For the quarter ending 2026-03-31, NEXT had -$242,025K decrease in cash & cash equivalents over the period. -$1,287,508K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -195,040 | 70,979 | -184,756 | -315,860 |
| Depreciation | 378 | 386 | 393 | 1,006 |
| Share-based compensation expense | 5,449 | 12,327 | 13,050 | 13,834 |
| Loss on debt extinguishment and modification cost | - | -20,978 | 0 | -9,160 |
| Corporate fixed asset retirements | - | - | 0 | -3,518 |
| Derivative loss, net | -62,110 | 206,678 | -74,141 | -143,543 |
| Derivative settlements | 2,251 | 5,281 | 6,671 | 9,315 |
| Reduction of right-of-use assets | 1,093 | 2,602 | 2,576 | 5,159 |
| Amortization of debt issuance costs | 28,378 | 28,539 | 18,020 | 33,911 |
| Interest elected to be paid-in-kind | 28,766 | 7,097 | 7,253 | 11,501 |
| Other | -152 | -3,557 | 0 | 203 |
| Prepaid expenses and other current assets | -1,706 | 5,267 | -2,366 | 1,050 |
| Accounts payable | 2,485 | -11,169 | 10,458 | 2,881 |
| Operating lease liabilities | -1,127 | -1,963 | -1,912 | -3,764 |
| Accrued expenses and other liabilities | -47,435 | 56,193 | -24,279 | 14,327 |
| Net cash used in operating activities | -110,834 | -20,656 | -76,019 | -72,722 |
| Acquisition of property, plant and equipment | 1,176,674 | 1,987,469 | 1,357,748 | 1,501,590 |
| Acquisition of other non-current assets | 0 | -14,695 | -8,956 | 29,748 |
| Net cash used in investing activities | -1,176,674 | -1,972,774 | -1,348,792 | -1,531,338 |
| Proceeds from sale of common stock | - | 0 | - | - |
| Repayment of debt | - | 0 | 0 | 0 |
| Proceeds from debt issuance | 817,000 | 1,938,500 | 1,474,500 | 1,288,000 |
| Costs associated with repayment of debt | - | 0 | 0 | 0 |
| Receipt of equity commitments | 248,666 | 271,000 | 298,000 | 412,667 |
| Debt issuance costs | 20,165 | 236,661 | 44,583 | 32,239 |
| Debt modification costs | - | 15,611 | - | - |
| Preferred stock dividends | - | 0 | - | - |
| Shares repurchased related to share-based compensation | 18 | 1,384 | 15,471 | 91 |
| Net cash provided by financing activities | 1,045,483 | 1,955,844 | 1,712,446 | 1,668,337 |
| Net decrease in cash, cash equivalents and restricted cash | -242,025 | -37,586 | 287,635 | 64,277 |
| Cash, cash equivalents and restricted cash beginning of period | 707,088 | 744,674 | 392,762 | - |
| Cash, cash equivalents and restricted cash end of period | 465,063 | 707,088 | 744,674 | - |
NextDecade Corp (NEXT)
NextDecade Corp (NEXT)