NextBoat Inc. (OTH) Form 10-Q — Aug 13, 2026
NextBoat Inc. (NYSE American: NXB) reported H1 2026 revenue of $88.9 million, up 51.8% year over year, driven by the Apex Marine and Bellhart acquisitions, but swung to a net loss of $5.5 million ($0.22 per share) versus $0.8 million of net income a year ago. Q2 revenue rose 88.4% to $59.1 million with Adjusted EBITDA of $0.8 million, roughly flat sequentially against the prior-year quarter.
Key figures
- Revenue
- 88906943
- Total Debt
- $58.96 million including $51.56 million floor plan notes payable, $5.23 million long-term debt, and $2.17 million short-term debt
- Revenue Yoy
- 51.8% (H1 2026 vs H1 2025); +88.4% in Q2
- Total Assets
- 100493104
- Cash Position
- 7737601
- Shares Outstanding
- 25142895
- Goodwill
- 5499795
- Inventory
- 60393869
- Q2 Revenue
- 59063204
- Q2 Revenue Yoy
- 88.4%
- H1 Gross Margin
- 15.6% vs 14.2% prior year
- Ipo Net Proceeds
- approximately $13.4 million (Nov 14, 2025; 3,750,000 shares at $4.00)
- Working Capital
- 2950605
- Q2 Adjusted Ebitda
- 829805
- Bellhart Consideration
- 920000
- Floor Plan Notes Payable
- 51561686
- Marine Max Warrant Shares
- 1250000
- Apex Marine Consideration
- 6149350
- Working Capital Prior Year End
- 9005160
- Marine Max Warrant Exercise Price Range
- $3.25 to $7.00
Price after filing
1 day: -4.3%7 days: -10.5%30 days: +8.1%
Close on the filing date to close N calendar days later (from $2.10). Historical, not a forecast.
AI analysis
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