NXXT 8-K
Nextnrg, Inc. (NXXT)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices, including Zip Code)
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02. Results of Operations and Financial Condition.
On August 15, 2025, NextNRG, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2025. A copy of this press release is furnished as Exhibit 99.1 to this Current Report.
The information included in this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
Description | |
| 99.1 | Press release of the registrant dated August 15, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NextNRG, Inc. | ||
| Date: August 15, 2025 | By: | /s/ Michael Farkas |
| Name: | Michael Farkas | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
NextNRG Reports Q2 2025 Revenues Up 166% Year-Over-Year
Record-Breaking Growth Highlights Execution of Integrated Energy Infrastructure Strategy
Strong Operational Metrics Drive 189% Gross Profit Growth as Multi-Revenue Platform Scales
MIAMI, August 15, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging and on-demand mobile fuel delivery solutions— today announced financial results for the second quarter ended June 30, 2025, and provided a strategic update on its technology roadmap and growth trajectory.
Selected Financial & Operational Highlights
| Metric | Q2 2025 (unaudited) |
Q2 2024 (unaudited) |
||||||
| Revenue | $ | 19.7M | $ | 7.4M | ||||
| Gross Profit | $ | 1.6M | $ | 547K | ||||
| Loss from Operations | $ | 30.8M | 1 | $ | 2.6M | |||
| Net Loss | $ | 36.1M | $ | 5.6M | ||||
“ We delivered another exceptional quarter with 166% revenue growth, demonstrating the power of our integrated energy platform and the strong market demand for our solutions,” said Michael D. Farkas, CEO of NextNRG. “With record-setting fuel volumes, expanding margins, and successful execution of our multi-state expansion strategy, our core operations continue to exceed expectations. At the same time, we are advancing the next phase of our integrated energy strategy, with smart microgrid deployments and wireless EV charging programs progressing toward commercial launch.”
This figure includes a non-cash stock-based compensation expense of approximately $25.5 million in connection with the implementation of its stock incentive plan for employees and consultants. Management expects this to represent the most material charge of its kind and does not anticipate future expenses of this magnitude.
For the quarter, NextNRG reported a net loss of $36.1 million, which included a $30.8 million operating loss. Of that, $25.5 million was a non-cash stock-based compensation expense tied to the launch of it’s incentive program for employees and consultants — designed to attract and retain the talent needed to execute on the Company’s long-term strategy. Excluding this charge, underlying performance shows continued improvement.
Q2 2025 Strategic and Operational Highlights
| ● | Strategic Partnership with Hudson Sustainable Group: Partnered with $13 billion renewable energy investor to accelerate U.S. energy infrastructure buildout, providing priority access to capital for NextNRG’s expanding national pipeline of solar, battery, microgrid, and wireless EV charging projects. |
| ● | Oklahoma Market Expansion: Extended operations into seventh state with long-term agreement serving one of the nation’s largest in-house fleet operators, establishing foundation for broader growth across the state. | |
| ● | Enhanced Enterprise Partnerships: Extended fueling services to Sunbelt Rentals in Texas, developing custom fleet portal and expanding direct-to-asset fuel delivery capabilities across rental branches and job sites |
Post-Q2 2025 Accomplishments
| ● | Strategic Financial Restructuring: Completed comprehensive financial restructuring reducing monthly cash burn by approximately $1 million through debt conversion and strategic refinancing, dramatically improving cash flow position. |
| ● | Record Monthly Performance: Achieved seventh consecutive record month in July 2025 with preliminary revenue of $8.19 million, representing 236% year-over-year growth and the first time crossing $8 million in monthly revenue. | |
| ● | Strategic Advisory Board Formation: Appointed Gary M. Goldfarb, global logistics authority and Chairman of World Trade Center Miami, as Chairman of newly formed Strategic Advisory Board to guide commercial and industrial facility expansion. |
Looking Ahead: Scaling the Energy Intelligence Grid
NextNRG is focused on expanding its integrated platform across three infrastructure-aligned revenue streams:
| 1. | Utility Operating System and Smart Microgrids: Deploying AI-driven grid management software and battery/solar microgrid systems through SaaS and power purchase agreements. |
| 2. | Wireless EV Charging: Advancing from R&D to commercial pilots with industrial equipment operators, focusing on heavy machinery and fleet applications in logistics and construction sectors. |
| 3. | Mobile Energy Logistics: Scaling across sectors with centralized scheduling and recurring site-level optimization. |
About NextNRG, Inc.
NextNRG, Inc. (NextNRG) is Powering What’s Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem.
At the core of NextNRG’s strategy is its Utility Operating System, which leverages AI and ML to help make existing utilities’ energy management as efficient as possible, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives.
NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility’s fuel division and Shell Oil’s trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG’s innovative wireless EV charging solutions.
To find out more visit: www.nextnrg.com
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements.
Investor Relations Contact
NextNRG, Inc.
Sharon Cohen