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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): November 17, 2025
NEXTNRG, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 001-40809 | 84-4260623 | ||
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
67 NW 183rd Street, Miami, Florida 33169
(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 November 17, 2025, NextNRG, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2025. A copy of this press release is furnished as Exhibit 99.1 to this Current Report.
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 (the “Securities Act”), 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 dated November 17, 2025. |
|
| 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: November 17, 2025 | By: | /s/ Michael Farkas |
| Name: | Michael Farkas | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
NextNRG Reports Q3 2025 Revenues Up 232% Year-Over-Year
Record Financial Performance Highlights Expansion of Integrated Energy Platform Across New Markets
Operational Execution Drives Gross Profit Margins to 11%
MIAMI, November 17, 2025 (GLOBE NEWSWIRE) — NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, stored, and delivered, today announced financial results for the third quarter ended September 30, 2025, reflecting the company’s strongest financial performance to date and continued momentum in scaling its multi-revenue energy platform.
Selected Financial & Operational Highlights
| Metric | Q3 2025 (unaudited) |
Q3 2024 (unaudited) |
||||||
| Revenue | $ | 22.9 | M | $ | 6.9 | M | ||
| Gross Profit | $ | 2.4 | M | $ | 0.6 | M | ||
| Stock Based Compensation | $ | (5.6 | )M | $ | (0.02 | )M | ||
| Loss from Operations | $ | (9 | )M | $ | (2.9 | )M | ||
| Net Loss | $ | (14.9 | )M | $ | (10.6 | )M | ||
“Our third quarter performance reflects disciplined execution across all fronts and strong market validation for our integrated energy solutions,” said Michael D. Farkas, Executive Chairman and CEO of NextNRG. “With 232% year-over-year revenue growth, margin expansion, and continued traction in our energy infrastructure initiatives, we are demonstrating the strength of our strategy and building the foundation for sustainable long-term growth. Although the quarter’s net loss included non-cash items tied to scaling the business, these investments are enabling the capabilities and market reach that will drive future profitability.”
Q3 2025 Strategic and Operational Highlights
Mobile Fueling Market Expansion:
NextNRG’s mobile refueling division delivered its highest revenues and margins to date— marking the strongest financial performance in the company’s history. The platform continued its expansion into new markets, increasing operational density around anchor customers, optimizing routes, and driving recurring revenue with growing customer engagement. Volume-based supplier discounts further expanded profit margins from 8% to 11%, driving a 232% year-over-year increase in revenue.
Commercial & Healthcare Microgrid Growth:
NextNRG continues to advance its AI-driven smart microgrid projects, with a focus on high-demand sectors such as healthcare, assisted living, and large-scale commercial facilities. These systems ensure facilities remain efficient, compliant, and operational around the clock while generating cost savings. The company is seeing increasing inbound interest from commercial and municipal customers seeking to integrate generation, storage, wireless EV charging, and mobile fueling into a single intelligent platform.
Wireless Charging & AI Grid Integration:
NextNRG advanced development and deployment readiness for its bidirectional wireless EV charging initiative. While still in planning and design, the groundwork now positions the company to showcase its first demonstration of this innovative technology.
Financial Performance Highlights:
| ● | Revenue for Q3 2025 reached $22.9 million, up 232% compared to $6.9 million in Q3 2024, and up from $19.7 million in Q2 2025. |
| ● | Gross profit increased to $2.4 million, with margins expanding from 8% in Q2 2025 to 11% in Q3 2025. |
| ● | Reported a Q3 2025 net loss of approximately $14.9 million, largely driven by non-cash stock-based compensation and growth-related investments that strengthen the company’s long-term operating capacity. |
Looking Ahead: Scaling the Integrated Energy Platform
NextNRG is executing on an expanding pipeline of projects that demonstrate the real-world application of its end-to-end energy platform — spanning mobile fueling, Smart Microgrids, predictive analytics, and wireless EV charging. The company remains focused on operational execution, expanding its footprint in high-demand sectors, and driving efficiency and resiliency for customers across healthcare, commercial, and municipal markets.
“We are entering an exciting phase where our technology, infrastructure, and operational expertise converge,” added Farkas. “Our fully connected energy ecosystem continues to deliver measurable results, positioning NextNRG to lead the transition to intelligent, distributed power.”
About NextNRG, Inc.
NextNRG Inc. (NextNRG) is Powering What’s Next by integrating artificial intelligence (AI) and machine learning (ML) into utility infrastructure, battery storage, wireless EV in-motion charging, renewable energy and mobile fuel delivery, to create a unified platform for modern energy management.
At the core of its strategy is the Next Utility Operating System®, which uses AI to optimize both new and existing infrastructure across microgrids, utilities, and fleet operations. NextNRG’s smart microgrids serve commercial, healthcare, educational, tribal, and government sites delivering cost savings, reliability, and decarbonization. The company also operates one of the nation’s largest on-demand fueling fleets and is advancing wireless charging to support fleet electrification.
To learn more, visit www.nextnrg.com.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of 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.
Investor Relations Contact
NextNRG, Inc.
Sharon Cohen
SCohen@nextnrg.com