NXXT on Nasdaq

NEXTNRG, INC.

NEXTNRG, INC. is an American retail-auto dealers and gasoline stations company based in Miami Beach.1 Its shares trade on Nasdaq under the symbol NXXT.1

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Last updated Oct 20, 2026.

Overview

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  • TickerNXXT on Nasdaq1
  • IndustryRetail-Auto Dealers & Gasoline Stations1
  • HeadquartersMiami Beach, Florida1
  • Incorporated inDE2
  • Business address407 Lincoln Rd. #9F, Miami Beach, Fl 331392
  • Filer category, Emerging growth company2
  • Legal formCorporation

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No longer need to get out of your vehicle and face uncomfortable weather conditions to charge your car.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-85.8%Operating margin5
-104.8%Net margin5
194.7%Revenue growth, 20255

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Fuel brought in 97% of the revenue NEXTNRG, INC. broke down this way in fiscal 2025.

  1. Fuel$79.0M597%up 196% from 2024
  2. Product and Service, Other$2.8M53%up 163% from 2024
Products and services by year
Products and services20242025
Fuel$26.7M$79.0M
Product and Service, Other$1.1M$2.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue92¢$74.9M
  • Other costs8¢$6.9M

Out of $81.8M in revenue.5 The company lost money this year.

Financial statements

Revenue6785$81.8M in 2025+2182% since 2020
0$25.0M$50.0M$75.0M$100.0M2020: $3.6M$3.6M20202021: $7.2M$7.2M2021+102%2022: $15.0M$15.0M2022+108%2023: $23.2M$23.2M2023+54%2024: $27.8M$27.8M2024+20%2025: $81.8M$81.8M2025+195%
Operating income67985-$70.2M in 2025+912% since 2020
-$80.0M-$60.0M-$40.0M-$20.0M02020: -$6.9M-$6.9M20202021: -$8.8M-$8.8M2021+26%2022: -$17.5M-$17.5M2022+99%2023: -$8.5M-$8.5M2023−51%2024: -$11.7M-$11.7M2024+37%2025: -$70.2M-$70.2M2025+499%
Net income67985-$85.7M in 2025+1082% since 2020
-$100.0M-$75.0M-$50.0M-$25.0M02020: -$7.3M-$7.3M20202021: -$9.4M-$9.4M2021+29%2022: -$17.5M-$17.5M2022+87%2023: -$10.5M-$10.5M2023−40%2024: -$21.4M-$21.4M2024+104%2025: -$85.7M-$85.7M2025+301%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Sales net$81.8M$27.8M
Cost of sales$74.9M$26.0M
Gross margin$6.9M$1.8M
General and administrative expenses$65.9M$12.0M
Depreciation and amortization$2.7M$1.5M
Impairment loss$8.5M
Total costs and expenses$77.1M$13.5M
Loss from operations-$70.2M-$11.7M
Interest income$8$283.2K
Gain (loss) on settlement of liabilities-$862.7K
Loss on debt extinguishment - related party-$907.5K
Other income$150.2K$305.0K
Interest expense (including amortization of debt discount)-$17.3M-$9.4M
Total other income (expense) - net-$18.0M-$9.7M
Net loss-$88.2M-$21.4M
Non-controlling interest-$2.4M
Net loss attributable to NextNRG, Inc. stockholders-$85.7M-$21.4M
Net loss available to common stockholders diluted-$86.4M-$21.7M
Net loss available to common stockholders - basic-$21.7M
Basic loss per share-$0.72-$5.97
Diluted loss per share-$0.72-$5.97
Weighted average number of shares - basic122.1M shares3.6M shares
Weighted average number of shares - diluted122.1M shares3.6M shares

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Corporate structure

NEXTNRG, INC. sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of NEXTNRG, INC.

  • Michael D. Farkas Filed SCHEDULE 13D/A on NEXTNRG, INC., latest Jun 23, 2025 (4 filings since Jun 10, 2024)
  • Arif I. Sarwat Filed SCHEDULE 13D on NEXTNRG, INC., latest Feb 28, 2025
  • AJB Capital Investments LLC Filed SC 13G on NEXTNRG, INC., latest Jan 18, 2024 (2 filings since May 4, 2023)
  • NEXTNRG, INC. Miami Beach, Florida
    • EzFill Operations, LLC Subsidiary · Nevada, United States
    • Next Charging Corp. Subsidiary · Nevada, United States
    • Next/Ingle Holdings, LLC Subsidiary · Delaware, United States
    • NextCharging, LLC Subsidiary · Delaware, United States
    • NextNRG Ops,LLC (f/k/a NextNRG, LLC) Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What NEXTNRG, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$12.3M5 Dec 31, 2025$10.9M5 Dec 31, 2024+12.8%
Accumulated depreciation$5.4M5 Dec 31, 2025$3.3M5 Dec 31, 2024+62.7%
Property and equipment, net$6.8M5 Dec 31, 2025$7.5M5 Dec 31, 2024−9.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$5.1M5 Dec 31, 2024$3.2M6 Dec 31, 2021+57.6%
Accumulated amortization-$5.5M5 Dec 31, 2025-$446.7K5 Dec 31, 2024−1131.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$609.9K5 Dec 31, 2025$126.4K5 Dec 31, 2024+382.5%

Properties, in its own words

Description of Property

We lease office space at 2999 NE 191st Street, Aventura, FL 33180 and pay approximately $26,000 per month, including operating expenses and taxes. We currently sublet this property at a rate of $16,000 per month.

The rest of Item 2

We lease our current office space at 57 NW 183rd Street and pay $10,300 per month.

Additionally, we have office space and parking for our trucks at our fuel supplier located at 2965 E. 11th Ave., Hialeah, FL 33013 and pay $8,250 per month.

We also have access to parking for our trucks at various locations of Palmdale Oil Company in Florida. Finally, we lease approximately 3,000 square feet of office space, located at 407 Lincoln Road, Ste. 9F, Miami Beach, FL 33139. The Company is not charged any fees for this arrangement.

We believe our current office space is sufficient to meet our needs.

Item 2 of the 10-K filed Apr 16, 2026.4

Leadership

Who has led NEXTNRG, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Yehuda Levy2023
  2. Michael D. Farkas2025–now

Chair

  1. Michael D. Farkas2025–now

Chief financial officer

  1. Michael D. Handelman2023
  2. Joel Kleiner2025–now

Chief operating officer

  1. Cheryl Edith Hanrehan2021
  2. Michael Andrew Devoe2022
2025
Board members and other officers (11)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • EzFill Operations, LLC Nevada3
  • Next Charging Corp. Nevada3
  • Next/Ingle Holdings, LLC Delaware3
  • NextCharging, LLC Delaware3
  • NextNRG Ops,LLC (f/k/a NextNRG, LLC) Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • EzFill Holdings IncNov 27, 2020 to Feb 14, 20252

Timeline

  1. Oct 8, 20268-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed27
  2. Oct 7, 20268-K Financial statements and exhibits28
  3. Oct 6, 20268-K Entered a material agreement; Change to shareholders' rights; Other events29
  4. Sep 18, 20268-K Listing notice or transfer30
  5. Sep 14, 20268-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events31
  6. Aug 17, 20268-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed32
  7. Aug 13, 20268-K Results of operations33
  8. Jul 29, 20268-K Entered a material agreement; New debt or obligation; Unregistered sale of shares34
  9. Jul 7, 20268-K Entered a material agreement35
  10. Jun 18, 20268-K Entered a material agreement; Ended a material agreement36
  11. Jun 5, 20268-K Regulation FD disclosure37
  12. May 28, 20268-K Entered a material agreement; Unregistered sale of shares; Other events38
  13. Feb 18, 2025New chief executive Michael D. Farkas becomes CEO12
  14. May 3, 2023New chief executive Yehuda Levy becomes CEO13

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($1.20) a share, on Nov 14, 2025.39

When it reported results

  1. Aug 13, 2026Reported quarterly or annual results33
  2. May 15, 2026Reported quarterly or annual results40
  3. Apr 16, 2026Reported quarterly or annual results41
  4. Nov 17, 2025Reported quarterly or annual results42
  5. Aug 15, 2025Reported quarterly or annual results43
  6. May 21, 2025Reported quarterly or annual results44
  7. Apr 10, 2025Reported quarterly or annual results45
  8. Mar 27, 2025Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

371 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 163 major events, 86 insider forms, 7 large holders, 1 private raises, 93 other. The latest 20:

  1. Oct 8, 20268-K EDGAR
  2. Oct 7, 20268-K/A EDGAR
  3. Oct 6, 20268-K EDGAR
  4. Sep 18, 20268-K EDGAR
  5. Sep 14, 20268-K EDGAR
  6. Sep 8, 2026424B3 EDGAR
  7. Sep 4, 2026EFFECT EDGAR
  8. Aug 26, 2026D EDGAR
  9. Aug 24, 2026S-1 EDGAR
  10. Aug 21, 2026DEF 14C EDGAR
  11. Aug 17, 20268-K EDGAR
  12. Aug 13, 20268-K EDGAR
  13. Aug 13, 202610-Q EDGAR
  14. Aug 10, 2026PRER14C EDGAR
  15. Jul 31, 2026PRE 14C EDGAR
  16. Jul 29, 20268-K EDGAR
  17. Jul 7, 20268-K EDGAR
  18. Jun 22, 20264 EDGAR
  19. Jun 18, 20264 EDGAR
  20. Jun 18, 20268-K EDGAR

The 371 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

34 open-market trades by officers, directors and large owners since October 2021: 12 buys and 22 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 30, 2025Arbour Daniel RonaldDirectorSale6,751$1.53$10.3KForm 4
Dec 29, 2025Arbour Daniel RonaldDirectorSale31,446$1.46$45.9KForm 4
Dec 11, 2025Vaknin AvishaiChief Technology OfficerSale15,000$2.00$30.0KForm 4
Dec 9, 2025Arbour Daniel RonaldDirectorSale27,891$1.31$36.5KForm 4
Dec 5, 2025Arbour Daniel RonaldDirectorSale23,859$1.25$29.8KForm 4
Dec 1, 2025Arbour Daniel RonaldDirectorSale42,109$1.31$55.2KForm 4
Nov 21, 2025Leibler JackDirectorSale150,000$1.03$154.5KForm 4
Oct 24, 2025Vaknin AvishaiChief Technology OfficerSale15,509$2.01$31.2KForm 4
Sep 22, 2025Oppen Sean MatthewDirectorBuy25,000$1.66$41.5KForm 4
Sep 18, 2025Oppen Sean MatthewDirectorBuy10,000$1.82$18.2KForm 4
Sep 18, 2025FARKAS MICHAEL DCEO and Executive ChairmanBuy1,000,000$1.67$1.7MForm 4
Sep 20, 2024Vaknin AvishaiChief Technology OfficerSale5$3.45$17Form 4
Sep 19, 2024Vaknin AvishaiChief Technology OfficerSale644$3.55$2.3KForm 4
Sep 18, 2024Vaknin AvishaiChief Technology OfficerSale2,246$3.72$8.4KForm 4
Sep 17, 2024Vaknin AvishaiChief Technology OfficerSale5,061$4.20$21.2KForm 4
Sep 16, 2024Vaknin AvishaiChief Technology OfficerSale5,000$4.11$20.6KForm 4
Sep 13, 2024Vaknin AvishaiChief Technology OfficerSale2,100$4.10$8.6KForm 4
Sep 12, 2024Vaknin AvishaiChief Technology OfficerSale6,500$4.29$27.9KForm 4
Sep 11, 2024Vaknin AvishaiChief Technology OfficerSale6,000$3.96$23.8KForm 4
Sep 10, 2024Vaknin AvishaiChief Technology OfficerSale3,684$3.79$14.0KForm 4

All 34 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Yehuda Levy$196.2K$242.6K50
2024Avishai Vaknin$112.0K$153.8K50
2024Michael Handelman$23.6K50
2023Chief Technology OfficerMobile Fuel Delivery$832.0K$843.7K50
2023Interim ChiefExecutive Officer$192.3K$214.0K50
2023Former Chief Financial Officer$170.0K$184.5K50
2023Former ChiefExecutive Officer$52.9K$104.2K50
2023Former Chief Commercial Officer$77.7K$90.3K50
2023Former Chief Operating Officer$23.4K50
2023Chief Financial Officer$11.1K50

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 13, 2026Raised $9.2 million in a private offering of equity Form D: $27.2 million offered in all Form D

SEC filer profile

How NEXTNRG, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNEXTNRG, INC.1
  • CIK0001817004
  • Employer ID (EIN)84-42606234
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)5500 Retail-Auto Dealers & Gasoline Stations1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address407 Lincoln Rd. #9F, Miami Beach, FL 331391
  • Phone305-791-11691
  • Shares outstanding168,221,739 as of Aug 13, 202611
  • Public float$92.3M as of Jun 30, 20254
  • AuditorM&K CPAS, PLLC, Woodlands, TX PCAOB ID 2738; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceNov 27, 20201
  • Filings410 in all: 8-K (163), 4 (67), CORRESP (21), 3 (20), 10-Q (15), S-1/A (15), UPLOAD (15), 4/A (9)1
    All 41 form types

    424B5 (9), DEF 14C (7), PRE 14C (7), EFFECT (6), 10-K (5), 144 (5), 424B3 (4), DEF 14A (4), S-1 (4), 424B4 (2), 8-K/A (2), DRSLTR (2), NT 10-Q (2), PRER14C (2), S-8 (2), SC 13D (2), SC 13D/A (2), SC 13G (2), SCHEDULE 13D/A (2), 10-K/A (1), 8-A12B (1), CERT (1), D (1), DEFA14A (1), DEL AM (1), DRS (1), DRS/A (1), FWP (1), NT 10-K (1), POS AM (1), PRE 14A (1), S-3 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Apr 16, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Dec 9, 2025
    Latest 8-K (8-K) Oct 8, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, Par Value $0.0001NXXTNasdaq

From the cover page of the 10-K filed Apr 16, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks NEXTNRG, INC. names in Item 1A of its 10-K filed Apr 16, 2026: 34 risks under these headings, as written.4

  • Risks Related to Our Business
  • We will require substantial additional capital to support our operations and growth plans, and such capital may not be available on terms acceptable to us, if at all. This could hamper our growth and adversely affect our business.
  • Uncertain geopolitical conditions and trade policies could adversely affect our results of operations.
  • Changes in U.S. trade policy, including tariffs and export controls, could increase our costs and disrupt our supply chain.
  • Operating and litigation risks may not be covered by insurance.
  • Changes in climate change laws, regulations, and federal energy policy, and the market response to these changes, may negatively impact our operations.
  • Our auditors have included an explanatory paragraph in their opinion regarding our ability to continue as a going concern. If we are unable to continue as a going concern, our securities will have little or no value.
  • The reduction or elimination of federal incentive programs for EV charging and clean energy infrastructure could adversely affect NextNRG’s growth prospects.
  • If we are unable to protect our information technology systems against service interruption, misappropriation of data, or breaches of security resulting from cyber security attacks or other events, or we encounter other unforeseen difficulties in the operation of our information technology systems, our operations could be disrupted, our business and reputation may suffer, and our internal controls could be adversely affected.
  • NextNRG’s smart microgrid and connected charging infrastructure may be vulnerable to cybersecurity threats that could disrupt operations and expose the Company to liability.
  • High fuel prices can lead to customer conservation and attrition, resulting in reduced demand for our product.
  • Low fuel prices may also result in less demand for our product.
The other 23 risks
  • Changes in commodity market prices may have a negative effect on our gross margin.
  • The decline of the retail fuel market may impact our potential to get new customers.
  • Competition in the fuel delivery industry may negatively impact our operations.
  • Our trucks transport hazardous flammable fuel, which may cause environmental damage and liability to us.
  • Our cash flow and net income may decrease if we are forced to comply with new governmental regulation surrounding the transportation of fuel.
  • Our current dependence on only a few fuel suppliers increases our risk of an interruption in fuel supply, impacting our operations.
  • Our profitability is subject to fuel pricing and inventory risk.
  • Loss of a major customer could result in a decrease in our future sales and earnings.
  • We operate in an industry that is often subject to very strict laws, regulations and oversight.
  • NextNRG’s renewable energy business has a very limited operating history, which makes it difficult to evaluate its business and prospects.
  • To date, NextNRG has not achieved profitability, and may never become profitable.
  • The market for NextNRG’s platform and services may not be as large as NextNRG believes it to be.
  • NextNRG has limited experience with respect to determining the optimal prices and pricing structures for its products and services, which may impact its financial results.
  • NextNRG is in a highly competitive EV charging services industry and there can be no assurance that it will be able to compete with many of its competitors which are larger and have greater financial resources.
  • NextNRG’s revenue growth ultimately depends on consumers’ willingness to adopt EVs with wireless charging capabilities in a market which is still in its early stages.
  • Risks Related to Ownership of Our Common Stock
  • Our stock price is expected to fluctuate significantly.
  • A significant percentage of the Company’s common stock is held by a small number of shareholders.
  • Our Amended and Restated Certificate of Incorporation includes an exclusive forum provision that identifies the Court of Chancery of the State of Delaware as the exclusive forum for certain litigation, including any derivative actions, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us, our directors, officers or employees.
  • We have never paid dividends on our capital stock, and we do not anticipate paying any dividends in the foreseeable future. Consequently, any gains from an investment in our common stock will likely depend on whether the price of our common stock increases.
  • If we fail to comply with the continued listing requirements of NASDAQ, we would face possible delisting, which would result in a limited public market for our shares and make obtaining future debt or equity financing more difficult for us.
  • We have elected to take advantage of specified reduced disclosure requirements applicable to an “emerging growth company” under the JOBS Act, the information that we provide to stockholders may be different than they might receive from other public companies.
  • Additional stock offerings in the future may dilute your percentage ownership of our company.
  • The Company is a “controlled company” within the meaning of the applicable rules of Nasdaq and, as a result, we qualify for exemptions from certain corporate governance requirements. If the Company relies on these exemptions, its stockholders will not have the same protections afforded to stockholders of companies that are subject to such requirements.

Legal proceedings

NEXT/INGLE HOLDINGS, LLC, a Delaware limited liability company, and NEXT NRG OPS, LLC, f/k/a NEXTNRG, LLC, a Delaware limited liability company v. GSPP HOLDCO III, LLC, a New York limited liability company and GREEN STREET POWER PARTNERS, LLC, a New York limited liability company, currently pending in the United States District Court Southern District of New York, Case No. 1:25-cv-9836

The opening of Item 3, Legal Proceedings.4

Sources

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