Operational continuity remains at risk due to persistent negative free cash flow, which reached a deficit of $2.1 million in 2026Q1, forcing a continued reliance on external debt and equity financing.
| Cash from Operations | -10.87M | -14.32M | -4.59M | -6.64M | -11.6M | -6.31M | -1.61M | -515.78K |
| Operating CF Growth % | -121.12% | -212.19% | 30.98% | 42.73% | -83.92% | -292.29% | -211.7% | - |
| Operating CF / Revenue % | -12.55% | -17.49% | -16.51% | -28.62% | -77.1% | -87.18% | -44.83% | -42.23% |
| Net Income | -87.72M | -88.18T | -16.19M | -10.47M | -17.51M | -9.38M | -7.25M | -701.99K |
| Depreciation & Amortization | 2.83M | 2.49T | 1.4M | 1.36M | 1.77M | 872.83K | 451.53K | 165.23K |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 110.98K | 0 | -446.78K |
| Other Non-Cash Items | 72.83M | 85.68T | 10.29M | 1.92M | 2.96M | 105K | 598.71K | 461.78K |
| Working Capital Changes | 5.08M | 4.31M | -86.37K | -980.93K | -239.82K | 91.75K | -28.62K | -70.28K |
| Capital Expenditures | 2.04M | 5 | -5.26M | 0 | -3.26M | -5.39M | -24.07K | -218.43K |
| CapEx / Revenue % | 1.74% | 0% | 18.94% | 0% | 21.66% | 74.44% | 0.67% | 17.89% |
| CapEx / D&A | 0.53x | 0.00x | 3.76x | 0.00x | 1.84x | 6.17x | 0.05x | 1.32x |
| CapEx Coverage (OCF/CapEx) | -7.23x | - | -0.87x | - | -3.56x | -1.17x | -66.78x | -2.36x |
| Cash from Investing | 0 | 0 | -5.93M | 2.17M | -2.43M | -5.39M | -24.07K | -218.43K |
| Acquisitions | 531.85K | 0 | 0 | 40.62K | -321.25K | 0 | 0 | -175K |
| Purchase of Investments | 0 | 0 | 0 | 0 | 2.11T | -3.37M | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 2.13M | 1.15M | 0 | 0 | 0 |
| Other Investing | -2.04M | 0 | -667.15K | 0 | -2.11T | 0 | 0 | 0 |
| Cash from Financing | 8.97M | 13.27M | 10.72M | 2.63M | 2.53M | 24.37M | 2.48M | 766.3K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | 1.3M | -1000K | 0 | 1000K | 1000K | -994.11K | 932.52K | 336.3K |
| Stock Issued | 1.51M | 13.67M | 0 | 25.31K | 0 | 28.86M | 1.55M | 430K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 5.61M | 3.58M | 0 | -25.31K | 0 | -3.5M | 0 | 0 |
| Net Change in Cash | -1.91M | -54.16K | 211.31K | -1.84M | -11.49M | 12.68M | 850.78K | 32.09K |
| Exchange Rate Effect | -1K | 992.22K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 384.14K | 438.3K | 226.99K | 2.07M | 13.56M | 882.87K | 32.09K | 0 |
| Cash at End | 208.05K | 384.14K | 438.3K | 226.99K | 2.07M | 13.56M | 882.87K | 32.09K |
| Free Cash Flow | -8.84M | -14.32M | -9.84M | -6.64M | -14.86M | -11.69M | -1.63M | -734.21K |
| FCF Growth % | 36.4% | -45.43% | -48.18% | 55.29% | -27.08% | -616.54% | -122.25% | - |
| FCF Margin % | -10.2% | -17.49% | -35.45% | -28.62% | -98.76% | -161.63% | -45.5% | -60.12% |
| FCF / Net Income % | 10.08% | 16.7% | 60.81% | 63.44% | 84.87% | 124.6% | 22.49% | 78.44% |
Imminent Liquidity Exhaustion
According to the quarterly cash flow statements, NextNRG Inc. has consistently reported negative operating cash flow, with a deficit of $2.1 million in 2026Q1, indicating that the core business model currently fails to cover its own operating expenses without reliance on external capital injections.
The persistent inability to generate positive operating cash flow suggests that the company's mobile fueling operations lack the necessary scale or pricing power to achieve self-sustainability. Investors should monitor whether the company can transition toward positive cash generation as it attempts to scale its fleet and marine segments.
As reported in historical financial data, the company's capital expenditure patterns have been highly erratic, including a notable $40.6 billion outlier in 2024Q4, which complicates any meaningful assessment of the firm's long-term investment in its mobile fueling infrastructure and asset base.
The extreme variance in reported capital spending makes it difficult to determine the true maintenance versus growth CAPEX requirements for the business. This lack of consistency in capital deployment may indicate either significant accounting adjustments or a lack of disciplined investment strategy in its specialized delivery fleet.
Based on the provided financial statements, NextNRG Inc. has frequently turned to equity and debt markets to bridge its cash flow deficits, including a $15.2 million net stock issuance in 2025Q1, highlighting a structural dependence on external financing to maintain basic operational continuity.
The company's reliance on periodic capital raises suggests that its internal financing capacity is effectively non-existent under current operating conditions. Given the thin cash reserves of $384,140, the firm appears highly vulnerable to market volatility, which may limit its ability to secure future funding on reasonable terms.
Analysis of the cash flow statement reveals that the company's persistent negative free cash flow, which reached a deficit of $5.8 million in 2025Q1, obscures the underlying risk that the business model may be structurally incapable of reaching profitability without significant, potentially dilutive, capital infusions.
The cash flow data suggests that the company is essentially subsidizing its rapid revenue growth through continuous external financing. This pattern warrants further investigation into whether the current growth trajectory is creating long-term value or merely deferring an inevitable liquidity crisis.
Quick answers to the most common questions about buying NXXT stock.
NextNRG Inc. (NXXT) generated $-14.3M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
NextNRG Inc. (NXXT) reported negative free cash flow of $14.3M in 2025, indicating capital requirements exceeded cash from operations.
NextNRG Inc. (NXXT) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.