Earnings ·
NextBoat Inc. reported fiscal second quarter 2026 results with revenue increasing 88.4% year-over-year to a record…
OTHNextBoat Inc.
NextBoat Inc. reported fiscal second quarter 2026 results with revenue increasing 88.4% year-over-year to a record $59.1 million, driven by acquisitions of Apex Marine and Bellhart and expanded broker networks. Pre-owned boat sales rose 104.4%, while gross profit doubled to $9.5 million. The company sold a record 255 boats and executed two strategic acquisitions during the quarter. However, net loss widened to $2.1 million from $0.6 million in the prior year period due to increased salaries, marketing, and interest expenses associated with growth. Adjusted EBITDA remained flat at $0.8 million. For full-year 2026, NextBoat maintains revenue guidance between $165 million and $170 million. The company operates as a vertically integrated, technology-driven marine marketplace for buying, selling, financing, and servicing used boats in the United States.