NextBoat Inc. (NXB) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NXB SEC filings page.
NextBoat Inc. (NXB) reported $150.2M in revenue over the twelve months to Jun 30, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue growth is being absorbed below gross profit, while financing—not operations—supports expansion of the balance sheet.
Operating cash flow improved from-$7.1M in FY2024 to-$697K in FY2025. Yet free cash flow remained negative at-$1.3M , and capital expenditures were modest relative to operating cash flow, making this a cash-conversion issue rather than a heavy reinvestment burden.
Revenue grew
Current ratio improved from 1.0x to 1.3x, but inventory remained the dominant current asset. Meanwhile, financing cash inflow of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of NextBoat Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
NextBoat Inc. has an operating margin of 0.4%, meaning the company retains less than $1 of operating profit per $100 of revenue. This results in a moderate score of 40/100, indicating healthy but not exceptional operating efficiency. This is down from 2.7% the prior year.
NextBoat Inc.'s revenue surged 21.1% year-over-year to $119.9M, reflecting rapid business expansion. This strong growth earns a score of 83/100.
NextBoat Inc. carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
NextBoat Inc.'s current ratio of 1.29 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.
NextBoat Inc.'s operations used $697K of cash, and capex of $577K added to the outflow, for a free cash flow shortfall of $1.3M. This results in a cash flow score of 18/100.
NextBoat Inc. posts a -15.8% return on equity (ROE), meaning it loses $16 for every $100 of shareholders' equity. This results in a returns score of 79/100. This is down from 102.5% the prior year.
NextBoat Inc. scores 3.48, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
NextBoat Inc. passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
NextBoat Inc. reported a net loss of $1.9M while operations used $697K of cash. With neither figure positive, the ratio between the two carries no quality signal.
NextBoat Inc. earns $0.20 in operating income for every $1 of interest expense ($463K vs $2.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
NextBoat Inc. generated $59.1M in revenue in Q2 2026. This represents an increase of 88.4% from the same quarter a year earlier. Against the prior quarter it is up 97.9%.
NextBoat Inc.'s EBITDA was -$871K in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 172.6% from the same quarter a year earlier. Against the prior quarter it is up 67.9%.
NextBoat Inc. reported -$1.9M in net income in Q2 2026. This represents a decrease of 437.5% from the same quarter a year earlier. Against the prior quarter it is up 46.1%.
NextBoat Inc. earned -$0.08 per diluted share (EPS) in Q2 2026. This represents a decrease of 366.7% from the same quarter a year earlier. Against the prior quarter it is up 42.9%.
Cash & Balance Sheet
NextBoat Inc. generated $2.7M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 47.7% from the same quarter a year earlier. Against the prior quarter it is up 111.4%.
NextBoat Inc. held $7.7M in cash against $3.3M in long-term debt as of Q2 2026, with $68.5M of liabilities due within a year.
Not reported for Q2 2026.
Margins & Returns
NextBoat Inc.'s gross margin was 16.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.5 percentage points.
NextBoat Inc.'s operating margin was -1.8% in Q2 2026, reflecting core business profitability. This is down 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.9 percentage points.
NextBoat Inc.'s net profit margin was -3.2% in Q2 2026, showing the share of revenue converted to profit. This is down 4.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 8.5 percentage points.
NextBoat Inc.'s ROE was -15.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 156.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.6 percentage points.
Capital Allocation
NextBoat Inc. invested $81K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 1149.3% from the same quarter a year earlier. Against the prior quarter it is down 97.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
NXB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $59.1M+88.4% | $29.8M+9.6% | $37.3M | $24.0M-7.2% | $31.3M | $27.2M | N/A | $25.9M |
| Cost of Revenue | $49.5M+86.3% | $26.7M+8.6% | $36.3M | $21.0M-8.7% | $26.6M | $24.6M | N/A | $23.0M |
| Gross Profit | $9.5M+100.1% | $3.2M+18.3% | $993K | $3.0M+4.4% | $4.8M | $2.7M | N/A | $2.9M |
| SG&A Expenses | $1.4M+259.7% | $1.3M+205.2% | $987K | $617K+140.6% | $400K | $424K | N/A | $257K |
| Operating Income | -$1.0M-192.9% | -$2.9M-449.5% | -$1.8M | $310K-76.0% | $1.1M | $821K | N/A | $1.3M |
| EBITDA | -$871K-172.6% | -$2.7M-416.1% | -$1.7M | $398K-70.8% | $1.2M | $857K | N/A | $1.4M |
| Interest Expense | $1.2M+109.6% | $529K-3.0% | $644K | $500K+23.8% | $571K | $545K | N/A | $404K |
| Income Tax | -$162K | $163K | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$1.9M-437.5% | -$3.5M-1296.6% | -$2.6M | -$67K-106.9% | $554K+15.5% | $290K+24.6% | N/A | $960K |
| EPS (Basic) | -$0.08-366.7% | -$0.14-1500.0% | -$0.13-279.4% | $0.00-106.3% | $0.03 | $0.01 | -$0.03 | $0.05 |
| EPS (Diluted) | -$0.08-366.7% | -$0.14-1500.0% | -$0.13-279.4% | $0.00-106.3% | $0.03 | $0.01 | -$0.03 | $0.05 |
| Diluted Shares (Avg) | 25M+24.0% | 24M+21.6% | N/A | 20M0.0% | 20M | 20M | N/A | 20M |
Not reported in any period shown, so not listed: R&D Expenses.
NXB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $100.5M | $64.5M | $48.4M+53.0% | $32.6M | N/A | N/A | $31.6M | N/A |
| Current Assets | $71.4M | $53.4M | $39.9M+38.2% | $29.2M | N/A | N/A | $28.9M | N/A |
| Cash & Equivalents | $7.7M | $5.3M | $12.4M+324.6% | $2.3M | N/A | N/A | $2.9M | N/A |
| Short-Term Investments | $0 | $0 | $0 | $0 | N/A | N/A | $0 | N/A |
| Inventory | $60.4M | $46.4M | $26.0M+15.2% | $24.0M | N/A | N/A | $22.6M | N/A |
| Accounts Receivable | $1.3M | $304K | $270K+158.8% | $244K | N/A | N/A | $104K | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | N/A | N/A | $0 | N/A |
| Goodwill | $5.5M | $570K | $570K0.0% | $570K | N/A | N/A | $570K | N/A |
| Total Liabilities | $88.4M | $54.0M | $36.6M+19.3% | $33.2M | N/A | N/A | $30.7M | N/A |
| Current Liabilities | $68.5M | $48.5M | $30.9M+5.4% | $31.8M | N/A | N/A | $29.3M | N/A |
| Non-Current Liabilities | $20.0M | $5.5M | $5.7M+318.2% | $1.5M | N/A | N/A | $1.4M | N/A |
| Long-Term Debt | $3.3M | $56K | $62K-73.0% | $68K | N/A | N/A | $229K | N/A |
| Total Equity | $12.1M+2968.8% | $10.5M+1476.0% | $11.8M+1123.4% | -$611K-202.0% | $393K+137.5% | $665K+217.5% | $967K | $598K |
| Retained Earnings | -$11.8M | -$10.0M | -$6.5M-255.9% | -$3.4M | N/A | N/A | -$1.8M | N/A |
NXB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.8M-46.2% | -$20.9M-288.1% | -$33K+99.2% | -$446K | $5.2M | -$5.4M | -$4.0M | N/A |
| Depreciation & Amortization | $163K+87.9% | $159K+336.3% | $100K+107.4% | $87K+26.8% | $87K | $36K | $48K | $69K |
| Stock-Based Compensation | N/A | $1.8M | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | $81K+1149.3% | $2.9M+26458.2% | $375K+1586.4% | $186K | $6K | $11K | -$22K | N/A |
| Free Cash Flow | $2.7M-47.7% | -$23.7M-340.8% | -$408K+89.9% | -$631K | $5.2M | -$5.4M | -$4.0M | N/A |
| Investing Cash Flow | -$963K-515.4% | -$2.9M-26811.0% | -$397K-1887.5% | -$186K | -$156K | -$11K | $22K | N/A |
| Financing Cash Flow | $594K+121.1% | $16.7M+391.5% | $10.6M+231.6% | -$224K | -$2.8M | $3.4M | $3.2M | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
NXB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.1%+0.9pp | 10.6%+0.8pp | 2.7% | 12.6%+1.4pp | 15.2% | 9.8% | N/A | 11.2% |
| Operating Margin | -1.8%-5.3pp | -9.6%-12.6pp | -4.8% | 1.3%-3.7pp | 3.5% | 3.0% | N/A | 5.0% |
| Net Margin | -3.2%-4.9pp | -11.6%-12.7pp | -7.1% | -0.3%-4.0pp | 1.8% | 1.1% | N/A | 3.7% |
| Return on Equity | -15.5%-156.4pp | -33.1%-76.6pp | -22.4% | N/A | 140.9% | 43.6% | N/A | 160.5% |
| Return on Assets | -1.9% | -5.4% | -5.5% | -0.2% | N/A | N/A | N/A | N/A |
| Current Ratio | 1.04 | 1.10 | 1.29+0.3x | 0.92 | N/A | N/A | 0.98 | N/A |
| Debt-to-Equity | 0.27 | 0.01 | 0.01-0.2x | N/A | N/A | N/A | 0.24 | N/A |
| Asset Turnover | 0.59 | 0.46 | 0.77 | 0.74 | N/A | N/A | N/A | N/A |
| FCF Margin | 4.6%-11.9pp | -79.6%-59.8pp | -1.1% | -2.6% | 16.4% | -19.8% | N/A | N/A |
Where NextBoat Inc. Ranks
Frequently Asked Questions
What is NextBoat Inc.'s annual revenue?
NextBoat Inc. (NXB) reported $119.9M in total revenue for fiscal year 2025. This represents a 21.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is NextBoat Inc.'s revenue growing?
NextBoat Inc. (NXB) revenue grew by 21.1% year-over-year, from $99.0M to $119.9M in fiscal year 2025.
Is NextBoat Inc. profitable?
No, NextBoat Inc. (NXB) reported a net income of -$1.9M in fiscal year 2025, with a net profit margin of -1.6%.
What is NextBoat Inc.'s EBITDA?
NextBoat Inc. (NXB) had EBITDA of $774K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does NextBoat Inc. have?
As of fiscal year 2025, NextBoat Inc. (NXB) had $12.4M in cash and equivalents against $62K in long-term debt.
What is NextBoat Inc.'s gross margin?
NextBoat Inc. (NXB) had a gross margin of 9.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is NextBoat Inc.'s operating margin?
NextBoat Inc. (NXB) had an operating margin of 0.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is NextBoat Inc.'s net profit margin?
NextBoat Inc. (NXB) had a net profit margin of -1.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is NextBoat Inc.'s return on equity (ROE)?
NextBoat Inc. (NXB) has a return on equity of -15.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is NextBoat Inc.'s free cash flow?
NextBoat Inc. (NXB) recorded an outflow of $1.3M in free cash flow during fiscal year 2025. This represents a 82.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is NextBoat Inc.'s operating cash flow?
NextBoat Inc. (NXB) recorded an outflow of $697K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are NextBoat Inc.'s total assets?
NextBoat Inc. (NXB) had $48.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are NextBoat Inc.'s capital expenditures?
NextBoat Inc. (NXB) invested $577K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is NextBoat Inc.'s current ratio?
NextBoat Inc. (NXB) had a current ratio of 1.29 as of fiscal year 2025, which is considered adequate.
What is NextBoat Inc.'s debt-to-equity ratio?
NextBoat Inc. (NXB) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NextBoat Inc.'s return on assets (ROA)?
NextBoat Inc. (NXB) had a return on assets of -3.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is NextBoat Inc.'s P/E ratio?
NextBoat Inc. (NXB) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $57.1M as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NextBoat Inc.'s price-to-sales ratio?
NextBoat Inc. (NXB) trades at 0.4x sales, its market capitalization divided by revenue of $150.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $57.1M as of Sep 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is NextBoat Inc.'s Altman Z-Score?
NextBoat Inc. (NXB) has an Altman Z-Score of 3.48, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is NextBoat Inc.'s Piotroski F-Score?
NextBoat Inc. (NXB) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are NextBoat Inc.'s earnings high quality?
NextBoat Inc. (NXB) reported a net loss of $1.9M while operations used $697K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can NextBoat Inc. cover its interest payments?
NextBoat Inc. (NXB) has an interest coverage ratio of 0.20x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is NextBoat Inc.?
NextBoat Inc. (NXB) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.