N
NextPlat Corp
NXPLCIK 0001058307NasdaqNon-AcceleratedSmaller ReportingTelephone Communications (No Radiotelephone)NevadaFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-10.46M
Total Assets
$27.46M
Equity
$17.31M
Shares Out
2.71M
Op. Cash Flow
$-6.13M
Business
NextPlat Corp is a global e-commerce and healthcare services company operating two reportable segments: e-Commerce Operations and Healthcare Operations. The e-commerce segment distributes satellite-enabled communications products and connectivity services globally through proprietary websites and third-party marketplaces including Amazon, reaching over 165 countries. The healthcare segment provides prescription pharmacy services, specialty medications, medication therapy management, and healthcare data analytics through physical pharmacy locations and technology platforms primarily in Florida, with the majority of revenue derived from healthcare operations.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 54 | 66 | 38 | 12 | — | |
| Cost of revenue | 43 | 49 | 26 | 9 | 6 | |
| Gross profit | 11 | 17 | 11 | 2 | 2 | |
| Selling, general and administrative | 6 | 6 | 10 | 5 | 5 | |
| Salaries, wages and payroll taxes | 11 | 13 | 7 | 3 | 2 | |
| Goodwill, Impairment Loss | 0 | 14 | 14 | 0 | — | |
| Professional fees | 2 | 4 | 2 | 2 | 1 | |
| Depreciation and amortization | 540,000 | 788,000 | — | — | — | |
| Intangible asset amortization | 100,000 | 2 | — | — | — | |
| Loss on settlement of litigation | 250,000 | 0 | — | — | — | |
| Total operating expenses | 20 | 40 | 35 | 10 | 8 | |
| Loss before other (income) expense | −9 | −23 | −23 | −7 | −7 | |
| Loss (gain) on sale or disposal of property and equipment | 213,000 | −94,000 | 0 | — | — | |
| Interest expense | 64,000 | 81,000 | 79,000 | — | — | |
| Interest earned | −358,000 | −731,000 | −620,000 | −21,000 | — | |
| Contingent loss on settlement of litigation | 2 | 0 | — | — | — | |
| Asset Impairment Charges | 0 | 111,000 | 28,000 | 0 | — | |
| Other income | 0 | −2,000 | −317,000 | 0 | — | |
| Foreign currency exchange rate variance | −206,000 | 65,000 | −107,000 | 129,000 | 45,737 | |
| Total other expense (income) | 1 | −570,000 | −937,000 | 132,000 | 1 | |
| Loss before income taxes | −10 | −22 | — | −7 | −8 | |
| Income taxes | 0 | −71,000 | −28,000 | −87,000 | — | |
| Net loss | −10 | −23 | −12 | −9 | −8 | |
| Deemed dividend | −1 | 0 | — | — | — | |
| Net loss attributable to non-controlling interest | 0 | 9 | 9 | 0 | — | |
| Net loss attributable to common stockholders | −12 | −13 | −4 | — | — | |
| Foreign currency loss | −52,000 | −3,000 | −22,000 | −44,000 | — | |
| Comprehensive loss | −11 | −23 | −12 | −9 | −8 | |
| Weighted number of common shares outstanding basic and diluted (in shares) | 27 | 21 | 17 | 10 | 4 | |
| Basic and diluted loss per share (in dollars per share) | −0.44 | −0.65 | −0.22 | −0.96 | −1.98 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash | 14 | 20 | 26 | 19 | — | |
| Accounts receivable, net | 4 | 5 | 9 | 384,000 | — | |
| Receivables - other | 2 | 1 | 2 | 0 | — | |
| Inventory, net | 3 | 5 | 5 | 1 | — | |
| Unbilled revenue | 292,000 | 237,000 | 189,000 | 142,000 | — | |
| VAT receivable | 352,000 | 371,000 | 342,000 | 433,000 | 95,759 | |
| Prepaid expenses | 463,000 | 404,000 | 640,000 | 46,000 | — | |
| Total Current Assets | 24 | 32 | 44 | 21 | — | |
| Property and equipment, net | 3 | 3 | 4 | 1 | — | |
| Goodwill | 200,000 | 200,000 | 731,000 | 0 | — | |
| Intangible assets, net | 422,000 | 524,000 | 14 | 50,000 | — | |
| Operating right-of-use assets, net | 189,000 | 812,000 | 2 | 855,000 | — | |
| Finance right-of-use assets, net | 0 | 5,000 | 22,000 | 0 | — | |
| Deposits | 37,000 | 94,000 | 39,000 | 0 | — | |
| Total Other Assets | 804,000 | 2 | 17 | 6 | — | |
| Total Assets | 27 | 37 | 64 | 29 | — | |
| Accounts payable and accrued expenses | 8 | 7 | 13 | 2 | — | |
| Contract liabilities | 193,000 | 89,000 | 42,000 | 36,000 | — | |
| Notes payable | 416,000 | 380,000 | 312,000 | 60,000 | — | |
| Due to related party | 82,000 | 48,000 | 18,000 | 28,000 | — | |
| Operating lease liabilities | 158,000 | 404,000 | 532,000 | 209,000 | — | |
| Finance lease liabilities | 0 | 5,000 | 18,000 | 0 | — | |
| Income taxes payable | 12,000 | 54,000 | 139,000 | 94,000 | — | |
| Total Current Liabilities | 9 | 8 | 14 | 2 | — | |
| Long-term portion of notes payable | 876,000 | 1 | 1 | 156,000 | — | |
| Operating lease liabilities, net of current portion | 41,000 | 438,000 | 929,000 | 650,000 | — | |
| Total Liabilities | 10 | 10 | 16 | 3 | — | |
| Commitments and Contingencies | — | — | — | 0 | — | |
| Preferred stock ($0.0001 par value; 3,333,333 shares authorized; no shares issued or outstanding) | 0 | 0 | 0 | 0 | — | |
| Common stock ($0.0001 par value; 50,000,000 shares authorized; 26,767,882 and 25,963,051 shares issued and outstanding as of December 31, 2025 and 2024, respectively) | 3,000 | 3,000 | 2,000 | 1,000 | — | |
| Additional paid-in capital | 78 | 76 | 67 | 57 | — | |
| Accumulated deficit | −60 | −48 | −35 | −31 | — | |
| Accumulated other comprehensive loss | −118,000 | −66,000 | −63,000 | −41,000 | — | |
| Treasury stock (at cost, 130,549 shares at December 31, 2025 and no shares at December 31, 2024, respectively) | −100,000 | 0 | — | — | — | |
| Equity attributable to common stockholders | 17 | 27 | 32 | 26 | — | |
| Equity attributable to noncontrolling interests | 114,000 | 114,000 | 16 | 0 | — | |
| Total Equity | 17 | 27 | 48 | 26 | — | |
| Total Liabilities and Equity | 27 | 37 | 64 | 29 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash received from interest income | 358,000 | 987,000 | 620,000 | — | — | |
| Cash received from other sources | −245,000 | −94,000 | 317,000 | — | — | |
| Cash paid for inventory purchases and other costs of revenue | −47 | −49 | −5 | — | — | |
| Cash paid for salaries and related expenses | −10 | −11 | −7 | — | — | |
| Cash paid for other recurring operating expenses | −7 | −13 | — | — | — | |
| Cash paid for other non-recurring expenses and merger costs | −839,000 | −3 | 0 | — | — | |
| Cash paid for interest expense | −64,000 | −81,000 | −79,000 | 11,000 | 143,234 | |
| Cash paid for income taxes | −35,000 | −156,000 | — | 10,069 | 38,615 | |
| Net cash used in operating activities | −6 | −5 | −4 | — | — | |
| Purchase of property and equipment | −71,000 | −189,000 | −647,000 | −716,000 | −229,307 | |
| Proceeds from sale or disposal of property and equipment | 234,000 | 94,000 | 0 | — | — | |
| Net cash provided by (used in) investing activities | 163,000 | −953,000 | 5 | −8 | −229,307 | |
| Repayments of notes payable | −120,000 | −111,000 | −299,000 | −60,000 | — | |
| Acquisition of issued common stock held in treasury | −100,000 | 0 | — | — | — | |
| Payments on finance lease liabilities | −5,000 | −24,000 | −15,000 | 0 | — | |
| Proceeds from exercise of warrants | 0 | 85,000 | 184,000 | 0 | 5 | |
| Capital contribution of non-controlling interest | 0 | 122,000 | 0 | — | — | |
| Net cash (used in) provided by financing activities | −225,000 | 72,000 | 6 | 13 | 21 | |
| Net decrease in cash | −6 | −6 | 7 | 2 | 17 | |
| Effect of exchange rate on cash | −59,000 | −2,000 | −47,000 | −70,000 | 43,296 | |
| Depreciation expense | 500,000 | 800,000 | 800,000 | 465,000 | 292,102 | |
| Change in allowance for credit losses | −100,000 | −100,000 | 47,000 | 0 | — | |
| Change in inventory reserve | 21,000 | 379,000 | — | — | — | |
| Amortization of right-of-use assets - operating leases | 396,000 | 325,000 | 417,000 | 106,000 | 32,963 | |
| Amortization of right-of-use assets - finance leases | 5,000 | 20,000 | 15,000 | 0 | — | |
| Write-off of right-of-use asset | 0 | 111,000 | 28,000 | — | — | |
| Stock-based compensation | 640,000 | 2 | 5 | 3 | — | |
| Accounts receivable | 383,000 | 5 | −3 | −34,000 | −172,805 | |
| Inventories | 1 | 12,000 | −2 | −267,000 | −658,274 | |
| Unbilled revenue | −55,000 | −48,000 | −47,000 | −41,000 | −24,866 | |
| Prepaid expense | −59,000 | 309,000 | 22,000 | 52,000 | −145,151 | |
| Other assets | 0 | 256,000 | 0 | — | — | |
| Deposits | 57,000 | −55,000 | 0 | 49,000 | — | |
| VAT receivable | 19,000 | −29,000 | 91,000 | 59,000 | −491,417 | |
| Accounts payable and accrued expenses | 1 | −6 | 3 | 453,000 | 10,741 | |
| Operating lease liabilities | −522,000 | −427,000 | −464,000 | −101,000 | −32,936 | |
| Income taxes payable | −42,000 | −85,000 | 45,000 | 37,000 | — | |
| Contract liabilities | 104,000 | 47,000 | 6,000 | 0 | 61 | |
| Net cash used in operating activities | −6 | −5 | −4 | −4 | −4 |
Filings
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Frequently asked questions
What is NextPlat Corp's CIK number?
NextPlat Corp's SEC CIK number is 0001058307 (1058307). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NextPlat Corp's SEC filings?
All of NextPlat Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NextPlat Corp last report earnings?
NextPlat Corp (NXPL) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-016986). This is NextPlat Corp's most recent earnings filing of record — not a forecast of its next earnings date.
What is NextPlat Corp's most recent earnings 8-K?
NextPlat Corp's latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001437749-26-016986. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View NextPlat Corp's latest earnings 8-K →
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