Key Metrics

Previous Close: $6.31
52-Week Range: $4.75 – $9.24
Market Cap: $1.72B
P/E (TTM): —
EPS (TTM): -1.36
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: —
PEG Ratio: —
Return on Equity: -15.76%
Return on Assets: -1.23%
Gross Margin: 0.00%
Operating Margin: 0.00%
Profit Margin: 0.00%
Current Ratio: 0.37
Debt/Equity: 3.78
Total Debt: $10.66B
Free Cash Flow: $-4.92B
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $15.17B

NEXT Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$0.00	$0.00	$0.00	$0.00
Cost of Revenue	$162.00K	$6.31M	$12.71M	$12.12M
Gross Profit	-$162.00K	-$6.31M	-$12.71M	-$12.12M
Research & Development	$4.10M	$4.89M	$8.26M	$8.01M
Selling, General & Admin	$50.21M	$111.47M	$150.11M	$202.28M
Operating Expenses	$54.31M	$116.36M	$158.37M	$213.81M
Operating Income	-$54.48M	-$122.67M	-$171.07M	-$225.93M
EBITDA	-$59.15M	-$209.60M	$306.33M	-$327.97M
Pretax Income	-$60.07M	-$221.64M	$277.45M	-$429.64M
Net Income	-$60.07M	-$162.26M	-$61.75M	-$306.43M
Diluted EPS	-0.65	-0.94	-0.24	-1.17
Diluted Shares	130.14M	194.59M	258.54M	262.16M

NEXT Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$62.79M	$38.24M	$148.14M	$143.78M
Current Assets	$63.94M	$314.52M	$412.57M	$718.05M
Total Assets	$312.43M	$3.32B	$6.40B	$12.43B
Current Liabilities	$25.36M	$552.39M	$595.08M	$1.34B
Long-Term Debt	—	$1.82B	$3.92B	$8.51B
Total Debt	$1.56M	$1.97B	$4.07B	$8.66B
Total Liabilities	$258.06M	$2.58B	$4.66B	$10.12B
Retained Earnings	-$230.14M	-$391.77M	-$453.52M	-$759.96M
Shareholders' Equity	$54.37M	$287.92M	$377.64M	$95.34M
Working Capital	$38.58M	-$237.86M	-$182.51M	-$617.98M
Net Debt	—	$1.78B	$3.77B	$8.37B

NEXT Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$40.08M	-$73.62M	-$95.58M	-$169.40M
Capital Expenditure	-$33.75M	-$1.74B	-$2.57B	-$4.85B
Free Cash Flow	-$73.83M	-$1.81B	-$2.66B	-$5.02B
Depreciation & Amortisation	$918.00K	$3.15M	$6.68M	$12.12M
Stock-Based Compensation	$7.47M	$26.55M	$19.91M	$39.21M
Investing Cash Flow	-$40.89M	-$1.75B	-$2.57B	-$4.85B
Financing Cash Flow	$118.20M	$2.06B	$2.77B	$5.34B
Dividends Paid	-$75.00K	-$53.00K	$0.00	$0.00
Net Change in Cash	$37.24M	$231.69M	$98.28M	$314.33M

NEXT Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Cost of Revenue	$3.15M	$393.00K	$2.98M	$3.02M	$3.03M	$7.90M
Gross Profit	-$3.15M	-$393.00K	-$2.98M	-$3.02M	-$3.03M	-$7.90M
Research & Development	$307.00K	$1.25M	$2.88M	$3.57M	$2.14M	$2.85M
Selling, General & Admin	$44.94M	$36.88M	$66.11M	$39.19M	$49.94M	$30.30M
Operating Expenses	$48.77M	$55.88M	$68.99M	$42.76M	$52.08M	$46.67M
Operating Income	-$51.92M	-$56.27M	-$71.96M	-$45.78M	-$55.12M	-$54.57M
EBITDA	-$233.24M	-$51.53M	-$143.16M	$68.84M	-$143.86M	$8.64M
Pretax Income	-$245.23M	-$70.63M	-$184.76M	$70.98M	-$195.04M	-$60.18M
Income Tax	—	$0.00	—	—	—	$0.00
Net Income	-$88.81M	-$60.87M	-$109.48M	-$47.28M	-$136.41M	-$65.43M
Diluted EPS	-0.34	-0.23	-0.42	—	-0.51	-0.25
Diluted Shares	260.40M	260.88M	262.58M	—	264.91M	265.39M

NEXT Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$130.94M	$158.54M	$209.40M	$143.78M	$143.12M	$83.68M
Current Assets	$404.79M	$476.85M	$764.82M	$718.05M	$487.52M	$631.91M
Total Assets	$6.89B	$7.86B	$10.01B	$12.43B	$13.23B	$15.21B
Current Liabilities	$475.68M	$683.88M	$1.19B	$1.34B	$1.21B	$1.69B
Long-Term Debt	$4.55B	$5.17B	$6.61B	$8.51B	$9.36B	$10.02B
Total Debt	$4.70B	$5.32B	$6.76B	$8.66B	$9.47B	$10.54B
Total Liabilities	$5.17B	$6.00B	$8.03B	$10.12B	$10.87B	$12.39B
Retained Earnings	-$542.33M	-$603.20M	-$712.68M	-$759.96M	-$896.36M	-$961.79M
Shareholders' Equity	$302.48M	$260.48M	$154.49M	$95.34M	-$30.71M	-$57.28M
Working Capital	-$70.89M	-$207.04M	-$429.15M	-$617.98M	-$726.84M	-$1.06B
Net Debt	$4.42B	$5.01B	$6.40B	$8.37B	$9.21B	$9.94B

NEXT Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$68.83M	-$3.90M	-$76.02M	-$20.66M	-$110.83M	-$17.18M
Capital Expenditure	-$769.97M	-$731.62M	-$1.36B	-$1.99B	-$1.18B	-$980.68M
Free Cash Flow	-$838.80M	-$735.51M	-$1.43B	-$2.01B	-$1.29B	-$997.86M
Depreciation & Amortisation	$1.70M	$4.46M	$2.97M	$2.99M	$1.47M	$8.42M
Stock-Based Compensation	$6.60M	$7.23M	$13.05M	$12.33M	$5.45M	$5.35M
Investing Cash Flow	-$779.41M	-$751.93M	-$1.35B	-$1.97B	-$1.18B	-$1.03B
Financing Cash Flow	$841.62M	$826.72M	$1.71B	$1.96B	$1.05B	$1.08B
Net Change in Cash	-$6.61M	$70.89M	$287.63M	-$37.59M	-$242.03M	$34.51M

Market Snapshot

About

NextDecade Corporation develops liquefied natural gas export facilities and carbon capture projects in Texas. The company is building the Rio Grande LNG terminal to export U.S. natural gas to global markets while incorporating carbon capture technology to reduce emissions from the liquefaction process.

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Key Metrics

Market Snapshot

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