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Side-by-side financial comparison of NextPlat Corp (NXPL) and REED'S, INC. (REED). Click either name above to swap in a different company.
NextPlat Corp is the larger business by last-quarter revenue ($12.8M vs $7.5M, roughly 1.7× REED'S, INC.). NextPlat Corp runs the higher net margin — -40.2% vs -50.5%, a 10.4% gap on every dollar of revenue. On growth, NextPlat Corp posted the faster year-over-year revenue change (-21.1% vs -23.1%). NextPlat Corp produced more free cash flow last quarter ($-339.0K vs $-3.9M). Over the past eight quarters, REED'S, INC.'s revenue compounded faster (-11.7% CAGR vs -14.4%).
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.
NXPL vs REED — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.8M | $7.5M |
| Net Profit | $-5.1M | $-3.8M |
| Gross Margin | 14.3% | 20.4% |
| Operating Margin | -28.9% | -46.9% |
| Net Margin | -40.2% | -50.5% |
| Revenue YoY | -21.1% | -23.1% |
| Net Profit YoY | -70.6% | 8.2% |
| EPS (diluted) | — | $-1.26 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $12.8M | $7.5M | ||
| Q3 25 | $13.8M | $7.0M | ||
| Q2 25 | $13.2M | $9.5M | ||
| Q1 25 | $14.5M | $10.0M | ||
| Q4 24 | $16.2M | $9.7M | ||
| Q3 24 | $15.4M | $6.8M | ||
| Q2 24 | $17.0M | $11.9M | ||
| Q1 24 | $17.5M | $9.6M |
| Q4 25 | $-5.1M | $-3.8M | ||
| Q3 25 | $-2.2M | $-4.0M | ||
| Q2 25 | $-1.8M | $-6.0M | ||
| Q1 25 | $-1.3M | $-2.0M | ||
| Q4 24 | $-3.0M | $-4.1M | ||
| Q3 24 | $-4.2M | $-4.2M | ||
| Q2 24 | $-5.3M | $-3.2M | ||
| Q1 24 | $-1.5M | $-1.7M |
| Q4 25 | 14.3% | 20.4% | ||
| Q3 25 | 19.9% | 17.4% | ||
| Q2 25 | 21.8% | 8.5% | ||
| Q1 25 | 23.8% | 33.9% | ||
| Q4 24 | 16.8% | 30.0% | ||
| Q3 24 | 23.2% | 18.0% | ||
| Q2 24 | 34.5% | 32.3% | ||
| Q1 24 | 27.8% | 35.6% |
| Q4 25 | -28.9% | -46.9% | ||
| Q3 25 | -14.5% | -58.3% | ||
| Q2 25 | -13.8% | -60.8% | ||
| Q1 25 | -10.2% | -17.4% | ||
| Q4 24 | -14.1% | -37.6% | ||
| Q3 24 | -52.1% | -46.5% | ||
| Q2 24 | -64.1% | -5.6% | ||
| Q1 24 | -10.5% | -6.8% |
| Q4 25 | -40.2% | -50.5% | ||
| Q3 25 | -15.9% | -56.6% | ||
| Q2 25 | -13.5% | -63.5% | ||
| Q1 25 | -9.2% | -20.3% | ||
| Q4 24 | -18.6% | -42.3% | ||
| Q3 24 | -27.4% | -61.5% | ||
| Q2 24 | -31.3% | -27.1% | ||
| Q1 24 | -8.5% | -17.4% |
| Q4 25 | — | $-1.26 | ||
| Q3 25 | — | $-0.48 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | $-0.05 | $-0.04 | ||
| Q4 24 | — | $-3.73 | ||
| Q3 24 | $-0.22 | $-4.91 | ||
| Q2 24 | — | $-0.77 | ||
| Q1 24 | $-0.08 | $-0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7M | — |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $17.3M | $9.2M |
| Total Assets | $27.5M | $23.3M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.7M | — | ||
| Q3 25 | $13.9M | — | ||
| Q2 25 | $16.6M | — | ||
| Q1 25 | $17.7M | — | ||
| Q4 24 | $20.0M | — | ||
| Q3 24 | $20.4M | — | ||
| Q2 24 | $24.9M | — | ||
| Q1 24 | $23.5M | — |
| Q4 25 | $1.3M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $1.2M | — | ||
| Q1 25 | $1.3M | — | ||
| Q4 24 | $1.4M | — | ||
| Q3 24 | $1.5M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $1.4M | — |
| Q4 25 | $17.3M | $9.2M | ||
| Q3 25 | $21.4M | $2.8M | ||
| Q2 25 | $23.5M | $1.7M | ||
| Q1 25 | $25.3M | $4.7M | ||
| Q4 24 | $27.3M | $6.6M | ||
| Q3 24 | $22.5M | $-22.0M | ||
| Q2 24 | $26.5M | $-23.8M | ||
| Q1 24 | $31.2M | $-20.7M |
| Q4 25 | $27.5M | $23.3M | ||
| Q3 25 | $30.0M | $19.9M | ||
| Q2 25 | $31.0M | $23.7M | ||
| Q1 25 | $35.2M | $24.5M | ||
| Q4 24 | $37.1M | $25.1M | ||
| Q3 24 | $41.1M | $15.0M | ||
| Q2 24 | $51.5M | $18.7M | ||
| Q1 24 | $65.1M | $19.3M |
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.05× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.05× | — | ||
| Q1 24 | 0.04× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-302.0K | $-3.8M |
| Free Cash FlowOCF − Capex | $-339.0K | $-3.9M |
| FCF MarginFCF / Revenue | -2.6% | -52.0% |
| Capex IntensityCapex / Revenue | 0.3% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-17.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-302.0K | $-3.8M | ||
| Q3 25 | $-2.7M | $-2.8M | ||
| Q2 25 | $-1.0M | $-5.0M | ||
| Q1 25 | $-2.1M | $-5.4M | ||
| Q4 24 | $-476.0K | $-3.9M | ||
| Q3 24 | $-4.6M | $1.1M | ||
| Q2 24 | $2.3M | $-912.0K | ||
| Q1 24 | $-2.7M | $-2.4M |
| Q4 25 | $-339.0K | $-3.9M | ||
| Q3 25 | — | $-2.9M | ||
| Q2 25 | $-1.1M | $-5.1M | ||
| Q1 25 | $-2.1M | $-5.4M | ||
| Q4 24 | $-508.0K | $-4.0M | ||
| Q3 24 | $-4.7M | $1.0M | ||
| Q2 24 | $2.2M | $-924.0K | ||
| Q1 24 | $-2.7M | $-2.4M |
| Q4 25 | -2.6% | -52.0% | ||
| Q3 25 | — | -41.5% | ||
| Q2 25 | -8.0% | -53.2% | ||
| Q1 25 | -14.3% | -54.2% | ||
| Q4 24 | -3.1% | -40.8% | ||
| Q3 24 | -30.6% | 15.3% | ||
| Q2 24 | 13.2% | -7.8% | ||
| Q1 24 | -15.7% | -25.1% |
| Q4 25 | 0.3% | 1.1% | ||
| Q3 25 | 0.0% | 1.4% | ||
| Q2 25 | 0.1% | 0.2% | ||
| Q1 25 | 0.2% | 0.7% | ||
| Q4 24 | 0.2% | 1.0% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 0.4% | 0.1% | ||
| Q1 24 | 0.4% | 0.2% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
REED
Segment breakdown not available.
