The company's financial stability is severely compromised by a negative equity position of $19.6 million and a critically low current ratio of 0.18 as of 2026Q1.
| Total Assets | 12.26M | 11.06M | 12.18M | 5.72M | 10.6M | 22.92M | 2.81M | 1.2M |
| Asset Growth % | 547.92% | -9.13% | 112.95% | -46.05% | -53.77% | 716.75% | 134.2% | - |
| PP&E (Net) | 6.5M | 7.65M | 8.17M | 3.89M | 5.11M | 2.29M | 428.57K | 336.3K |
| PP&E / Total Assets % | 52.97% | 69.15% | 67.08% | 68.11% | 48.23% | 9.97% | 15.27% | 28.06% |
| Total Current Assets | 5.54M | 3.19M | 2.24M | 1.77M | 5.43M | 17.26M | 1.28M | 124.44K |
| Cash & Equivalents | 208.05K | 384.14K | 438.3K | 226.99K | 2.07M | 13.56M | 882.87K | 32.09K |
| Receivables | 1000K | 1000K | 1000K | 1000K | 766.69K | 100.19K | 193.64K | 25.51K |
| Inventory | 839.11K | 609.86K | 126.4K | 134.06K | 151.25K | 46.34K | 41.05K | 36.6K |
| Other Current Assets | 1.59M | 152.83K | 59.66K | 0 | 0 | 0 | 153.6K | 20K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 109.98K | 109.98K | 108.71K |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 3.23M | 990.56K | 628.98K |
| Other Assets | 226.86K | 226.86K | 1.77M | 49.06K | 52.74K | 43.46K | 0 | 0 |
| Total Liabilities | 34.31M | 33.18M | 10.02M | 7.62M | 4.81M | 1.06M | 4.29M | 760.96K |
| Total Debt | 25.69M | 26.48M | 8.21M | 6.71M | 3.56M | 476.31K | 1.55M | 631.89K |
| Net Debt | 25.48M | 26.1M | 7.77M | 6.48M | 1.49M | -13.08M | 667.22K | 599.8K |
| Long-Term Debt | 17.43K | 4.39M | 151.91K | 353.49K | 1.2M | 297.44K | 551.02K | 428.05K |
| Short-Term Borrowings | 21.92M | 21.61M | 7.67M | 5.75M | 1.81M | 178.87K | 999.07K | 203.84K |
| Capital Lease Obligations | 7.81M | 487.15K | 385.02K | 604K | 546.02K | 0 | 0 | 0 |
| Total Current Liabilities | 30.54M | 28.3M | 9.66M | 6.98M | 3.3M | 758.24K | 3.74M | 332.91K |
| Accounts Payable | 6.02M | 4.06M | 1.47M | 845.27K | 987.01K | 491.6K | 215.6K | 59.42K |
| Accrued Expenses | 4.71M | 0 | 83.2K | 72.43K | 269.47K | 87.77K | 160.42K | 69.65K |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2.61M | 2.49M | 0 | 0 | 0 | 0 | 2.36M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Equity | -22.05M | -22.11M | 2.16M | -1.91M | 5.79M | 21.81M | -1.48M | 437.46K |
| Equity Growth % | -2183.32% | -1125.94% | 213.08% | -132.95% | -73.47% | 1571.64% | -438.71% | - |
| Shareholders Equity | -19.58M | -19.68M | 2.16M | -1.91M | 5.79M | 21.81M | -1.48M | 437.46K |
| Minority Interest | -2.47M | -2.44M | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 15.66K | 14.24K | 258.27K | 477 | 2.67K | 2.62K | 6.47K | 3.15K |
| Additional Paid-in Capital | 145.14M | 134.25M | 0 | 43.41M | 40.67M | 39.21M | 6.47M | 1.14M |
| Retained Earnings | -164.74M | -153.94M | -61.76M | -45.32M | -34.85M | -17.34M | -7.96M | -701.99K |
| Accumulated OCI | 0 | 0 | 0 | 0 | -44.59K | -5.07K | 0 | 0 |
| Return on Assets (ROA) | -512.27% | -737.9% | -180.96% | -128.37% | -104.44% | -72.93% | -362.23% | -78.1% |
| Return on Equity (ROE) | 466.21% | - | -12984.19% | -539.89% | -126.89% | -92.34% | - | -213.96% |
| Debt / Equity | -1.17x | - | 3.81x | - | 0.61x | 0.02x | - | 1.44x |
| Debt / Assets | 209.46% | 239.38% | 67.43% | 117.29% | 33.55% | 2.08% | 55.23% | 52.73% |
| Net Debt / EBITDA | -0.36x | - | - | - | - | - | - | - |
| Book Value per Share | -0.15 | -0.18 | 0.6 | -1.27 | 4.38 | 21.59 | -2.93 | 1.1 |
Imminent Liquidity Exhaustion
According to the latest balance sheet data, NXXT's net PPE has fluctuated significantly, reaching $6.5 million in 2026Q1, which suggests that the company's asset base lacks the predictable, long-lived characteristics typically associated with regulated utility infrastructure and its associated rate recovery mechanisms.
The volatility in net PPE suggests that the company's capital investments are not translating into a stable, growing rate base that would typically provide a foundation for regulated returns. Investors should monitor whether these assets are truly utility-grade or if they represent short-lived mobile fueling equipment that requires frequent, capital-intensive replacement.
Based on reported financial statements, NXXT's equity position has deteriorated into a negative $19.6 million as of 2026Q1, indicating that accumulated losses have completely eroded the company's book value and left the capital structure entirely dependent on debt financing.
A negative equity position is highly atypical for a regulated utility and suggests that the company lacks the financial cushion required to absorb operational shocks. This capital structure appears unsustainable, as it leaves no room for the equity-based financing typically required to support long-term infrastructure development.
As reported in recent filings, the company's cash reserves have dwindled to $208,000 in 2026Q1, a level that appears insufficient to support ongoing operations given the current burn rate and the extremely low current ratio of 0.18.
The current ratio of 0.18 indicates that the company faces a severe mismatch between its short-term obligations and its available liquid assets. This suggests that NXXT may be forced to seek emergency financing or further dilute shareholders to maintain its mobile fueling fleet, which warrants close monitoring by investors.
Analysis of the company's balance sheet reveals that the lack of traditional regulatory assets, combined with a $25.7 million debt load, creates a high-risk profile where any change in Florida's mobile fueling fire codes could lead to immediate asset impairment.
Unlike traditional utilities that benefit from regulatory recovery of prudently incurred costs, NXXT appears to lack such protections, making its asset base highly vulnerable to regulatory shifts. The absence of a clear path to rate-based recovery suggests that the company's debt may be significantly riskier than that of a standard regulated utility.
Quick answers to the most common questions about buying NXXT stock.
As of 2025, NextNRG Inc. (NXXT) had total assets of $11.1M including $3.2M in current assets.
NextNRG Inc. (NXXT) carries total debt of $26.5M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
NextNRG Inc. (NXXT) has total shareholders' equity (book value) of $-19.7M ($-0.18 book value per share). Book value represents the net worth of the company belonging to common stock holders.
NextNRG Inc. (NXXT) reported a current ratio of 0.11x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.