NextDecade Corp
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
NEXT$6.30+8.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
Consolidated Balance Sheets(1)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $143,782 | $148,137 |
| Restricted cash | 563,306 | 244,625 |
| Prepaid expenses and other current assets | 10,961 | 19,810 |
| Total current assets | 718,049 | 412,572 |
| Property, plant and equipment, net | 10,568,311 | 5,020,003 |
| Operating lease right-of-use assets | 162,493 | 166,082 |
| Deferred financing fees | 423,076 | 317,788 |
| Derivatives | 532,245 | 472,057 |
| Other non-current assets | 21,654 | 15,557 |
| Total assets | $12,425,828 | $6,404,059 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Accounts payable | $443,947 | $244,642 |
| Operating leases | 3,883 | 2,881 |
| Accrued and other current liabilities | 888,200 | 347,561 |
| Total current liabilities | 1,336,030 | 595,084 |
| Debt, net | 8,510,925 | 3,920,425 |
| Operating leases | 142,266 | 144,164 |
| Derivatives | 135,520 | — |
| Total liabilities | 10,124,741 | 4,659,673 |
| Commitments and contingencies (Note 11 ) | ||
| Equity: | ||
| Common stock, $0.0001 par value, 480.0 million authorized: 264.8 million and 260.2 million outstanding, respectively | 26 | 26 |
| Treasury stock: 4.9 million and 3.1 million respectively, at cost | (37,862) | (20,916) |
| Preferred stock, $0.0001 par value, 0.5 million authorized after designation of the convertible preferred stock: none outstanding | — | — |
| Additional paid-in-capital | 893,131 | 852,054 |
| Accumulated deficit | (759,957) | (453,523) |
| Total stockholders’ equity | 95,338 | 377,641 |
| Non-controlling interest | 2,205,749 | 1,366,745 |
| Total equity | 2,301,087 | 1,744,386 |
| Total liabilities and equity | $12,425,828 | $6,404,059 |
| (1) Amounts presented include balances held by our consolidated variable interest entities, Phase 1 Holdings, Train 4 Holdings and Train 5 Holdings, as further discussed in Note 8 — Variable Interest Entities . | ||
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