NextNRG Inc.
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NextNRG Inc.’s revenue for fiscal 2025 (year ended December 2025) was $81.8 million, up 194.7% from fiscal 2024. In the quarter to June 2026, revenue grew 40.9%, EPS grew 86.7%, free cash flow fell 328.5% and total debt rose 1,679.9%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
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NextNRG Inc. (NXXT) Piotroski F-score
NextNRG Inc.'s Piotroski F-score for fiscal 2025 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, up from 3 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 4 | 1.00 |
| FY2024 | 3 | (1.00) |
| FY2023 | 4 | 2.00 |
| FY2022 | 2 | (3.00) |
| FY2021 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (516.76%) | (154.15%) | Fail | 0 |
| Positive operating cash flow | (14.50m) | (6.26m) | Fail | 0 |
| Rising return on assets | (516.76%) | (154.15%) | Fail | 0 |
| Cash flow above net income | 71.91m | 15.40m | Pass | 1 |
| Falling long-term leverage | 0.26 | 0.01 | Fail | 0 |
| Rising current ratio | 0.11 | 0.10 | Pass | 1 |
| No new shares issued | 12,211,000 | 358,600 | Fail | 0 |
| Rising gross margin | 8.44% | 6.43% | Pass | 1 |
| Rising asset turnover | 4.89 | 1.98 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| STEM Stem, Inc. compare | 5 |
| PBK PowerBank Corporation compare | 5 |
| NXXT NextNRG Inc. | 4 |
| HTOO Fusion Fuel Green PLC compare | 4 |
| AGIG Abundia Global Impact Group, Inc. compare | 3 |
| WAVE Eco Wave Power Global AB (publ) Unsponsored ADR compare | 2 |
| CREG Smart Powerr Corp. compare | — |
| BESS Bimergen Energy Corporation compare | — |
| VGAS Verde Clean Fuels, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover