NextNRG, Inc.

What they do

NextNRG generates current revenue primarily from on-demand mobile fuel delivery through its fleet of fuel delivery trucks, operated under its EzFill operations. It is building a utility operating system and smart microgrids that combine AI-driven energy management, solar power and battery storage for commercial properties, schools, hospitals, government properties and other sites. It also describes planned revenue from power purchase agreements, solar renewable energy credits, SaaS energy-management software, licensing and wireless EV charging. Several of these energy lines are described as planned or expected rather than currently generating reported revenue.

Revenue drivers

• Mobile fuel delivery — The operating business, run through EzFill operations, delivering fuel on demand to fleet and commercial customers; revenue growth is attributed to higher fuel volumes and geographic expansion.
• Solar electricity / power purchase agreements — Planned revenue from sale of energy by kilowatt hour under PPAs, net metering credit agreements, solar renewable energy credits and performance-based incentives; the filings describe these as expected sources, not current reported revenue.
• Wireless EV charging — Planned sale of energy to EV charging customers and of charging solutions to property owners, parking facilities, municipalities, government agencies and charge point operators; described as planned, with pricing based on peak/off-peak rates.
• SaaS and licensing — Planned revenue from sale of the company's energy management software under SaaS agreements and related licensing; described in the 10-Q as planned rather than an established revenue line.

Recent performance

Second quarter 2026 revenue was $27,747,948, up 40.9% from $19,691,568 in Q2 2025, which the company attributed to mobile fueling volume growth and geographic expansion. Gross profit rose to $1,955,638 from $1,569,816. Net loss was $6,624,702 versus $36,133,275 a year earlier, an 81.7% reduction, and loss from operations fell to $4,427,212 from $30,765,704. Operating expenses of $6,047,468 were down about 81%, mainly from a $24,102,349 reduction in stock-based compensation after a one-time share issuance in the prior-year period. Adjusted EBITDA loss narrowed 61.6% to $2,213,843 from $5,759,395.

Strategy

Management says it is expanding the mobile fueling fleet and national footprint while integrating sustainable energy solutions into fueling operations. It is developing smart microgrids using AI-driven energy management, solar and battery storage, targeting commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational and government properties. It plans to sell energy-management software under SaaS agreements and build wireless EV charging, and says it aims to help fleet customers transition to EV. The company also states it is cleaning up its balance sheet, citing a 38% year-over-year decline in interest expense and a completed $6.4 million private placement in Q2 2026. Capital allocation is described as disciplined.

Risks

• Need for additional capital — The 10-K/A states revenues are not presently sufficient to sustain operations, current liabilities substantially exceeded current assets at December 31, 2025, and liquidity sources were expected to fund activities only through April 30, 2026 without new equity or debt.
• Negative shareholder equity and accumulated losses — At June 30, 2026 total liabilities were $33.7 million against total assets of $12.4 million, producing shareholder equity of negative $18.8 million, with net losses in each year from 2021 through 2025 and a $85.7 million loss in 2025.
• Dilution from future financings — The 10-K/A risk factors state that future equity financings are likely to be dilutive, that new securities may carry preferences, superior voting rights, warrants or other derivatives, and that the company has issued unregistered equity in several 2026 8-K events.
• Early-stage energy lines — Solar electricity, wireless EV charging and SaaS/licensing revenue are described in the 10-Q MD&A as planned or expected sources, so reported results currently depend on mobile fuel delivery rather than the broader energy ecosystem.

Outlook

The earnings release frames Q2 2026 as evidence of the ability to grow fueling while building the energy project pipeline with disciplined capital allocation. Management cited the $6.4 million private placement, lower interest expense and narrowed Adjusted EBITDA loss as strengthening the financial position going forward. The 10-K/A states that without additional equity or debt capital, liquidity was expected to last only through April 30, 2026. No specific revenue or earnings guidance is provided in the excerpts.