balance equationreview2021-12-31
Difference 168400000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
Revenue
$0
Fiscal year ended 2025-12-31Operating income
-$225.93M
Fiscal year ended 2025-12-31Free cash flow
-$5.02B
Fiscal year ended 2025-12-31NextDecade Corp (NEXT) reported revenue of $0 and net income of -$429.64M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from NextDecade Corp’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Natural Gas Transmisison & Distribution.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | -$225.93M | -$171.08M | -$122.67M | -$54.48M | -$19.51M | -$22.01M | -$35.00M | -$43.02M | -$35.64M | -$8.50M |
| Net income | -$429.64M | $277.45M | -$221.64M | -$60.07M | -$22.04M | -$14.33M | -$35.87M | -$41.96M | -$35.33M | -$434.70K |
| Research & development | $8.01M | $8.26M | $4.89M | $4.10M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 262.16M | shares 258.54M | shares 194.60M | shares 130.14M | shares 119.20M | shares 117.52M | shares 109.06M | shares 106.56M | shares 100.93M | shares 95.68M |
| Pretax income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Income tax expense | $0 | Unavailable | Unavailable | $0 | $0 | $0 | $0 | $0 | Unavailable | Unavailable |
| Diluted EPS | $-1.17 | $-0.24 | $-0.94 | $-0.65 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | $202.28M | $150.11M | $111.47M | $49.09M | Unavailable | Unavailable | Unavailable | $35.18M | $34.55M | $7.30M |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $143.78M | $148.14M | $38.24M | $62.79M | $25.55M | $22.61M | $15.74M | $3.17M | $35.70M | $12.52M |
| Total assets | $12.43B | $6.40B | $3.32B | $312.43M | $222.10M | $201.67M | $221.20M | $169.00M | $116.09M | $75.78M |
| Current assets | $718.05M | $412.57M | $314.52M | $63.94M | $26.39M | $23.28M | $78.80M | $76.93M | $42.86M | $19.20M |
| Total liabilities | $10.12B | $4.66B | $2.58B | $55.62M | $33.81M | $28.93M | $33.58M | $19.53M | $13.00M | $7.68M |
| Current liabilities | $1.34B | $595.08M | $552.39M | $25.36M | $8.23M | $5.14M | $21.54M | $12.09M | $8.40M | $4.93M |
| Total equity incl. NCI | $2.30B | $1.74B | $740.43M | $54.37M | $19.89M | $60.43M | $89.72M | $83.22M | $103.09M | $68.10M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | $0 | $202.44M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $108.04M |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | $8.51B | $3.92B | $1.82B | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | $443.95M | $244.64M | $243.13M | $1.08M | $281.00K | $207.00K | $11.91M | $719.00K | $726.00K | $1.17M |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$169.40M | -$95.58M | -$73.62M | -$40.08M | -$17.96M | -$26.25M | -$40.70M | -$23.28M | -$12.83M | -$7.19M |
| Capital expenditures | $4.85B | $2.57B | $1.74B | $33.75M | $12.10M | $32.35M | $20.30M | $18.66M | $14.83M | $19.39M |
| Investing cash flow | -$4.85B | -$2.57B | -$1.75B | -$40.89M | -$18.53M | $18.52M | -$16.69M | -$86.16M | $11.86M | -$24.42M |
| Financing cash flow | $5.34B | $2.77B | $2.06B | $118.20M | $39.44M | $14.60M | $69.96M | $76.91M | $24.15M | $60.00K |
| Net change in cash | $314.33M | $98.28M | $231.69M | $37.24M | $2.94M | $6.87M | $12.57M | -$32.53M | $23.18M | -$31.61M |
| Stock-based compensation | $39.21M | $19.91M | $26.55M | $7.47M | -$4.31M | -$341.00K | -$9.65M | $16.84M | $22.69M | Unavailable |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | $16.95M | $6.70M | $9.63M | $3.27M | $284.00K | $346.00K | $650.00K | $35.00K | Unavailable | Unavailable |
| Depreciation & amortization | $12.12M | $12.71M | $6.31M | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$5.02B | -$2.66B | -$1.81B | -$73.83M | -$30.06M | -$58.60M | -$61.00M | -$41.94M | -$27.66M | -$26.58M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current ratio | 0.54x | 0.69x | 0.57x | 2.52x | 3.21x | 4.53x | 3.66x | 6.36x | 5.10x | 3.89x |
| Revenue YoY growth | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 3.70x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open NEXT in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-07-30View SEC filing
10-Q · Filed 2026-05-01View SEC filing
10-K · Filed 2026-03-02View SEC filing
10-Q · Filed 2025-10-30View SEC filing
10-Q · Filed 2025-08-01View SEC filing
10-Q · Filed 2025-05-06View SEC filing
Reconciliation checks needing review
5 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
balance equationreview2020-12-31
Difference 112303000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2019-12-31
Difference 97898000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2018-12-31
Difference 66250000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
balance equationreview2016-12-31
Difference 108035987 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.