Pharmacy Prescription & Other Revenue, Net Of Pbm Fees was NextPlat’s largest segment in fiscal 2025, bringing in $71.41M of $109.84M (65%).
| Segment | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Pharmacy Prescription, Other Revenue & E-Commerce | $107.60M | — | — |
| Pharmacy Prescription & Other Revenue, Net Of Pbm Fees | $42.82M | $83.81M | $71.41M |
| Product | $64.78M | — | $1.20M |
| E-Commerce Revenue | $21.95M | $27.58M | $29.22M |
| E-Commerce | $21.95M | $27.58M | — |
| Pharmacy 340B Contract | $10.73M | $20.77M | $8.02M |
| Service | $10.73M | — | — |
| Total | $280.58M | $159.75M | $109.84M |
NextPlat brought in $109.84M from its four segments in fiscal 2025, the year ended December 31, 2025. That is less than the $129.84M it reports by statement business segments, so these segments do not cover all of its revenue. Pharmacy Prescription & Other Revenue, Net Of Pbm Fees was the largest at $71.41M (65.0%), ahead of E-Commerce Revenue at $29.22M (26.6%) and Pharmacy 340B Contract at $8.02M (7.3%). The remaining segment, Product, brought in $1.20M.
Compared with fiscal 2024, E-Commerce Revenue grew fastest, up 5.9% to $29.22M, while Pharmacy 340B Contract fell the most, down 61.4% to $8.02M. Some of that change comes from NextPlat regrouping its segments.
NextPlat stopped reporting Pharmacy Prescription, Other Revenue & E-Commerce ($107.60M in fiscal 2023), E-Commerce ($27.58M in fiscal 2024) and Service ($10.73M in fiscal 2023) as separate segments.
Healthcare Operations was NextPlat’s largest segment in fiscal 2025, bringing in $71.41M of $129.84M (55%).
| Statement Business Segments | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Healthcare Operations | $53.56M | $83.81M | $71.41M |
| E-Commerce | — | $27.58M | $29.22M |
| E-Commerce Revenue | — | $27.58M | $29.22M |
| Total | $53.56M | $138.98M | $129.84M |
NextPlat brought in $129.84M from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 6.6% from $138.98M in fiscal 2024. Healthcare Operations was the largest at $71.41M (55.0%), ahead of E-Commerce at $29.22M (22.5%) and E-Commerce Revenue at $29.22M (22.5%).
Compared with fiscal 2024, E-Commerce grew fastest, up 5.9% to $29.22M, while Healthcare Operations fell the most, down 14.8% to $71.41M.
NextPlat began breaking out E-Commerce in fiscal 2024 and E-Commerce Revenue in fiscal 2024.
Europe was NextPlat’s largest region in fiscal 2023, bringing in $13.37M of $21.95M (61%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|---|
| Europe | $7.32M | $10.29M | $17.23M | $13.37M | |||
| North America | $3.06M | $3.55M | $4.30M | $5.15M | |||
| Asia Pacific | $840.10K | $1.39M | — | $3.02M | |||
| Asia Pacific | — | — | — | — | |||
| Asia & Pacific | — | — | — | — | |||
| South America | $69.83K | $74.28K | $90.00K | $124.00K | |||
| Africa | $87.90K | $168.75K | $272.00K | $286.00K | |||
| Australia Oceania | — | — | — | — | |||
| Total | $11.38M | $15.48M | $21.90M | $21.95M |
NextPlat brought in $21.95M from its five regions in fiscal 2023, the year ended December 31, 2023. NextPlat regrouped these regions after fiscal 2022, so the total does not compare directly with that year's $21.90M. Europe was the largest at $13.37M (60.9%), ahead of North America at $5.15M (23.5%) and Asia Pacific at $3.02M (13.8%). The other two regions brought in $410.00K combined.
Compared with fiscal 2022, North America grew 19.7% to $5.15M, while Europe fell 22.4% to $13.37M. From fiscal 2020 to 2023, combined revenue from these regions grew from $11.38M to $21.95M, a compound annual growth rate of 24.5%. Europe's share of the total fell from 64.3% to 60.9%.
NextPlat (NXPL) reports its revenue by segment, by statement business segments and by geography. In fiscal 2025, Pharmacy Prescription & Other Revenue, Net Of Pbm Fees was its largest segment, bringing in $71.41M (65.0% of the total), followed by E-Commerce Revenue at $29.22M (26.6%).
Pharmacy Prescription & Other Revenue, Net Of Pbm Fees was NextPlat's largest segment in fiscal 2025, bringing in $71.41M, or 65.0% of the $109.84M total across its four segments.
Europe was NextPlat's largest region in fiscal 2023, bringing in $13.37M, or 60.9% of the $21.95M total across its five regions.
Among NextPlat's segments that make up at least 2% of revenue, E-Commerce grew fastest in fiscal 2025, up 5.9% from $27.58M to $29.22M.
Every figure comes from NextPlat's annual financial filings, as reported. Each line keeps the name NextPlat gives it, and years follow its fiscal calendar.
NextPlat's revenue by segment goes back to fiscal 2023, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.