| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 9.86 | 32.1% |
| Total Income | 9.86 | 32.1% |
| Expenditure | 10.96 | 31.5% |
| PBT | -1.13 | 15.0% |
| Net Profit | -1.12 | 16.4% |
| OPM | -11.19% | 0.97pp |
| NPM | -11.34% | 2.10pp |
| EPS | -0.42 | 740.0% |
NextPlat Reports Q1 2026 Revenue of $9.9 Million
14 May 2026 · 14 May, 11:37 pm
Summary
NextPlat Corp reported improved operating results for the first quarter ended March 31, 2026. Consolidated revenue was approximately $9.9 million, a 29% decrease compared to the prior year period. However, consolidated gross margin improved dramatically to approximately 35%, a quarterly record. Net loss attributable to common stockholders decreased 42% to approximately $1.1 million. The company anticipates achieving positive operating income in the latter half of 2026 due to higher margin contracted healthcare services revenue and reduced operating expenses.
Key Highlights
- 1
NextPlat reported revenue of approximately $9.9 million for Q1 2026, compared to approximately $13.9 million for the prior year period, a decrease of 29%.
- 2
The company's consolidated gross margin for Q1 2026 improved to approximately 35%, a quarterly record, up from approximately 21% in the prior year quarter.
- 3
Healthcare Operations gross margin nearly doubled to approximately 39% in Q1 2026 compared to approximately 20% in Q1 2025.
- 4
E-commerce revenues increased to approximately $3.2 million in Q1 2026 from approximately $3.0 million in the prior year period.
- 5
Total operating expenses for Q1 2026 decreased to approximately $4.5 million from approximately $4.9 million in the prior year quarter, a reduction of approximately 9%.
- 6
Net loss attributable to common stockholders for Q1 2026 decreased 42% to approximately $1.1 million, or ($0.42) per diluted share.
- 7
The Company ended the quarter with approximately $11.0 million in cash and working capital of approximately $14.2 million as of March 31, 2026.
Management Comments
David Phipps
We are pleased with the significant progress we have made in successfully refocusing our operations to deliver improved results as demonstrated in the first quarter. These results reflect the continuation of the positive trends established late in 2025 as we executed on our plans to improve the fundamentals of the business and create a sustainable foundation for growth throughout 2026. Supported by a dramatically more efficient and effective cost structure, enhanced business development capabilities and a renewed commitment to customer service, we believe we are now positioned to capitalize on multiple opportunities ahead of us to drive more profitable growth in the months ahead and to deliver value to all of our stakeholders.
Informational and educational content only. Not investment advice.