NextNRG reports 231% revenue growth in June, sixth consecutive record month

MIAMI - NextNRG, Inc. (NASDAQ:NXXT) reported preliminary unaudited revenue of $6.98 million for June 2025, marking a 231% increase year-over-year and 6% growth month-over-month, according to a company press release. InvestingPro data shows analysts expect this growth trajectory to continue, with revenue forecast to grow by 188% in fiscal year 2025.

The AI-driven energy company delivered over 2.04 million gallons of fuel in June, representing a 270% increase compared to the same period last year and a 4% rise from May 2025.

Year-to-date revenue through June reached approximately $35.87 million, already exceeding full-year 2024 revenue by 33%, when the company reported approximately $27 million.

NextNRG currently operates 144 active fuel delivery trucks across six U.S. states and is pursuing expansion into Canada through its pending acquisition of ReFuel Mobile, expected to close by August 1, 2025.

"We’re thrilled to report our sixth consecutive record month," said Michael D. Farkas, Executive Chairman and CEO of NextNRG in the press release. He added that the company is "positioned to achieve $100 million in forward 12-month revenues."

The company attributes its growth to increased adoption from commercial fleets and strategic partnerships in its mobile fueling operations. NextNRG is also preparing to deploy its AI-powered microgrid systems and wireless EV charging products in key markets.

NextNRG’s business model includes mobile fuel delivery, microgrids, wireless EV charging, and AI-driven energy management through its Next Utility Operating System.

The financial results reported are preliminary and unaudited, with final figures to be confirmed upon completion of standard month-end closing procedures.

In other recent news, NextNRG, Inc. announced an at-the-market (ATM) equity sales agreement to raise up to $75 million through the sale of common stock with ThinkEquity LLC, H.C. Wainwright & Co., LLC, and Roth Capital Partners, LLC. This agreement allows the company to sell shares at its discretion and is part of its existing shelf registration statement. Additionally, NextNRG has signed a letter of intent to acquire Canadian mobile fueling company ReFuel Mobile, marking its first international expansion. The acquisition is expected to close by August 1, 2025, and will be paid in cash or restricted common stock.

In another development, NextNRG entered into $3 million loan agreements with two accredited investors, secured by pledging 5,800,000 shares of common stock. ThinkEquity initiated coverage on NextNRG with a Buy rating, highlighting the company’s shift towards distributed energy infrastructure and its expansion in mobile fueling and other energy services. Despite these expansions, NextNRG reported a negative adjusted EBITDA of $3.4 million and a net loss of $8.9 million for Q1 2025. The company also ended the quarter with $2.1 million in cash and a working capital deficit of $24.0 million.

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