NextPlat Corp (NXPL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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NXPL Revenue Growth
Revenue Breakdown (FY 2024)
NXPL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NXPL Revenue Analysis (2014–2025)
As of May 8, 2026, NextPlat Corp (NXPL) generated trailing twelve-month (TTM) revenue of $54.3 million, reflecting significant decline in growth of -18.1% year-over-year. The most recent quarter (Q4 2025) recorded $12.8 million in revenue, down 6.9% sequentially.
Looking at the longer-term picture, NXPL's 5-year compound annual growth rate (CAGR) stands at +57.0%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $65.5 million in 2024.
Revenue diversification analysis shows NXPL's business is primarily driven by Product (84%), and Service (16%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including GSAT (+8.5% YoY), IRDM (+4.1% YoY), and GILT (+47.9% YoY), NXPL has underperformed the peer group in terms of revenue growth. Compare NXPL vs GSAT →
NXPL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NXPLCurrent | $54M | -18.1% | +57.0% | -16.1% | |
 GSAT | $250M | +8.5% | +13.7% | -0.4% | |
 IRDM | $872M | +4.1% | +8.4% | 27.1% | |
 GILT | $452M | +47.9% | +22.1% | 4.5% | |
 SPOK | $140M | -25.6% | -1.2% | 14.1% | |
 SHEN | $358M | -18.8% | +10.1% | -6.2% |
NXPL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $54.3M | -17.0% | $10.9M | 20.1% | $-8,750,000 | -16.1% |
| 2024 | $65.5M | +73.4% | $16.2M | 24.8% | $-23,624,000 | -36.1% |
| 2023 | $37.8M | +222.4% | $11.3M | 30.0% | $-23,228,000 | -61.5% |
| 2022 | $11.7M | +51.3% | $2.5M | 21.3% | $-7,203,000 | -61.5% |
| 2021 | $7.7M | +36.0% | $1.9M | 24.0% | $-6,622,333 | -85.6% |
| 2020 | $5.7M | -3.1% | $1.2M | 21.5% | $-2,033,880 | -35.7% |
| 2019 | $5.9M | +2.5% | $1.2M | 20.8% | $-1,111,328 | -18.9% |
| 2018 | $5.7M | -4.6% | $1.0M | 18.1% | $-1,129,636 | -19.7% |
| 2017 | $6.0M | +27.8% | $1.2M | 19.2% | $-1,577,606 | -26.3% |
| 2016 | $4.7M | +18.9% | $1.1M | 22.9% | $-1,630,524 | -34.7% |
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Start ComparisonNXPL — Frequently Asked Questions
Quick answers to the most common questions about buying NXPL stock.
Is NXPL's revenue growth accelerating or slowing?
NXPL revenue declined -18.1% year-over-year, contrasting with the 5-year CAGR of +57.0%. TTM revenue fell to $54M. This reverses the prior growth trend.
What is NXPL's long-term revenue growth rate?
NextPlat Corp's 5-year revenue CAGR of +57.0% reflects the variable expansion pattern. Current YoY growth of -18.1% is below this long-term average.
How is NXPL's revenue distributed by segment?
NXPL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.