NextDecade Corporation (NEXT) Stock Analysis
Energy · Oil & Gas Equipment & Services · NasdaqCM
NextDecade Corporation (NEXT) posted $0 in revenue for fiscal 2025, with a net loss of $306.43M, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on NextDecade Corporation
NextDecade Corporation has grown revenue from $0 to $0 over the last 10 fiscal years.
It carries about $8.51B of total debt.
The one thing worth a second look in the filings is share count rising (dilution).
Synthesised from NextDecade Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
NextDecade Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross profit | — | — | — | — | — | — | $-162,000 | $-6.31M | $-12.71M | $-12.12M |
| Net income | $-434,698 | $-35.33M | $-41.96M | $-35.87M | $-14.33M | $-22.04M | $-60.07M | $-162.26M | $-61.75M | $-306.43M |
| Net margin | — | — | — | — | — | — | — | — | — | — |
Source: NextDecade Corporation SEC filings (10-K). 11 years of history available in the interactive view.
NextDecade Corporation: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Share count rising (dilution)Shares outstanding grew 119.2% over 4 years (120.8M → 264.8M) — existing holders' stakes are being diluted.
- Debt with negative operating cash flowCarries $8510.9M of debt while last year's operating cash flow was negative ($-169.4M).
Explore 11 years of NextDecade Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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NextDecade Corporation financial history by metric
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About NextDecade Corporation
NextDecade Corporation, an energy company, engages in the construction and development activities related to the liquefaction of natural gas in the United States. The company constructs and develops natural gas liquefaction and export facilities located in the Rio Grande Valley near Brownsville, Texas; and a carbon capture and storage project at the Rio Grande LNG Facility. It is also involved in the sale of LNG. NextDecade Corporation was founded in 2010 and is based in Houston, Texas.
NextDecade Corporation — frequently asked questions
What is NextDecade Corporation's revenue?
NextDecade Corporation (NEXT) reported revenue of $0 for fiscal year 2025, according to its SEC filings.
Is NextDecade Corporation profitable?
No — NEXT reported a net loss of $-306.43M in fiscal 2025.
What is NEXT's P/E ratio?
NextDecade Corporation trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How much debt does NextDecade Corporation have?
As of fiscal year 2025, NEXT carried roughly $8.51B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is NextDecade Corporation's market cap?
NextDecade Corporation (NEXT) has a market capitalization of about $2.28B, based on the latest data in our nightly-refreshed cache.
When does NextDecade Corporation's fiscal year end?
NEXT's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from NextDecade Corporation's official SEC filings (10-K and 10-Q), covering 11 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.