NextPlat Corp (NXPL) Balance Sheet
NXPL balance sheet, 2025
December 31, 2025 · U.S. dollars$27.5M assets = $10.0M liabilities + $17.4M equity
Both columns are drawn to the same scale: what NXPL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NXPL financial health
Descriptive bands, not a rating. Fiscal 2025.
NXPL balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.0M2016 | $27.5M2025 | +27.8%/yr | |
| Total liabilities | $720,6172016 | $10.0M2025 | +34.0%/yr | |
| Shareholders’ equity | $2.3M2016 | $17.3M2025 | +25.1%/yr | |
| Cash & short-term investments | $114,7332016 | $13.7M2025 | +70.1%/yr | |
| Total debt | $67,4532016 | $1.5M2025 | +41.1%/yr | |
| Net cash (debt) | $47,2802016 | $12.2M2025 | +$12.2M | |
| Working capital | $81,4902016 | $15.0M2025 | +$14.9M | |
| Book value per share | $26.772022 | $6.662025 | −37.1%/yr | |
| Current ratio | 1.112016 | 2.652025 | +1.53 | |
| Debt / equity | 0.032016 | 0.092025 | +0.06 | |
| Shares outstanding | 963K2022 | 2.6M2025 | +39.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NXPL assets
NXPL liabilities and equity
NXPL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NXPL balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $13.7M | $20.0M | $26.3M | $18.9M | $17.3M | $728,762 | $75,362 | $142,888 | $233,326 | $114,733 |
| Cash & equivalents | $13.7M | $20.0M | $26.3M | $18.9M | $17.3M | $728,762 | $75,362 | $142,888 | $233,326 | $114,733 |
| Receivables | $6.6M | $6.2M | $11.6M | $959,000 | $450,258 | $252,587 | $320,404 | $257,606 | $384,010 | $151,102 |
| Inventory | $3.4M | $4.9M | $5.1M | $1.3M | $1.0M | $361,422 | $366,298 | $269,024 | $332,895 | $335,267 |
| Other current assets | $463,000 | $404,000 | $640,000 | $46,000 | $637,025 | $29,696 | $115,382 | $45,639 | $130,667 | $201,005 |
| Total current assets | $24.2M | $31.5M | $43.6M | $21.2M | $19.4M | $1.4M | $877,446 | $715,157 | $1.1M | $802,107 |
| Property, plant & equipment (net) | $2.7M | $4.2M | $5.6M | $2.1M | $1.1M | $1.2M | $1.4M | $1.5M | $1.8M | $2.0M |
| Goodwill & intangible assets | $578,000 | $680,000 | $15.2M | −$49.9M | $75,000 | $100,000 | −$124.8M | $200,000 | $225,000 | $250,000 |
| Long-term investments | $0 | $0 | $0 | $5.3M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $37,000 | $94,000 | $100,000 | $50.0M | $49,867 | $2.0M | $125.8M | $0 | $0 | $1 |
| Total assets | $27.5M | $36.5M | $64.5M | $28.6M | $20.6M | $4.7M | $3.4M | $2.4M | $3.1M | $3.0M |
| Liabilities | ||||||||||
| Accounts payable | $5.8M | $6.6M | $12.1M | $1.2M | $846,380 | $747,476 | $901,244 | $625,157 | $659,285 | $373,288 |
| Short-term debt | $574,000 | $789,000 | $862,000 | $269,000 | $111,462 | $193,804 | $53,720 | $39,027 | $6,998 | $67,453 |
| Deferred revenue | $193,000 | $89,000 | $42,000 | $36,000 | $96,498 | $36,704 | $41,207 | $56,800 | $243,781 | $2,624 |
| Total current liabilities | $9.1M | $8.2M | $14.2M | $2.1M | $2.8M | $1.5M | $1.4M | $1.1M | $1.2M | $720,617 |
| Long-term debt | $876,000 | $1.0M | $1.2M | $156,266 | $253,757 | $529,949 | $291,515 | $0 | $0 | $0 |
| Lease obligations | $199,000 | $847,000 | $1.5M | $858,555 | $19,763 | $52,699 | $80,857 | — | — | — |
| Other long-term liabilities | $41,000 | $438,000 | $934,000 | $649,734 | $0 | $2.1M | $1.0M | $0 | $0 | $0 |
| Total liabilities | $10.0M | $9.7M | $16.4M | $2.9M | $3.0M | $4.1M | $2.8M | $1.1M | $1.2M | $720,617 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3,000 | $3,000 | $2,000 | $1,000 | $705 | $408 | $12 | $93 | $94 | $5,731 |
| Retained earnings (deficit) | −$60.1M | −$49.0M | −$34.9M | −$31.1M | −$22.0M | −$13.9M | −$11.1M | −$9.7M | −$8.5M | −$4.6M |
| Accumulated other comprehensive income | −$118,000 | −$66,000 | −$63,000 | −$41,000 | $3,236 | −$42,832 | −$2,152 | −$6,172 | −$400 | −$32,941 |
| Minority interest | $114,000 | $114,000 | $15.9M | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $17.3M | $26.7M | $32.2M | $25.8M | $17.5M | $565,189 | $639,709 | $1.4M | $1.9M | $2.3M |
| Key figures | ||||||||||
| Total debt | $1.5M | $2.3M | $3.0M | $1.1M | $365,219 | $746,327 | $396,855 | $39,027 | $6,998 | $67,453 |
| Net cash (debt) | $12.2M | $17.7M | $23.3M | $17.8M | $16.9M | −$17,565 | −$321,493 | $103,861 | $226,328 | $47,280 |
| Working capital | $15.0M | $23.3M | $29.4M | $19.1M | $16.6M | −$144,058 | −$567,022 | −$341,130 | −$122,634 | $81,490 |
| Tangible book value | $16.7M | $26.0M | $17.0M | $75.7M | $17.5M | $465,189 | $125.4M | $1.2M | $1.6M | $2.1M |
| Book value per share | $6.66 | $12.94 | $18.40 | $26.77 | — | — | — | — | — | — |
| Shares outstanding | 2.6M | 2.1M | 1.7M | 963K | — | — | — | — | — | — |
| Current ratio | 2.65 | 3.83 | 3.07 | 10.27 | 6.97 | 0.91 | 0.61 | 0.68 | 0.90 | 1.11 |
| Quick ratio | 2.22 | 3.19 | 2.66 | 9.63 | 6.37 | 0.65 | 0.27 | 0.38 | 0.51 | 0.37 |
| Debt / equity | 0.09 | 0.08 | 0.09 | 0.04 | 0.02 | 1.32 | 0.62 | 0.03 | 0.00 | 0.03 |
| Equity / assets | 63.0% | 73.2% | 49.9% | 90.0% | 85.2% | 12.1% | 18.9% | 56.6% | 60.7% | 76.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $11.9M | $11.0M | $13.7M | $13.9M | $16.6M | $17.7M | $20.0M | $20.4M | $24.9M | $23.5M | $26.3M | $26.3M |
| Cash & equivalents | $11.9M | $11.0M | $13.7M | $13.9M | $16.6M | $17.7M | $20.0M | $20.4M | $24.9M | $23.5M | $26.3M | $26.3M |
| Receivables | $8.2M | $7.2M | $6.6M | $6.4M | $4.7M | $7.8M | $6.2M | $8.6M | $12.2M | $15.8M | $8.9M | $8.0M |
| Inventory | $4.1M | $4.0M | $3.4M | $5.6M | $5.2M | $4.5M | $4.9M | $6.4M | $4.7M | $5.6M | $5.1M | $5.0M |
| Other current assets | $899,000 | $1.1M | $463,000 | $256,000 | $314,000 | $398,000 | $404,000 | $484,000 | $273,000 | $404,000 | $3.3M | $4.4M |
| Total current assets | $25.1M | $23.3M | $24.2M | $26.2M | $26.9M | $30.5M | $31.5M | $35.8M | $42.0M | $45.3M | $43.6M | $43.7M |
| Property, plant & equipment (net) | $3.0M | $3.1M | $2.7M | $3.1M | $3.5M | $4.0M | $4.2M | $4.5M | $4.6M | $5.2M | $5.6M | $5.1M |
| Goodwill & intangible assets | $527,000 | $0 | $578,000 | $604,000 | $629,000 | $654,000 | $680,000 | $711,000 | $4.7M | $14.5M | $15.2M | $17.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $37,000 | $590,000 | $37,000 | $79,000 | $87,000 | $94,000 | $94,000 | $94,000 | $105,000 | $100,000 | $100,000 | $88,272 |
| Total assets | $28.7M | $26.9M | $27.5M | $30.0M | $31.0M | $35.2M | $36.5M | $41.1M | $51.5M | $65.1M | $64.5M | $66.2M |
| Liabilities | ||||||||||||
| Accounts payable | $10.3M | $8.3M | $5.8M | $5.4M | $4.6M | $6.7M | $6.6M | $7.8M | $11.3M | $14.0M | $12.1M | $12.4M |
| Short-term debt | $375,000 | $536,000 | $574,000 | $608,000 | $591,000 | $697,000 | $789,000 | $852,000 | $598,000 | $785,000 | — | $797,489 |
| Deferred revenue | — | — | $193,000 | $243,000 | $303,000 | $139,000 | $89,000 | $104,000 | $142,000 | $140,000 | — | $29,223 |
| Total current liabilities | $11.0M | $9.1M | $9.1M | $7.4M | $6.2M | $8.4M | $8.2M | $9.7M | $12.8M | $15.9M | $14.2M | $14.7M |
| Long-term debt | $815,000 | $846,000 | $876,000 | $907,000 | $943,000 | $978,000 | $1.0M | $1.1M | $1.1M | $1.2M | $1.2M | $1.3M |
| Lease obligations | $576,000 | $641,000 | $199,000 | $553,000 | $652,000 | $743,000 | $847,000 | $944,000 | $1.0M | $1.4M | $1.5M | $1.1M |
| Other long-term liabilities | $390,000 | $410,000 | $41,000 | $197,000 | $274,000 | $351,000 | $438,000 | $553,000 | $619,000 | $853,000 | $934,000 | $722,419 |
| Total liabilities | $12.2M | $10.3M | $10.0M | $8.5M | $7.4M | $9.8M | $9.7M | $11.3M | $14.5M | $18.0M | $16.4M | $16.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | $16.5M | $3,000 | $3,000 | $3,000 | $3,000 | $3,000 | $2,000 | $2,000 | $2,000 | — | $1,872 |
| Retained earnings (deficit) | −$61.3M | −$61.2M | −$60.1M | −$54.3M | −$52.1M | −$50.3M | −$49.0M | −$45.9M | −$41.7M | −$36.4M | −$34.9M | −$33.2M |
| Accumulated other comprehensive income | −$101,000 | −$95,000 | −$118,000 | −$117,000 | −$135,000 | −$77,000 | −$66,000 | −$93,000 | −$99,000 | −$90,000 | — | −$56,868 |
| Minority interest | $100,000 | $100,000 | $114,000 | $114,000 | $114,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $16.4M | $16.5M | $17.3M | $21.4M | $23.5M | $25.3M | $26.7M | $22.5M | $26.5M | $31.2M | $32.2M | $33.2M |
| Key figures | ||||||||||||
| Total debt | $1.6M | $1.8M | $1.5M | $1.7M | $1.8M | $2.0M | $2.3M | $2.5M | $2.3M | $2.8M | $1.2M | $2.8M |
| Net cash (debt) | $10.4M | $9.2M | $12.2M | $12.2M | $14.8M | $15.7M | $17.7M | $17.9M | $22.5M | $20.7M | $25.1M | $23.6M |
| Working capital | $14.2M | $14.2M | $15.0M | $18.8M | $20.6M | $22.1M | $23.3M | $26.1M | $29.3M | $29.4M | $29.4M | $29.0M |
| Tangible book value | $15.9M | $16.5M | $16.7M | $20.8M | $22.9M | $24.7M | $26.0M | $21.8M | $21.8M | $16.8M | $17.0M | $15.9M |
| Book value per share | $6.05 | $6.12 | $6.66 | $8.25 | $9.05 | $9.76 | $10.28 | $11.83 | $14.10 | $16.67 | — | $17.74 |
| Shares outstanding | 2.7M | 2.7M | 2.6M | 2.6M | 2.6M | 2.6M | 2.6M | 1.9M | 1.9M | 1.9M | — | 1.9M |
| Current ratio | 2.29 | 2.56 | 2.65 | 3.56 | 4.33 | 3.62 | 3.83 | 3.70 | 3.30 | 2.84 | 3.07 | 2.98 |
| Quick ratio | 1.84 | 2.01 | 2.22 | 2.76 | 3.44 | 3.04 | 3.19 | 2.99 | 2.91 | 2.47 | 2.47 | 2.34 |
| Debt / equity | 0.10 | 0.11 | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.11 | 0.09 | 0.09 | 0.04 | 0.08 |
| Equity / assets | 57.1% | 61.2% | 63.0% | 71.4% | 75.7% | 72.0% | 73.2% | 54.7% | 51.6% | 48.0% | 49.9% | 50.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
NXPL financial position
At the end of fiscal 2025 (December 31, 2025), NextPlat had total assets of $27.5 million (down 24.7% from a year earlier), total liabilities of $10.0 million and shareholders' equity of $17.3 million. It held $13.7 million in cash and short-term investments against $1.5 million of debt, a net cash position of $12.2 million. Its current ratio was 2.65. In the latest quarter (ended June 30, 2026) total assets were $28.7 million and equity $16.4 million.
Related: NXPL income statement, NXPL cash flow statement, NXPL key metrics. See the NXPL stock overview for the latest quote and news.
NXPL balance sheet FAQ
What are NextPlat's total assets?
NextPlat reported total assets of $27.5 million at the end of fiscal 2025 (December 31, 2025), compared with $36.5 million a year earlier.
How much debt does NextPlat have?
NextPlat had $1.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.09.
How much cash does NextPlat have?
NextPlat held $13.7 million in cash and short-term investments at the end of fiscal 2025; with $1.5 million of debt that is net cash of $12.2 million.
What is NextPlat's book value?
NextPlat's shareholders' equity (book value) was $17.3 million at the end of fiscal 2025, or $6.66 per share.
What is NextPlat's current ratio?
NextPlat had current assets of $24.2 million and current liabilities of $9.1 million, a current ratio of 2.65 (it can cover its short-term obligations).
How much goodwill does NextPlat have?
NextPlat carried $0.6 million of goodwill and intangible assets, 2.1% of total assets, at the end of fiscal 2025.