NextDecade Corp
NextDecade Corp
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 84 | 143 | 144 | 209 | 159 | 131 | 148 | 38 | 38 | 46 | 38 | 51 | |||||
Assets Current | |||||||||||||||||
Assets Current | 632 | 488 | 718 | 765 | 477 | 405 | 413 | 271 | 224 | 284 | 315 | 469 | |||||
Restricted Cash Current | 416 | 322 | 563 | 535 | 299 | 255 | 245 | 228 | 165 | 206 | 256 | 395 | |||||
Derivative Assets Current | 12 | 13 | - | 10 | 13 | 14 | 17 | 4 | 19 | 29 | 18 | 21 | |||||
Prepaid Expense And Other Assets Current | 120 | 9 | 11 | 10 | 7 | 4 | 20 | 1 | 2 | 3 | 2 | 2 | |||||
Property Plant And Equipment And Finance Lease Rig… | 13,514 | - | - | - | - | - | - | - | - | - | - | - | |||||
Property Plant And Equipment Net | 13,080 | 11,664 | 10,568 | 8,470 | 6,589 | 5,703 | 5,020 | 4,329 | 3,734 | 3,158 | 2,438 | 1,714 | |||||
Operating Lease Right Of Use Asset | 137 | 135 | 162 | 164 | 164 | 165 | 166 | 167 | 168 | 170 | 171 | 172 | |||||
Deferred Finance Costs Noncurrent Net | 376 | 393 | 423 | 245 | 261 | 293 | 318 | 340 | 358 | 371 | 390 | 402 | |||||
Derivative Assets Noncurrent | 479 | 501 | 532 | 330 | 325 | 303 | 472 | - | 258 | 176 | 0 | 131 | |||||
Other Assets Noncurrent | 67 | 50 | 22 | 36 | 49 | 25 | 16 | 16 | 16 | 17 | 11 | 11 | |||||
Assets | 15,205 | 13,232 | 12,426 | 10,009 | 7,865 | 6,894 | 6,404 | 5,124 | 4,757 | 4,176 | 3,324 | 2,898 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Accounts Payable Current | 327 | 298 | 444 | 429 | 312 | 257 | 245 | 224 | 132 | 175 | 243 | 327 | |||||
Liabilities Current | |||||||||||||||||
Liabilities Current | 1,693 | 1,214 | 1,336 | 1,194 | 684 | 476 | 595 | 558 | 500 | 506 | 552 | 551 | |||||
Operating Lease Liability Current | 2 | 1 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Accrued Liabilities Current | 1,364 | 915 | 888 | 762 | 369 | 216 | 348 | 331 | 365 | 322 | 306 | - | |||||
Long Term Debt Noncurrent | 10,417 | 9,355 | 8,511 | 6,609 | 5,171 | 4,549 | 3,920 | 3,315 | 2,834 | 2,394 | 1,816 | 1,382 | |||||
Operating Lease Liability Noncurrent | 119 | 118 | 142 | 143 | 143 | 144 | 144 | 145 | 145 | 145 | 146 | 146 | |||||
Derivative Liabilities Noncurrent | 161 | 184 | 136 | - | - | - | 0 | 60 | 0 | 0 | 67 | - | |||||
Liabilities | 12,389 | 10,872 | 10,125 | 8,032 | 5,999 | 5,170 | 4,660 | 4,078 | 3,478 | 3,045 | 2,583 | 2,081 | |||||
Commitments And Contingencies | - | - | - | - | - | - | - | - | - | - | - | 0 | |||||
Other Liabilities Noncurrent | - | - | - | - | - | - | 0 | - | - | - | 2 | 0 | |||||
Common Stock Value | - | - | - | - | - | - | - | - | - | - | - | 0 | |||||
Common Stock Value Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||
Temporary Equity Carrying Amount Attributable To P… | - | - | - | - | - | - | - | - | - | - | 0 | - | |||||
Treasury Stock Value | -38 | -38 | -38 | -36 | -21 | -21 | -21 | -21 | -14 | -14 | -14 | -14 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | |||||
Stockholders Equity | -57 | -31 | 2,301 | 1,976 | 1,866 | 1,724 | 378 | 1,046 | 394 | 1,131 | 288 | 818 | |||||
Additional Paid In Capital | 942 | 904 | 893 | 904 | 885 | 866 | 852 | 1,210 | 1,043 | 898 | 694 | 754 | |||||
Retained Earnings Accumulated Deficit | -962 | -896 | -760 | -713 | -603 | -542 | -454 | -519 | -396 | -363 | -392 | -263 | |||||
Preferred Stock Value | - | - | - | - | - | - | - | - | - | - | 0 | 0 | |||||
Minority Interest | 2,874 | 2,391 | 2,206 | 1,822 | 1,605 | 1,421 | 1,367 | 376 | 646 | 611 | 453 | 341 | |||||
Liabilities And Stockholders Equity | 15,205 | 13,232 | 12,426 | 10,009 | 7,865 | 6,894 | 6,404 | 5,124 | 4,757 | 4,176 | 3,324 | 2,898 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 480 | 480 | - | 480 | 480 | 480 | 480 | 480 | 480 | 480 | 480 | 480 | |||||
Common Stock Shares Issued | 265 | 265 | - | 264 | 261 | 261 | 260 | 260 | 258 | 258 | 257 | 257 | |||||
Shares Outstanding | 265 | 265 | - | 264 | 261 | 261 | 260 | 260 | 258 | 258 | 257 | 257 | |||||
Treasury Stock Common Shares | 5 | 5 | - | 5 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 1 | 1 | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Shares Issued | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
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Custom Table
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.05% | -6.13% | -1.92% | - | - | - | - | - | - | - | - | - |
| 2025 | 12.96% | 18.55% | 54.43% | -7.75% | -40.72% | -45.05% | -1.04% | -5.03% | -8.32% | 44.92% | 26.38% | 50.80% |
| 2024 | 4.68% | 16.08% | 13.60% | -3.10% | 3.31% | 11.36% | 4.62% | 0.43% | 22.98% | 9.85% | -4.87% | -7.18% |
| 2023 | - | - | - | 7.59% | -17.90% | -19.35% | 12.98% | 0.45% | 12.08% | 8.01% | 26.46% | 39.84% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.37 | 0.40 | 0.54 | 0.64 | 0.70 | 0.85 | 0.69 | 0.49 | 0.45 | 0.56 | 0.57 | 0.85 | |||||
| Quick Ratio | 0.30 | 0.39 | 0.53 | 0.63 | 0.69 | 0.84 | 0.66 | 0.48 | 0.44 | 0.56 | 0.57 | 0.85 | |||||
| Working Capital | -1.06B | -726.84M | -617.98M | -429.15M | -207.04M | -70.90M | -182.51M | -286.90M | -275.50M | -221.73M | -237.86M | -81.49M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 4.40 | 4.61 | 4.40 | 4.06 | 23.03 | 17.09 | 2.67 | 3.90 | 2.72 | 7.30 | 3.49 | 2.54 | |||||
| Interest Coverage TTM | -0.81 | -1.03 | -1.33 | -1.91 | -2.13 | -2.07 | -1.95 | -1.87 | -1.43 | -1.76 | -2.44 | -3.41 | |||||
| Debt Ratio | 0.81 | 0.82 | 0.81 | 0.80 | 0.76 | 0.75 | 0.73 | 0.80 | 0.73 | 0.73 | 0.78 | 0.72 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -1.39 | -1.43 | -1.64 | -1.66 | -1.43 | -1.29 | -0.24 | -1.45 | -0.28 | -0.60 | -1.14 | 0.09 | |||||
| Free Cash Flow Per Share TTM | -21.61 | -20.63 | -19.13 | -14.14 | -10.91 | -10.36 | -10.30 | -10.49 | -12.05 | -10.01 | -9.31 | -4.90 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Growth Metrics | |||||||||||||||||
| Net Income Growth (1Y) | -1.17% | 13.16% | 595.76% | 15.50% | 421.96% | 110.57% | -72.14% | -1,929.38% | -61.60% | 107.01% | 268.96% | -139.59% | |||||
| EPS Growth (1Y) | -2.73% | 11.24% | 586.13% | 14.09% | 415.89% | 107.58% | -79.03% | -1,669.03% | -77.52% | 18.49% | 146.75% | -123.03% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -5.42 | -5.35 | -3.22 | -4.10 | -6.23 | -6.04 | -32.28 | -3.24 | -28.62 | -9.16 | -4.19 | 55.33 | |||||
| P/B TTM | 0.71 | 0.86 | 0.60 | 0.90 | 8.92 | 6.70 | 1.14 | 1.17 | 1.60 | 3.50 | 1.25 | 1.39 | |||||
| Market Cap | 2.00B | 2.03B | 1.38B | 1.78B | 2.32B | 2.03B | 1.99B | 1.22B | 2.05B | 1.46B | 928.22M | 1.14B | |||||
| Enterprise Value | 11.92B | 10.92B | 9.75B | 7.65B | 7.34B | 6.19B | 5.52B | 4.27B | 4.68B | 3.60B | 2.71B | 2.07B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -5.73B | -5.46B | -5.02B | -3.71B | -2.85B | -2.70B | -2.66B | -2.72B | -3.11B | -2.57B | -1.81B | -1.09B | |||||
| Net Debt | 9.92B | 8.89B | 8.37B | 5.86B | 5.01B | 4.16B | 3.53B | 3.05B | 2.63B | 2.14B | 1.78B | 935.97M | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
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| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
NextDecade Corp (NEXT) — SEC Financial Statements & Analysis
NextDecade Corp (NEXT) is a natural gas transmisison & distribution company, incorporated in DE. NextDecade Corp trades on Nasdaq as: NEXT. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), NextDecade Corp reported a Debt-to-Equity ratio of 4.40x, a Price-to-Book (P/B) ratio of 0.71x (TTM), at a market cap of $2.00B. Figures below are sourced from SEC EDGAR, as-filed.
- Debt To Equity
- 4.40x
- P/B TTM
- 0.71x
- Market Cap
- $2.00B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is NextDecade Corp in?
NextDecade Corp (NEXT) operates in the Natural Gas Transmisison & Distribution industry.
What is NEXT's market cap?
NextDecade Corp (NEXT) has a market capitalization of $2.00B as of 2026-06-30.
What exchange does NEXT trade on?
NextDecade Corp (NEXT) trades on the Nasdaq.
Where is NextDecade Corp incorporated?
NextDecade Corp is incorporated in DE.