NextDecade Corp
NEXT Nasdaq· Natural Gas Transmisison & Distribution
Last close · Oct 26, 2026
$6.30
KIRA · Stoqly’s AI analyst, in plain words
- NextDecade Corp had $0.0M of revenue in fiscal 2025.
- NextDecade Corp lost $430M in fiscal 2025.
- Free cash flow was −$5.0B in fiscal 2025, — of revenue.
- NextDecade Corp returned $16.9M to shareholders in fiscal 2025. The diluted share count rose 1.4%.
- NextDecade Corp owes $8.7B more than it holds in cash.
Market cap
$1.7B
P/E
—
Revenue
$0.0M
Net income
−$430M
Free cash flow
−$5.0B
Operating margin
—
NextDecade Corp in 30 seconds · fiscal 2025
Does it make a profit?
−$430M
No. It lost money last year.
How healthy are the accounts?
1 / 8
Weak. It passes 1 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What NextDecade Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 2, 2026
- Legal name
- NextDecade Corp
- CIK
- 0001612720
NextDecade Corp · NEXT
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | −$22.0M | −$60.1M | −$222M | $277M | −$430M |
| Diluted EPS | −$0.34 | −$0.65 | −$0.94 | −$0.24 | −$1.17 |
| Cash | |||||
| Cash from operations | −$18.0M | −$40.1M | −$73.6M | −$95.6M | −$169M |
| Capital expenditure | $12.1M | $33.8M | $1.7B | $2.6B | $4.8B |
| Free cash flow | −$30.1M | −$73.8M | −$1.8B | −$2.7B | −$5.0B |
| Share buybacks | $0.3M | $3.3M | $9.6M | $6.7M | $16.9M |
| Share count change | 1.4% | 9.2% | 49.5% | 32.9% | 1.4% |
| Debt and strength | |||||
| Cash and short-term investments | $25.6M | $62.8M | $38.2M | $148M | $144M |
| Debt incl. finance leases | — | $0.0M | $1.8B | $4.0B | $8.8B |
| Shareholders' equity | $19.9M | $54.4M | $288M | $378M | $95.3M |
| Current ratio | 3.2x | 2.5x | 0.6x | 0.7x | 0.5x |
| Interest coverage | — | — | −2.4x | −2.0x | −1.3x |
| Returns and quality | |||||
| Return on capital | — | — | −4.7% | −3.2% | −2.0% |
| Return on equity | −54.9% | −161.8% | −129.5% | 83.4% | −181.7% |
| Return on tangible equity | −203.1% | −155.1% | −63.5% | −16.4% | −321.4% |
| Piotroski F-score | 1 | 1 | 2 | 3 | 1 |
| Altman Z'' | −1.9 | −1.7 | −1.0 | −0.5 | −0.6 |
Insiders bought, 12 months
$47.2M
2 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
NextDecade Corp · NEXT
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $6.30 a share, the company is worth $1.7B.
Source: SEC EDGAR XBRL filings (CIK 0001612720). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.