NextNRG, Inc. (NXXT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the next NRG Inc. fourth quarter and full year 2025 earnings call. All participants are in a listen-only mode. Following management's prepared remarks, we will move to a pre-submitted Q&A. This call is being recorded. Before we begin, I'll turn it over to Sharon Cohen for the required forward-looking statements disclosure. Sharon, please go ahead. Thank you. I'd like to begin by reminding everyone that today's discussion will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks and uncertainties that could cause actual results to differ materially. Please refer to our most recent SEC filings for a full discussion of relevant risk factors. Today's call will also reference adjusted EBITDA, a non-GAAP financial measure. A full reconciliation of this measure to net loss the most comparable GAAP measure, is available in our earnings release, located in the investor tab of our website. Non-GAAP financial measures should not be considered a substitute for GAAP results. On the call today is Michael DeFarkas, founder and chief executive officer, as well as Joel Kleiner, chief financial officer. Michael, the floor is yours. Thank you, Sharon, and good morning, everyone. I want to begin with some numbers that will frame everything you're about to hear. In 2024, Next Energy generated $27.8 million in revenue, while in 2025, we generated $81.8 million. I want to repeat that, $27.8 million to $81.8 million. That is about 195% growth in one single year. Our on-site mobile fueling business was the driver of this growth. Following the completed merger of Next Energy and Easy Fill, we integrated two acquisitions, Shell Tap-Up Assets and Yoshi Mobility...