**NextNRG, Inc. Reports Fiscal Year 2025 Results, Cites Strategic Shift and Ongoing Investments**
NextNRG, Inc. (NXXT), formerly EzFill Holdings, Inc., reported its financial results for the fiscal year ended December 31, 2025, showcasing a significant increase in revenue to $81.8 million, a 194.7% surge compared to the $27.8 million reported in the previous fiscal year. This growth was primarily driven by increased fuel delivery volumes and a rise in the average price per gallon, attributed to an expanded customer base and strategic fleet partnerships. However, the company's cost of sales also increased substantially, reaching $74.9 million, reflecting the higher fuel volumes and expanded market coverage.
The company's operating expenses saw a considerable rise, totaling $65.9 million, a 451.2% increase from the previous year's $11.9 million. This increase was partially due to a $8.5 million impairment loss. Depreciation and amortization expenses also increased to $2.7 million. These factors contributed to an operating loss of $70.2 million, significantly higher than the $11.7 million loss in the prior year. Other expenses, primarily interest-related, amounted to $18.0 million, further impacting the company's bottom line.
NextNRG reported a net loss of $88.2 million for fiscal year 2025, a substantial increase from the $21.4 million loss reported in fiscal year 2024. The company's Adjusted EBITDA, a non-GAAP measure, was $17.1 million, compared to $8.9 million in the previous year. The company highlighted its strategic shift towards integrating artificial intelligence and machine learning into renewable energy solutions, including smart microgrids and wireless EV charging, as key areas of focus. Planned smart microgrid deployments are valued at approximately $750 million.
Looking ahead, NextNRG faces the challenge of managing its liquidity and capital resources. The company's auditors have expressed substantial doubt about its ability to continue as a going concern, citing recurring losses and reliance on external financing. As of April 15, 2026, NextNRG had approximately 177 employees. The company is actively pursuing strategies to enhance revenue generation, improve operational efficiencies, and secure additional financing to support its growth initiatives and address its financial challenges.
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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