Why NXXT Is Not Just A Story: The Numbers Show A Business Scaling, Even If It Is Early

If you want a bullish read on NXXT that is not just vibes, start with what they already put on the board in 2025.

They reported Q3 2025 revenue of $22.9M versus $6.9M in Q3 2024, a 232% year over year jump. Gross profit was $2.4M and gross margin was 11%, up from 8% the prior quarter, showing at least some operating leverage as volume grows. The bear point is real too: they still reported a net loss of about $14.9M, with $5.6M called out as non-cash stock-based compensation, so profitability is not here yet.

On the operations side, they said fuel deliveries were about 6.5M gallons in Q3 2025 versus 1.9M gallons in Q3 2024, and guided December 2025 deliveries around 2.5M gallons versus 620k a year prior.

Not financial advice.