Company / R&D Expense
NextDecade Corp R&D Expense History
FY2022-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$8.0M
FY2025
5-year range
$4.1M / $8.3M
FY2022-FY2025
Trend
-3.1%
vs FY2024
Sector context
#4 of 5
Utilities
What the data says
At $8M, NextDecade Corp's r&d expense ranks #4 of 5 in the Utilities sector. Improved from $4M to $8M over the past 2 years.
Based on SEC 10-K filings.
$8M in FY2025 with a 3-year CAGR of +25.0%.
Improved from $4M to $8M over the past 2 years.
Utilities sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +25.0%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
#4 of 5 in Utilities
Key checks
Key Insights
- 3-year CAGR of +25.0%, indicating consistent growth.
- In FY2025, r&d expense decreased 3.1% year-over-year.
- Ranks #4 out of 5 companies in the Utilities sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -0.14 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $8.0M | -3.1% |
| FY2024 | $8.3M | +101.4% |
| FY2023 | $4.1M | +0.0% |
| FY2022 | $4.1M | - |
| FY2021 | - | - |
| FY2020 | - | - |
| FY2019 | - | - |
| FY2018 | - | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026