NextBoat Inc.'s Autograph Yachts Division Delivers Strong Second Quarter Growth, Driven by Expanding Brokerage Platform and Market Share Gains
Rhea-AI Summary
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Q2 yacht transactions up 41% QoQ to 31 deals
- Total Q2 transaction volume nearly doubled from Q1’s ~$35 million
- Autograph exceeds first-year $100 million volume goal by over 30%
- Division reaches approximately $132 million total transaction volume since Sept 2025
- Listing inventory grows from about $100 million to about $190 million
- Five new brokers added in quarter; additional Miami office being established
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 19 | Rebrand & ticker change | Positive | +1.4% | Rebranding to NextBoat with AI-powered marine marketplace positioning. |
| May 14 | Q1 2026 earnings | Positive | -3.1% | Record revenue and guidance raise alongside a swing to net loss. |
| May 14 | Apex acquisition close | Positive | +13.4% | Completed Apex Marine acquisition adding large-scale service and sales hub. |
| May 04 | Earnings call notice | Neutral | -2.6% | Announcement of Q1 2026 results release and conference call timing. |
| Apr 16 | New-boat expansion | Positive | -2.3% | Expansion into new boat sales using Sportsman and Phenom brands. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive strategic news has produced mixed reactions, with roughly half of upbeat announcements followed by negative price moves within 24 hours.
Over the past few months, the company reported record Q1 2026 revenue of $29.8 million and higher gross profit, but also a $3.5 million net loss and higher operating costs. It completed the Apex Marine acquisition on May 13, 2026 and announced expansion into new-boat sales and storage capacity. The May rebrand to NextBoat and AI-powered marketplace positioning marked a strategic shift, and today’s Autograph brokerage growth update builds on that expansion-focused narrative.
Regulatory & Risk Context
AI-generated analysis. How Rhea-AI works. Not financial advice.
Division surpasses
WILMINGTON, NC / ACCESS Newswire / June 16, 2026 / NextBoat Inc. (NYSE America:NXB) ("NextBoat" or the "Company"), formerly Off The Hook YS Inc. (NYSE America:OTH), today announced strong growth from its Autograph yacht brokerage division reflecting continued growth in transaction volume, gross sales, new listings, and team expansion.
During the second quarter, Autograph facilitated 31 yacht transactions, up from 22 in the first quarter, representing a
Since launching operations in September 2025, Autograph has facilitated approximately
"Our second quarter results demonstrate the strength of our platform, our brokers, and our commitment to innovation within the yacht brokerage industry," said Mike Burke, President of Autograph Yacht Group. "What makes these results particularly meaningful is that we achieved them while building the business from the ground up. We began with no offices, a small team of seven brokers, and limited infrastructure. Today, we have established a scalable platform with multiple offices, experienced support staff, advanced marketing capabilities, and growing market presence."
The Company's brokerage listing inventory has expanded significantly, growing from approximately
The Company has also continued to invest in geographic expansion and talent acquisition. Autograph is currently establishing an additional office in Coconut Grove, Miami, strengthening its coverage across Southeast Florida. During the quarter, the Company added five new brokers and is actively engaged in discussions with an additional five to six top-producing brokers expected to join the platform over the coming months.
About NextBoat Inc.
Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat's ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the
Contact
Investor Relations
ir@nextboat.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws regarding NextBoat Inc. ("Company"), including, without limitation, statements regarding the Company's business strategy, technology platform, market opportunity, planned operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "explore," "evaluate," "intend," "may," "might," "plan," "potential," "predict," "project," "seek," "should," or "will," or the negative of such terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying words.
These forward-looking statements are based on the Company's current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various risks and uncertainties, including those described under the heading "Risk Factors" in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC. Copies of these filings are available on the SEC's website at www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements. The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after the date such statements were made, except as required by applicable law.
SOURCE: NextBoat Inc.
View the original press release on ACCESS Newswire