Filing Flows › NextPlat (NXPL) › Q1 2026 › vs Q4 2025
NextPlat (NXPL) Q1 2026 vs Q4 2025 (quarter over quarter)
NextPlat's revenue fell $3.0M (-23%) from $12.8M in Q4 2025 to $9.9M in Q1 2026.
NextPlat, Q1 2026: revenue $9.9M (-29% year over year), operating margin -11.2%, net loss $1.1M, operating cash flow −$2.6M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $9.9M | $12.8M | −$3.0M | -23% |
| Net loss | $1.1M | $5.1M | −$4.0M | -78% |
| Costs & expenses | $11.0M | $18.0M | −$7.0M | -39% |
| Operating costs | $11.0M | $16.5M | −$5.5M | -34% |
| Cost of revenue | $6.4M | $11.0M | −$4.5M | -41% |
| SG&A | $2.0M | $1.6M | $378K | +23% |
| Other operating costs | $2.5M | $3.9M | −$1.4M | -36% |
| Operating cash sources | $3.0M | $818K | $2.2M | +263% |
| Depreciation & amortization | $90K | $116K | −$26K | -22% |
| Share-based compensation | $300K | $400K | −$100K | -25% |
| Cash used in operations | $2.6M | $302K | $2.3M | +755% |
| Net loss absorbed | $1.1M | $5.1M | −$4.0M | -78% |
| Working capital & other | $1.8M | −$4.3M | $6.2M | — |
Questions
How much did NextPlat's revenue grow quarter over quarter in Q1 2026?
NextPlat's revenue fell $3.0M (-23%) from $12.8M in Q4 2025 to $9.9M in Q1 2026.