Nextnrg (NXXT) Cost of Revenue (2020 - 2026)
Nextnrg (NXXT) posted quarterly Cost of Revenue of $19.3 million for Q1 2026, up 22.8% year-over-year from $15.8 million in Q1 2025, and down 6.23% quarter-over-quarter from $20.6 million in Q4 2025.
Nextnrg (NXXT) Cost of Revenue (2020 - 2026) Analysis & Trends
Nextnrg (NXXT) has reported Cost of Revenue for 7 consecutive years, with $19.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 22.8% year-over-year to $19.3 million; the TTM figure through Mar 2026 stood at $78.5 million (up 120.55% YoY), while the FY2025 annual figure was $74.9 million, up 188.37% from the prior year.
- Cost of Revenue retreated to $19.3 million in Q1 2026 per NXXT's latest filing, from $20.6 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $20.6 million in Q4 2025 and bottomed at $2.3 million in Q1 2022.
- Historically, Cost of Revenue has averaged $9.3 million across 5 years, with a median of $6.1 million in 2024.
- Annual changes were most pronounced in 2023 — Cost of Revenue grew 7.84% — and 2025, when it jumped 220.08%.
- Nextnrg's Cost of Revenue stood at $4.9 million in 2022, then grew by 7.84% to $5.3 million in 2023, then grew by 24.54% to $6.6 million in 2024, then surged by 211.62% to $20.6 million in 2025, then declined by 6.23% to $19.3 million in 2026.
- Business Quant data shows NXXT's Cost of Revenue at $19.3 million in Q1 2026, $20.6 million in Q4 2025, and $20.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 11.86 Bn | 10.69 Bn | 117.49 Mn | 48.50 Mn |
| 2 | Ormat Technologies | 6.97 Bn | 6.31 Bn | 68.70 Mn | 190.07 Mn |
| 3 | Brookfield Renewable Partners | 4.63 Bn | 2.13 Bn | 623.00 Mn | 453.00 Mn |
| 4 | Clearway Energy | 3.79 Bn | 3.45 Bn | 332.00 Mn | 149.00 Mn |
| 5 | ReNew Energy Global | 2.48 Bn | 2.06 Bn | 269.00 Mn | 70.00 Mn |
| 6 | Fluence Energy | 1.83 Bn | 1.27 Bn | 33.24 Mn | 616.61 Mn |
| 7 | XPLR Infrastructure | 1.08 Bn | 584.55 Mn | - | - |
| 8 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | 975.34 Mn |
| 9 | Energy Vault Holdings | 671.14 Mn | 602.39 Mn | 4.79 Mn | 17.09 Mn |
| 10 | Nextnrg | 41.01 Mn | 40.81 Mn | 1.71 Mn | 19.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 19.35 Mn |
| Mar 31, 2026 | 19.35 Mn |
| Dec 31, 2025 | 20.63 Mn |
| Dec 31, 2025 | 20.63 Mn |
| Sep 30, 2025 | 20.42 Mn |
| Sep 30, 2025 | 20.42 Mn |
| Jun 30, 2025 | 18.12 Mn |
| Jun 30, 2025 | 18.12 Mn |
| Mar 31, 2025 | 15.75 Mn |
| Mar 31, 2025 | 15.75 Mn |
| Dec 31, 2024 | 6.62 Mn |
| Dec 31, 2024 | 6.62 Mn |
| Sep 30, 2024 | 6.38 Mn |
| Sep 30, 2024 | 6.38 Mn |
| Jun 30, 2024 | 6.85 Mn |
| Jun 30, 2024 | 6.85 Mn |
| Mar 31, 2024 | 6.14 Mn |
| Mar 31, 2024 | 6.14 Mn |
| Dec 31, 2023 | 5.32 Mn |
| Dec 31, 2023 | 5.32 Mn |