Growth Metrics

NextDecade (NEXT) Operating Expenses (2016 - 2025)

NextDecade's Operating Expenses history spans 11 years, with the latest figure at $43.1 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 2.54% year-over-year to $43.1 million; the TTM value through Dec 2025 reached $223.3 million, up 30.52%, while the annual FY2025 figure was $212.1 million, 23.97% up from the prior year.
  • Operating Expenses for Q4 2025 was $43.1 million at NextDecade, down from $72.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $72.0 million in Q3 2025 and bottomed at $1.6 million in Q1 2021.
  • The 5-year median for Operating Expenses is $29.9 million (2023), against an average of $29.6 million.
  • The largest annual shift saw Operating Expenses plummeted 77.61% in 2021 before it surged 428.05% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $7.9 million in 2021, then soared by 160.22% to $20.4 million in 2022, then surged by 57.31% to $32.1 million in 2023, then soared by 37.71% to $44.3 million in 2024, then decreased by 2.54% to $43.1 million in 2025.
  • Per Business Quant, the three most recent readings for NEXT's Operating Expenses are $43.1 million (Q4 2025), $72.0 million (Q3 2025), and $56.3 million (Q2 2025).