NextPlat Corp (NXPL) Revenue History
Annual and quarterly revenue from 2002 to present
NXPL Revenue Over Time (2002–2025)
NXPL Revenue Growth History
10 of 16 years with positive growth- FY2002 revenue growth
- N/A
- FY2003 revenue growth
- N/A
- FY2004 revenue growth
- N/A
- FY2005 revenue growth
- N/A
- FY2006 revenue growth
- +17.7%
- FY2007 revenue growth
- -20.9%
- FY2008 revenue growth
- +4.0%
- FY2009 revenue growth
- -100.0%
- FY2010 revenue growth
- N/A
- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- -99.5%
- FY2015 revenue growth
- +46875.0%
- FY2016 revenue growth
- +18.9%
- FY2017 revenue growth
- +27.8%
- FY2018 revenue growth
- -4.6%
- FY2019 revenue growth
- +2.5%
- FY2020 revenue growth
- -3.1%
- FY2021 revenue growth
- +36.0%
- FY2022 revenue growth
- +51.3%
- FY2023 revenue growth
- +222.4%
- FY2024 revenue growth
- +73.4%
- FY2025 revenue growth
- -17.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $9.9M | -32.2% |
| Q4 2025 | $12.8M | -18.1% |
| Q3 2025 | $13.8M | -10.5% |
| Q2 2025 | $13.2M | -22.1% |
| Q1 2025 | $14.5M | -17.0% |
| Q4 2024 | $15.6M | -6.0% |
| Q3 2024 | $15.4M | +0.5% |
| Q2 2024 | $17.0M | +474.5% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
NXPL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
NXPL Revenue Analysis (2002–2025)
Current Revenue & Growth
As of June 23, 2026, NextPlat Corp (NXPL) generated trailing twelve-month (TTM) revenue of $49.7 million, reflecting significant decline in growth of -32.2% year-over-year. The most recent quarter (Q1 2026) recorded $9.9 million in revenue, down 23.0% sequentially.
Historical Growth Trajectory
NXPL's 5-year compound annual growth rate (CAGR) stands at +57.0%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +66.8% exceeds the 5-year average, indicating an acceleration in the most recent period. NextPlat Corp's highest annual revenue of $65.5 million was recorded in 2024.
Revenue by Segment
NXPL's revenue is primarily driven by Product (84%), and Service (16%). With over half of revenue concentrated in Product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including GSAT (+11.5% YoY), IRDM (+4.1% YoY), and GILT (+46.3% YoY) — NXPL has underperformed the peer group in 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 | $50M | -32.2% | +57.0% | -16.1% | |
 GSAT | $273M | +11.5% | +16.3% | 5.4% | |
 IRDM | $872M | +4.1% | +8.4% | 27.1% | |
 GILT | $452M | +46.3% | +22.1% | 4.5% | |
 SPOK | $140M | -25.6% | -1.2% | 14.1% | |
 SHEN | $358M | -18.8% | +10.1% | -6.2% |
NXPL Historical Revenue Data (2002–2025)
| 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% |
| 2015 | $4.0M | +46875.0% | $1.1M | 28.1% | $-1,991,325 | -50.4% |
| 2014 | $8K | -99.5% | $8K | 97.6% | $-418,240 | -4973.1% |
| 2013 | $1.5M | - | $386K | 25.1% | $-573,793 | -37.4% |
| 2012 | $0 | - | $0 | - | $-4,670,201 | - |
| 2011 | $0 | - | $0 | - | $-1,943,712 | - |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
24+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NXPL — Frequently Asked Questions
Quick answers to the most common questions about buying NXPL stock.
Is NXPL's revenue growth accelerating or slowing?
NXPL revenue is declining -32.2% year-over-year. TTM revenue fell to $50M, contrasting with the 5-year CAGR of +57.0%. The reversal reflects either macro headwinds or company-specific challenges.
What is NXPL's revenue history from 2002 to 2026?
NextPlat Corp (NXPL) revenue history spans 2002 to 2026. TTM revenue as of 2026 is $50M, growing at -32.2% YoY. The 5-year CAGR is +57.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NXPL's long-term revenue growth rate (CAGR)?
NextPlat Corp's 5-year revenue CAGR of +57.0% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -32.2% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NXPL.
Why does NXPL's quarterly revenue fluctuate?
NXPL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. NextPlat Corp's revenue data from 2002 to 2026 shows full historical quarterly detail on this page.
How is NXPL's revenue distributed by segment?
NXPL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NXPL's revenue compare to industry peers?
NextPlat Corp (NXPL) with TTM revenue of $50M and -32.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.