Key Highlights

  • Second-quarter 2026 Revenue was USD 27,747,948, up 40.9% from USD 19,691,568.
  • The net loss narrowed to USD 6,624,702 from USD 36,133,275 a year earlier.
  • A 1-for-10 reverse split took effect on October 30, 2026, cutting shares to about 1.68 million.
  • Cash stood at USD 883,696 on June 30, 2026, after a USD 6.4 million private placement.
  • Preliminary June 2026 revenue was USD 8.9 million, up 26% year over year.

What Moved NextNRG Today (up USD 0.3086, 13.77%)

NextNRG, Inc. (NASDAQ:NXXT) rose 13.77% to USD 2.55 in regular trading on November 3, 2026, a gain of USD 0.3086 from Monday's close of about USD 2.2414 (calculated). The screen showed Volume of 101.89K shares and a Market Capitalisation of about USD 4.29 million, which is consistent with a share count of roughly 1.68 million after the split.

The most recent company announcement identified was dated October 28, 2026, and it covered the reverse split rather than operating news. No release dated November 2 or November 3, 2026 was found, so the gain looks like trading in a newly split, very small float.

The Reverse Split in Detail

According to a company press release dated October 28, 2026, the 1-for-10 reverse split became effective at 12:01 a.m. Eastern Time on October 30, 2026, with split-adjusted trading under the same symbol and a new CUSIP. Outstanding common shares fell from about 16.84 million to about 1.68 million before rounding.

Authorized common shares were also cut from 500 million to 50 million, while the Par Value and preferred stock terms were left unchanged. For context, the shares traded near USD 0.27 on July 20, 2026, which equals about USD 2.70 on a split-adjusted basis (calculated), so the current price sits close to that level.

Business Background and Recent Results

NextNRG describes itself as an AI-driven energy company with three lines: a smart microgrid controller, EV charging including wireless in-motion charging in development, and an on-demand mobile fueling fleet. Mobile fueling drove most of the recent growth through higher volumes and wider geographic coverage.

In its second-quarter 2026 report dated August 13, 2026, the company posted revenue of USD 27,747,948 against USD 19,691,568. Gross Profit was USD 1,955,638 versus USD 1,569,816, which works out to a gross Margin of about 7.0% against about 8.0% (calculated). Operating expenses fell to USD 6,047,468 from USD 31,779,768, mainly because stock-based compensation dropped by USD 24.1 million.

The loss from operations narrowed to USD 4,427,212 from USD 30,765,704, and the net loss was USD 6,624,702 against USD 36,133,275. Adjusted EBITDA was a loss of USD 2,213,843 versus a loss of USD 5,759,395. The reported loss per share of USD 0.04, compared with USD 0.30, predates the reverse split.

Monthly updates showed preliminary May 2026 revenue of USD 9.3 million, up 41%, and June 2026 revenue of USD 8.9 million, up 26%, with June gross profit of about USD 654,000 on roughly 2.1 million gallons.

Balance Sheet and Risks

Cash was USD 883,696 on June 30, 2026, compared with USD 384,140 at December 31, 2025. Interest expense for the quarter was USD 2,678,729, down 38% from USD 4,319,031. The company completed a USD 6.4 million private Placement during the quarter. The release did not disclose total debt, guidance or backlog.

This is a penny stock, so shares can be highly volatile, thinly traded and exposed to dilution if more Equity is issued.## What to Watch Next

What to Watch Next

Third-quarter 2026 results have not yet been reported, and investors may look for gross margin, cash and financing details, and any update on the microgrid power purchase agreements in California.## FAQs