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NEXT · XBRL financial data

NextDecade financial statements, every quarter

The same tables from 13 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

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How these numbers work
  • Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
  • Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
  • * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
  • 0 means a filing states zero; a dash (—) means no filing states that number.
  • “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
  • Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
  • Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
  • Shares outstanding come from each filing's cover page, as of the date printed there.
  • Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

CSV

Fiscal quarters (NEXT's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Revenue0*0000*0000*000
Research and development3*3221*0134*232
General and administrative26*33344440*45526639*503049
Total operating expenses32*38404944*52567246*555583
Operating income (loss)(32)*(38)(40)(49)(44)*(52)(56)(72)(46)*(55)(55)(83)
Interest expense18*25261620*27324071*799169
Other income (expense)2*0(1)2(1)*3(2)(0)6*1211
Income tax expense (benefit)—00*0—0000*000
Net income (loss)(256)*1872*(393)*481*(245)(71)*(185)*71*(195)——
Earnings per share, basic USD per share—0.11(0.13)(0.47)—(0.34)(0.23)(0.42)—(0.51)(0.25)0.58
Earnings per share, diluted USD per share—0.11(0.13)(0.47)—(0.34)(0.23)(0.42)—(0.51)(0.25)0.54
Weighted average shares, basic millions of shares—257258259260*260261263265*265265267
Weighted average shares, diluted millions of shares—267258259250*260261263265*265265281

Balance sheet

CSV

Fiscal quarters (NEXT's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Cash and cash equivalents3846383814813115920914414384130
Prepaid and other current assets23213471011912027
Total current assets315284224271413405477765718488632643
Property and equipment, net2,4383,1583,7344,3295,0205,7036,5898,47010,56811,66413,08014,439
Right-of-use asset171170168167166165164164162135137136
Total assets3,3244,1764,7575,1246,4046,8947,86510,00912,42613,23215,20517,812
Accounts payable243175132224245257312429444298327438
Accrued liabilities2993223653313482163697628889151,3641,366
Total current liabilities5525065005585954766841,1941,3361,2141,6931,805
Long-term debt1,8162,3942,8343,3153,9204,5495,1716,6098,5119,35510,41711,990
Lease liability, non-current146145145145144144143143142118119118
Total liabilities2,5833,0453,4784,0784,6605,1705,9998,03210,12510,87212,38914,058
Accumulated deficit(392)(363)(396)(519)(454)(542)(603)(713)(760)(896)(962)(806)
Total stockholders' equity28852063367037830226015495(31)(57)112
Total liabilities and equity3,3244,1764,7575,1246,4046,8947,86510,00912,42613,23215,20517,812
Common shares outstanding (cover page) millions of shares257258259260260261262265265265266269

Cash flows

CSV

Fiscal quarters (NEXT's year ends in late December)

In millions of dollarsDec 31, 2023Mar 31, 2024Jun 30, 2024Sep 30, 2024Dec 31, 2024Mar 31, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026Jun 30, 2026Sep 30, 2026
Net income (loss)(256)*1872*(393)*481*(245)(71)*(185)*71*(195)——
Stock-based compensation4*44*5*6*77*13*12*55*17*
Depreciation and amortization———————0*———19*
Net cash from operating activities(21)*(29)6*(64)*(9)*(69)(4)*(76)*(21)*(111)(17)*111*
Purchases of property and equipment741*775593*505*695*770732*1,358*1,987*1,177981*1,191*
Net cash from investing activities(742)*(781)(594)*(505)*(695)*(779)(752)*(1,349)*(1,973)*(1,177)(1,027)*(1,191)*
Proceeds from issuing common stock0*00*0*0*———year only———
Share repurchases0*00*6*0*00*15*1*00*5*
Repayments of long-term debt———————0*———4,171*
Net cash from financing activities612*766539*632*830*842827*1,712*1,956*1,0451,078*1,172*
Net change in cash(151)*(43)(48)*63*127*(7)71*288*(38)*(242)35*93*

Compare with peers

SIC 4923 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen
  • SIC 4923 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
  • Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
  • Runway shows only for companies burning cash with under $10B of public float.
  • * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
CompanyCash ($M)Revenue, quarter ($M)Operating cash flow, quarter ($M)Shares outstandingRunwayQuarter
NextDecade1300111*268.8M— 10-QSep 30, 2026
Centuri Holdings4096220*101.0M— 10-QJun 28, 2026
Northwest Natural Holding24244110*42.1M— 10-QJun 30, 2026
Kodiak Gas Services13839199*101.1M— 10-QJun 30, 2026
USA Compression Partners9.5342146*144.9M— 10-QJun 30, 2026
Kinetik Holdings7.8581161*not reported— 10-QJun 30, 2026
Cheniere Energy Partners5692,575941*484.1M— 10-QSep 30, 2026
New Fortress Energy161313(159)*285.6M1.0 quarters 10-QJun 30, 2026
NGL Energy Partners5.199077124.8M— 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.