Key Metrics

Previous Close: $6.72
52-Week Range: $4.75 – $11.27
Market Cap: $1.86B
P/E (TTM): —
EPS (TTM): -1.36
Dividend Yield: —

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: 3.77
Total Debt: $10.63B
Free Cash Flow: $-4.88B
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $15.28B

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
Revenue	$0.00	$0.00	$0.00	$0.00	$0.00
Cost of Revenue	$3.15M	$2.97M	$2.98M	$3.02M	$3.03M
Gross Profit	-$3.15M	-$2.97M	-$2.98M	-$3.02M	-$3.03M
Research & Development	$307.00K	$1.25M	$2.88M	$3.57M	$2.14M
Selling, General & Admin	$44.94M	$52.05M	$66.11M	$39.19M	$49.94M
Operating Expenses	$48.77M	$53.30M	$68.99M	$42.76M	$52.08M
Operating Income	-$51.92M	-$56.27M	-$71.96M	-$45.78M	-$55.12M
EBITDA	-$233.24M	-$37.33M	-$143.16M	$68.84M	-$143.86M
Pretax Income	-$245.23M	-$70.63M	-$184.76M	$70.98M	-$195.04M
Net Income	-$88.81M	-$60.87M	-$109.48M	-$47.28M	-$136.41M
Diluted EPS	-0.34	-0.23	-0.42	—	-0.51
Diluted Shares	260.40M	260.88M	262.58M	—	264.91M

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

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

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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