NextPlat Equity Warrants Exp 29th Apr 2026 Financials
This page shows NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
A cost reset narrowed losses, but core operations still burn cash even with minimal reinvestment.
Between FY2024 and FY2025, revenue fell from$66.1M to$54.3M and gross margin slipped from25.7% to20.1% , yet operating loss improved from-$23.0M to-$9.0M . That combination points to a lower overhead base rather than healthier sales economics: the company became less unprofitable because it cut operating burden, not because each sale got more lucrative.
Cash conversion says the same thing in a different language: FY2025 net loss was
The balance sheet is strained more by persistence than leverage: cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of NextPlat Equity Warrants Exp 29th Apr 2026's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
NextPlat Equity Warrants Exp 29th Apr 2026 has an operating margin of -16.6%, meaning the company retains $-17 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -34.8% the prior year.
NextPlat Equity Warrants Exp 29th Apr 2026's revenue declined 17.8% year-over-year, from $66.1M to $54.3M. This contraction results in a growth score of 67/100.
NextPlat Equity Warrants Exp 29th Apr 2026 carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
NextPlat Equity Warrants Exp 29th Apr 2026's current ratio of 2.65 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.
While NextPlat Equity Warrants Exp 29th Apr 2026 generated -$6.1M in operating cash flow, capex of $71K consumed most of it, leaving -$6.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
NextPlat Equity Warrants Exp 29th Apr 2026 generates a -0.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is up from -0.1% the prior year.
NextPlat Equity Warrants Exp 29th Apr 2026 passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, NextPlat Equity Warrants Exp 29th Apr 2026 generates $585.87 in operating cash flow (-$6.1M OCF vs -$10K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
NextPlat Equity Warrants Exp 29th Apr 2026 earns $-140.6 in operating income for every $1 of interest expense (-$9.0M vs $64K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
NextPlat Equity Warrants Exp 29th Apr 2026 generated $54.3M in revenue in fiscal year 2025. This represents a decrease of 17.8% from the prior year.
NextPlat Equity Warrants Exp 29th Apr 2026's EBITDA was -$8.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 62.0% from the prior year.
NextPlat Equity Warrants Exp 29th Apr 2026 reported -$10K in net income in fiscal year 2025. This represents an increase of 53.6% from the prior year.
NextPlat Equity Warrants Exp 29th Apr 2026 earned $-0.44 per diluted share (EPS) in fiscal year 2025. This represents an increase of 32.3% from the prior year.
Cash & Balance Sheet
NextPlat Equity Warrants Exp 29th Apr 2026 generated -$6.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 9.7% from the prior year.
NextPlat Equity Warrants Exp 29th Apr 2026 held $13.7M in cash against $1.3M in long-term debt as of fiscal year 2025.
NextPlat Equity Warrants Exp 29th Apr 2026 had 3M shares outstanding in fiscal year 2025. This represents a decrease of 89.7% from the prior year.
Margins & Returns
NextPlat Equity Warrants Exp 29th Apr 2026's gross margin was 20.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 5.7 percentage points from the prior year.
NextPlat Equity Warrants Exp 29th Apr 2026's operating margin was -16.6% in fiscal year 2025, reflecting core business profitability. This is up 18.3 percentage points from the prior year.
NextPlat Equity Warrants Exp 29th Apr 2026's net profit margin was -0.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.0 percentage points from the prior year.
NextPlat Equity Warrants Exp 29th Apr 2026's ROE was -0.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.0 percentage points from the prior year.
Capital Allocation
NextPlat Equity Warrants Exp 29th Apr 2026 spent $100K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
NextPlat Equity Warrants Exp 29th Apr 2026 invested $71K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 62.4% from the prior year.
NXPLW Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $9.9M-26.5% | $13.4M-2.5% | $13.8M+3.9% | $13.2M-4.9% | $13.9M-14.2% | $16.2M+5.6% | $15.4M-9.5% | $17.0M |
| Cost of Revenue | $6.4M-41.3% | $11.0M-0.4% | $11.0M+6.4% | $10.4M-6.4% | $11.1M-18.1% | $13.5M+14.4% | $11.8M+6.1% | $11.1M |
| Gross Profit | $3.4M+40.5% | $2.4M-11.0% | $2.7M-5.3% | $2.9M+0.7% | $2.9M+4.9% | $2.7M-23.3% | $3.6M-39.3% | $5.9M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.0M+96.1% | $1.0M-32.3% | $1.5M+2.5% | $1.5M-27.7% | $2.0M+38.0% | $1.5M-14.6% | $1.7M+7.8% | $1.6M |
| Operating Income | -$1.1M+64.4% | -$3.1M-55.8% | -$2.0M-8.7% | -$1.8M+12.2% | -$2.1M+8.9% | -$2.3M+71.4% | -$8.0M+26.6% | -$10.9M |
| Interest Expense | N/A | $17K+21.4% | $14K-6.7% | $15K-16.7% | $18K-5.3% | $19K-13.6% | $22K+15.8% | $19K |
| Income Tax | $0+100.0% | -$14K+46.2% | -$26K-183.9% | $31K+244.4% | $9K+142.9% | -$21K-146.7% | $45K+125.0% | $20K |
| Net Income | -$1.1M-118.9% | $5.9M+370.3% | -$2.2M-22.1% | -$1.8M+7.9% | -$1.9M-117.7% | $11.0M+360.6% | -$4.2M+20.6% | -$5.3M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | $-0.05 | N/A | $-0.22 | N/A |
NXPLW Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $26.9M-2.0% | $27.5M-8.5% | $30.0M-3.3% | $31.0M-11.8% | $35.2M-5.1% | $37.1M-9.8% | $41.1M-20.1% | $51.5M |
| Current Assets | $23.3M-3.7% | $24.2M-7.8% | $26.2M-2.4% | $26.9M-11.9% | $30.5M-5.0% | $32.1M-10.4% | $35.8M-14.9% | $42.0M |
| Cash & Equivalents | $11.0M-19.7% | $13.7M-1.6% | $13.9M-16.3% | $16.6M-6.2% | $17.7M-11.1% | $20.0M-2.0% | $20.4M-18.2% | $24.9M |
| Inventory | $4.0M+16.8% | $3.4M-39.5% | $5.6M+7.7% | $5.2M+15.6% | $4.5M-7.6% | $4.9M-23.3% | $6.4M+35.3% | $4.7M |
| Accounts Receivable | $7.2M+21.6% | $5.9M+47.9% | $4.0M+27.4% | $3.2M-43.0% | $5.5M+12.9% | $4.9M-25.6% | $6.6M-36.6% | $10.4M |
| Goodwill | N/A | $156K0.0% | $156K0.0% | $156K0.0% | $156K0.0% | $156K0.0% | $156K0.0% | $156K |
| Total Liabilities | $10.3M+3.0% | $10.0M+18.6% | $8.5M+14.0% | $7.4M-23.9% | $9.8M+0.8% | $9.7M-14.4% | $11.3M-54.6% | $24.9M |
| Current Liabilities | $9.1M-0.4% | $9.1M+23.9% | $7.4M+18.6% | $6.2M-26.3% | $8.4M+2.6% | $8.2M-15.1% | $9.7M-24.1% | $12.8M |
| Long-Term Debt | $1.2M-10.9% | $1.3M+11.5% | $1.2M+0.3% | $1.2M-9.9% | $1.3M-9.1% | $1.4M-8.4% | $1.5M+16.3% | $1.3M |
| Total Equity | $16.5M-4.8% | $17.3M-19.2% | $21.4M-8.8% | $23.5M-7.3% | $25.3M-7.1% | $27.3M+21.5% | $22.5M-15.3% | $26.5M |
| Retained Earnings | -$61.2M-1.9% | -$60.1M-10.7% | -$54.3M-4.2% | -$52.1M-3.6% | -$50.3M-4.0% | -$48.4M-5.3% | -$45.9M-10.1% | -$41.7M |
NXPLW Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.6M-755.3% | -$302K+88.9% | -$2.7M-162.1% | -$1.0M+49.4% | -$2.1M-332.6% | -$476K+89.7% | -$4.6M-299.9% | $2.3M |
| Capital Expenditures | $0-100.0% | $37K | $0-100.0% | $12K-45.5% | $22K+168.8% | -$32K-133.0% | $97K+61.7% | $60K |
| Free Cash Flow | -$2.6M-661.9% | -$339K+87.6% | -$2.7M-159.1% | -$1.1M+49.4% | -$2.1M-309.6% | -$508K+89.2% | -$4.7M-309.5% | $2.2M |
| Investing Cash Flow | $0+100.0% | -$37K-136.3% | $102K-15.0% | $120K+645.5% | -$22K-178.6% | $28K | $0+100.0% | -$918K |
| Financing Cash Flow | -$141K-206.0% | $133K+237.1% | -$97K+23.6% | -$127K+5.2% | -$134K-709.1% | $22K-73.8% | $84K+354.5% | -$33K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $0 | N/A | N/A | N/A | $0 | N/A | N/A |
NXPLW Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.6%+16.5pp | 18.1%-1.7pp | 19.9%-1.9pp | 21.8%+1.2pp | 20.6%+3.8pp | 16.8%-6.3pp | 23.2%-11.3pp | 34.5% |
| Operating Margin | -11.2%+11.9pp | -23.1%-8.6pp | -14.5%-0.7pp | -13.8%+1.2pp | -15.0%-0.9pp | -14.1%+38.0pp | -52.0%+12.1pp | -64.1% |
| Net Margin | -11.3%-55.4pp | 44.1%+60.0pp | -15.9%-2.4pp | -13.5%+0.4pp | -14.0%-81.6pp | 67.7%+95.1pp | -27.4%+3.8pp | -31.3% |
| Return on Equity | -6.8%-40.9pp | 34.1%+44.3pp | -10.2%-2.6pp | -7.6%+0.1pp | -7.7%-47.9pp | 40.3%+59.0pp | -18.8%+1.2pp | -20.0% |
| Return on Assets | -4.2%-25.7pp | 21.5%+28.8pp | -7.3%-1.5pp | -5.8%-0.2pp | -5.5%-35.2pp | 29.6%+39.9pp | -10.3%+0.1pp | -10.3% |
| Current Ratio | 2.56-0.1 | 2.65-0.9 | 3.56-0.8 | 4.33+0.7 | 3.62-0.3 | 3.91+0.2 | 3.70+0.4 | 3.30 |
| Debt-to-Equity | 0.070.0 | 0.07+0.0 | 0.050.0 | 0.050.0 | 0.050.0 | 0.05-0.0 | 0.07+0.0 | 0.05 |
| FCF Margin | -26.2%-23.7pp | -2.5%+17.3pp | -19.8%-11.9pp | -8.0%+7.0pp | -14.9%-11.8pp | -3.1%+27.5pp | -30.6%-43.8pp | 13.2% |
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Frequently Asked Questions
What is NextPlat Equity Warrants Exp 29th Apr 2026's annual revenue?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) reported $54.3M in total revenue for fiscal year 2025. This represents a -17.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NextPlat Equity Warrants Exp 29th Apr 2026's revenue growing?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) revenue declined by 17.8% year-over-year, from $66.1M to $54.3M in fiscal year 2025.
Is NextPlat Equity Warrants Exp 29th Apr 2026 profitable?
No, NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) reported a net income of -$10K in fiscal year 2025, with a net profit margin of -0.0%.
What is NextPlat Equity Warrants Exp 29th Apr 2026's EBITDA?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) had EBITDA of -$8.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does NextPlat Equity Warrants Exp 29th Apr 2026 have?
As of fiscal year 2025, NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) had $13.7M in cash and equivalents against $1.3M in long-term debt.
What is NextPlat Equity Warrants Exp 29th Apr 2026's gross margin?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) had a gross margin of 20.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is NextPlat Equity Warrants Exp 29th Apr 2026's operating margin?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) had an operating margin of -16.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is NextPlat Equity Warrants Exp 29th Apr 2026's net profit margin?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) had a net profit margin of -0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is NextPlat Equity Warrants Exp 29th Apr 2026's return on equity (ROE)?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) has a return on equity of -0.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is NextPlat Equity Warrants Exp 29th Apr 2026's free cash flow?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) generated -$6.2M in free cash flow during fiscal year 2025. This represents a -9.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is NextPlat Equity Warrants Exp 29th Apr 2026's operating cash flow?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) generated -$6.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are NextPlat Equity Warrants Exp 29th Apr 2026's total assets?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) had $27.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are NextPlat Equity Warrants Exp 29th Apr 2026's capital expenditures?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) invested $71K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is NextPlat Equity Warrants Exp 29th Apr 2026's current ratio?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) had a current ratio of 2.65 as of fiscal year 2025, which is generally considered healthy.
What is NextPlat Equity Warrants Exp 29th Apr 2026's debt-to-equity ratio?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NextPlat Equity Warrants Exp 29th Apr 2026's return on assets (ROA)?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) had a return on assets of -0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is NextPlat Equity Warrants Exp 29th Apr 2026's cash runway?
Based on fiscal year 2025 data, NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) had $13.7M in cash against an annual operating cash burn of $6.1M. This gives an estimated cash runway of approximately 27 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is NextPlat Equity Warrants Exp 29th Apr 2026's Piotroski F-Score?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NextPlat Equity Warrants Exp 29th Apr 2026's earnings high quality?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) has an earnings quality ratio of 585.87x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can NextPlat Equity Warrants Exp 29th Apr 2026 cover its interest payments?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) has an interest coverage ratio of -140.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is NextPlat Equity Warrants Exp 29th Apr 2026?
NextPlat Equity Warrants Exp 29th Apr 2026 (NXPLW) scores 38 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.