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Red Flags Detected

  • Material Weakness (new) — Company newly disclosed three material weaknesses in internal controls (related-party transactions, documentation, segregation of duties) after concluding controls were effective in prior year.
  • Going Concern (worsened) — Going-concern language now describes 'substantial net loss' ($88M vs. $16M prior year) and auditor elevated going-concern evaluation to a critical audit matter requiring especially challenging judgment.
NASDAQ: NXXT NEXTNRG, INC. 10-K

revenue $81.8M, net income -$85.7M. NextNRG posts loss, discloses control failures, faces Nasdaq delisting risk

Filed April 16, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 27, 2025 · ~2 min read

Key Changes

  • high

    Net loss ballooned to $88M (vs. $16M prior year) driven by $43M stock compensation surge, $8.5M impairment charges, and $17M interest expense despite revenue growth to $82M.

    MD&A: Financial Results verify on EDGAR →
  • high

    Company reversed internal controls from effective to ineffective, disclosing three material weaknesses in related-party oversight, documentation, and segregation of duties.

    Controls & Procedures verify on EDGAR →
  • high

    Nasdaq issued minimum bid price deficiency notice in March 2026; company has until September 2026 to cure or face delisting, with share price falling from $3.00 (Feb 2025 offering) to below $1.00.

    Business: Subsequent Events verify on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Jun 8, 2026 · How we verify