NextPlat Corp
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $54.3M | $66.1M | $37.8M | $11.7M | $7.7M |
| Cost of revenue | $43.4M | $49.1M | $26.4M | $9.2M | $5.9M |
| Gross profit | $10.9M | $17.0M | $11.3M | $2.5M | $1.9M |
| Selling, general & administrative | $6.0M | $6.2M | $9.9M | $5.1M | $5.1M |
| Research and development | — | — | — | — | $0 |
| Operating expenses | $19.9M | $40.0M | $34.5M | $9.7M | $8.5M |
| Operating income | -$9.0M | -$23.0M | -$23.2M | -$7.2M | -$6.6M |
| Interest expense | $64,000 | $81,000 | $79,000 | $24,000 | — |
| Pretax income | -$10.5M | -$23.1M | -$22.3M | -$7.3M | -$8.1M |
| Income tax expense | $0 | $71,000 | $28,000 | $87,000 | $15,000 |
| Net income | -$10.5M | -$14.0M | -$3.8M | -$9.2M | -$8.1M |
| Balance Sheet | |||||
| Cash and equivalents | $13.7M | $20.0M | $26.3M | $18.9M | $17.3M |
| Current assets | $24.2M | $32.1M | $43.6M | $21.2M | $19.4M |
| Total assets | $27.5M | $37.1M | $64.5M | $28.6M | $20.6M |
| Current liabilities | $9.1M | $8.2M | $14.2M | $2.1M | $2.8M |
| Total liabilities | $10.0M | $9.7M | $16.4M | $2.9M | $3.0M |
| Stockholders' equity | $17.3M | $27.3M | $32.2M | $25.8M | $17.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$6.1M | -$5.5M | -$3.6M | -$3.6M | -$4.1M |
| Depreciation and amortization | $535,000 | $768,000 | $758,000 | $465,000 | $292,102 |
| Stock-based compensation | $600,000 | $1.6M | $5.4M | $3.0M | $3.8M |
| Capital expenditure | $71,000 | $189,000 | $647,000 | $716,000 | $229,307 |
| Free cash flow | -$6.2M | -$5.7M | -$4.2M | -$4.3M | -$4.3M |
| Share repurchases | $100,000 | $0 | — | — | — |
| Impairments | $0 | $111,000 | $28,000 | $0 | — |
Shares outstanding 2.7M · Free float 53.1%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.