NXPL
NXPL
NextPlat CorpIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $12.8M ▼ | $5.28M ▲ | $-6.39M ▼ | -49.94% ▼ | $-2.5 ▼ | $-5.41M ▼ |
| Q3-2025 | $13.75M ▲ | $1.9M ▼ | $-2.19M ▼ | -15.89% ▼ | $-0.84 ▼ | $-1.95M ▼ |
| Q2-2025 | $13.24M ▼ | $4.71M ▼ | $-1.79M ▼ | -13.51% ▼ | $-0.69 ▼ | $-1.48M ▼ |
| Q1-2025 | $14.53M ▼ | $4.95M ▼ | $-1.34M ▲ | -9.25% ▲ | $-0.52 ▲ | $-1.02M ▲ |
| Q4-2024 | $15.63M | $4.98M | $-3.02M | -19.3% | $-1.2 | $-2.73M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $13.71M ▼ | $27.46M ▼ | $10.04M ▲ | $17.31M ▼ |
| Q3-2025 | $13.93M ▼ | $30.01M ▼ | $8.47M ▲ | $21.43M ▼ |
| Q2-2025 | $16.64M ▼ | $31.03M ▼ | $7.42M ▼ | $23.49M ▼ |
| Q1-2025 | $17.74M ▼ | $35.2M ▼ | $9.75M ▲ | $25.34M ▼ |
| Q4-2024 | $19.96M | $36.48M | $9.68M | $26.68M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-5.15M ▼ | $-302K ▲ | $-37K ▼ | $133K ▲ | $-217K ▲ | $-339K ▲ |
| Q3-2025 | $-2.19M ▼ | $-2.73M ▼ | $102K ▼ | $-97K ▲ | $-2.71M ▼ | $-2.73M ▼ |
| Q2-2025 | $-1.79M ▼ | $-1.04M ▲ | $120K ▲ | $-127K ▲ | $-1.1M ▲ | $-1.05M ▲ |
| Q1-2025 | $-1.34M ▲ | $-2.06M ▼ | $-22K ▼ | $-134K ▼ | $-2.22M ▼ | $-2.08M ▼ |
| Q4-2024 | $-3.02M | $-476K | $28K | $22K | $-400K | $-444K |
Revenue by Products
| Product | Q2-2024 | Q4-2024 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Product | $10.00M ▲ | $30.00M ▲ | $10.00M ▼ | $10.00M ▲ |
Service | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Revenue by Geography
| Region | Q4-2019 |
|---|---|
Africa | $0 ▲ |
Europe | $0 ▲ |
North America | $0 ▲ |
South America | $0 ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at NextPlat Corp's financial evolution and strategic trajectory over the past five years.
The company benefits from a strong liquidity position, low leverage, and a relatively clean balance sheet, giving it breathing room despite current losses. It has a diversified, technology‑enabled business model spanning healthcare, pharmacy, e‑commerce, and connectivity, supported by strategic partnerships and acquisitions that provide access to broader markets and capabilities.
The main risks are sustained unprofitability, negative cash flow from operations, and a history of accumulated losses. The small scale of operations compared with the ambition of its platform, intense competition in all key markets, and the complexity of integrating multiple businesses and partnerships add significant execution risk. If cash burn persists and revenue does not scale meaningfully, the balance sheet strength could gradually erode.
Looking ahead, the company appears to be in a transition phase: financially stressed on the income statement and cash flow side, but with enough balance sheet strength and a pipeline of initiatives to attempt a turnaround. The outlook will depend on its ability to grow higher‑margin healthcare and service revenues, improve cost efficiency, and successfully commercialize its analytics and IoT offerings. For now, the story combines genuine strategic opportunity with elevated financial and execution uncertainty.
About NextPlat Corp
https://www.nextplat.comNextPlat Corp, together with its subsidiaries, provides mobile satellite services (MSS) solutions for satellite-enabled voice, data, personnel and asset tracking, machine-to-machine, and Internet of Things (IoT) connectivity services in the United States and internationally.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2025 | $12.8M ▼ | $5.28M ▲ | $-6.39M ▼ | -49.94% ▼ | $-2.5 ▼ | $-5.41M ▼ |
| Q3-2025 | $13.75M ▲ | $1.9M ▼ | $-2.19M ▼ | -15.89% ▼ | $-0.84 ▼ | $-1.95M ▼ |
| Q2-2025 | $13.24M ▼ | $4.71M ▼ | $-1.79M ▼ | -13.51% ▼ | $-0.69 ▼ | $-1.48M ▼ |
| Q1-2025 | $14.53M ▼ | $4.95M ▼ | $-1.34M ▲ | -9.25% ▲ | $-0.52 ▲ | $-1.02M ▲ |
| Q4-2024 | $15.63M | $4.98M | $-3.02M | -19.3% | $-1.2 | $-2.73M |
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2025 | $13.71M ▼ | $27.46M ▼ | $10.04M ▲ | $17.31M ▼ |
| Q3-2025 | $13.93M ▼ | $30.01M ▼ | $8.47M ▲ | $21.43M ▼ |
| Q2-2025 | $16.64M ▼ | $31.03M ▼ | $7.42M ▼ | $23.49M ▼ |
| Q1-2025 | $17.74M ▼ | $35.2M ▼ | $9.75M ▲ | $25.34M ▼ |
| Q4-2024 | $19.96M | $36.48M | $9.68M | $26.68M |
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2025 | $-5.15M ▼ | $-302K ▲ | $-37K ▼ | $133K ▲ | $-217K ▲ | $-339K ▲ |
| Q3-2025 | $-2.19M ▼ | $-2.73M ▼ | $102K ▼ | $-97K ▲ | $-2.71M ▼ | $-2.73M ▼ |
| Q2-2025 | $-1.79M ▼ | $-1.04M ▲ | $120K ▲ | $-127K ▲ | $-1.1M ▲ | $-1.05M ▲ |
| Q1-2025 | $-1.34M ▲ | $-2.06M ▼ | $-22K ▼ | $-134K ▼ | $-2.22M ▼ | $-2.08M ▼ |
| Q4-2024 | $-3.02M | $-476K | $28K | $22K | $-400K | $-444K |
Revenue by Products
| Product | Q2-2024 | Q4-2024 | Q2-2025 | Q3-2025 |
|---|---|---|---|---|
Product | $10.00M ▲ | $30.00M ▲ | $10.00M ▼ | $10.00M ▲ |
Service | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Revenue by Geography
| Region | Q4-2019 |
|---|---|
Africa | $0 ▲ |
Europe | $0 ▲ |
North America | $0 ▲ |
South America | $0 ▲ |
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at NextPlat Corp's financial evolution and strategic trajectory over the past five years.
The company benefits from a strong liquidity position, low leverage, and a relatively clean balance sheet, giving it breathing room despite current losses. It has a diversified, technology‑enabled business model spanning healthcare, pharmacy, e‑commerce, and connectivity, supported by strategic partnerships and acquisitions that provide access to broader markets and capabilities.
The main risks are sustained unprofitability, negative cash flow from operations, and a history of accumulated losses. The small scale of operations compared with the ambition of its platform, intense competition in all key markets, and the complexity of integrating multiple businesses and partnerships add significant execution risk. If cash burn persists and revenue does not scale meaningfully, the balance sheet strength could gradually erode.
Looking ahead, the company appears to be in a transition phase: financially stressed on the income statement and cash flow side, but with enough balance sheet strength and a pipeline of initiatives to attempt a turnaround. The outlook will depend on its ability to grow higher‑margin healthcare and service revenues, improve cost efficiency, and successfully commercialize its analytics and IoT offerings. For now, the story combines genuine strategic opportunity with elevated financial and execution uncertainty.

CEO
David Phipps
Compensation Summary
(Year 2022)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2026-04-13 | Reverse | 1:10 |
| 2026-04-07 | Reverse | 1:10 |
ETFs Holding This Stock
Summary
Showing Top 1 of 11
Ratings Snapshot
Rating : C
Price Target
Institutional Ownership
SIMPLICITY WEALTH,LLC
Shares:600K
Value:$3.26M
VANGUARD GROUP INC
Shares:241.89K
Value:$1.31M
GEODE CAPITAL MANAGEMENT, LLC
Shares:224.46K
Value:$1.22M
Summary
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