Recent Updates — OTH
On August 26, 2026, George Jousma resigned from the Board of Directors and the Compensation Committee of NextBoat Inc., effective immediately. The filing states that Mr. Jousma served as a non-independent director and his departure was not due to any disagreement with the Company regarding its operations, policies, or practices. NextBoat Inc. operates in the marine technology industry, providing software solutions for boat owners.
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.
NextBoat Inc. reported record second quarter 2026 performance, including a 120% year-over-year increase in transaction volume and a tripling of its transaction closing team. The company expects to reach or near profitability for the second quarter, following a loss in the first quarter. NextBoat Inc. is a technology-driven marine marketplace providing boat brokerage, wholesale, and financing services.