Nextdecade (NEXT)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from NEXT's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Results from SEC filings
Fiscal years, from Nextdecade's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Net income | -$22M | -$60M | -$222M | $277M | -$430M |
| Free cash flow | -$30M | -$74M | -$1.8B | -$2.7B | -$5.0B |
| EPS (diluted) | -$0.34 | -$0.65 | -$0.94 | -$0.24 | -$1.17 |
| Operating margin | — | — | — | — | — |
Superinvestors who own NEXT
From each investor's latest 13F filing (what a 13F shows). 1 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $6M | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Nextdecade's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 23, 2026 | Pamela K.m. Beall |
71,500 | $7.07 | $505,505 |
| Dec 12, 2025 | Aerospace Co. Ltd. Hanwha |
800,000 | $5.54 | $4M |
| Dec 11, 2025 | Aerospace Co. Ltd. Hanwha |
851,971 | $5.83 | $5M |
| Dec 10, 2025 | Aerospace Co. Ltd. Hanwha |
600,000 | $6.05 | $4M |
| Dec 9, 2025 | Aerospace Co. Ltd. Hanwha |
293,131 | $6.36 | $2M |
| Dec 8, 2025 | Aerospace Co. Ltd. Hanwha |
39,467 | $6.26 | $247,063 |
| Dec 5, 2025 | Aerospace Co. Ltd. Hanwha |
151,058 | $6.21 | $938,070 |
| Dec 4, 2025 | Aerospace Co. Ltd. Hanwha |
243,959 | $6.19 | $2M |
| Dec 3, 2025 | Aerospace Co. Ltd. Hanwha |
241,946 | $6.04 | $1M |
| Dec 2, 2025 | Aerospace Co. Ltd. Hanwha |
310,964 | $5.93 | $2M |
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In the full deep dive
Questions
Are Nextdecade insiders buying the stock?
10 open-market insider purchases of NEXT in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Nextdecade?
1 of the superinvestors Investingly tracks hold NEXT in their latest 13F, including Cliff Asness.
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Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.