NextPlat Corp (NXPL) AI Stock Analysis

NextPlat Corp, along with its subsidiaries, specializes in delivering mobile satellite services solutions globally. Its offerings encompass voice communication, data transmission, personnel and asset tracking, machine-to-machine connectivity, and Internet of Things applications for businesses, governments, military entities, and humanitarian organizations. Key products include satellite communication devices for voice, text, email, and GPS coordinates, as well as GPS-enabled emergency locator distress beacons. The company also provides SolarTrack, a solar-powered IoT tracking device for remote assets, and GTCTrack, a subscription-based mapping and tracking portal. Products are distributed directly and through a network of resellers and third-party e-commerce platforms.

NextPlat expanded annual revenue from $7.7M in FY2021 to $11.7M in FY2022, $37.8M in FY2023, and $65.5M in FY2024, before revenue fell 17.0% to $54.3M in FY2025. Gross margin stood at 20.1% in FY2025, down from 24.8% in FY2024 and 30.0% in FY2023. Operating margin improved from -85.6% in FY2021 to -16.1% in FY2025, while net income was -$11.7M with an EPS of -$0.20. Over the trailing twelve months ended June 30, 2026, revenue totaled $48.9M, with quarterly revenue growth falling 10.3% year-over-year. Operating margin TTM was -1.1% and profit margin TTM was -16.4%, resulting in an EPS of -$3.67.

As of June 30, 2026, NextPlat held $11.9M in cash and short-term investments against total debt of $1.6M, resulting in net cash of $10.4M. Shareholders' equity stood at $16.4M with total assets of $28.7M. The company maintains a current ratio of 2.29 and a debt-to-equity ratio of 0.10. In FY2025, operating cash flow was -$6.1M and free cash flow was -$6.2M. Capital expenditures were $71,000, while share buybacks totaled $100,000 for FY2025.

NextPlat trades at a market cap of $25.8M and an enterprise value of $14.2M. The stock trades at a price-to-sales multiple of 0.5x and a forward P/E of 14.8x, both below the median of its US-listed Technology peers at 2.8x and 18.8x, respectively. Its price-to-book ratio is 1.5x and EV to revenue is 0.3x. Over the past year, NXPL shares returned 30.1%, outperforming the S&P 500 (SPY) return of 16.8%, although its 5-year return fell 80.0% compared to an 83.0% gain for SPY.

Wall Street analyst coverage shows 1 Strong Buy rating, 0 Buy, 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $12.00, representing a 26.3% upside from the last close of $9.50 on October 16, 2026. For the fiscal year ending December 31, 2026, estimates project revenue of $49.7M and an EPS of -$0.85. For the next fiscal year, 1 analyst estimates revenue of $73.0M and EPS of $0.61. NextPlat beat EPS estimates in 1 of the last 4 quarters, with next earnings scheduled for November 11, 2026.

This page is an AI-written research summary of NextPlat Corp (NXPL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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