NextPlat Corp

NextPlat Corp is a global e-commerce and healthcare services company operating through two segments: e-Commerce Operations and Healthcare Operations. The company provides satellite-enabled communication products and services, global online distribution, pharmacy services, healthcare technology solutions, and data analytics. Its platforms serve consumers, enterprises, healthcare providers, government organizations, and other institutions across multiple geographic markets. For the year ended December 31, 2025, the e-Commerce segment generated approximately 27% of revenue, and the healthcare segment generated 73%. NextPlat operates internationally via proprietary e-commerce websites, third-party marketplace storefronts, physical pharmacy locations, and healthcare technology platforms. The e-Commerce Operations segment provides satellite communications products, connectivity services, and related equipment globally through proprietary online platforms and third-party marketplaces. This segment's core business distributes satellite-enabled communications equipment and services for use in remote or infrastructure-limited environments, offering voice, messaging, data connectivity, asset tracking, and emergency communications. E-commerce operations include three proprietary global e-Commerce websites, approximately 25 third-party marketplace storefronts, and more than 10,000 product listings across multiple marketplaces. These platforms distribute products globally to customers in more than 165 countries. Revenue comes from product sales, including satellite phones, tracking devices, broadband terminals, and related equipment, and recurring service revenue, including satellite airtime subscriptions, messaging plans, and connectivity services. Recurring airtime and service plans represent an increasing proportion of revenue. Third-party marketplaces, particularly Amazon, generated approximately 31% of total e-Commerce revenue in 2025.