NextNRG Inc. (NXXT) Balance Sheet
NXXT balance sheet, 2025
December 31, 2025 · U.S. dollars$11.1M assets = $33.2M liabilities + −$22.1M equity
Liabilities exceed assets: shareholders’ equity is negative (−$22.1M).
Both columns are drawn to the same scale: what NXXT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NXXT financial health
Descriptive bands, not a rating. Fiscal 2025.
NXXT balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.2M2019 | $11.1M2025 | +44.8%/yr | |
| Total liabilities | $760,9592019 | $33.2M2025 | +87.6%/yr | |
| Shareholders’ equity | $437,4622019 | −$19.7M2025 | — | |
| Cash & short-term investments | $32,0922019 | $384,1402025 | +51.2%/yr | |
| Total debt | $631,8922019 | $26.5M2025 | +86.4%/yr | |
| Net cash (debt) | −$599,8002019 | −$26.1M2025 | −$25.5M | |
| Working capital | −$208,4672019 | −$25.1M2025 | −$24.9M | |
| Current ratio | 0.372019 | 0.112025 | −0.26 | |
| Debt / equity | 1.442019 | 3.812024 | +2.36 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NXXT assets
NXXT liabilities and equity
NXXT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NXXT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $384,140 | $438,299 | $226,985 | $4.2M | $16.9M | $882,870 | $32,092 |
| Cash & equivalents | $384,140 | $438,299 | $226,985 | $2.1M | $13.6M | $882,870 | $32,092 |
| Short-term investments | — | $438.30B | — | $2.1M | $3.4M | — | — |
| Receivables | $2.0M | $1.6M | $1.2M | $766,692 | $100,194 | $193,640 | $25,514 |
| Inventory | $609,861 | $126,400 | $134,057 | $151,248 | $46,343 | $41,055 | $36,605 |
| Other current assets | $152,832 | $59,659 | $220,909 | $329,351 | $186,349 | $160,078 | $30,230 |
| Total current assets | $3.2M | $2.2M | $1.8M | $5.4M | $17.3M | $1.3M | $124,441 |
| Property, plant & equipment (net) | $7.7M | $8.2M | $3.9M | $5.1M | $2.3M | $428,567 | $336,297 |
| Goodwill & intangible assets | $0 | $5.1M | $0 | $0 | $3.3M | $1.1M | $737,683 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $226,865 | $0 | $49,063 | $52,737 | $43,456 | $0 | $0 |
| Total assets | $11.1M | $12.2M | $5.7M | $10.6M | $22.9M | $2.8M | $1.2M |
| Liabilities | |||||||
| Accounts payable | $4.7M | $1.5M | $845,275 | $987,012 | $491,598 | $215,599 | $59,420 |
| Short-term debt | $21.6M | $7.8M | $6.1M | $2.0M | $178,871 | $999,067 | $203,841 |
| Deferred revenue | — | — | −$72,441 | — | — | — | — |
| Total current liabilities | $28.3M | $9.7M | $7.0M | $3.3M | $758,236 | $3.7M | $332,908 |
| Long-term debt | $4.4M | $151,907 | $353,490 | $0 | $0 | $0 | $0 |
| Lease obligations | $823,424 | $385,021 | $604,002 | — | — | — | — |
| Other long-term liabilities | $487,154 | $212,093 | $285,088 | $1.5M | $297,435 | $551,024 | $428,051 |
| Total liabilities | $33.2M | $10.0M | $7.6M | $4.8M | $1.1M | $4.3M | $760,959 |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $14,240 | $258,271 | $477 | $2,669 | $2,624 | $6,473 | $3,147 |
| Retained earnings (deficit) | −$153.9M | −$61.8M | −$45.3M | −$34.8M | −$17.3M | −$8.0M | −$701,994 |
| Accumulated other comprehensive income | — | — | — | −$44,590 | −$5,073 | $0 | — |
| Minority interest | −$2.4M | $0 | — | — | — | — | — |
| Total shareholders' equity | −$19.7M | $2.2M | −$1.9M | $5.8M | $21.8M | −$1.5M | $437,462 |
| Key figures | |||||||
| Total debt | $26.5M | $8.2M | $6.7M | $3.6M | $476,307 | $1.6M | $631,892 |
| Net cash (debt) | −$26.1M | −$7.8M | −$6.5M | $630,957 | $16.4M | −$667,221 | −$599,800 |
| Working capital | −$25.1M | −$7.4M | −$5.2M | $2.1M | $16.5M | −$2.5M | −$208,467 |
| Tangible book value | −$19.7M | −$2.9M | −$1.9M | $5.8M | $18.5M | −$2.6M | −$300,221 |
| Book value per share | −$1.61 | — | — | — | — | — | — |
| Shares outstanding | 12.2M | — | — | — | — | — | — |
| Current ratio | 0.11 | 0.23 | 0.25 | 1.65 | 22.76 | 0.34 | 0.37 |
| Quick ratio | 0.09 | 0.21 | 0.20 | 1.50 | 22.45 | 0.29 | 0.17 |
| Debt / equity | — | 3.81 | — | 0.61 | 0.02 | — | 1.44 |
| Equity / assets | −177.9% | 17.7% | −33.3% | 54.6% | 95.1% | −52.8% | 36.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $883,696 | $208,048 | $384,140 | $653,869 | $2.7M | $2.1M | $438,299 | $828,185 | $306,811 | $48,613 | $226,985 | $405,230 |
| Cash & equivalents | $883,696 | $208,048 | $384,140 | $653,869 | $2.7M | $2.1M | $438,299 | $828,185 | $306,811 | $48,613 | $226,985 | $405,230 |
| Short-term investments | — | — | — | — | — | — | $438.30B | $14.1M | — | — | — | — |
| Receivables | $2.9M | $2.9M | $2.0M | $2.7M | $3.0M | $3.9M | $1.6M | $1.6M | $1.7M | $1.5M | $1.2M | $1.3M |
| Inventory | $756,902 | $839,106 | $609,861 | $340,018 | $227,070 | $221,113 | $126,400 | $102,685 | $103,490 | $153,964 | $134,057 | $183,271 |
| Other current assets | $1.1M | $1.6M | $152,831 | $894,380 | $2.3M | $718,226 | $59,659 | $192,474 | $199,848 | $508,198 | $220,909 | $357,929 |
| Total current assets | $5.7M | $5.5M | $3.2M | $4.6M | $8.2M | $7.0M | $2.2M | $2.7M | $2.3M | $2.2M | $1.8M | $2.3M |
| Property, plant & equipment (net) | $6.0M | $6.5M | $7.7M | $6.4M | $8.6M | $10.2M | $8.2M | $2.9M | $3.2M | $3.6M | $3.9M | $4.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $4.7M | $4.8M | $4.9M | $5.1M | $5.2M | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $612,549 | $226,865 | $226,865 | $3.9M | $3.9M | $3.9M | $0 | $0 | $49,063 | $49,063 | $49,063 | $53,017 |
| Total assets | $12.4M | $12.3M | $11.1M | $19.6M | $25.5M | $26.0M | $12.2M | $5.6M | $5.5M | $5.8M | $5.7M | $6.4M |
| Liabilities | ||||||||||||
| Accounts payable | $9.3M | $6.7M | $4.7M | $3.4M | $3.9M | $2.3M | $1.5M | $881,827 | $1.2M | $1.2M | $845,275 | $1.1M |
| Short-term debt | $21.3M | $21.9M | — | $24.7M | $40.9M | $26.3M | $7.8M | $425,442 | $8.4M | $7.2M | $6.1M | $4.2M |
| Total current liabilities | $31.3M | $30.5M | $28.3M | $34.6M | $38.0M | $31.0M | $9.7M | $1.4M | $9.8M | $8.6M | $7.0M | $5.4M |
| Long-term debt | $0 | $17,429 | $4.4M | $56,335 | $117,513 | $68,133 | $151,907 | $0 | $0 | $0 | $353,490 | $0 |
| Lease obligations | $3.8M | $4.1M | $823,424 | $3.6M | $1.8M | $945,741 | $385,021 | — | — | — | $604,002 | — |
| Other long-term liabilities | $2.4M | $3.7M | $487,154 | $2.3M | $1.4M | $664,773 | $212,093 | $670,535 | $544,898 | $570,873 | $285,088 | $882,428 |
| Total liabilities | $33.7M | $34.3M | $33.2M | $36.9M | $39.3M | $31.7M | $10.0M | $2.1M | $10.4M | $9.2M | $7.6M | $6.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $16,783 | $15,656 | — | $12,808 | $12,202 | $11,224 | $258,271 | $621 | $240 | $496 | $191 | $396 |
| Retained earnings (deficit) | −$171.5M | −$164.7M | −$153.9M | −$127.2M | −$112.8M | −$76.5M | −$61.8M | −$58.7M | −$50.6M | −$47.2M | −$45.3M | −$41.9M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $24 | $26 | — | — |
| Minority interest | −$2.5M | −$2.5M | −$2.4M | −$928,386 | −$182,974 | — | — | — | — | — | — | — |
| Total shareholders' equity | −$18.8M | −$19.6M | −$19.7M | −$16.3M | −$13.6M | −$5.6M | $2.2M | $3.6M | −$4.8M | −$3.3M | −$1.9M | $137,506 |
| Key figures | ||||||||||||
| Total debt | $23.7M | $25.7M | $4.4M | $27.0M | $42.3M | $27.1M | $8.2M | $1.1M | $8.9M | $7.8M | $6.7M | $5.1M |
| Net cash (debt) | −$22.8M | −$25.5M | −$4.0M | −$26.3M | −$39.7M | −$25.0M | −$7.8M | −$267,792 | −$8.6M | −$7.8M | −$6.5M | −$4.7M |
| Working capital | −$25.6M | −$25.0M | −$25.1M | −$30.0M | −$29.8M | −$24.0M | −$7.4M | $1.3M | −$7.5M | −$6.3M | −$5.2M | −$3.1M |
| Tangible book value | −$18.8M | −$19.6M | −$19.7M | −$21.1M | −$18.5M | −$10.5M | −$2.9M | −$1.6M | −$4.8M | −$3.3M | −$1.9M | $137,506 |
| Book value per share | −$1.17 | −$1.31 | — | −$1.31 | −$1.15 | — | — | — | — | — | — | — |
| Shares outstanding | 16.2M | 14.9M | — | 12.5M | 11.9M | — | — | — | — | — | — | — |
| Current ratio | 0.18 | 0.18 | 0.11 | 0.13 | 0.22 | 0.22 | 0.23 | 1.94 | 0.23 | 0.26 | 0.25 | 0.42 |
| Quick ratio | 0.12 | 0.10 | 0.09 | 0.10 | 0.15 | 0.19 | 0.21 | 1.72 | 0.20 | 0.18 | 0.20 | 0.32 |
| Debt / equity | — | — | — | — | — | — | 3.81 | 0.31 | — | — | — | 36.98 |
| Equity / assets | −152.4% | −159.6% | −177.9% | −83.2% | −53.5% | −21.4% | 17.7% | 63.3% | −87.2% | −56.6% | −33.3% | 2.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 16, 2026); data from EODHD.
NXXT financial position
At the end of fiscal 2025 (December 31, 2025), NextNRG had total assets of $11.1 million (down 9.1% from a year earlier), total liabilities of $33.2 million and shareholders' equity of -$19.7 million. It held $0.4 million in cash and short-term investments against $26.5 million of debt, net debt of $26.1 million. Its current ratio was 0.11. In the latest quarter (ended June 30, 2026) total assets were $12.4 million and equity -$18.8 million.
Related: NXXT income statement, NXXT cash flow statement, NXXT key metrics. See the NXXT stock overview for the latest quote and news.
NXXT balance sheet FAQ
What are NextNRG's total assets?
NextNRG reported total assets of $11.1 million at the end of fiscal 2025 (December 31, 2025), compared with $12.2 million a year earlier.
How much debt does NextNRG have?
NextNRG had $26.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does NextNRG have?
NextNRG held $0.4 million in cash and short-term investments at the end of fiscal 2025; with $26.5 million of debt that is net debt of $26.1 million.
What is NextNRG's book value?
NextNRG's shareholders' equity (book value) was -$19.7 million at the end of fiscal 2025, or −$1.61 per share.
What is NextNRG's current ratio?
NextNRG had current assets of $3.2 million and current liabilities of $28.3 million, a current ratio of 0.11 (current liabilities exceed current assets).