NextPlat Corp 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from ______________to _______________. Commission File Number 001-40447 NEXTPLAT CORP (Exact name of registrant as specified in its charter) Nevada65-0783722(State or other jurisdiction of(I.R.S. Employer incorporation or organization) (305)-560-5381Registrant’s telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Indicate by check whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes☐No☒ Indicate the number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date. Outstanding at May 11, 20262,708,507(excluding 13,054shares held as treasury stock) Table of Contents FORM 10-QINDEXPagePART I.FINANCIAL INFORMATIONITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)2CONDENSED CONSOLIDATED BALANCE SHEETS2CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS3CONDENSED CONSOLIDATED STATEMENTS OF EQUITY4CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS5NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS6ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS24ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK30ITEM 4. CONTROLS AND PROCEDURES30PART II. OTHER INFORMATIONITEM 1. LEGAL PROCEEDINGS31ITEM 1A. RISK FACTORS32ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS33ITEM 3. DEFAULTS UPON SENIOR SECURITIES33ITEM 4. MINE SAFETY DISCLOSURES33ITEM 5. OTHER INFORMATION34ITEM 6. EXHIBITS37SIGNATURES38i SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This quarterly report and other documents that we file with the Securities and Exchange Commission (“SEC”) contain forward-looking statements that are based on current expectations, estimates, forecasts and projections about our future performance, ourbusiness, our beliefs and our management’s assumptions. Statements that are not historical facts are forward-looking statements,including forward-looking information concerning sales trends, gross margins, number and location of new store openings,outcomes of litigation, the level of capital expenditures, industry trends, demographic trends, growth strategies, financial results,cost reduction initiatives, acquisition synergies, regulatory approvals, and competitive strengths. Words such as “expect,”“outlook,” “forecast,” “would,” “could,” “should,” “project,” “intend,” “plan,” “continue,” “sustain,”“on track,”“believe,” “seek,”“estimate,” “anticipate,” “may,” “assume,” and variations of such words and similar expressions are often used to identify suchforward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Actof 1995. These forward-looking statements are not guarantees of future performance and involve risks, assumptions anduncertainties, including, but not limited to, those described in our Annual Report on Form 10-K for the year ended December 31,2025 filed with the SECon March 31, 2026 (“2025 Form 10-K”), this quarterly report on Form 10-Q for the three months endedMarch 31, 2026, and our other reports that we file or furnish with the SEC. Should one or more of these risks or uncertaintiesmaterialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated oranticipated by such forward-looking statements.