NextNRG Reports Q2 2025 Revenues Up 166% Year-Over-Year

Core Insights - NextNRG reported a remarkable 166% year-over-year revenue growth for Q2 2025, reaching $19.7 million compared to $7.4 million in Q2 2024, driven by strong market demand for its integrated energy solutions [3][4][5] - The company achieved a gross profit of $1.6 million, a significant increase from $547,000 in the same quarter last year, reflecting a 189% growth in gross profit [4][5] - Despite the revenue growth, NextNRG reported a net loss of $36.1 million, which included a $30.8 million operating loss primarily due to a non-cash stock-based compensation expense of approximately $25.5 million [4][6] Financial Highlights - Revenue for Q2 2025 was $19.7 million, up from $7.4 million in Q2 2024, marking a 166% increase [4] - Gross profit increased to $1.6 million from $547,000, representing a 189% growth [4] - The operating loss was $30.8 million, compared to $2.6 million in Q2 2024, largely due to stock-based compensation [4][6] - Net loss for the quarter was $36.1 million, up from $5.6 million in the previous year [4] Strategic Developments - NextNRG is advancing its integrated energy strategy with ongoing deployments of smart microgrids and wireless EV charging programs, aiming for commercial launch [5][8] - The company is expanding its integrated platform across three revenue streams: Utility Operating System, Smart Microgrids, and Wireless EV Charging [7][12] - A strategic partnership with Hudson Sustainable Group aims to accelerate U.S. energy infrastructure buildout, providing priority access to capital for NextNRG's projects [12] - The company has extended operations into Oklahoma, marking its seventh state of operation, and has secured a long-term agreement with a major fleet operator [12] Operational Achievements - NextNRG achieved a record monthly performance in July 2025 with preliminary revenue of $8.19 million, representing a 236% year-over-year growth [12] - The company is enhancing its mobile fueling operations by integrating sustainable energy solutions and expanding its fleet of fuel delivery trucks [9][12] - A newly formed Strategic Advisory Board, chaired by Gary M. Goldfarb, will guide the company's commercial and industrial facility expansion [12]