NEXT Spending and interest coverage

NextDecade Corp (NEXT) Spending and interest coverage

R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
Stock-based compensation / revenue · 12 months: Value (m); Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
Interest coverage · 12 months: Value -0.81×; Formula and calculation Operating income ÷ reported interest expense..

Spending and interest coverage

Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.

Metric	Value	Formula and calculation
R&D / revenue · 12 months	(m)	Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m).
Stock-based compensation / revenue · 12 months	(m)	Share-based compensation / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m).
Interest coverage · 12 months	-0.81×	Operating income ÷ reported interest expense. $-227.43M ÷ $281.20M ≈ -0.81×

Calculation inputs

Input	Amount with unit	Raw financial data
Research and development spending	11.44M USD	Research and Development Expense
Revenue	0.00 USD
Stock-based compensation	36.17M USD	Share-based Payment Arrangement, Noncash Expense
Operating income	-227.43M USD	Operating Income (Loss)
Interest expense · reported / estimated	281.20M USD	Interest Expense · Estimated expense assumptions

Latest interest expense basis: Reported. Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.

Calculated history

Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.

Period ending	Research and development spending (USD)	Revenue (USD)	Stock-based compensation (USD)	Operating income (USD)	Interest expense · reported / estimated (USD)	R&D / revenue	SBC / revenue	Interest coverage	Interest expense basis
2026-06-30	$11.44M	$0.00	$36.17M	$-227.43M	$281.20M	(m)	(m)	-0.81×	Reported
2026-03-31	$9.84M	$0.00	$38.06M	$-229.13M	$222.05M	(m)	(m)	-1.03×	Reported
2025-12-31	$8.01M	$0.00	$39.21M	$-225.93M	$170.01M	(m)	(m)	-1.33×	Reported
2025-09-30	$5.39M	$0.00	$32.96M	$-224.41M	$119.24M	(m)	(m)	-1.88×	Reported
2025-06-30	$4.90M	$0.00	$24.89M	$-201.61M	$94.87M	(m)	(m)	-2.13×	Reported
2025-03-31	$6.06M	$0.00	$22.07M	$-184.87M	$89.27M	(m)	(m)	-2.07×	Reported
2024-12-31	$8.26M	$0.00	$19.91M	$-171.07M	$87.54M	(m)	(m)	-1.95×	Reported
2024-09-30	$10.23M	$0.00	$18.33M	$-158.95M	$85.16M	(m)	(m)	-1.87×	Reported
2024-06-30	$8.93M	$0.00	$23.06M	$-145.63M	$101.79M	(m)	(m)	-1.43×	Reported
2024-03-31	$6.94M	$0.00	$29.43M	$-133.68M	$75.76M	(m)	(m)	-1.76×	Reported
2023-12-31	$4.89M	$0.00	$26.55M	$-122.67M	$50.28M	(m)	(m)	-2.44×	Reported
2023-09-30	(m)	$0.00	$25.97M	$-110.96M	(m)	(m)	(m)	(m)	(m)
2023-06-30	(m)	$0.00	$19.30M	$-91.21M	(m)	(m)	(m)	(m)	(m)
2023-03-31	(m)	$0.00	$11.40M	$-76.45M	(m)	(m)	(m)	(m)	(m)
2022-12-31	(m)	$0.00	$7.47M	$-54.48M	(m)	(m)	(m)	(m)	(m)
2022-09-30	(m)	$0.00	$4.81M	$-41.89M	(m)	(m)	(m)	(m)	(m)
2022-06-30	(m)	$0.00	$-936.00K	$-29.02M	(m)	(m)	(m)	(m)	(m)
2022-03-31	(m)	$0.00	$-2.96M	$-23.02M	(m)	(m)	(m)	(m)	(m)
2021-12-31	(m)	$0.00	$-4.31M	$-19.51M	(m)	(m)	(m)	(m)	(m)
2021-09-30	(m)	$0.00	$-5.15M	$-15.66M	(m)	(m)	(m)	(m)	(m)
2021-06-30	(m)	$0.00	$-1.61M	$-17.99M	(m)	(m)	(m)	(m)	(m)
2021-03-31	(m)	$0.00	$-2.21M	$-16.39M	(m)	(m)	(m)	(m)	(m)
2020-12-31	(m)	$0.00	$-341.00K	$-22.01M	(m)	(m)	(m)	(m)	(m)
2020-09-30	(m)	(m)	$2.13M	$-30.53M	(m)	(m)	(m)	(m)	(m)
2020-06-30	(m)	(m)	$-3.42M	$-29.38M	(m)	(m)	(m)	(m)	(m)
2020-03-31	(m)	(m)	$-16.84M	$-29.75M	(m)	(m)	(m)	(m)	(m)
2019-12-31	(m)	(m)	$-9.65M	$-35.00M	(m)	(m)	(m)	(m)	(m)
2019-09-30	(m)	(m)	$-8.43M	$-34.62M	(m)	(m)	(m)	(m)	(m)
2019-06-30	(m)	$0.00	$-2.23M	$-41.19M	(m)	(m)	(m)	(m)	(m)
2019-03-31	(m)	$0.00	$9.94M	$-39.22M	(m)	(m)	(m)	(m)	(m)
2018-12-31	(m)	$0.00	$16.84M	$-43.02M	(m)	(m)	(m)	(m)	(m)
2018-09-30	(m)	$0.00	$24.95M	$-47.31M	(m)	(m)	(m)	(m)	(m)
2018-06-30	(m)	$0.00	(m)	$-50.62M	(m)	(m)	(m)	(m)	(m)
2018-03-31	(m)	$0.00	(m)	$-49.50M	(m)	(m)	(m)	(m)	(m)
2017-12-31	(m)	$0.00	$22.69M	$-35.64M	(m)	(m)	(m)	(m)	(m)
2017-09-30	(m)	(m)	(m)	$-13.67M	(m)	(m)	(m)	(m)	(m)
2017-06-30	(m)	(m)	(m)	$-989.17K	(m)	(m)	(m)	(m)	(m)
2017-03-31	(m)	(m)	(m)	$-804.57K	(m)	(m)	(m)	(m)	(m)
2016-12-31	(m)	(m)	(m)	$-689.57K	(m)	(m)	(m)	(m)	(m)
2016-09-30	(m)	(m)	(m)	$-557.84K	(m)	(m)	(m)	(m)	(m)
2016-06-30	(m)	(m)	(m)	$-544.51K	(m)	(m)	(m)	(m)	(m)
2016-03-31	(m)	(m)	(m)	$-532.62K	(m)	(m)	(m)	(m)	(m)
2015-12-31	(m)	(m)	(m)	$-338.53K	(m)	(m)	(m)	(m)	(m)
2015-09-30	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2015-06-30	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2015-03-31	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2014-12-31	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2014-09-30	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)
2014-06-30	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)	(m)

(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.

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