NextPlat Corp (NXPLW) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
400 ANSIN BLVD HALLANDALE BEACH, FL 33009 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 19,960 | 26,307 | 18,891 | 17,268 | 729 | 75 | |||
| Cash and cash equivalent | 19,960 | 26,307 | 18,891 | 17,268 | 729 | 75 | |||
| Receivables | 6,235 | 11,556 | 958 | 942 | 253 | 320 | |||
| Inventory, net of allowances, customer advances and progress billings | 4,881 | 5,135 | 1,287 | 1,020 | 361 | 366 | |||
| Inventory | 4,881 | 5,135 | 1,287 | 1,020 | 361 | 366 | |||
| Prepaid expense | 404 | 640 | 46 | 97 | 2 | 19 | |||
| Other current assets | 49 | 28 | 97 | ||||||
| Total current assets: | 31,480 | 43,638 | 21,182 | 19,375 | 1,372 | 877 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 5 | 22 | |||||||
| Operating lease, right-of-use asset | 812 | 1,566 | 23 | 56 | 84 | ||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 3,407 | 3,989 | 1,246 | 1,043 | 1,106 | 1,341 | |||
| Intangible asset, including goodwill, after accumulated amortization | 680 | 15,154 | 75 | 100 | 125 | ||||
| Goodwill | 156 | 731 | |||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 524 | 14,423 | 75 | 100 | 125 | ||||
| Prepaid expense | 61 | 50 | |||||||
| Deposits noncurrent assets | 94 | 39 | |||||||
| Other noncurrent assets | 6,214 | ||||||||
| Total noncurrent assets: | 4,998 | 20,831 | 7,460 | 1,190 | 1,262 | 1,550 | |||
| TOTAL ASSETS: | 36,478 | 64,469 | 28,642 | 20,565 | 2,634 | 2,427 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 7,230 | 13,176 | 1,518 | 1,063 | 1,053 | 1,164 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 0 | 100 | 35 | ||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 57 | 19 | 22 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 20 | 2 | 2 | ||
| Accounts payable | 6,596 | 12,142 | 1,194 | 846 | 747 | 901 | |||
| Accrued liabilities | 592 | 526 | 214 | 42 | 33 | 47 | |||
| Other undisclosed accounts payable and accrued liabilities | 42 | 508 | 110 | 98 | 151 | 157 | |||
| Deferred revenue | 89 | 42 | 36 | 37 | 37 | 41 | |||
| Debt | 385 | 330 | 60 | 20 | 122 | 54 | |||
| Disposal group, including discontinued operation | 112 | 112 | 112 | 112 | |||||
| Other liabilities | 48 | 18 | |||||||
| Due to related parties | ✕ | ✕ | ✕ | 28 | 35 | 102 | 51 | ||
| Other undisclosed current liabilities | 458 | 671 | 303 | 1,513 | 91 | 22 | |||
| Total current liabilities: | 8,210 | 14,237 | 2,059 | 2,781 | 1,517 | 1,444 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,032 | 1,216 | 156 | 254 | 553 | 343 | |||
| Long-term debt, excluding current maturities | 1,032 | 1,211 | 156 | 254 | 530 | 292 | |||
| Finance lease, liability | 5 | ||||||||
| Liabilities, other than long-term debt | 438 | 929 | 650 | ||||||
| Operating lease, liability | 438 | 929 | 650 | 23 | 52 | ||||
| Other undisclosed noncurrent liabilities | (23) | ||||||||
| Total noncurrent liabilities: | 1,470 | 2,145 | 806 | 254 | 553 | 343 | |||
| Total liabilities: | 9,680 | 16,382 | 2,865 | 3,035 | 2,069 | 1,788 | |||
| Equity | |||||||||
| Equity, attributable to parent | 26,684 | 32,184 | 25,777 | 17,531 | 565 | 640 | |||
| Common stock | 3 | 2 | 1 | 1 | 0 | 0 | |||
| Treasury stock, value | |||||||||
| Additional paid in capital | 75,697 | 67,170 | 56,963 | 39,513 | 14,486 | 11,757 | |||
| Accumulated other comprehensive income (loss) | (66) | (63) | (41) | 3 | (43) | (2) | |||
| Accumulated deficit | (48,950) | (34,925) | (31,147) | (21,986) | (13,879) | (11,115) | |||
| Equity, attributable to noncontrolling interest | 114 | 15,903 | |||||||
| Total equity: | 26,798 | 48,087 | 25,777 | 17,531 | 565 | 640 | |||
| TOTAL LIABILITIES AND EQUITY: | 36,478 | 64,469 | 28,642 | 20,565 | 2,634 | 2,427 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 65,483 | 37,756 | 11,710 | 7,740 | 5,690 | 5,870 | ||
| Cost of revenue | (49,254) | (26,445) | (9,221) | (5,880) | (4,464) | (4,646) | ||
| Gross profit: | 16,229 | 11,311 | 2,489 | 1,860 | 1,225 | 1,223 | ||
| Operating expenses | (39,853) | (34,539) | (9,691) | (8,482) | (3,259) | (2,335) | ||
| Operating loss: | (23,624) | (23,228) | (7,202) | (6,622) | (2,034) | (1,111) | ||
| Nonoperating income (expense) | 570 | 937 | (132) | (1,485) | 729 | 268 | ||
| Investment income, nonoperating | 731 | 620 | ||||||
| Gain (loss), foreign currency transaction, before tax | (65) | 107 | (129) | (46) | 2 | 41 | ||
| Other nonoperating income | 2 | 317 | 26 | |||||
| Interest and debt expense | (81) | (79) | (24) | 21 | (5) | (5) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 81 | 79 | (1,728) | |||||
| Loss from continuing operations before equity method investments, income taxes: | (23,054) | (22,291) | (9,087) | (8,087) | (1,309) | (849) | ||
| Loss from equity method investments | (1,440) | (1,739) | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 11,352 | 3,492 | (21) | (1,454) | (530) | |||
| Loss from continuing operations before income taxes: | (23,054) | (12,379) | (7,334) | (8,108) | (2,763) | (1,379) | ||
| Income tax expense | (71) | (28) | (87) | (4) | (1) | |||
| Loss from continuing operations: | (23,125) | (12,407) | (7,421) | (8,108) | (2,767) | (1,380) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (8,108) | (2,767) | (1,380) | |
| Net loss: | (23,125) | (12,407) | (7,421) | (8,108) | (2,767) | (1,380) | ||
| Net income (loss) attributable to noncontrolling interest | 9,100 | 8,629 | (1,739) | |||||
| Other undisclosed net income attributable to parent | 4 | |||||||
| Net loss attributable to parent: | (14,025) | (3,778) | (9,161) | (8,108) | (2,763) | (1,380) | ||
| Preferred stock dividends and other adjustments | (202) | |||||||
| Other undisclosed net income available to common stockholders, basic | 404 | |||||||
| Net loss available to common stockholders, diluted: | (14,025) | (3,778) | (9,161) | (8,108) | (2,763) | (1,178) | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (23,125) | (12,407) | (7,421) | (8,108) | (2,767) | (1,380) | ||
| Other comprehensive income (loss) | (22) | (44) | 46 | (41) | 4 | |||
| Comprehensive loss: | (23,125) | (12,429) | (7,465) | (8,062) | (2,808) | (1,376) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 9,100 | 8,629 | (1,739) | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (9,103) | 4 | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (23,128) | (3,800) | (9,205) | (8,062) | (2,804) | (1,376) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.