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53 /100
HIGH RISK
Score updated Oct 13, 2026

NEXT — NextDecade Corporation Dilution Risk Tracker

Track NEXT dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, NextDecade Corporation (NEXT) has a DilutionWatch DilutionScore of 53/100, rated HIGH dilution risk. NextDecade Corporation has a market capitalization of $1.78B, 266.19M shares outstanding, 214 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
40
💰 Cash Runway
85
📊 Float Risk
37
⚠️ Warrant Exposure
40
🔄 Convertible Debt
40

Dilution Forecast

⛅
Watch
Minor dilution signals detected
model est. 17%
💰 Capital Raise model 35%
• Low cash runway: 4 months remaining
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Market Data

Market Cap$1.78B
Shares Outstanding266.19M
Float128.62M
Cash$83.68M
Debt$10.42B
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore53/100DilutionWatch score record
Shares Outstanding266.19MVerified float table or market cache
Public Float128.62MVerified float table or market cache
Market Cap$1.78BMarket data cache
Cash Runway4.3 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 2.

Recent SEC source mix: XBRL 2.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 28.5% shares (2026Q1 vs prior)
214 institutional holders · 156.69M shares
#1 BlackRock, Inc. 22.96M shares
#2 Mubadala Investment Co PJSC 14.21M shares
#3 VANGUARD CAPITAL MANAGEMENT LLC 11.81M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest22.79M
Days to Cover8.4
% of Float17.7%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL WARRANT 2026-03-02
xbrl XBRL CONVERTIBLE 2017-08-09
Full SEC filing analysis available with free account →

Recent News

No recent news available for this ticker.

Factual NEXT Dilution Snapshot

NextDecade Corporation (NEXT) has a DilutionScore of 53/100, rated High dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

NEXT's DilutionScore is currently 53/100 (High risk), with 2 score changes tracked over 89 days. The score improved from 50/100 (Medium risk).

Period Score Risk Level Duration
Oct 10 – Oct 13, 202653/100HIGH4 days
Aug 14 – Oct 09, 202650/100MEDIUM56 days
Jul 16 – Aug 13, 202635/100MEDIUM29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

NEXT shares outstanding have increased 0.1% from 264.80M (Mar 2026) to 264.99M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 31, 2026264.99M128.62M▲ 0.14%
May 06, 2026264.99M128.43M▲ 0.02%
May 04, 2026264.98M128.41M▲ 0.02%
Mar 28, 2026264.93M128.38M▼ 0.06%
Mar 06, 2026264.80M128.45M▲ 0.05%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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