Form 8-K
8-K — NEXTNRG, INC.
Accession: 0001493152-26-037830
Filed: 2026-08-13
Period: 2026-08-13
CIK: 0001817004
SIC: 5500 (RETAIL-AUTO DEALERS & GASOLINE STATIONS)
Item: Results of Operations and Financial Condition
Item: Financial Statements and Exhibits
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C., 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 13, 2026
NEXTNRG,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
001-40809
83-4260623
(State
or other jurisdiction
of
incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
407
Lincoln Rd. #9F, Miami Beach, Florida 33139
(Address
of principal executive offices, including Zip Code)
(305)
791-1169
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock, $0.0001 par value per share
NXXT
Nasdaq
Capital Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
2.02. Results of Operations and Financial Condition.
On
August 13, 2026,
NextNRG, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2026.
A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The
information included in this Item 2.02, including Exhibit 99.1 hereto, shall not be deemed to be “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities
of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended,
or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
No.
Description
99.1
Press
release of the registrant issued on August 13, 2026.
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NextNRG,
Inc.
Date:
August 13, 2026
By:
/s/
Michael Farkas
Name:
Michael
Farkas
Title:
Chief
Executive Officer
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit
99.1
NextNRG
Reports Second Quarter 2026 Financial Results
Revenue
Increased 41% Year-Over-Year to $27.7 Million as Net Loss is Down 82% and Adjusted EBITDA Loss Narrows 62%
MIAMI,
August 13, 2026 (GLOBE NEWSWIRE) — NextNRG, Inc. (NASDAQ: NXXT) (“NextNRG” or the “Company”), a pioneer
in AI-driven energy innovation transforming how energy is produced, managed, and delivered, today announced financial results for the
second quarter ended June 30, 2026.
“Our
second quarter results reflect disciplined execution across our business,” said Michael D. Farkas, Founder and CEO of NextNRG.
“Revenue grew 41% year-over-year, and net loss decreased 82%. Adjusted EBITDA loss, the metric we believe best reflects the underlying
operating performance of the business, narrowed by 62% compared to the same quarter last year. These results demonstrate our ability
to grow our fueling business while continuing to build out our broader energy project pipeline with disciplined capital allocation.”
Mr.
Farkas continued, “We also made real progress cleaning up our balance sheet this quarter. Interest expense declined 38% year-over-year,
and we closed a $6.4 million private placement, strengthening our financial position going forward. We’re going to continue running
this business with that same discipline.”
Second
Quarter 2026 Financial Highlights
Metric
Q2 2026
Q2 2025
% Change
Revenue
$ 27,747,948
$ 19,691,568
40.9% ↑
Gross Profit
$ 1,955,638
$ 1,569,816
24.6% ↑
Loss from Operations
$ (4,427,212 )
$ (30,765,704 )
85.6% ↓
Net Loss
$ (6,624,702 )
$ (36,133,275 )
81.7% ↓
Interest Expense
$ 2,678,729
$ 4,319,031
38.0% ↓
Adjusted EBITDA (1)
$ (2,213,843 )
$ (5,759,395 )
61.6% ↓
(1)
Adjusted EBITDA is a non-GAAP financial measure. See reconciliation and Non-GAAP Financial Measures disclosure below.
Second
Quarter 2026 Financial Results
Revenue
for the three months ended June 30, 2026 was $27,747,948, compared to $19,691,568 for the second quarter of 2025, representing growth
of 41% year-over-year. Revenue growth was driven by continued expansion of the Company’s mobile fueling operations, including growth
in fuel volumes delivered and continued geographic expansion.
Gross
profit increased to $1,955,638, compared to $1,569,816 in the second quarter of 2025.
Loss
from operations was $4,427,212 for the second quarter of 2026, compared to $30,765,704 for the second quarter of 2025. Operating expenses
were $6,047,468 for the second quarter of 2026, compared to $31,779,768 for the second quarter of 2025, a decline of approximately 81%.
The decrease was primarily driven by a $24,102,349 reduction in stock-based compensation expense, following the one-time share issuance
recorded in the prior-year period. Operating leverage improved year-over-year, as revenue grew more than 40% while operating expenses
declined over the same period.
Net
loss was $6,624,702 for the second quarter of 2026, compared to $36,133,275 for the second quarter of 2025, a reduction of approximately
82%. Net loss available to common stockholders was $6,730,789 after preferred stock dividends, compared to $36,274,204 for the second
quarter of 2025. Diluted loss per share improved to $(0.04) for the second quarter of 2026, compared to $(0.30) for the second quarter
of 2025.
Interest
expense was $2,678,729 for the second quarter of 2026, compared to $4,319,031 for the second quarter of 2025, representing a 38% reduction
year-over-year and reflecting the Company’s continued efforts to simplify its capital structure.
During
the quarter, the Company also strengthened its balance sheet through the completion of a $6.4 million private placement, providing additional
capital to support continued execution of its fueling operations and its broader energy project pipeline.
Adjusted
EBITDA
The
following table presents a reconciliation of net loss to Adjusted EBITDA for the three months ended June 30, 2026 and 2025:
Net Loss to Adjusted EBITDA Reconciliation
Q2 2026
Q2 2025
% Change
Net loss
$ (6,624,702 )
$ (36,133,275 )
81.7% ↓
Add: Interest expense
2,678,729
4,319,031
38.0% ↓
Add: Depreciation and amortization
335,382
555,752
39.7% ↓
Add: Stock-based compensation
1,396,748
25,499,097
94.5% ↓
Adjusted EBITDA
$ (2,213,843 )
$ (5,759,395 )
61.6% ↓
Adjusted
EBITDA loss was $2,213,843 for the second quarter of 2026, compared to $5,759,395 for the second quarter of 2025, an improvement of approximately
62%. The improvement year-over-year reflects the significant reduction in stock-based compensation, consistent with the one-time nature
of the prior-year expense, along with lower interest expense.
Balance
Sheet and Liquidity
As
of June 30, 2026, the Company had:
● Cash
and cash equivalents of $883,696, compared to $2,652,838 and $384,140 at June 30, 2025, and
December 31, 2025, respectively
● Total
assets of $12,351,220, compared to $11,063,353 at December 31, 2025
● Accounts
receivable of $2,913,281, compared to $2,039,214 at December 31, 2025
Management
continues to evaluate multiple financing and strategic initiatives intended to support working capital requirements, operational growth,
and expansion of the Company’s AI-powered smart controller deployments.
Looking
Ahead: Scaling the Integrated Energy Platform
Looking
ahead, NextNRG remains focused on converting its growing energy infrastructure pipeline into long-term recurring revenue while continuing
to expand and optimize its mobile fueling platform.
NextNRG’s
three business lines are connected by a single dynamic. Mobile fueling customers are continuously working to electrify their fleets,
and electrification creates two problems: the cost of energy and the availability of energy. The Company’s AI-driven smart controller
deployed in microgrids solves both. In the other direction, the commercial and industrial sites that deploy our controller in microgrids
are frequently the same fleet operators the Company already fuels.
● AI-Driven
Smart Microgrid Controller: The Company continues to advance its microgrid pipeline across
commercial, healthcare, municipal, industrial and federal markets. Signed California power
purchase agreements are moving forward into their next development steps.
● EV
Charging: NextNRG continues to expand its commercial EV charging business through the
sale and deployment of standard wired charging solutions while advancing its proprietary
wireless charging technology toward commercialization.
● Mobile
Fueling Logistics: The Company continues to scale and optimize national fueling operations,
with a focus on route efficiency, fleet utilization, and disciplined cost management.
Non-GAAP
Financial Measures
Adjusted
EBITDA is a non-GAAP financial measure. Adjusted EBITDA should not be considered a substitute for measures prepared in accordance with
accounting principles generally accepted in the United States (“GAAP”), nor should it be viewed as a substitute for operating
results determined in accordance with GAAP. We believe that the presentation of Adjusted EBITDA, which excludes the impact of net interest
expense, taxes, depreciation, amortization, and stock-based compensation expense, provides useful supplemental information that is essential
to a proper understanding of our financial results. Non-GAAP measures are not formally defined by GAAP, and other entities may use calculation
methods that differ from ours for the purposes of calculating Adjusted EBITDA. As a complement to GAAP financial measures, we believe
that Adjusted EBITDA assists investors who follow the practice of some investment analysts who adjust GAAP financial measures to exclude
items that may obscure underlying performance and distort comparability. See the reconciliation of net loss to Adjusted EBITDA above.
About
NextNRG, Inc.
NextNRG,
Inc. (NextNRG) is Powering What’s Next by deploying its AI-driven Smart Controller, a proprietary AI technology that
continuously optimizes how energy is generated, stored, and consumed. The Company deploys the controller within microgrids at
commercial, healthcare, municipal, industrial and federal sites, and at a utility scale through the Next Utility Operating System.
NextNRG also sells EV chargers, is advancing wireless in-motion charging, and operates one of the nation’s largest on-demand
mobile fueling fleets. To learn more, visit www.nextnrg.com.
Forward-Looking
Statements
This
press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section
21E of the Securities Exchange Act of 1934, as amended, or the Private Securities Litigation Reform Act of 1995. Any statement describing
NextNRG’s goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should
be considered an at-risk statement. Words such as “expect,” “intends,” “will,” and similar expressions
are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not
limited to, those related to NextNRG’s business and macroeconomic and geopolitical events. These and other risks are described
in NextNRG’s filings with the Securities and Exchange Commission from time to time. NextNRG’s forward-looking statements
involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed
or implied by such forward-looking statements. Although NextNRG’s forward-looking statements reflect the good faith judgment of
its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes
no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking
statements. The contents of any website referenced in this press release are not incorporated by reference herein.
Investor
Relations Contact
NextNRG, Inc.
Sharon Cohen
SCohen@nextnrg.com
Media
Contact
HCM for NextNRG
nextnrg@hannahcranstonmedia.com
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