NextNRG Reports First Quarter 2026 Financial Results

Revenue Increased 29% Year-Over-Year to $21.1 Million While Gross Profit More Than Tripled Interest Expense Declined 80% as Company Advances Microgrid Pipeline and Optimizes Fueling Operations MIAMI, May 15, 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 first quarter ended March 31, 2026. "Our first quarter results reflect disciplined execution across both segments of our business," said Michael D. Farkas, Founder and CEO of NextNRG. "Revenue grew 29% year-over-year, gross profit more than tripled, and we reduced interest expense by 80% compared to the same quarter last year. These results demonstrate the progress we are making in scaling and optimizing our fueling operations while continuing to advance our energy infrastructure pipeline in a fiscally disciplined manner." Mr. Farkas continued, "We remain focused on what matters: growing revenue, improving unit economics, progressing our microgrid pipeline, and managing our cost structure with discipline. We believe this approach positions NextNRG to deliver long-term value as both segments of our business continue to develop." First Quarter 2026 Financial Highlights Metric Q1 2026 Q1 2025 Revenue $21,059,130 $16,272,673 Gross Profit $1,711,710 $517,969 Gross Margin % 8.1% 3.2% Loss from Operations $(10,093,843) $(5,753,872) Net Loss Full story available on Benzinga.com