Filing Flows › NextPlat (NXPL) › Q1 2025
NextPlat (NXPL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
NextPlat (NXPL) reported revenue of $13.9M for the first quarter 2025 (Q1 2025), -20% from a year earlier and -14% from the quarter before. Operating margin was -10.7%, net loss $1.3M (9.6% of revenue).
NextPlat, Q1 2025: revenue $13.9M (-20% year over year), operating margin -10.7%, net loss $1.3M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.9M | -14% | -20% |
| Operating profit | −$1.5M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $13.9M in Q1 2025, down 20% year over year and down 14% from the previous quarter.
Gross margin was 24.9%, down 2.9 points from a year earlier. Operating costs exceeded revenue by $1.5M, an operating margin of -10.7%. Operating expenses fell 26% while revenue fell 20%. The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $2.4M loss.
Operating cash flow was −$2.1M. Non-cash charges added back $191K of depreciation and amortization and $7.0M of share-based compensation. Working capital and other items used $7.9M. Capital expenditures of $22K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was NextPlat's revenue in the first quarter 2025?
NextPlat (NXPL) reported revenue of $13.9M for the first quarter 2025 (Q1 2025), -20% from a year earlier and -14% from the quarter before.
Was NextPlat profitable in the first quarter 2025?
Operating loss was $1.5M (-10.7% of revenue) and net loss $1.3M.
Source: NextPlat 10-Q on SEC EDGAR.