NextPlat Corp (NXPL) Financial Statements
Industry: Telephone Communications (No Radiotelephone)
In fiscal 2025, NextPlat reported revenue of $54.3M, down 17.0% from $65.5M the year before. Net income was -$10.5M (a -19.3% net margin), or -$4.40 per diluted share. Gross margin was 20.1% and operating margin was -16.6%. Operating activities generated -$6.1M of cash, leaving -$6.2M of free cash flow. At fiscal year end, NextPlat held $27.5M in total assets against $10.0M in total liabilities, including $13.7M of cash and equivalents.
Open the full interactive NextPlat financials → Quarterly statements, key ratios, valuation history and price charts.
NextPlat Key Stats
| Share Price | $9.00 |
|---|---|
| Market Cap | $24.4M |
| Revenue YoY Growth | -17.0% |
| 52-Week Range | $3.70 – $9.80 |
| Shares Outstanding | 2.7 million (basic, 2026 Q2) |
NextPlat Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $5.7M | $7.7M | $11.7M | $37.8M | $65.5M | $54.3M |
| Gross Profit | $1.2M | $1.9M | $2.5M | $11.3M | $16.2M | $10.9M |
| Operating Income | -$2.0M | -$6.6M | -$7.2M | -$23.2M | -$23.6M | -$9.0M |
| Pre-Tax Income | -$2.8M | -$8.1M | -$9.1M | -$12.4M | -$23.1M | -$10.5M |
| Income Tax | — | — | $87,000 | $28,000 | $71,000 | $0 |
| Net Income | -$2.8M | -$8.1M | -$9.2M | -$3.8M | -$14.0M | -$10.5M |
| Diluted EPS | -$20.60 | -$19.80 | — | -$2.20 | -$6.80 | -$4.40 |
NextPlat Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $13.8M | $12.8M | $9.9M | $11.9M |
| Net Income | -$2.2M | -$5.1M | -$1.1M | -$144,000 |
| Diluted EPS | -$0.84 | -$0.19 | -$0.42 | -$0.05 |
NextPlat Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $728,762 | $17.3M | $18.9M | $26.3M | $20.0M | $13.7M |
| Current Assets | $1.4M | $19.4M | $21.2M | $43.6M | $31.5M | $24.2M |
| Total Assets | $2.6M | $20.6M | $28.6M | $64.5M | $36.5M | $27.5M |
| Current Liabilities | $1.5M | $2.8M | $2.1M | $14.2M | $8.2M | $9.1M |
| Total Long-Term Debt | $442,474 | $273,520 | $216,756 | $1.5M | $1.4M | $1.3M |
| Total Liabilities | $2.1M | $3.0M | $2.9M | $16.4M | $9.7M | $10.0M |
| Shareholders' Equity | $565,189 | $17.5M | $25.8M | $32.2M | $26.7M | $17.3M |
NextPlat Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$836,980 | -$4.1M | -$3.6M | -$3.6M | -$5.5M | -$6.1M |
| Cash From Investing | -$34,903 | -$229,307 | -$7.7M | $5.2M | -$953,000 | $163,000 |
| Cash From Financing | $1.6M | $20.8M | $13.0M | $5.9M | $72,000 | -$225,000 |
| Free Cash Flow | -$871,883 | -$4.3M | -$4.3M | -$4.2M | -$5.7M | -$6.2M |
Figures from NextPlat's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full NextPlat financials page for every line item.
NextPlat Company Profile
| Ticker | NXPL |
|---|---|
| Exchange | Nasdaq |
| Industry | Telephone Communications (No Radiotelephone) |
| Headquarters | Hallandale Beach, Florida |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001058307 |
Frequently Asked Questions
What was NextPlat's revenue in fiscal 2025?
NextPlat (NXPL) reported revenue of $54.3M for fiscal 2025.
What is NextPlat's annual revenue history?
NextPlat's annual revenue by fiscal year: 2020: $5.7M; 2021: $7.7M; 2022: $11.7M; 2023: $37.8M; 2024: $65.5M; 2025: $54.3M.
What was NextPlat's net income in fiscal 2025?
NextPlat reported net income of -$10.5M for fiscal 2025.
What was NextPlat's earnings per share (EPS) in fiscal 2025?
NextPlat's diluted EPS was -$4.40 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did NextPlat generate in fiscal 2025?
NextPlat generated -$6.2M of free cash flow in fiscal 2025.
What was NextPlat's revenue last quarter?
In its most recent reported quarter (2026 Q2), NextPlat reported revenue of $11.9M.
How much debt does NextPlat have?
NextPlat reported $1.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of NextPlat are outstanding?
NextPlat reported a weighted average of 2.7 million basic shares outstanding in 2026 Q2.
What is NextPlat's market cap?
Based on its latest closing price, NextPlat (NXPL) has a market capitalization of about $24.4M.
When does NextPlat's fiscal year end?
NextPlat's fiscal year end, as registered with the SEC, is December 31.
Where is NextPlat headquartered?
NextPlat lists its business address in Hallandale Beach, Florida in its SEC filings.