NextNRG, Inc. (formerly EzFill Holdings, Inc.) reported significant financial developments in its latest 10-Q filing for the six months ended June 30, 2026. The company generated net sales of $48.8 million, a 35.7% increase from $36.0 million in the same period last year. Despite this revenue growth, NextNRG recorded a net loss of $17.4 million, a notable improvement compared to a net loss of $45.1 million in the prior year. The loss per share for the current period was $0.11, down from $0.39 in the previous year, reflecting a reduction in operational losses.
The company’s total assets increased to $12.4 million as of June 30, 2026, compared to $11.1 million at the end of 2025. This growth was primarily driven by an increase in cash and accounts receivable, which rose to $883,696 and $2.9 million, respectively. However, total liabilities also increased slightly to $33.7 million, up from $33.2 million at the end of the previous fiscal year. The company continues to face a stockholders' deficit of $21.3 million, although this is an improvement from $22.1 million at the end of 2025.
Strategically, NextNRG has been expanding its operations and product offerings. The company is transitioning into renewable energy solutions, focusing on wireless electric vehicle charging technology integrated with battery storage and solar energy solutions. This shift is part of a broader strategy to enhance its mobile fueling services and support customers in their transition to electric vehicles. The company has also been actively increasing its fleet of fuel delivery trucks, which is expected to bolster its market presence.
Operationally, NextNRG has seen an increase in customer engagement, with a significant rise in user statistics. The company reported a customer concentration risk, with one customer accounting for 55.8% of total sales in the first half of 2026, compared to 47.8% in the same period last year. This highlights the company's reliance on key customers, which poses risks to revenue stability. Additionally, the company has been managing its debt effectively, with total notes payable decreasing to $9.3 million from $11.6 million at the end of 2025.
Looking ahead, NextNRG anticipates the need for additional capital to support its growth initiatives and operational needs. The company has acknowledged the challenges it faces in securing funding on favorable terms, which could impact its ability to continue operations. Management's strategic plans include expanding into new markets, obtaining additional financing, and pursuing collaborations or acquisitions to enhance its business model. The company remains focused on leveraging its technological advancements to drive future growth and improve its financial performance.
About NEXTNRG, INC.
NextNRG specializes in integrated renewable energy solutions, including AI-driven microgrids, solar power, battery storage, and wireless EV charging. Its core offerings serve utilities, commercial properties, tribal lands, and underserved communities, enhancing energy resilience, reducing costs, and supporting decarbonization. The company generates revenue through power purchase agreements, hardware sales, licensing, and SaaS services, leveraging patented technologies and strategic partnerships to advance sustainable energy infrastructure.
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