NASDAQ : NXPL
NextPlat Corp — Financial statements
Technology · Software - Application · United States
Last price 8.09 USD (Oct 30, 2026, 3:32 PM EDT) · Market cap 21.95M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
NextPlat Corp (NXPL) reported revenue of 48.89M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 48.89M | 54.32M | 66.08M | 37.76M | 11.71M | 7.74M |
| Cost of Revenue | 35.63M | 43.42M | 49.07M | 26.45M | 9.22M | 5.88M |
| Gross Profit | 13.27M | 10.91M | 17.01M | 11.31M | 2.49M | 1.86M |
| Selling, General & Admin | 18.89M | 19.01M | 23.88M | 18.53M | 9.20M | 8.16M |
| Amortization of Goodwill & Intangibles | 102.00K | 102.00K | 1.71M | |||
| Operating Expenses | 19.33M | 19.66M | 26.38M | 20.64M | 9.69M | 8.48M |
| Operating Income | -6.07M | -8.75M | -9.37M | -9.33M | -7.20M | -6.62M |
| Interest Expense | -64.00K | -64.00K | -81.00K | -79.00K | -24.00K | -1.47M |
| Interest & Investment Income | 358.00K | 358.00K | 731.00K | 620.00K | 21.00K | 6.88K |
| Earnings From Equity Investments | -1.44M | -1.74M | ||||
| Currency Exchange Gain (Loss) | 206.00K | 206.00K | -65.00K | 107.00K | -129.00K | -45.74K |
| Other Non Operating Income (Expenses) | -220.00K | 2.00K | 317.00K | |||
| EBT Excluding Unusual Items | -5.79M | -8.25M | -8.79M | -9.81M | -9.07M | -8.13M |
| Impairment of Goodwill | -700.00K | -13.89M | ||||
| Gain (Loss) on Sale of Investments | 11.35M | |||||
| Gain (Loss) on Sale of Assets | -213.00K | -213.00K | 94.00K | |||
| Asset Writedown | -13.06M | -28.00K | ||||
| Legal Settlements | -2.00M | -2.00M | ||||
| Other Unusual Items | 20.83K | |||||
| Pretax Income | -8.00M | -10.46M | -22.45M | -12.38M | -9.07M | -8.11M |
| Income Tax Expense | 8.00K | 71.00K | 28.00K | 87.00K | ||
| Earnings From Continuing Operations | -8.01M | -10.46M | -22.53M | -12.41M | -9.16M | -8.11M |
| Minority Interest in Earnings | 14.00K | 9.10M | 8.63M | |||
| Net Income | -7.99M | -10.46M | -13.43M | -3.78M | -9.16M | -8.11M |
| Net Income to Common | -7.99M | -10.46M | -13.43M | -3.78M | -9.16M | -8.11M |
| Shares Outstanding (Basic) | 2.71M | 2.65M | 2.06M | 1.75M | 959.20K | 408.08K |
| Shares Outstanding (Diluted) | 2.71M | 2.65M | 2.06M | 1.75M | 959.20K | 408.08K |
| EPS (Basic) | -2.95 | -3.94 | -6.51 | -2.16 | -9.55 | -19.87 |
| EPS (Diluted) | -3.40 | -4.40 | -6.51 | -2.20 | -9.60 | -19.87 |
| Free Cash Flow | -4.57M | -6.20M | -5.65M | -4.24M | -4.32M | -4.32M |
| Free Cash Flow Per Share | -1.69 | -2.34 | -2.74 | -2.42 | -4.50 | -10.59 |
| Gross Margin | 27.13% | 20.08% | 25.74% | 29.96% | 21.25% | 24.03% |
| Operating Margin | -12.41% | -16.11% | -14.18% | -24.72% | -61.51% | -85.56% |
| Profit Margin | -16.35% | -19.26% | -20.32% | -10.01% | -78.23% | -104.75% |
| Free Cash Flow Margin | -9.34% | -11.42% | -8.55% | -11.24% | -36.87% | -55.83% |
| EBITDA | -5.63M | -8.11M | -6.88M | -7.22M | -6.71M | -6.31M |
| EBITDA Margin | -11.51% | -14.93% | -10.40% | -19.13% | -57.33% | -81.46% |
| D&A For EBITDA | 441.00K | 642.00K | 2.50M | 2.11M | 490.00K | 317.10K |
| EBIT | -6.07M | -8.75M | -9.37M | -9.33M | -7.20M | -6.62M |
| EBIT Margin | -12.41% | -16.11% | -14.18% | -24.72% | -61.51% | -85.56% |
| Revenue as Reported | 54.32M | 54.32M | 66.08M | 37.76M | 11.71M | |
| Advertising Expenses | 200.00K | 200.00K | 200.00K | 93.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 11.94M | 13.71M | 19.96M | 26.31M | 18.89M | 17.27M |
| Cash & Short-Term Investments | 11.94M | 13.71M | 19.96M | 26.31M | 18.89M | 17.27M |
| Accounts Receivable | 8.25M | 4.31M | 5.13M | 9.11M | 526.00K | 450.26K |
| Other Receivables | 2.28M | 1.70M | 2.19M | 433.00K | 491.42K | |
| Receivables | 8.25M | 6.59M | 6.83M | 11.56M | 959.00K | 941.67K |
| Inventory | 4.06M | 3.40M | 4.88M | 5.13M | 1.29M | 1.02M |
| Prepaid Expenses | 463.00K | 404.00K | 640.00K | 46.00K | 97.07K | |
| Other Current Assets | 899.00K | 48.54K | ||||
| Total Current Assets | 25.15M | 24.16M | 32.08M | 43.64M | 21.18M | 19.37M |
| Property, Plant & Equipment | 2.96M | 2.69M | 4.22M | 5.58M | 2.10M | 1.07M |
| Long-Term Investments | 5.26M | |||||
| Goodwill | 156.00K | 156.00K | 156.00K | 731.00K | ||
| Other Intangible Assets | 371.00K | 422.00K | 524.00K | 14.42M | 50.00K | 75.00K |
| Other Long-Term Assets | 37.00K | 37.00K | 94.00K | 100.00K | 49.00K | 49.87K |
| Total Assets | 28.67M | 27.46M | 37.08M | 64.47M | 28.64M | 20.57M |
| Accounts Payable | 7.61M | 5.81M | 6.60M | 12.14M | 1.20M | 846.38K |
| Accrued Expenses | 804.00K | 631.00K | 538.00K | 958.00K | 149.00K | 66.75K |
| Short-Term Debt | 82.00K | 48.00K | 18.00K | 28.00K | 35.31K | |
| Current Portion of Long-Term Debt | 189.00K | 416.00K | 380.00K | 312.00K | 60.00K | 56.39K |
| Current Portion of Leases | 186.00K | 158.00K | 409.00K | 550.00K | 209.00K | 19.76K |
| Current Income Taxes Payable | 12.00K | 54.00K | 139.00K | 94.00K | 56.78K | |
| Current Unearned Revenue | 193.00K | 89.00K | 42.00K | 36.00K | 36.77K | |
| Other Current Liabilities | 2.19M | 1.82M | 96.00K | 76.00K | 286.00K | 1.66M |
| Total Current Liabilities | 10.98M | 9.13M | 8.21M | 14.24M | 2.06M | 2.78M |
| Long-Term Debt | 815.00K | 876.00K | 1.03M | 1.21M | 156.00K | 253.76K |
| Long-Term Leases | 390.00K | 41.00K | 438.00K | 934.00K | 650.00K | |
| Total Liabilities | 12.19M | 10.04M | 9.68M | 16.38M | 2.87M | 3.03M |
| Common Stock | 3.00K | 3.00K | 2.00K | 1.00K | 705.00 | |
| Additional Paid-In Capital | 77.91M | 77.59M | 75.70M | 67.17M | 56.96M | 39.51M |
| Retained Earnings | -61.33M | -60.06M | -48.35M | -34.92M | -31.15M | -21.99M |
| Treasury Stock | -100.00K | -100.00K | ||||
| Comprehensive Income & Other | -101.00K | -118.00K | -66.00K | -63.00K | -41.00K | 3.24K |
| Total Common Equity | 16.39M | 17.31M | 27.28M | 32.18M | 25.78M | 17.53M |
| Minority Interest | 100.00K | 114.00K | 114.00K | 15.90M | ||
| Shareholders' Equity | 16.48M | 17.42M | 27.40M | 48.09M | 25.78M | 17.53M |
| Total Liabilities & Equity | 28.67M | 27.46M | 37.08M | 64.47M | 28.64M | 20.57M |
| Total Debt | 1.58M | 1.57M | 2.31M | 3.02M | 1.10M | 365.22K |
| Net Cash (Debt) | 10.36M | 12.14M | 17.65M | 23.28M | 17.79M | 16.90M |
| Net Cash Per Share | 3.83 | 4.57 | 8.56 | 13.31 | 18.54 | 41.42 |
| Filing Date Shares Outstanding | 2.71M | 2.70M | 2.60M | 1.87M | 1.44M | 929.31K |
| Total Common Shares Outstanding | 2.71M | 2.68M | 2.60M | 1.87M | 1.44M | 705.32K |
| Working Capital | 14.16M | 15.03M | 23.87M | 29.40M | 19.12M | 16.59M |
| Book Value Per Share | 6.04 | 6.47 | 10.51 | 17.19 | 17.90 | 24.86 |
| Tangible Book Value | 15.86M | 16.73M | 26.60M | 17.03M | 25.73M | 17.46M |
| Tangible Book Value Per Share | 5.84 | 6.25 | 10.25 | 9.09 | 17.86 | 24.75 |
| Land | 184.00K | 184.00K | 184.00K | |||
| Buildings | 2.12M | 2.12M | 2.12M | |||
| Machinery | 825.00K | 1.42M | 1.30M | 238.00K | 137.72K | |
| Construction In Progress | 22.00K | |||||
| Leasehold Improvements | 129.00K | 177.00K | 124.00K | 48.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -7.99M | -10.46M | -13.43M | -3.78M | -9.16M | -8.11M |
| Depreciation & Amortization | 772.00K | 1.04M | 2.82M | 2.53M | 596.00K | 350.06K |
| Other Amortization | 1.43M | |||||
| Loss (Gain) From Sale of Assets | 50.00K | 213.00K | -94.00K | |||
| Asset Writedown & Restructuring Costs | 13.76M | 13.92M | ||||
| Loss (Gain) From Sale of Investments | -11.35M | |||||
| Loss (Gain) on Equity Investments | 1.44M | 1.74M | ||||
| Stock-Based Compensation | 951.00K | 640.00K | 1.63M | 5.38M | 2.97M | 3.76M |
| Provision & Write-off of Bad Debts | 30.00K | -101.00K | -131.00K | 47.00K | ||
| Other Operating Activities | -10.00K | 21.00K | -8.72M | -8.63M | 43.00K | -20.83K |
| Change in Accounts Receivable | -4.33M | 328.00K | 4.70M | -3.50M | -75.00K | -197.67K |
| Change in Inventory | 1.15M | 1.46M | 12.00K | -2.22M | -267.00K | -658.27K |
| Change in Accounts Payable | 5.13M | 1.17M | -6.04M | 3.23M | 453.00K | 10.74K |
| Change in Unearned Revenue | 104.00K | 104.00K | 47.00K | 6.00K | 61.00 | |
| Change in Income Taxes | -42.00K | -42.00K | -85.00K | 45.00K | 37.00K | 37.82K |
| Change in Other Net Operating Assets | -344.00K | -505.00K | 54.00K | -607.00K | 59.00K | -690.13K |
| Operating Cash Flow | -4.53M | -6.13M | -5.46M | -3.60M | -3.60M | -4.09M |
| Capital Expenditures | -37.00K | -71.00K | -189.00K | -647.00K | -716.00K | -229.31K |
| Sale of Property, Plant & Equipment | 102.00K | 234.00K | 94.00K | |||
| Cash Acquisitions | -858.00K | 7.35M | ||||
| Investment in Securities | -1.51M | -7.00M | ||||
| Investing Cash Flow | 65.00K | 163.00K | -953.00K | 5.20M | -7.72M | -229.31K |
| Long-Term Debt Issued | 350.00K | |||||
| Total Debt Issued | 350.00K | |||||
| Short-Term Debt Repaid | -10.00K | -7.00K | -188.60K | |||
| Long-Term Debt Repaid | -125.00K | -135.00K | -314.00K | -60.00K | -28.20K | |
| Total Debt Repaid | -152.00K | -125.00K | -135.00K | -324.00K | -67.00K | -216.79K |
| Net Debt Issued (Repaid) | -152.00K | -125.00K | -135.00K | -324.00K | -67.00K | 133.21K |
| Issuance of Common Stock | 85.00K | 6.18M | 13.83M | 20.68M | ||
| Repurchase of Common Stock | -100.00K | -100.00K | ||||
| Other Financing Activities | 122.00K | -754.00K | 4.32K | |||
| Financing Cash Flow | -252.00K | -225.00K | 72.00K | 5.86M | 13.01M | 20.82M |
| Foreign Exchange Rate Adjustments | 20.00K | -59.00K | -2.00K | -47.00K | -70.00K | 43.30K |
| Net Cash Flow | -4.70M | -6.25M | -6.35M | 7.42M | 1.62M | 16.54M |
| Free Cash Flow | -4.57M | -6.20M | -5.65M | -4.24M | -4.32M | -4.32M |
| Free Cash Flow Margin | -9.34% | -11.42% | -8.55% | -11.24% | -36.87% | -55.83% |
| Free Cash Flow Per Share | -1.69 | -2.34 | -2.74 | -2.42 | -4.50 | -10.59 |
| Levered Free Cash Flow | -140.88K | -1.13M | -2.42M | -2.07M | -2.75M | -3.52M |
| Unlevered Free Cash Flow | -100.88K | -1.09M | -2.36M | -2.02M | -2.74M | -4.03M |
| Cash Interest Paid | 63.00K | 64.00K | 81.00K | 11.00K | 143.23K | |
| Cash Income Tax Paid | 35.00K | 35.00K | 156.00K | 10.00K | 38.62K | |
| Change in Working Capital | 1.67M | 2.52M | -1.31M | -3.04M | 207.00K | -1.50M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.00M | 14.05M | 28.04M | 30.90M | 12.16M | 20.99M |
| Enterprise Value | 11.64M | 1.95M | 17.52M | 23.67M | 775.88K | 4.27M |
| Last Close Price | 8.11 | 5.34 | 10.80 | 16.50 | 12.60 | 32.40 |
| PS Ratio | 0.45 | 0.26 | 0.42 | 0.82 | 1.04 | 2.71 |
| PB Ratio | 1.34 | 0.81 | 1.02 | 0.64 | 0.47 | 1.20 |
| P/TBV Ratio | 1.39 | 0.84 | 1.05 | 1.81 | 0.47 | 1.20 |
| EV/Sales Ratio | 0.24 | 0.04 | 0.27 | 0.63 | 0.07 | 0.55 |
| Debt / Equity Ratio | 0.10 | 0.09 | 0.08 | 0.06 | 0.04 | 0.02 |
| Net Debt / Equity Ratio | -0.63 | -0.70 | -0.64 | -0.48 | -0.69 | -0.96 |
| Net Debt / EBITDA Ratio | 1.84 | 1.50 | 2.57 | 3.22 | 2.65 | 2.68 |
| Net Debt / FCF Ratio | 2.27 | 1.96 | 3.12 | 5.49 | 4.12 | 3.91 |
| Asset Turnover | 1.64 | 1.68 | 1.30 | 0.81 | 0.48 | 0.67 |
| Inventory Turnover | 7.68 | 10.49 | 9.80 | 8.24 | 8.00 | 8.52 |
| Quick Ratio | 1.84 | 2.22 | 3.26 | 2.64 | 9.63 | 6.55 |
| Current Ratio | 2.29 | 2.65 | 3.91 | 3.06 | 10.27 | 6.97 |
| Return on Equity (ROE) | -39.95% | -46.69% | -59.68% | -33.60% | -42.31% | -89.61% |
| Return on Assets (ROA) | -12.70% | -16.95% | -11.54% | -12.53% | -18.30% | -35.68% |
| Return on Capital Employed (ROCE) | -34.30% | -47.70% | -32.50% | -18.60% | -27.10% | -37.20% |
| Earnings Yield | -41.95% | -74.49% | -47.88% | -12.23% | -75.35% | -38.62% |
| FCF Yield | -20.75% | -44.15% | -20.16% | -13.73% | -35.52% | -20.59% |
| Buyback Yield / Dilution | -11.79% | -28.72% | -17.84% | -82.38% | -135.05% |