NextDecade Corporation NEXT NASDAQ

NextDecade Corporation (NEXT) reported declining year-over-year revenue growth of -100% through 2025-12 (TTM revenue vs prior-year TTM). The latest quarter net income was –$47M, with a YoY change of -396.2%. The company has not reported a profitable quarter in the last 4 quarters. With a $2B market cap, MOAT composite score of 40/100 (low competitive position).

Criteria proven by this page:

• GROWTH (15/100, Fail) — revenue or earnings are not growing
• PAST (0/100, Fail) — the company has frequently reported losses. Looking at the full 12-year annual history, the company was profitable in 0 of 12 years — a mixed long-term record
• INCOME (?/100, Fail) — the company is currently operating at a loss
• MOAT (40/100, Fail) — limited competitive moat based on margins and scale

Overall SharesGrow Score: 26/100 with 1/7 criteria passed.