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NextPlat (NXPL) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · NextPlat (NXPL) Q2 2026 earnings results →
Q2 2026 Revenue down 10% year over year to $11.9M · 1¢ of every $1 of revenue lost · operating margin -1.1%
NextPlat made $11.9M in Q2 2026 (-10% Y/Y): Pharmacy Prescription and Other Revenue, Net of PBM Fees $5.6M, E-Commerce Revenue $4.1M, Pharmacy Contract Revenue $2.2M. Operating margin -1.1%, net loss $144K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
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What changed this quarter
Revenue was $11.9M in Q2 2026, down 10% year over year and up 21% from the previous quarter. Pharmacy Prescription and Other Revenue, Net of PBM Fees was the largest line at 47% of revenue. Pharmacy Prescription and Other Revenue, Net of PBM Fees lost $2.6M year over year (down 32%), 192% of the total change.
Gross margin was 39.5%, up 17.7 points from Q2 2025. Operating costs exceeded revenue by $127K, an operating margin of -1.1%. Operating expenses grew 2% against a revenue fall of 10%. The fastest-growing cost line was SG&A (+24%). The quarter ended with a net loss of $144K, narrower than the previous quarter's $1.1M loss. Non-operating items added $31K, -32% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.1M. Non-cash charges added back $80K of depreciation and amortization. Working capital and other items added $1.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $11.9M | -10% | -1.1% | −$144K | $1.1M |
| Q1 2026 | 10-Q | May 15, 2026 | $9.9M | -29% | -11.2% | −$1.1M | −$2.6M |
| Q4 2025 | 10-K | Mar 31, 2026 | $12.8M | -21% | -28.9% | −$5.1M | −$302K |
| Q3 2025 | 10-Q | Nov 13, 2025 | $13.8M | -10% | -14.5% | −$2.2M | −$2.7M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $13.2M | -22% | -13.8% | −$1.8M | −$1.0M |
| Q1 2025 | 10-Q | May 15, 2025 | $13.9M | -20% | -10.7% | −$1.3M | −$2.1M |
| Q4 2024 | 10-K | Mar 24, 2025 | $16.2M | -2% | -14.1% | −$2.4M | −$476K |
Charts
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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Customers and suppliers named in filings
Sells to
Buys from
- MCK · Stated in 10-K (named, share not stated) · source
- AMZN · Stated in 10-K (named, share not stated) · source
About NextPlat
NextPlat Corp (“NextPlat,” “the Company,” “we,” “our,” or “us”) is a global e-commerce and healthcare services company that operates through two reportable segments: e-Commerce Operations and Healthcare Operations. Through these segments, the Company provides satellite-enabled communication products and services, global online distribution capabilities, pharmacy services, healthcare technology solutions, and data analytics services. Our platforms serve consumers, enterprises, healthcare providers, government organizations, and other institutions across multiple geographic markets. For the year ended December 31, 2025, approximately 27% of revenue was generated by our e-Commerce segment and 73% by our healthcare segment.
In its own words, from its 10-K, filed Mar 31, 2026.
NextPlat against its Telephone Communications (No Radiotelephone) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -10% against the peers' median +2%. Operating margin: -1.1% against the peers' median 3.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| NXPL NextPlat | Q2 2026 | $11.9M | -10% | -1.1% |
| VZ Verizon Communications | Q3 2026 | $34.3B | +2% | 25.2% |
| T AT&T | Q3 2026 | $32.3B | +5% | 12.7% |
| LUMN Lumen Technologies | Q3 2026 | $2.7B | -12% | -6.2% |
| UNIT Uniti Group | Q2 2026 | $910M | +202% | 3.5% |
| IDT IDT | Q4 FY26 | $339M | +7% | 9.8% |
| TDS Telephone & Data Systems | Q3 2026 | $307M | -0.6% | -9.8% |
| ATNI ATN International | Q3 2026 | $183M | 0% | 7.1% |
| IQST iQSTEL | Q2 2026 | $109M | +51% | -1.0% |
Source: NextPlat 10-Q on SEC EDGAR · CIK 1058307 · Telephone Communications (No Radiotelephone)
13F: who owns NXPL and who is buying
More on NXPL
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results