NASDAQ : NEXT
NextDecade Corporation — Financial statements
Energy · Oil & Gas Equipment & Services · United States
Last price 7.26 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.93B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Selling, General & Admin | 194.19M | 202.28M | 150.11M | 111.47M | 50.21M | 17.71M |
| Research & Development | 10.72M | 8.01M | 8.26M | 4.89M | 4.10M | 1.61M |
| Other Operating Expenses | 3.52M | |||||
| Operating Expenses | 242.45M | 225.93M | 171.07M | 122.67M | 54.48M | 19.51M |
| Operating Income | -242.45M | -225.93M | -171.07M | -122.67M | -54.48M | -19.51M |
| Interest Expense | -310.18M | -170.01M | -87.54M | -50.28M | ||
| Other Non Operating Income (Expenses) | 1.13B | -3.56M | 585.38M | -39.16M | -5.60M | -2.53M |
| EBT Excluding Unusual Items | 579.54M | -399.50M | 326.76M | -212.11M | -60.07M | -22.04M |
| Other Unusual Items | -189.94M | -30.14M | -49.31M | -9.53M | ||
| Pretax Income | 389.61M | -429.64M | 277.45M | -221.64M | -60.07M | -22.04M |
| Earnings From Continuing Operations | 389.61M | -429.64M | 277.45M | -221.64M | -60.07M | -22.04M |
| Minority Interest in Earnings | -483.34M | 123.20M | -339.20M | 59.38M | ||
| Net Income | -93.73M | -306.43M | -61.75M | -162.26M | -60.07M | -22.04M |
| Preferred Dividends & Other Adjustments | 20.48M | 24.28M | 18.36M | |||
| Net Income to Common | -93.73M | -306.43M | -61.75M | -182.75M | -84.35M | -40.40M |
| Shares Outstanding (Basic) | 265.43M | 262.16M | 258.54M | 194.59M | 130.14M | 119.20M |
| Shares Outstanding (Diluted) | 265.43M | 262.16M | 258.54M | 194.59M | 130.14M | 119.20M |
| EPS (Basic) | -0.35 | -1.17 | -0.24 | -0.94 | -0.65 | -0.34 |
| EPS (Diluted) | -0.35 | -1.17 | -0.24 | -0.94 | -0.65 | -0.34 |
| Free Cash Flow | -5.37B | -5.02B | -2.66B | -1.81B | -73.83M | -30.07M |
| Free Cash Flow Per Share | -20.24 | -19.13 | -10.30 | -9.31 | -0.57 | -0.25 |
| EBITDA | -215.25M | -224.15M | -169.14M | -122.50M | -53.96M | -17.91M |
| D&A For EBITDA | 27.20M | 1.78M | 1.93M | 168.00K | 516.00K | 1.60M |
| EBIT | -242.45M | -225.93M | -171.07M | -122.67M | -54.48M | -19.51M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 129.91M | 143.78M | 148.14M | 38.24M | 62.79M | 25.55M |
| Cash & Short-Term Investments | 129.91M | 143.78M | 148.14M | 38.24M | 62.79M | 25.55M |
| Prepaid Expenses | 26.88M | 10.96M | 19.81M | 2.09M | 1.15M | 521.00K |
| Restricted Cash | 462.22M | 563.31M | 244.62M | 256.24M | ||
| Other Current Assets | 23.66M | 17.96M | 314.00K | |||
| Total Current Assets | 642.68M | 718.05M | 412.57M | 314.52M | 63.94M | 26.39M |
| Property, Plant & Equipment | 15.57B | 10.73B | 5.19B | 2.61B | 220.12M | 174.41M |
| Long-Term Investments | 1.19B | 532.25M | ||||
| Other Intangible Assets | 354.00K | |||||
| Long-Term Deferred Charges | 345.99M | 423.08M | 317.79M | 389.69M | 8.57M | 7.61M |
| Other Long-Term Assets | 65.99M | 21.65M | 487.61M | 11.02M | 19.80M | 13.35M |
| Total Assets | 17.81B | 12.43B | 6.40B | 3.32B | 312.43M | 222.10M |
| Accounts Payable | 437.65M | 443.95M | 244.64M | 243.13M | 1.08M | 281.00K |
| Accrued Expenses | 138.51M | 119.06M | 71.42M | 37.29M | 11.14M | 5.05M |
| Current Portion of Leases | 65.64M | 3.88M | 2.88M | 3.14M | 1.09M | 596.00K |
| Other Current Liabilities | 1.16B | 769.14M | 276.14M | 268.82M | 12.05M | 2.30M |
| Total Current Liabilities | 1.81B | 1.34B | 595.08M | 552.39M | 25.36M | 8.23M |
| Long-Term Debt | 11.13B | 8.60B | 3.92B | 1.82B | ||
| Long-Term Leases | 1.05B | 142.27M | 144.16M | 145.96M | 465.00K | |
| Other Long-Term Liabilities | 75.20M | 49.63M | 68.72M | 29.79M | 25.59M | |
| Total Liabilities | 14.06B | 10.12B | 4.66B | 2.58B | 55.62M | 33.81M |
| Common Stock | 27.00K | 26.00K | 26.00K | 26.00K | 14.00K | 12.00K |
| Additional Paid-In Capital | 960.80M | 893.13M | 852.05M | 693.88M | 289.08M | 191.26M |
| Retained Earnings | -806.41M | -759.96M | -453.52M | -391.77M | -230.14M | -170.07M |
| Treasury Stock | -42.58M | -37.86M | -20.92M | -14.21M | -4.59M | -1.31M |
| Total Common Equity | 111.85M | 95.34M | 377.64M | 287.92M | 54.37M | 19.89M |
| Minority Interest | 3.64B | 2.21B | 1.37B | 452.51M | ||
| Shareholders' Equity | 3.75B | 2.30B | 1.74B | 740.43M | 256.81M | 188.29M |
| Total Liabilities & Equity | 17.81B | 12.43B | 6.40B | 3.32B | 312.43M | 222.10M |
| Total Debt | 12.24B | 8.74B | 4.07B | 1.97B | 1.56M | 596.00K |
| Net Cash (Debt) | -12.11B | -8.60B | -3.92B | -1.93B | 61.23M | 24.96M |
| Net Cash Per Share | -45.63 | -32.80 | -15.16 | -9.90 | 0.47 | 0.21 |
| Filing Date Shares Outstanding | 268.80M | 264.93M | 260.44M | 256.71M | 150.57M | 123.36M |
| Total Common Shares Outstanding | 268.40M | 264.80M | 260.20M | 256.50M | 143.55M | 120.80M |
| Working Capital | -1.16B | -617.98M | -182.51M | -237.86M | 38.58M | 18.16M |
| Book Value Per Share | 0.42 | 0.36 | 1.45 | 1.12 | 0.38 | 0.16 |
| Tangible Book Value | 111.85M | 95.34M | 377.64M | 287.92M | 54.37M | 19.54M |
| Tangible Book Value Per Share | 0.42 | 0.36 | 1.45 | 1.12 | 0.38 | 0.16 |
| Machinery | 1.10M | |||||
| Construction In Progress | 14.43B | 10.56B | 5.01B | |||
| Leasehold Improvements | 101.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -93.73M | -306.43M | -61.75M | -162.26M | -60.07M | -22.04M |
| Depreciation & Amortization | 31.91M | 12.12M | 6.68M | 3.15M | 1.27M | 2.15M |
| Other Amortization | 114.03M | 80.47M | 65.34M | 41.39M | ||
| Stock-Based Compensation | 40.44M | 39.21M | 19.91M | 26.55M | 7.47M | -4.31M |
| Other Operating Activities | -180.92M | -31.59M | -145.87M | 21.69M | 5.75M | 2.53M |
| Change in Accounts Payable | -4.76M | 2.17M | -2.22M | 4.06M | 684.00K | -26.00K |
| Change in Other Net Operating Assets | 55.81M | 34.65M | 22.34M | -8.20M | 4.82M | 3.73M |
| Operating Cash Flow | -37.22M | -169.40M | -95.58M | -73.62M | -40.08M | -17.96M |
| Capital Expenditures | -5.34B | -4.85B | -2.57B | -1.74B | -33.75M | -12.11M |
| Other Investing Activities | -31.06M | -6.10M | -6.40M | -15.16M | -7.13M | -6.43M |
| Investing Cash Flow | -5.37B | -4.85B | -2.57B | -1.75B | -40.89M | -18.53M |
| Long-Term Debt Issued | 4.70B | 3.52B | 2.08B | |||
| Long-Term Debt Repaid | -1.34B | -233.00M | ||||
| Net Debt Issued (Repaid) | 4.23B | 4.70B | 2.19B | 1.85B | ||
| Issuance of Common Stock | 1.38B | 981.67M | 676.00M | 712.06M | 115.00M | 557.00K |
| Repurchase of Common Stock | -6.10M | -16.95M | -6.70M | -9.63M | -3.27M | -284.00K |
| Preferred Dividends Paid | -53.00K | -75.00K | -67.00K | |||
| Dividends Paid | -53.00K | -75.00K | -67.00K | |||
| Other Financing Activities | -351.25M | -329.09M | -86.22M | -494.27M | -3.95M | -268.00K |
| Financing Cash Flow | 5.25B | 5.34B | 2.77B | 2.06B | 118.20M | 39.44M |
| Net Cash Flow | -152.54M | 314.33M | 98.28M | 231.69M | 37.24M | 2.94M |
| Free Cash Flow | -5.37B | -5.02B | -2.66B | -1.81B | -73.83M | -30.07M |
| Free Cash Flow Per Share | -20.24 | -19.13 | -10.30 | -9.31 | -0.57 | -0.25 |
| Levered Free Cash Flow | -4.90B | -4.53B | -2.58B | -1.52B | -42.73M | -23.70M |
| Unlevered Free Cash Flow | -4.82B | -4.51B | -2.59B | -1.53B | -42.73M | -23.70M |
| Cash Interest Paid | 29.48M | 30.09M | 3.56M | 23.36M | ||
| Change in Working Capital | 51.05M | 36.82M | 20.12M | -4.14M | 5.50M | 3.71M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.98B | 1.40B | 2.01B | 1.22B | 713.30M | 352.91M |
| Enterprise Value | 14.10B | 9.76B | 5.81B | 3.05B | 801.14M | 480.04M |
| Last Close Price | 7.38 | 5.27 | 7.71 | 4.77 | 4.94 | 2.85 |
| PB Ratio | 17.71 | 0.61 | 1.15 | 1.65 | 2.78 | 1.87 |
| P/TBV Ratio | 17.74 | 14.64 | 5.31 | 4.25 | 13.12 | 18.06 |
| Debt / Equity Ratio | 3.26 | 3.80 | 2.33 | 2.65 | 0.01 | 0.00 |
| Net Debt / Equity Ratio | 3.23 | 3.74 | 2.25 | 2.60 | -0.24 | -0.13 |
| Net Debt / EBITDA Ratio | -56.27 | -38.36 | -23.17 | -15.73 | 1.14 | 1.39 |
| Net Debt / FCF Ratio | -2.25 | -1.71 | -1.47 | -1.06 | 0.83 | 0.83 |
| Quick Ratio | 0.07 | 0.11 | 0.25 | 0.07 | 2.48 | 3.11 |
| Current Ratio | 0.36 | 0.54 | 0.69 | 0.57 | 2.52 | 3.21 |
| Return on Equity (ROE) | 13.60% | -21.24% | 22.33% | -44.45% | -26.99% | -12.21% |
| Return on Assets (ROA) | -1.09% | -1.50% | -2.20% | -4.22% | -12.74% | -5.75% |
| Return on Capital Employed (ROCE) | -1.50% | -2.00% | -2.90% | -4.40% | -19.00% | -9.10% |
| Earnings Yield | -4.78% | -21.96% | -3.08% | -13.26% | -8.42% | -6.25% |
| FCF Yield | -270.86% | -359.45% | -132.72% | -147.99% | -10.35% | -8.52% |
| Buyback Yield / Dilution | -1.69% | -1.40% | -32.86% | -49.53% | -9.17% | -1.43% |