Filing Flows › NextPlat (NXPL) › Q2 2025
NextPlat (NXPL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
NextPlat (NXPL) reported revenue of $13.2M for the second quarter 2025 (Q2 2025), -22% from a year earlier and -5% from the quarter before. Operating margin was -13.8%, net loss $1.8M (13.5% of revenue).
NextPlat, Q2 2025: revenue $13.2M (-22% year over year), operating margin -13.8%, net loss $1.8M, operating cash flow −$1.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.2M | -5% | -22% |
| Operating profit | −$1.8M | — | — |
| Net earnings | −$1.8M | — | — |
| Operating cash flow | −$1.0M | — | — |
What changed
Revenue was $13.2M in Q2 2025, down 22% year over year and down 5% from the previous quarter. Pharmacy Prescription and Other Revenue, Net of PBM Fees was the largest line at 62% of revenue. Pharmacy Prescription and Other Revenue, Net of PBM Fees lost $2.3M year over year (down 22%), 63% of the total change.
Gross margin was 21.8%, down 12.7 points from a year earlier. Operating costs exceeded revenue by $1.8M, an operating margin of -13.8%. Operating expenses fell 72% while revenue fell 22%. The quarter ended with a net loss of $1.8M, wider than the previous quarter's $1.3M loss.
Operating cash flow was −$1.0M. Non-cash charges added back $175K of depreciation and amortization. Working capital and other items added $573K. Capital expenditures of $12K exceeded it, leaving free cash flow of −$1.1M.
Questions
What was NextPlat's revenue in the second quarter 2025?
NextPlat (NXPL) reported revenue of $13.2M for the second quarter 2025 (Q2 2025), -22% from a year earlier and -5% from the quarter before.
Was NextPlat profitable in the second quarter 2025?
Operating loss was $1.8M (-13.8% of revenue) and net loss $1.8M.
Source: NextPlat 10-Q on SEC EDGAR.