All three tenses have at least two readings, so the archetype blend applies as printed.
Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.
What did they actually do?
Has it survived what it has been through?
7 warning events since 2017; the latest 2026-04-28.
From the record
NextPlat Corp's filings since 2017 show 7 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, 4 times, the latest 2026-04-28); a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2024-04-02) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+66.8% a year over 4 filed years; profitable in 0 of 4.
From the record
NextPlat Corp's 4 filed years say what it did: revenue went from $12 million in fiscal 2022 to $54 million in fiscal 2025, up 66.8% a year; it rose in 2 of 3 years; the deepest fall was 18% from fiscal 2024 to fiscal 2025; net income was positive in 0 of 4 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
SI estimate 0.3/10, confidence 35 of 100 (one part).
SI estimate Inferred, not read as filed
From the record
SI estimate, not a filed reading: NextPlat Corp's shareholder treatment is put at 0.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 3% of 20 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.
What are they doing right now?
Is it financially healthy right now?
ROE -68%: lost 68¢ per shareholder dollar. Leverage 37%: owes 37¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, NextPlat Corp lost about 68 cents for every dollar of shareholders' money, and gross profitability: its products earned about 40 cents per dollar of everything the company owns. Leverage: it owed about 37 cents per dollar of assets, and net share issuance: its share count grew 28.7% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 39% of 19 in its family; net margin -21.6%.
From the record
NextPlat Corp's standing among 19 graded names in its industry family: revenue of $54 million in fiscal 2025 ranks in the bottom 12% by size; a net margin of -21.6% ranks in the bottom 8%; revenue growth of 66.8% a year over the last 3 filed years ranks in the top 3% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
bottom 43% of 11 in its family for leadership; chief executive since 2015.
From the record
NextPlat Corp's leadership, from its insiders' filings and its current reports: the chief executive on the record is Phipps, David (Chief Executive Officer, as filed), filing under that title since 2015-02-27, 11.7 years (top 5% of its family); the 8 officers and directors filing in the last fifteen months have been on the record a median of 4.4 years (bottom 23%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 13%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 46% of 19 in its family for room to expand.
From the record
NextPlat Corp's room to grow, from the newest filed statements (fiscal 2025): cash of $14 million against debt of $1 million leaves 45.2% of its assets as net cash, top 2% of its family; cash from operations less capital spending is -11.4% of revenue (bottom 13%); a gross margin of 20.1% (bottom 28%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 26% of 19 in its family for growth drivers.
From the record
NextPlat Corp's growth drivers, from the filed years to fiscal 2025: revenue grew 66.8% a year over the last three filed years against 66.8% over all 4, speeding up (top 39% of its family); the newest year grew -17.8% (bottom 3%); capital spending grew -53.7% a year (bottom 15%) (its annual reports). NextPlat Corp reported 2 lines of business in fiscal 2025: Healthcare Operations at $40 million (73%), Ecommerce Revenue at $15 million (27%); 1 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 36% of 17 in its family for expectations against reality.
From the record
NextPlat Corp's newest year against its own record: revenue of $54 million in fiscal 2025 came in 65.4% below the $157 million its prior three years' pace pointed to (bottom 3% of its family); net income of $12 million against a prior three-year average of $9 million (bottom 26%); a net margin of -21.6% against -36.2% before (top 21%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made