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NEXTNRG, INC. (NXXT)·Q1 2025 Earnings Summary

Executive Summary

  • NextNRG delivered triple‑digit top-line growth: Q1 2025 revenue rose 147% YoY to $16.3M with gallons delivered up 183% to 4.7M; gross profit increased 12% to $0.52M as average fuel margin per gallon improved to $0.71 .
  • Momentum continued post‑quarter: April 2025 preliminary revenue reached $5.82M (+154% YoY) and volumes rose 207%, indicating sustained demand as scale increases .
  • Despite strong growth, profitability remains a headwind: GAAP net loss widened QoQ to approximately $8.79M*, and EBITDA was about $(5.05)M* as the company invests to scale and integrates acquisitions .
  • Visibility: No formal quantitative guidance provided; management affirmed microgrid deployment on track for Q2 2025 and plans a large bidirectional wireless EV charging pilot later in 2025; earnings call was scheduled for May 22, 2025 at 9:15am ET .

What Went Well and What Went Wrong

What Went Well

  • Record growth and execution: “We entered 2025 with tremendous momentum and a clear roadmap to scale, and Q1 results are a reflection of that execution” .
  • Enterprise traction and channel maturation: Initiated deliveries to “the world’s largest e‑commerce company” under a multi‑year agreement; executed logistics agreements with major national brands .
  • Capacity and footprint expansion: 144 active vehicles, entry into a seventh state, and integration of Shell Oil mobile fleet and Yoshi Mobility assets bolstered national reach and logistics capacity .

What Went Wrong

  • Profitability and margin structure: Gross profit margin % was low in Q1 (3.18%) versus Q4 2024 (10.11%) and Q1 2024 (7.00%*), highlighting ongoing mix/scale effects despite higher per‑gallon margin .
  • Losses widened QoQ: GAAP net loss of approximately $(8.79)M* vs $(2.85)M* in Q4 2024; EBITDA approximately $(5.05)M* vs $(2.56)M* QoQ as the company scales .
  • Limited guidance/visibility: No formal numeric guidance; investors await more detailed disclosures on microgrid pipeline economics, SaaS ramp, and EV charging monetization; Q1 call transcript not yet available .

Financial Results

Summary Financials (oldest → newest)

MetricQ1 2024Q4 2024Q1 2025
Revenue ($USD Millions)$6.60 $6.90 $16.30
Gross Profit ($USD Thousands)$462 $652 $518
Gross Profit Margin %7.00%*10.11%*3.18%*
Net Income - (IS) ($USD Millions)$(2.68)*$(2.85)*$(8.79)*
Diluted EPS ($)$(1.48)*$(0.48)*$(0.08)*
EBITDA ($USD Millions)$(1.47)*$(2.56)*$(5.05)*
Cash and Equivalents ($USD Millions)$0.05*$0.44 $2.10
  • Values retrieved from S&P Global.

KPIs (operational)

KPIQ1 2024Q4 2024Q1 2025
Gallons Delivered (Millions)1.7 1.8 4.7
Avg Fuel Margin per Gallon ($)$0.65 $0.71 $0.71
Active Vehicles (Units)n/a140 144
Operational Statesn/a6 7

Monthly Momentum

MetricMarch 2024March 2025YoY
Revenue ($USD Millions)$2.35 $6.15 +161%
Gallons Delivered (Millions)0.58 1.80 +210%

Additional post‑quarter datapoint: April 2025 revenue $5.82M (+154% YoY) .

Segment Breakdown

  • Company identifies three infrastructure‑aligned revenue streams (Utility OS & Smart Microgrids; Wireless EV Charging; Mobile Energy Logistics), but did not disclose quantitative segment revenue in Q1 2025 press materials .

Guidance Changes

MetricPeriodPrevious GuidanceCurrent GuidanceChange
Revenue / EPS / MarginsQ2–FY 2025Not providedNot providedMaintained: no formal guidance
Smart Microgrid DeploymentQ2 2025Not disclosedOn track to begin utility‑scale deployment in Northern Florida in Q2 2025 Introduced/affirmed timing
Wireless EV Charging Pilot (bidirectional)2H 2025 (later this year)Not disclosedPlanning launch later this year in Southern Florida Introduced/affirmed timing
Microgrid Pipeline GuidanceFY 2025Expected to provide guidance “in the next quarter” (stated in Q4 release) Not provided in Q1 releaseDeferred/awaited

Earnings Call Themes & Trends

TopicQ-2 (Q3 2024)Q-1 (Q4 2024)Q1 2025Trend
AI/Utility OSn/aFoundation laid; Utility OS central to strategy Utility OS rollout underway to optimize microgrids and fleet energy delivery Building → Deploying
Smart Microgridsn/aPipeline expansion commentary; guidance expected next quarter Utility‑scale deployment on track for Q2 2025 (Northern Florida) Pipeline → Execution
Wireless EV Chargingn/aAdvanced static/dynamic wireless charging solutions (FIU licenses) Planning the largest bidirectional pilot in Southern Florida later in 2025 R&D → Pilot
Mobile Fueling Scalen/a7.2M gallons in 2024; 140 trucks; six states 4.7M gallons in Q1; 144 active vehicles; entered seventh state Scaling capacity/volume
Enterprise/Partnershipsn/aStrengthening channel; groundwork for recurring revenue Deliveries initiated to world’s largest e‑commerce company; national brand agreements Expanding B2B base

Note: Q3 2024 earnings materials were not found in the document set queried.

Management Commentary

  • “We entered 2025 with tremendous momentum and a clear roadmap to scale, and Q1 results are a reflection of that execution.” — Michael D. Farkas, CEO .
  • “We believe our hybrid platform—combining traditional fueling, electrification, and AI‑driven grid intelligence—represents the future of distributed energy,” positioning for “long‑term SaaS‑based recurring revenue streams” .
  • Strategic priorities emphasized: Utility OS rollout; microgrid deployment starting Q2 2025; bidirectional wireless EV charging pilot later in 2025; integration of Shell mobile fleet and Yoshi Mobility assets; expansion into Phoenix, Austin, San Antonio, and Houston .

Q&A Highlights

  • Q1 2025 conference call scheduled for May 22, 2025 at 9:15am ET; transcript was not available in the retrieved document set at time of analysis .
  • No additional Q&A details or clarifications were accessible due to lack of transcript availability.

Estimates Context

  • S&P Global consensus: No published Q1 2025 EPS or revenue consensus was returned; # of estimates not provided, so a beat/miss analysis vs Street is not applicable. Values retrieved from S&P Global.
  • Actuals vs Consensus
MetricQ1 2025 ActualS&P Global ConsensusSurprise
Revenue$16.3M N/A*N/A
EPS (Diluted)$(0.08)*N/A*N/A
  • Values retrieved from S&P Global.

Key Takeaways for Investors

  • Execution inflection: Triple‑digit revenue and volume growth, plus April’s strong preliminary metrics, indicate scale benefits and demand durability into Q2 .
  • Emerging infrastructure catalysts: Utility‑scale microgrid deployment (Q2) and a large bidirectional wireless EV charging pilot (2H) introduce near‑term milestone catalysts beyond mobile fueling .
  • Mix/margin watch: While per‑gallon margin improved, gross margin % remained low and losses widened QoQ; monitor operating leverage as SaaS/microgrid components scale and integration expenses normalize .
  • Enterprise pipeline traction: Multi‑year e‑commerce partnership and national brand agreements support recurring delivery demand and potential cross‑sell into microgrids/EV solutions .
  • Capital and capacity in place: 144 active vehicles and expanded geography provide the physical network to support growth and future energy services deployment .
  • Visibility pending: Lack of numeric guidance and no consensus estimates limit near‑term precision; upcoming deployment updates and (when available) call transcript should clarify unit economics and path to profitability .
  • Trading setup: Continued monthly momentum updates and concrete Q2 microgrid deployment milestones are likely to be key stock catalysts; downside risk centers on execution slippage and cash burn if operating leverage lags.

Citations:

  • Q1 2025 8‑K press release and details
  • Preliminary March and Q1 2025 results 8‑K
  • Q4 2024 8‑K press release

S&P Global disclaimer: Asterisked values are retrieved from S&P Global.