From The Motley Fool · Motley Fool Transcribing · · 1m 40s
NextPlat Q3 2026 Earnings Report
NextPlat reports improved healthcare margins and e-commerce growth despite revenue declines.
In brief
NextPlat reports improved healthcare margins and e-commerce growth despite revenue declines. NextPlat's Q3 2026 revenue dropped to $10.5 million as healthcare margins rose to 35% from 20%. Originally reported by The Motley Fool.
Q3 2026 Results
Total net revenue decreased to $10.5 million from $13.8 million in prior year period.
Healthcare Segment
Healthcare segment revenue reached $6.7 million compared to $10.1 million in Q3 2.025.
Contracted Pharmacy Revenue
Contracted pharmacy revenue increased fourfold to $2.4 million from $0.6 million in prior year.
340B Contracts
New 340B contracts brought annual total to 14 entities.
Healthcare Gross Margin
Healthcare gross margin rose to 41% from 18% in prior year period.
E-commerce Segment
E-commerce revenue grew 3% to $3.8 million compared to prior year.
Operating Loss
Operating loss reduced to $0.8 million from $2.2 million in prior year period.
Scott's Pharmacy
Scott's Pharmacy acquisition completed for $1.5 million on Oct. 1, 2026.
E-commerce Expansion
E-commerce expanded to 115 countries with Decathlon distribution in 20 countries.
ATM Program
ATM program raised $140,000 through fourth quarter share sales.
Medication Fulfillment
Medication fulfillment facility closure caused $0.3 million sequential revenue decline.
Corporate Overhead
Corporate overhead reduced to $1 million with active reduction efforts.
Cash Balance
Cash balance declined to $11.2 million from $11.9 million in Q2.
Healthcare E-commerce Launch
Healthcare e-commerce website delayed to Nov. 2026 for optimization.
Automated Dispensing
First point-of-care kiosk installation underway for automated dispensing.
Q4 Guidance
Scott's Pharmacy expected to generate $1.2 million revenue and $150,000 profit in Q4.
The takeaway
NextPlat's Q3 2026 revenue dropped to $10.5 million as healthcare margins rose to 35% from 20%.
/https://i.s3.glbimg.com/v1/AUTH_37554604729d4b2f9f3eb9ad8a691345/internal_photos/bs/2026/S/X/uqKsPdTjW1WnJuxzacPA/foto13agr-101-mbfr-b12.jpg)
/https://i.s3.glbimg.com/v1/AUTH_63b422c2caee4269b8b34177e8876b93/internal_photos/bs/2025/6/2/7CvswaQ0ahIpLICkMtKQ/logo-btg-2.png){kind=logo}