NextPlat Corp NXPL
NextPlat Corp ("NextPlat," "the Company," "we," "our," or "us") is a global e-commerce and healthcare services company that operates through two reportable segments: e-Commerce Operations and Healthcare Operations. Through these segments, the Company provides satellite-enabled communication products and services, global online distribution capabilities, pharmacy services, healthcare technology solutions, and data analytics services. Our platforms serve consumers, enterprises, healthcare providers, government organizations, and other institutions across multiple geographic markets. For the year ended December 31, 2025, approximately 27% of revenue was generated by our e-Commerce segment and 73% by our healthcare segment.
Last close
8.50
2026-10-23
Market cap
$23.1M
2026-06-30 share count
52-week range
3.38 - 11.10
Valuation FY2025 figures against the last close
P/S0.4x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.44
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $54.3M | $66.1M | $37.8M | $11.7M | $7.7M | $5.7M | $5.9M | $5.7M | $6.0M | $4.7M |
| Cost of revenue | $43.4M | $49.1M | $26.4M | $9.2M | $5.9M | $4.5M | $4.6M | $4.7M | $4.9M | $3.6M |
| Gross profit | $10.9M | $17.0M | $11.3M | $2.5M | $1.9M | $1.2M | $1.2M | $1.0M | $1.2M | $1.1M |
| R&D | — | — | — | — | $0 | $0 | — | $0 | $0 | $0 |
| SG&A | $6.0M | $6.2M | $9.9M | $5.1M | $5.1M | $694.4K | $761.2K | $664.8K | $583.9K | $566.2K |
| Total operating expenses | $19.9M | $40.0M | $34.5M | $9.7M | $8.5M | $3.3M | $2.3M | $2.2M | $2.7M | $2.7M |
| Operating income | -$9.0M | -$23.0M | -$23.2M | -$7.2M | -$6.6M | -$2.0M | -$1.1M | -$1.1M | -$1.6M | -$1.6M |
| Interest expense | $64.0K | $81.0K | $79.0K | $24.0K | — | — | — | — | — | — |
| Pre-tax income | -$10.5M | -$22.5M | -$12.4M | -$9.1M | -$8.1M | -$2.8M | -$1.4M | -$1.2M | -$3.9M | -$2.6M |
| Income tax | $0 | $71.0K | $28.0K | $87.0K | — | — | $747 | $8.5K | $23.5K | — |
| Net income | -$10.5K | -$22.5K | -$12.4K | -$9.2M | -$8.1M | -$2.8M | -$1.4M | -$1.2M | -$3.9M | -$2.6M |
| EPS, basic | -0.44 | -0.65 | -0.22 | -0.96 | -1.98 | — | — | — | -8.10 | -11.42 |
| EPS, diluted | -0.44 | -0.65 | -0.22 | -0.96 | -1.98 | -132.05 | -13.00 | -19.14 | -8.10 | -11.42 |
| Shares, diluted (wtd. avg.) | 26.5M | 20.6M | 17.5M | 9.6M | 4.1M | — | — | — | 482,531 | 228,518 |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $13.7M | $20.0M | $26.3M | $18.9M | $17.3M | $728.8K | $75.4K | $142.9K | $233.3K | $114.7K |
| Receivables | $4.0M | $4.9M | $8.9M | $384.0K | $349.8K | $177.0K | $244.4K | $170.5K | $294.5K | $96.8K |
| Inventory | $3.4M | $4.9M | $5.1M | $1.3M | $1.0M | $361.4K | $366.3K | $269.0K | $332.9K | $335.3K |
| Total current assets | $24.2M | $32.1M | $43.6M | $21.2M | $19.4M | $1.4M | $877.4K | $715.2K | $1.1M | $802.1K |
| Property, plant and equipment | $2.5M | $3.4M | $4.0M | $1.2M | $1.0M | $1.1M | $1.3M | $1.5M | $1.8M | $2.0M |
| Goodwill | $156.0K | $156.0K | $731.0K | $0 | $0 | — | — | — | — | — |
| Other intangibles | $422.0K | $524.0K | $14.4M | $50.0K | $75.0K | $100.0K | $125.0K | $200.0K | $225.0K | $250.0K |
| Total assets | $27.5M | $37.1M | $64.5M | $28.6M | $20.6M | $2.6M | $2.4M | $2.4M | $3.6M | $3.0M |
| Accounts payable | $5.8M | $6.6M | $12.1M | $1.2M | $846.4K | $747.5K | $901.2K | $625.2K | $855.7K | $536.9K |
| Total current liabilities | $9.1M | $8.2M | $14.2M | $2.1M | $2.8M | $1.5M | $1.4M | $1.1M | $1.2M | $720.6K |
| Long-term debt | $1.3M | $1.4M | $1.5M | — | — | — | — | — | — | — |
| Total liabilities | $10.0M | $9.7M | $16.4M | $2.9M | $3.0M | $2.1M | $1.8M | $1.1M | $1.2M | $720.6K |
| Retained earnings | -$60.1M | -$48.4M | -$34.9M | -$31.1M | -$22.0M | -$13.9M | -$11.1M | -$9.7M | -$8.5M | -$4.6M |
| Total equity | $17.3M | $27.3M | $48.1M | $25.8M | $17.5M | $565.2K | $639.7K | $1.4M | $1.9M | $2.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.1M | -$5.5M | -$3.6M | -$3.6M | -$4.1M | -$837.0K | -$659.2K | -$590.2K | -$315.2K | -$1.0M |
| Depreciation and amortisation | $535.0K | $768.0K | $758.0K | $465.0K | $292.1K | $269.9K | $250.3K | $263.9K | $259.4K | $266.8K |
| Stock-based compensation | — | — | — | — | $3.8M | $904.9K | — | $219.5K | $600.0K | $190.0K |
| Capital expenditure | $71.0K | $189.0K | $647.0K | $716.0K | $229.3K | $34.9K | $70.2K | $30.3K | $33.2K | $26.4K |
| Investing cash flow | $163.0K | -$953.0K | $5.2M | -$7.7M | -$229.3K | -$34.9K | -$70.2K | -$30.3K | -$33.2K | -$26.4K |
| Financing cash flow | -$225.0K | $72.0K | $5.9M | $13.0M | $20.8M | $1.6M | $659.3K | $532.0K | $439.5K | $242.6K |
| Buybacks | $100.0K | $0 | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-014186.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.7M | $6.0M | $5.7M | $5.9M | $5.7M | $7.7M | $11.7M | $37.8M | $66.1M | $54.3M |
| Gross profit | $1.1M | $1.2M | $1.0M | $1.2M | $1.2M | $1.9M | $2.5M | $11.3M | $17.0M | $10.9M |
| Net income | -$2.6M | -$3.9M | -$1.2M | -$1.4M | -$2.8M | -$8.1M | -$9.2M | -$12.4K | -$22.5K | -$10.5K |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Other event Item 8.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 4813
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| VZ | VERIZON COMMUNICATIONS INC | $185.55B | 11.0x | 2.5% |
| T | AT&T INC. | $143.42B | 6.9x | 2.7% |
| LUMN | Lumen Technologies, Inc. | $4.71B | — | -6.6% |
| TDS | TELEPHONE & DATA SYSTEMS INC /DE/ | $4.05B | — | -9.0% |
| IDT | IDT CORP | $2.05B | 27.4x | 2.1% |
| ATEX | Anterix Inc. | $1.47B | 15.5x | 7.8% |
| UNIT | Uniti Group Inc. | $1.23B | 1.0x | 91.5% |
| SHEN | SHENANDOAH TELECOMMUNICATIONS CO/VA/ | $572.6M | — | 9.1% |