Want to see NXB full AI Analyst Report?
Top Page
NextBoat
(NXB)
Select Model
Select Model
Rating:45Neutral
Price Target:
$1.50
▼(-34.78% Downside)
Action:Reiterated
Date:10/21/26
The score is held down primarily by weak financial performance (losses, margin compression, persistent negative operating/free cash flow, and leverage). Technicals also remain bearish with the stock below key moving averages and negative MACD. The earnings call adds some offset via reiterated revenue guidance and strong volume/gross profit growth, but elevated costs, interest burden, and working-capital needs keep risk high.
Positive Factors
Strong revenue and volume growth
Rapid growth in revenue and unit volume indicates expanding marketplace activity and stronger transaction capacity. If management converts this scale into improved margins, the larger operating base can support broader market reach, more customer liquidity, and durable revenue growth over coming quarters.
Negative Factors
High-cost bridge financing
The expensive, short-maturity bridge financing signals substantial near-term funding pressure and raises refinancing and default risk. Required repayment from boat-sale proceeds can constrain operating liquidity, while collateral and control provisions may reduce strategic flexibility if repayment conditions are not met.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue and volume growth
Rapid growth in revenue and unit volume indicates expanding marketplace activity and stronger transaction capacity. If management converts this scale into improved margins, the larger operating base can support broader market reach, more customer liquidity, and durable revenue growth over coming quarters.
Read all positive factors
NextBoat (NXB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$37.46M
Dividend YieldN/A
Average Volume (3M)37.20K
Price to Earnings (P/E)―
Beta (1Y)2.42
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees40
SectorGeneral
Sector StrengthN/A
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)-0.33
Shares Outstanding25,142,895
10 Day Avg. Volume51,704
30 Day Avg. Volume37,201
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)5.42
Price to Sales (P/S)0.54
P/FCF Ratio-44.31
Enterprise Value/Market Cap3.48
Enterprise Value/Revenue0.87
Enterprise Value/Gross Profit10.70
Enterprise Value/Ebitda-26.06
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.05
Revenue Forecast (FY)$170.00M
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 r...
NextBoat Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Dec 21, 2026
Earnings Call Sentiment Positive
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.Positive Updates
Record Quarterly Revenue
Revenue of $59.1M in Q2 2026, up 88.4% year-over-year (from $31.3M in Q2 2025); company maintained full-year 2026 revenue guidance of $165M–$170M.
Negative Updates
Rising Operating Expenses and SG&A
SG&A increased 250% to $1.4M for the quarter (from $400K), driven by integration of acquired businesses, higher insurance, and marketing spend associated with public company build-out and expansion.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Revenue
Revenue of $59.1M in Q2 2026, up 88.4% year-over-year (from $31.3M in Q2 2025); company maintained full-year 2026 revenue guidance of $165M–$170M.
Read all positive 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
Income Statement
38
Negative
Balance Sheet
30
Negative
Cash Flow
27
Negative
| 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
Negative
2.30
Price Trends
2.02
Negative
2.06
Negative
2.34
Negative
Market Momentum
-0.13
Positive
24.19
Positive
10.30
Positive
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 2.3 is above the 20-day moving average (MA) of 1.85, above the 50-day MA of 2.02, and below the 200-day MA of 2.34, indicating a bearish trend. The MACD of -0.13 indicates Positive momentum. The RSI at 24.19 is Positive, neither overbought nor oversold. The STOCH value of 10.30 is Positive, 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.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NextBoat Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $2.79B | 16.75 | 56.25% | ― | 6.01% | 47.62% | |
65 Neutral | $64.98B | 19.18 | 43.91% | ― | 53.98% | 159.43% | |
63 Neutral | $585.65M | 18.72 | 7.40% | ― | 1.08% | -6.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | $7.66B | 25.35 | 4.80% | ― | 4.09% | -40.01% | |
48 Neutral | $44.02M | -0.76 | -51.30% | ― | 100.60% | 69.18% | |
45 Neutral | $37.46M | -4.48 | -94.82% | ― | ― | ― |
* General Sector Average
NXB
NextBoat
1.49
-2.31
-60.79%
KMX
CarMax
53.99
11.53
27.15%
CVNA
Carvana Co
59.05
-11.74
-16.58%
CARG
CarGurus
31.32
-2.96
-8.63%
CARS
Cars
10.94
0.40
3.80%
VRM
Vroom, Inc.
8.41
-14.49
-63.28%
NextBoat Corporate Events
Business Operations and StrategyPrivate Placements and Financing
NextBoat Enters High-Interest Bridge Financing Agreement
Negative
Oct 19, 2026
On 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 ...
Executive/Board Changes
NextBoat Announces CFO Resignation Amid Stable Leadership
Neutral
Oct 9, 2026
On 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 departur...
Business Operations and StrategyExecutive/Board Changes
NextBoat Appoints New CEO, Emphasizing Performance Alignment
Positive
Sep 29, 2026
On 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’...
Business Operations and StrategyExecutive/Board Changes
NextBoat Strengthens Leadership With New Director and VP
Positive
Sep 4, 2026
On 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 compa...
Executive/Board Changes
NextBoat Announces Immediate Resignation of Non-Independent Director
Neutral
Aug 28, 2026
On 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 d...
Business Operations and StrategyPrivate Placements and Financing
NextBoat Secures Convertible Financing and Issues Equity Warrants
Neutral
Aug 18, 2026
On 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, mat...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
NextBoat Reports Soaring Q2 Revenue Amid Strategic Expansion
Positive
Aug 13, 2026
On 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 do...
Business Operations and StrategyFinancial Disclosures
NextBoat to Report Q2 2026 Results August 13
Neutral
Aug 4, 2026
On 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...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.