NextBoat Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $48.8M
- Price
- $1.94
- % Change (Daily % change from the live per-ticker quote feed.)
- +3.19%
- Volume
- 14.1K
About
Off The Hook YS, Inc. specializes in the acquisition, resale, and wholesale distribution of yachts and boats. Its operations are divided into two primary divisions: Dealerships and Financing Services. The Dealership segment primarily handles the retail of both new and previously owned watercraft. Conversely, the Financing Services arm offers credit solutions to private clients seeking to acquire marine vessels, aircraft, or recreational vehicles. Founded in 2012 by Jason Ruegg, the firm's main office is located in Wilmington, North Carolina.
Quick stats
Shares outstanding25.1M
Computed float9.8M
Float / shares39.0%
Key info
SectorConsumer Cyclical
IndustryAuto - Dealerships
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002067767
Websitehttps://nextboat.com
AI Summary
AI-generated1/12
standardbullishearnings
NextBoat Inc. Announces Fiscal Second Quarter 2026 Results
NextBoat reported a record second quarter with revenue increasing 88.4% year-over-year to $59.1 million, driven by a 138% surge in transaction volume and the contribution of recent acquisitions Apex Marine and Bellhart.
The company sold 255 boats during the quarter, expanding gross profit by 100.1% to $9.5 million, while solidifying a strategic partnership with MarineMax as its preferred wholesale partner.
Despite the topline growth, NextBoat recorded a net loss of $2.1 million compared to a profit last year, largely attributed to stock-based compensation and acquisition integration costs, though Adjusted EBITDA remained positive at $0.8 million.
Management maintained full-year revenue guidance of $165 million to $170 million, signaling confidence in the continued expansion of its brokerage and service networks.
Red flags
- Net income swung from a $0.6 million profit to a $2.1 million loss year-over-year
- SG&A expenses increased nearly 260% due to higher operating costs and marketing
- Stock-based compensation totaled $1.7 million, weighing on GAAP profitability