NextDecade Corp
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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 Statements of Changes in Equity
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Total stockholders’ equity, beginning balance | $1,744,386 | $740,434 | $54,371 |
| Common stock: | |||
| Beginning balance | 26 | 26 | 14 |
| Issuance of common stock | — | — | 6 |
| Preferred stock conversion | — | — | 6 |
| Ending balance | 26 | 26 | 26 |
| Treasury Stock: | |||
| Beginning balance | (20,916) | (14,214) | (4,587) |
| Shares repurchased related to share-based compensation | (16,946) | (6,702) | (9,627) |
| Ending balance | (37,862) | (20,916) | (14,214) |
| Additional paid-in-capital: | |||
| Beginning balance | 852,054 | 693,883 | 289,084 |
| Share-based compensation | 39,210 | 20,041 | 26,600 |
| Issuance of common stock, net | — | — | 254,394 |
| Receipt of equity commitments | 19,460 | 100,964 | 174,303 |
| Exercise of common stock warrants | 2,827 | 8,571 | — |
| Sale of equity in Phase 1 Holdings | — | — | (252,882) |
| Warrants issued in connection with Debt (Note 6 ) | 7,761 | 28,595 | — |
| Reclassification of the Warrants (Note 6 ) | (28,181) | — | — |
| Preferred stock dividends | — | — | (20,484) |
| Preferred stock conversion | — | — | 222,868 |
| Ending balance | 893,131 | 852,054 | 693,883 |
| Accumulated deficit: | |||
| Beginning balance | (453,523) | (391,772) | (230,140) |
| Subsidiary deconsolidation due to sale | — | — | 629 |
| Net loss | (306,434) | (61,751) | (162,261) |
| Ending balance | (759,957) | (453,523) | (391,772) |
| Total stockholders’ equity | 95,338 | 377,641 | 287,923 |
| Non-controlling interest: | |||
| Beginning balance | 1,366,745 | 452,511 | — |
| Receipt of equity commitments | 962,207 | 575,036 | — |
| Sale of equity in Phase 1 Holdings | — | — | 511,890 |
| Net (loss) income | (123,203) | 339,198 | (59,379) |
| Ending balance | 2,205,749 | 1,366,745 | 452,511 |
| Total equity, ending balance | $2,301,087 | $1,744,386 | $740,434 |
| Preferred Stock, Series A-C: | |||
| Beginning balance | $— | $— | $202,443 |
| Preferred stock dividends | — | — | 20,431 |
| Preferred stock conversion | — | — | (222,874) |
| Ending balance | $— | $— | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.