Filing Flows › NextPlat (NXPL) › Q1 2026
NextPlat (NXPL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
NextPlat (NXPL) reported revenue of $9.9M for the first quarter 2026 (Q1 2026), -29% from a year earlier and -23% from the quarter before. Operating margin was -11.2%, net loss $1.1M (11.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.9M | -23% | -29% |
| Operating profit | −$1.1M | — | — |
| Net earnings | −$1.1M | — | — |
| Operating cash flow | −$2.6M | — | — |
What changed
Revenue was $9.9M in Q1 2026, down 29% year over year and down 23% from the previous quarter. Pharmacy Prescription and Other Revenue, Net of PBM Fees was the largest line at 49% of revenue. Pharmacy Prescription and Other Revenue, Net of PBM Fees lost $4.7M year over year (down 50%), 116% of the total change.
Gross margin was 34.6%, up 14.1 points from Q1 2025. Operating costs exceeded revenue by $1.1M, an operating margin of -11.2%. Operating expenses fell 9% while revenue fell 29%. The quarter ended with a net loss of $1.1M, narrower than the previous quarter's $5.1M loss. Minority interests bore $14K of it: to shareholders the quarter was a loss of $1.1M.
Operating cash flow was −$2.6M. Non-cash charges added back $90K of depreciation and amortization and $300K of share-based compensation. Working capital and other items used $1.8M.
Questions
What was NextPlat's revenue in the first quarter 2026?
NextPlat (NXPL) reported revenue of $9.9M for the first quarter 2026 (Q1 2026), -29% from a year earlier and -23% from the quarter before.
Was NextPlat profitable in the first quarter 2026?
Operating loss was $1.1M (-11.2% of revenue) and net loss $1.1M.
Source: NextPlat 10-Q on SEC EDGAR.