NextDecade Corp
NEXT- Exchange
- Nasdaq
- Industry
- Natural Gas Transmisison & Distribution
- SEC CIK
- 0001612720
No open-market purchases or sales by NextDecade Corp insiders were filed in the last 90 days; 210 institutions reported holding it in 13F filings for Q2 2026, worth $820.2M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 30, 2026, 1:19 AM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | – | – | – |
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Operating expenses | $225.9M | $171.1M | $122.7M | $54.5M | $19.5M |
| Research and development | $8.01M | $8.26M | $4.89M | – | – |
| Selling, general and administrative | $202.3M | $150.1M | $111.5M | – | – |
| Operating income | -$225.9M | -$171.1M | -$122.7M | -$54.5M | -$19.5M |
| Interest expense | $170.0M | $87.5M | $50.3M | – | – |
| Income tax | $0 | – | – | $0 | $0 |
| Net income | -$429.6M | $277.4M | -$221.6M | -$60.1M | -$22.0M |
| EPS, basic | $-1.17 | $-0.24 | $-0.94 | $-0.65 | – |
| EPS, diluted | $-1.17 | $-0.24 | $-0.94 | – | – |
| Weighted shares, basic | 262.2M | 258.5M | 194.6M | 130.1M | 119.2M |
| Weighted shares, diluted | 262.2M | 258.5M | 194.6M | 130.1M | 119.2M |
| Margins and growth | |||||
| Net income growth, year over year | −254.9% | – | – | – | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022! | FY2021! |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | – | – | – |
| Cash and equivalents | $143.8M | $148.1M | $38.2M | $62.8M | $25.6M |
| Total current assets | $718.0M | $412.6M | $314.5M | $63.9M | $26.4M |
| Property, plant and equipment | $10.6B | $5.02B | $2.44B | $218.6M | $173.8M |
| Total assets | $12.4B | $6.40B | $3.32B | $312.4M | $222.1M |
| Accounts payable | $443.9M | $244.6M | $243.1M | $1.08M | $281.0K |
| Total current liabilities | $1.34B | $595.1M | $552.4M | $25.4M | $8.23M |
| Long-term debt | $8.51B | $3.92B | $1.82B | – | – |
| Total liabilities | $10.1B | $4.66B | $2.58B | $55.6M | $33.8M |
| Shareholders' equity | $2.30B | $1.74B | $740.4M | $54.4M | $19.9M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | – | – | – | – | – |
| Operating cash flow | -$169.4M | -$95.6M | -$73.6M | -$40.1M | -$18.0M |
| Capital expenditures | $4.85B | $2.57B | $1.74B | $33.8M | $12.1M |
| Free cash flow | -$5.02B | -$2.66B | -$1.81B | -$73.8M | -$30.1M |
| Depreciation and amortization | $12.1M | – | – | – | – |
| Stock-based compensation | $39.2M | $19.9M | $26.6M | $7.47M | -$4.31M |
| Share buybacks | $16.9M | $6.70M | $9.63M | $3.27M | $284.0K |
| Investing cash flow | -$4.85B | -$2.57B | -$1.75B | -$40.9M | -$18.5M |
| Financing cash flow | $5.34B | $2.77B | $2.06B | $118.2M | $39.4M |
| Net change in cash | $314.3M | $98.3M | $231.7M | $37.2M | $2.94M |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 23, 2026 | 268.8M | +1.5% | SEC |
| Jul 24, 2026 | 266.2M | +1.6% | SEC |
| Apr 24, 2026 | 265.0M | +1.6% | SEC |
| Feb 20, 2026 | 264.9M | +1.7% | SEC |
| Oct 27, 2025 | 264.8M | +1.7% | SEC |
| Jul 25, 2025 | 262.0M | +1.0% | SEC |
| May 2, 2025 | 260.9M | +1.1% | SEC |
| Feb 20, 2025 | 260.4M | +1.5% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.