NextDecade
NEXT
6.66
-0.17
-2.49%
NextDecade
US · NEXT
#2877 by market cap
Listed 1970
6.66
-0.17
-2.49%
Live - 5344 symbols - heartbeat 447s ago
· 2026-10-08 05:26
Pre-market
6.80
+2.13%
After-hours
6.64
-0.30%
Overnight
6.79
+1.95%
- Market cap
- 1.77B
- P/E (TTM)i
- -4.90
- P/Bi
- -30.98
- EPSi
- -1.17
- Div yieldi
- 0.00%
- 52W posi
- 43%
Reader sentiment
Are you bullish or bearish on NEXT?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is -0.10, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Key ratios & quality
- Enterprise valuei
- 10.14B
- Altman Z-Scorei
- -0.10
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | -1.27M | -2.29M | -1.80M | -184.00K | -162.00K | -6.31M | -12.71M | -12.12M |
| Selling & admin expenses | 35.18M | 22.55M | 20.21M | 17.71M | 50.21M | 111.47M | 150.11M | 202.29M |
| Research & development | -- | -- | 0 | 1.62M | 4.10M | 4.89M | 8.26M | 8.01M |
| Operating profit | -43.02M | -35.00M | -22.01M | -19.51M | -54.48M | -122.67M | -171.08M | -225.93M |
| Pretax profit | -41.96M | -35.87M | -14.33M | -22.04M | -60.07M | -221.64M | 277.45M | -429.64M |
| Tax | -- | -- | -- | -- | -- | -- | -- | -- |
| Net profit | -41.96M | -35.87M | -14.33M | -22.04M | -60.07M | -221.64M | 277.45M | -429.64M |
| Basic EPS | 0 | 0 | 0 | 0 | -1 | -1 | 0 | -1 |
| Diluted EPS | -0.41 | -0.45 | -0.24 | -0.34 | -0.65 | -0.94 | -0.24 | -1.17 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross profit | -3.15M | -393.00K | -2.98M | -3.03M | -3.03M | -7.90M |
| Selling & admin expenses | 44.94M | 36.88M | 66.11M | 39.19M | 49.94M | 30.30M |
| Research & development | 307.00K | 1.25M | 2.88M | 3.57M | 2.14M | 2.85M |
| Operating profit | -51.92M | -56.27M | -71.96M | -45.78M | -55.12M | -54.57M |
| Pretax profit | -245.23M | -70.63M | -184.76M | 70.98M | -195.04M | -60.18M |
| Tax | -- | 0 | -- | -- | -- | 0 |
| Net profit | -245.23M | -70.63M | -184.76M | 70.98M | -195.04M | -60.18M |
| Basic EPS | 0 | 0 | 0 | 0 | -1 | 0 |
| Diluted EPS | -0.34 | -0.23 | -0.42 | -0.18 | -0.51 | -0.25 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 76.93M | 78.80M | 23.28M | 26.39M | 63.94M | 314.53M | 412.57M | 718.05M |
| Cash & ST investments | 75.62M | 77.94M | 22.61M | 25.55M | 62.79M | 38.24M | 148.14M | 143.78M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 169.00M | 221.20M | 201.67M | 222.11M | 312.43M | 3.32B | 6.40B | 12.43B |
| Total current liabilities | 12.09M | 21.54M | 5.14M | 8.23M | 25.36M | 552.39M | 595.08M | 1.34B |
| Short-term debt | -- | 698.00K | 432.00K | 596.00K | 1.09M | 3.14M | 2.88M | 3.88M |
| Long-term debt | -- | -- | -- | -- | -- | 1.82B | 3.92B | 8.51B |
| Total liabilities | 85,781,000.00 | 131,478,000.00 | 141,236,000.00 | 202,213,000.00 | 258,059,000.00 | 2,583,367,000.00 | 4,659,673,000.00 | 10,124,741,000.00 |
| Total equity | 83.22M | 89.72M | 60.43M | 19.89M | 54.37M | 740.43M | 1.74B | 2.30B |
| Retained earnings | -97.62M | -133.70M | -148.03M | -170.07M | -230.14M | -391.77M | -453.52M | -759.96M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 404.79M | 476.85M | 764.82M | 718.05M | 487.52M | 631.91M |
| Cash & ST investments | 130.94M | 158.54M | 209.40M | 143.78M | 143.12M | 83.68M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 6.89B | 7.86B | 10.01B | 12.43B | 13.23B | 15.21B |
| Total current liabilities | 475.68M | 683.88M | 1.19B | 1.34B | 1.21B | 1.69B |
| Short-term debt | 2.85M | 3.00M | 3.30M | 3.88M | 1.29M | 1.63M |
| Long-term debt | 4.55B | 5.17B | 6.61B | 8.51B | 9.36B | 10.02B |
| Total liabilities | 5,170,132,000.00 | 5,999,326,000.00 | 8,032,472,000.00 | 10,124,741,000.00 | 10,871,596,000.00 | 12,388,619,000.00 |
| Total equity | 1.72B | 1.87B | 1.98B | 2.30B | 2.36B | 2.82B |
| Retained earnings | -542.33M | -603.20M | -712.68M | -759.96M | -896.36M | -961.79M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -23.29M | -40.70M | -26.25M | -17.96M | -40.08M | -73.62M | -95.59M | -169.40M |
| Depreciation & amortization | 171.00K | 1.21M | 1.43M | 735.00K | 918.00K | 3.15M | 6.68M | 12.12M |
| Free cash flow | -41.94M | -61.00M | -58.61M | -30.07M | -73.83M | -1.81B | -2.66B | -5.02B |
| Dividends paid | -4.00K | -42.00K | -50.00K | -67.00K | -75.00K | -53.00K | 0 | 0 |
| Stock buybacks / issuance | 79.06M | 70.95M | 0 | 557.00K | 115.00M | 254.40M | 0 | 0 |
| Ending cash balance | 3.17M | 15.74M | 22.61M | 25.55M | 62.79M | 294.48M | 392.76M | 707.09M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -68.83M | -3.90M | -76.02M | -20.66M | -110.83M | -17.18M |
| Depreciation & amortization | 1.70M | 4.47M | 2.97M | 2.99M | 1.47M | 8.42M |
| Free cash flow | -838.80M | -735.52M | -1.43B | -2.01B | -1.29B | -997.86M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 215.00M | 197.67M | -- | -- | 248.67M | 511.29M |
| Ending cash balance | 386.15M | 457.04M | 744.67M | 707.09M | 465.06M | 499.57M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -46.70 | -56.15 | -38.34 | -100.58 | -227.17 | -106.78 | -18.56 | -129.58 |
| ROA %i | -30.52 | -24.89 | -13.61 | -19.06 | -31.56 | -10.05 | -1.27 | -3.25 |
| ROIC %i | -47.80 | -57.67 | -38.37 | -99.32 | -219.44 | -15.06 | -1.18 | -3.29 |
| 5-year avg ROE %i | -- | -27.28 | -34.85 | -54.89 | -93.79 | -105.80 | -98.29 | -116.53 |
| EBIT margin %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Current ratioi | 6.36 | 3.66 | 4.53 | 3.21 | 2.52 | 0.57 | 0.69 | 0.54 |
| Quick ratioi | 6.25 | 3.62 | 4.40 | 3.11 | 2.48 | 0.07 | 0.25 | 0.11 |
| Debt / assetsi | 0.00 | 0.32 | 0.21 | 0.27 | 0.50 | 59.13 | 63.51 | 69.67 |
| LT debt / equityi | -- | 0.00 | -- | -- | 0.86 | 681.52 | 1,076.31 | 9,076.33 |
| Interest coveragei | -- | -- | -- | -- | -- | -23.92 | 13.50 | -3.80 |
| Revenue CAGR (3Y) %i | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -43.50 | -46.38 | -46.94 | -129.58 | -260.54 | -352.95 |
| ROA %i | -3.23 | -3.28 | -2.56 | -3.25 | -3.52 | -3.11 |
| ROIC %i | -3.86 | -3.93 | -2.61 | -3.29 | -3.12 | -2.29 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -- | -- | -- | -- | -- | -- |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 0.85 | 0.70 | 0.64 | 0.54 | 0.40 | 0.37 |
| Quick ratioi | 0.28 | 0.23 | 0.18 | 0.11 | 0.12 | 0.05 |
| Debt / assetsi | 68.12 | 67.60 | 67.50 | 69.67 | 71.60 | 69.30 |
| LT debt / equityi | 1,551.51 | 2,039.99 | 4,371.10 | 9,076.33 | -- | -- |
| Interest coveragei | -5.60 | -7.51 | 0.61 | -3.80 | -1.94 | -1.11 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Quote time 2026-10-08 05:26:40 · For reference only, not investment advice and not tailored to your situation.