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NextBoat (NYSE American:NXB) reported preliminary record performance for the second quarter of 2026, including a record number of transaction closings and record quarterly sales, and indicated it expects to be at or near profitability for the period.
Key developments included approximately 120% year-over-year growth in transaction volume, a preferred wholesale partnership with MarineMax for pre-owned boats and yachts, a preferred finance and insurance relationship with Newcoast, and successful integration of APEX, which achieved profitability in its first full quarter under NextBoat ownership. The company tripled its transaction closing team, expanded headcount about 42% year-over-year, advanced proprietary closing automation, launched an automated Broker Hiring Portal, and continued Bellhart’s operational turnaround. NextBoat plans to report full Q2 financials on August 14, 2026.
MarineMax (NYSE:HZO) announced a strategic partnership with NextBoat (NYSE American:NXB), an AI-powered marine technology company, dated July 8, 2026. The collaboration is expected to broaden distribution for Newcoast Financial Services by connecting its financing, insurance and F&I products to more pre-owned boat buyers and transactions via NextBoat’s AI-enabled marketplace platform.
According to MarineMax, the relationship supports its objective to grow higher-margin financing and insurance offerings and complements existing retail and financial services capabilities.
NextBoat (NYSE American:NXB) announced a strategic partnership with MarineMax (NYSE:HZO), the world's largest recreational boat and yacht retailer. MarineMax becomes NextBoat's preferred wholesale and trade-in partner, routing a significant share of pre-owned inventory through the NextBoat AI platform.
The platform provides AI-powered vessel valuations, rapid wholesale bidding, real-time transaction management, workflow tools, analytics, and integrated financing and insurance via MarineMax's Newcoast arm. MarineMax, with over $2.3 billion in annual revenue across 120 locations, is expected to increase platform volume and support expansion to additional marine industry participants.
NextBoat (NYSE American:NXB) reported that its Autograph Yacht Group division completed the sale of a 2009 Abeking & Rasmussen 60-meter superyacht, last asking $45,000,000. This is described as the largest brokerage transaction in company history and expands its reach into ultra-high-net-worth clients.
NextBoat (NYSE American:NXB) reported integration milestones within 60 days of acquiring APEX Marine Companies. APEX’s entire boat inventory is now on the NextBoat platform, with most pre-owned vessels centralized in Miami to improve inventory management and sales visibility.
APEX’s sales team has sold 15 vessels since May 1, 2026, and additional sales are in progress. The service department stores eight boats and is expanding yard space by late June. NextBoat closed its Haulover location and has identified about $90,000 in monthly SG&A reductions, supporting its goal of greater efficiency and long-term shareholder value.
NextBoat (NYSE America:NXB) reports strong second-quarter growth at its Autograph yacht brokerage division, led by higher transaction volume and listings.
Autograph completed 31 yacht deals versus 22 in Q1, nearly doubled total transaction volume, surpassed its first-year $100 million target, and expanded listing inventory and broker headcount.
NextBoat (NYSE American:NXB), formerly Off The Hook YS (OTH), completed its corporate rebrand and began trading under ticker NXB on NYSE American.
The new identity supports a shift from traditional yacht brokerage to an AI-powered platform modernizing the fragmented pre-owned boat market across transactions, financing, logistics, and data.