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NXPL

NextPlat Corp

NXPL

NextPlat Corp • NASDAQ
$0.60 ▼ -2.94% (-0.02)
Market Cap $15.68 M
52w High $2.30
52w Low $0.43
Dividend Yield 0%
P/E -2.01
Volume 18.43K
Outstanding Shares 25.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $13.752M ▲ $1.899M ▼ $-2.185M ▼ -15.889% ▼ $-0.084 ▼ $-1.946M ▼
Q2-2025 $13.24M ▼ $4.712M ▼ $-1.789M ▼ -13.512% ▼ $-0.069 ▼ $-1.48M ▼
Q1-2025 $14.525M ▼ $4.948M ▼ $-1.343M ▲ -9.246% ▲ $-0.052 ▲ $-1.021M ▲
Q4-2024 $15.634M ▲ $4.98M ▼ $-3.017M ▲ -19.298% ▲ $-0.12 ▲ $-2.725M ▲
Q3-2024 $15.367M $11.519M $-4.216M -27.435% $-0.22 $-7.119M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $13.926M ▼ $30.013M ▼ $8.467M ▲ $21.432M ▼
Q2-2025 $16.635M ▼ $31.033M ▼ $7.425M ▼ $23.494M ▼
Q1-2025 $17.737M ▼ $35.204M ▼ $9.753M ▲ $25.337M ▼
Q4-2024 $19.96M ▼ $36.478M ▼ $9.68M ▼ $26.684M ▲
Q3-2024 $20.36M $41.099M $11.306M $22.463M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.185M ▼ $-2.728M ▼ $102K ▼ $-97K ▲ $-2.709M ▼ $-2.728M ▼
Q2-2025 $-1.789M ▼ $-1.041M ▲ $120K ▲ $-127K ▲ $-1.102M ▲ $-1.053M ▲
Q1-2025 $-1.343M ▲ $-2.059M ▼ $-22K ▼ $-134K ▼ $-2.223M ▼ $-2.081M ▼
Q4-2024 $-3.017M ▲ $-476K ▲ $28K ▲ $22K ▼ $-400K ▲ $-444K ▲
Q3-2024 $-7.665M $-4.609M $0 $84K $-4.517M $-4.706M

Revenue by Products

Product Q2-2024Q4-2024Q2-2025Q3-2025
Product
Product
 $10.00M ▲$30.00M ▲$10.00M ▼$10.00M ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement NextPlat is still a very small company in revenue terms, but its sales have been edging higher in recent years. Gross profit has turned positive, showing that the basic business model can generate margin on what it sells. However, operating results remain in the red, and the company has not yet demonstrated consistent profitability. Earnings per share have been volatile, partly reflecting its changing share structure, and overall the income statement describes an early‑stage, still loss‑making business that is trying to scale up from a very low base.

Balance Sheet

Balance Sheet The balance sheet is simple and relatively clean. The company carries no financial debt, which reduces interest and refinancing risk, and it holds a meaningful portion of its assets in cash. Equity has been fairly stable, suggesting no dramatic deterioration in the financial cushion, but the overall asset base is very small. In practical terms, this looks like a lean balance sheet with limited resources but also no leverage pressure.

Cash Flow

Cash Flow Cash flow from operations has recently slipped into modestly negative territory after being roughly breakeven. Free cash flow follows the same pattern, with little to no heavy spending on long‑term assets so far. This suggests a business that is still consuming a bit of cash to keep moving forward, but not yet at a scale where it generates durable, self‑funding cash flows. Continued access to cash, whether from existing balances or future funding, will matter if losses persist.

Competitive Edge

Competitive Edge NextPlat’s competitive position rests on diversification more than on sheer size. It operates both in satellite‑enabled communications and in healthcare technology, which can help smooth out swings in any single market. The satellite side benefits from partnerships with major network providers and global online distribution, giving it reach that would be hard to build from scratch. At the same time, the company is small compared with large, well‑funded competitors in both software and communications, so its moat depends on niche positioning, service flexibility, and relationships rather than market dominance.

Innovation and R&D

Innovation and R&D Innovation is a central part of NextPlat’s story. In healthcare, its ClearMetrX platform aims to use artificial intelligence to help providers manage revenue, inventory, and compliance in one integrated tool. On the communications side, the company focuses on being an agile reseller and integrator of satellite services, now including newer low‑orbit networks like Starlink. Future value from this innovation depends on successful rollout, customer adoption, and the company’s ability to keep pace with rapid advances in AI and connectivity technologies.

Summary

Overall, NextPlat looks like a small, evolving technology platform with early signs of revenue growth but a continuing pattern of operating losses and modest cash burn. The balance sheet is straightforward and debt‑free, which lowers financial risk but also highlights how limited the resource base is. Strategically, the mix of healthcare analytics and satellite‑enabled e‑commerce provides interesting diversification and some niche advantages, especially through partnerships and international reach. The main opportunity lies in turning its AI healthcare initiatives and global connectivity offerings into scalable, recurring revenue; the main risks are execution, intense competition, and the challenge of achieving sustainable profitability from such a small starting point.

NEWS

November 13, 2025 · 8:03 AM UTC

NextPlat Reports Third Quarter 2025 Results

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November 5, 2025 · 8:03 AM UTC

NextPlat's Healthcare Division Awarded Multi-State Prescription Fulfillment Contract by Virtual Healthcare Provider DevotedDOc

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November 3, 2025 · 8:03 AM UTC

NextPlat to Release Third Quarter 2025 Results on Thursday, November 13, 2025

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October 29, 2025 · 8:01 AM UTC

NextPlat Granted 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Requirement

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October 14, 2025 · 8:01 AM UTC

NextPlat Names Amanda L. Ferrio, Vice President of Accounting & Finance, as its New Chief Financial Officer

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