Quarterly ResultAug 13, 2026, 04:24 PM
NextPlat Q2 Revenue +21% to $11.9M; Net Loss Cut 87% to $144K; Gross Margin 40%
AI Summary
NextPlat Corp reported significantly improved operating results for the second quarter ended June 30, 2026. The company achieved a 21% sequential increase in consolidated revenue to $11.9 million and reduced its net loss by 87% to $0.1 million. Gross margin reached a record 40%, driven by a strategic shift towards higher-margin 340B contracted pharmacy services, which saw a 136% year-over-year revenue increase. NextPlat also announced a planned acquisition of a pharmacy operation and the upcoming launch of a nationwide medication fulfillment website.
Key Highlights
- Consolidated revenue for Q2 2026 was $11.9 million, a 21% sequential increase.
- Net loss attributable to common stockholders decreased 87% to $0.1 million ($144,000).
- Overall gross margin reached a record 40%, up from 35% sequentially and 22% year-over-year.
- Contracted pharmacy revenue increased 136% year-over-year to $2.2 million.
- E-commerce revenue grew 27% sequentially to $4.1 million.
- The company ended the quarter with $11.9 million in cash and $14.2 million in working capital.
- NextPlat announced the intended acquisition of a profitable pharmacy operation in Pensacola, Florida.
- A new nationwide medication fulfillment website is expected to launch in Q3 2026.
Price Impact
More from NXPL