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NextBoat (NXB) AI Stock Analysis
NextBoat
(NYSE MKT:NXB)
The score is primarily weighed down by weak financial performance (losses, compressed margins, persistent negative operating/free cash flow, and high leverage). Technicals also remain bearish with the stock trading well below key moving averages. The earnings call provided a partial offset via strong top-line momentum and reiterated guidance, but recent debt/bridge financing terms and control-risk features reinforce the elevated risk profile.
NextBoat (NXB) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $36.71M
- Dividend Yield
- ―
- Average Volume (3M)
- 48.26K
- Price to Earnings (P/E)
- -4.4
- Beta (1Y)
- 2.48
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- US
- Employees
- 40
- Sector
- General
- Sector Strength
- 55
- Industry
- Auto - Dealerships
NextBoat Business Overview & Revenue Model
Company Description
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 reta...
NextBoat Earnings Call Summary
The call reported broad and material top-line and volume strength: record revenue (+88.4% YoY), record units sold (+~138% YoY), doubling of gross profit, meaningful growth in higher-margin services, new strategic partnerships (MarineMax/Newcoast), and physical acquisitions that expand capabilities. These positives were balanced by elevated operating expenses tied to M&A integration and public-company build-out (notably higher salaries, SG&A, and marketing), increased floor-plan interest and working-capital needs, a modest decline in average pre-owned selling price, and remaining integration work. Overall, management framed the quarter as a validation of the scalable platform and focused on converting scale to margin while managing near-term expense increases.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
NextBoat reiterated full-year 2026 revenue guidance of $165–$170 million while shifting focus to margin improvement and H2 profitability; that guidance is anchored by Q2 results of $59.1 million revenue (up 88.4% YoY), record unit volume of 255 boats (≈+138% YoY) with ~230 pre-owned units, transaction volume up ~120–138% YoY, and a year-to-date brokerage run rate of $134 million in 8 months (vs. a $100M full‑year goal). Q2 detail supports the plan: $45.0M pre-owned sales, $10.9M new boat sales (+189.3%), average pre-owned transaction ~$381,566, F&I revenue $1.0M (+66.7%), service/parts $2.2M (+465.6%), gross profit $9.5M (+100.1%) with pre-owned gross margin ~15%, and inventory turns targeted at ~4–5x; management expects to lift margins through F&I, warranty (launching this month), broker growth (26 new brokers in Q2), integrations (Apex/BellHart), and operational leverage while managing higher SG&A, salaries ($6.5M), stock‑based comp ($1.7M), advertising ($0.4M) and floor‑plan interest ($0.8M).
NextBoat Financial Statement Overview
Summary
Despite strong revenue growth, profitability and cash generation are weak: 2025 net income swung to a loss, margins compressed sharply, operating and free cash flow were negative across all three years, and leverage remains elevated with meaningful debt versus equity—creating high financing and execution risk.
Income Statement
38NegativeBalance Sheet
30NegativeCash Flow
27Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 150.19M | 119.87M | 99.00M | 91.84M |
| Gross Profit | 12.18M | 5.38M | 8.78M | 9.15M |
| EBITDA | -5.00M | 568.36K | 2.87M | 3.26M |
| Net Income | -8.05M | -1.87M | 991.68K | 1.30M |
Balance Sheet | ||||
| Total Assets | 100.49M | 48.42M | 31.64M | 20.30M |
| Cash, Cash Equivalents and Short-Term Investments | 7.74M | 12.43M | 2.93M | 1.65M |
| Total Debt | 80.98M | 32.02M | 25.32M | 14.98M |
| Total Liabilities | 88.44M | 36.58M | 30.67M | 20.55M |
| Stockholders Equity | 12.26M | 11.84M | 967.39K | -249.72K |
Cash Flow | ||||
| Free Cash Flow | -19.15M | -1.45M | -7.13M | -4.47M |
| Operating Cash Flow | -18.57M | -697.39K | -7.11M | -3.94M |
| Investing Cash Flow | -4.46M | -749.89K | -25.01K | -536.40K |
| Financing Cash Flow | 27.65M | 10.95M | 8.41M | 288.99K |
NextBoat Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXB, the sentiment is Negative. The current price of 1.54 is below the 20-day moving average (MA) of 1.80, below the 50-day MA of 2.00, and below the 200-day MA of 2.33, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 26.19 is Positive, neither overbought nor oversold. The STOCH value of 21.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NXB.
NextBoat Risk Analysis
NextBoat disclosed 39 risk factors in its most recent earnings report. NextBoat reported the most risks in the "Production" category.
Latest Risks Added
2 New RisksNextBoat Peers Comparison
Overall Rating
CVNA72Outperform
CARG68Neutral
CARS63Neutral
KMX54Neutral
VRM48Neutral- NXB41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| CVNA | 72Outperform | $75.34B | 22.19 | 43.91% | ― | 50.28% | 157.02% |
| CARG | 68Neutral | $2.87B | 17.21 | 56.25% | ― | 6.01% | 47.62% |
| CARS | 63Neutral | $601.71M | 19.23 | 7.40% | ― | 1.08% | -6.71% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| KMX | 54Neutral | $7.89B | 26.09 | 4.80% | ― | 4.09% | -40.01% |
| VRM | 48Neutral | $39.05M | -0.67 | -51.30% | ― | 100.60% | 69.18% |
| NXB | 41Neutral | $36.71M | -4.39 | -94.82% | ― | ― | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NXB | Nextboat Inc. | 1.46 | -2.34 | -61.58% | |
| KMX | CarMax Inc | 55.58 | 14.83 | 36.39% | |
| CVNA | Carvana | 68.29 | 6.33 | 10.22% | |
| CARG | Cargurus | 32.18 | -1.80 | -5.30% | |
| CARS | Cars.com, Inc. | 11.24 | 0.77 | 7.35% | |
| VRM | Vroom, Inc. | 7.46 | -15.31 | -67.24% |
NextBoat Corporate Events
NextBoat Secures New Debt Financing to Accelerate Growth
PositiveOn October 22 and 23, 2026, NextBoat’s wholly owned subsidiary Off The Hook Yacht Sales NC, LLC entered into a $5 million revolving credit agreement with RLLT Capital, LLC, with $2 million initially drawn, to fund working capital and inventory...
NextBoat Enters High-Interest Bridge Financing Agreement
NegativeOn October 13, 2026, Off The Hook Yacht Sales NC, LLC issued a subordinated promissory note to BPC Management, LLC for short‑term bridge financing of up to $2.2 million in working capital, with an initial $1.0 million advance already funded and...
NextBoat Announces CFO Resignation Amid Stable Leadership
NeutralOn October 5, 2026, NextBoat Inc. announced that Chief Financial Officer Chad Corbin has decided to resign from his position. He will remain in the role during a transition period until a successor is appointed, and the company stated the departure i...
NextBoat Appoints New CEO, Emphasizing Performance Alignment
PositiveOn September 28, 2026, NextBoat Inc. completed a leadership transition in which Brian S. John resigned as Chief Executive Officer, while remaining on the board, and Ross Tannenbaum formally assumed the CEO role. The company stated that John’s d...
NextBoat Strengthens Leadership With New Director and VP
PositiveOn September 4, 2026, NextBoat Inc., a technology-driven marine marketplace and one of the largest buyers and sellers of used boats in the United States, announced two key leadership changes to support its evolution into a more mature public company....
NextBoat Announces Immediate Resignation of Non-Independent Director
NeutralOn August 26, 2026, NextBoat Inc. announced that non-independent director George Jousma resigned from its Board of Directors and from his role on the Compensation Committee, effective immediately. The company stated that Jousma’s departure did...
NextBoat Secures Convertible Financing and Issues Equity Warrants
NeutralOn August 14, 2026, NextBoat Inc. entered into a $510,000 loan agreement with Greentree Financial Group Inc., issuing a 10% convertible promissory note with a 10% original issue discount that yielded roughly $459,000 in net proceeds. The note, maturi...
NextBoat Reports Soaring Q2 Revenue Amid Strategic Expansion
PositiveOn August 13, 2026, NextBoat Inc. reported fiscal second-quarter 2026 results showing revenue surged 88.4% year over year to a record $59.1 million, driven by a 104.4% rise in pre-owned boat sales and a record 255 boats sold, while gross profit doubl...
NextBoat to Report Q2 2026 Results August 13
NeutralOn August 4, 2026, NextBoat Inc. announced plans to release its second-quarter 2026 financial and operating results on Thursday, August 13, 2026, after the market close. The disclosure will be accompanied by an earnings conference call at 4:30 p.m. E...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 29, 2026