Growth Metrics

NextDecade (NEXT) EBITDA (2016 - 2025)

NextDecade's EBITDA history spans 11 years, with the latest figure at -$71.6 million for Q3 2025.

  • For Q3 2025, EBITDA fell 47.44% year-over-year to -$71.6 million; the TTM value through Sep 2025 reached -$222.4 million, down 41.13%, while the annual FY2024 figure was -$169.1 million, 38.08% down from the prior year.
  • EBITDA for Q3 2025 was -$71.6 million at NextDecade, down from -$55.9 million in the prior quarter.
  • Across five years, EBITDA topped out at -$1.6 million in Q1 2021 and bottomed at -$71.6 million in Q3 2025.
  • The 5-year median for EBITDA is -$27.5 million (2023), against an average of -$28.6 million.
  • The largest annual shift saw EBITDA surged 78.23% in 2021 before it crashed 432.18% in 2023.
  • A 5-year view of EBITDA shows it stood at -$7.8 million in 2021, then tumbled by 161.38% to -$20.4 million in 2022, then crashed by 57.32% to -$32.1 million in 2023, then plummeted by 36.01% to -$43.7 million in 2024, then tumbled by 63.95% to -$71.6 million in 2025.
  • Per Business Quant, the three most recent readings for NEXT's EBITDA are -$71.6 million (Q3 2025), -$55.9 million (Q2 2025), and -$51.3 million (Q1 2025).