NextBoat (NXB) sees record Q2 activity, eyes profitability
Rhea-AI Filing Summary
NextBoat Inc. provided a business update highlighting record second-quarter 2026 performance. The company reported record transaction closings and quarterly sales, driven in part by a new landmark partnership under which MarineMax became its preferred wholesale partner for pre-owned boats and yachts and Newcoast became a preferred finance and insurance partner.
Based on preliminary results, management stated it expects to be at or near profitability for the second quarter after a first-quarter loss tied to public-company transition costs. Preliminary internal data indicate transaction volume grew approximately 120% year-over-year, the transaction closing team was tripled, and the overall organization grew about 42% year-over-year. NextBoat also highlighted progress at acquired businesses, including APEX achieving profitability and Bellhart reducing legacy inventory, and emphasized continued investment in proprietary automation, a new Broker Hiring Portal and a centralized Business Development Center. Detailed second-quarter results are expected on August 14, 2026.
Positive
- Transaction volume grew approximately 120% year-over-year in the second quarter of 2026 based on preliminary unaudited internal data, alongside record transaction closings and quarterly sales and an expectation of being at or near profitability.
- A new landmark partnership with MarineMax as preferred wholesale partner for pre-owned boats and yachts, combined with APEX reaching profitability after integration, supports NextBoat’s expanding marine marketplace platform.
Negative
- None.
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8-K Event Classification
Key Figures
Key Terms
Regulation FD regulatory
emerging growth company regulatory
forward-looking statements regulatory
public-company transition costs financial
preferred wholesale partner financial
Business Development Center other
FAQ
What did NextBoat Inc. (NXB) report about its second-quarter 2026 performance?
How much did NextBoat Inc. (NXB) grow transaction volume year-over-year?
What key partnerships did NextBoat Inc. (NXB) highlight in this update?
How is NextBoat Inc. (NXB) investing in technology and automation?
When will NextBoat Inc. (NXB) release detailed second-quarter 2026 financial results?
What progress did NextBoat Inc. (NXB) report on APEX and Bellhart?
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 7.01. Regulation FD Disclosure.
On July 16, 2026, NextBoat Inc. (the “Company”) issued a press release: “NextBoat to Report Record Second Quarter Performance and Expects to Up Its Guidance for the Third Time in 2026 and Return to Profitability”. A copy of the press release is attached hereto as Exhibit 99.1.
The information under Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, or incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Exhibits | |
| 99.1 | Press Release of NextBoat Inc. entitled “NextBoat to Report Record Second Quarter Performance and Expects to Up Its Guidance for the Third Time in 2026 and Return to Profitability” dated July 16, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 16, 2026 | NextBoat Inc. | |
| By: | /s/ Brian John | |
| Name: | Brian John | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
NextBoat Provides Update on Record Second Quarter Performance and Progress Toward Profitability
Record transaction closings, record quarterly sales, and a landmark MarineMax partnership drive continued marketplace expansion and progress toward profitability
Wilmington, NC – ACCESS Newswire – July 16, 2026 – NextBoat Inc. (NYSE American: NXB) (“NextBoat” or the “Company”), today provided a business update highlighting record closings and quarterly sales during the second quarter of 2026, continued expansion of its marketplace, and significant progress toward profitability, alongside continued investment in the platform and automation.
“The first quarter of 2026, our first full quarter as a public company, included public-company transition costs, resulting in a loss for the quarter,” said Jason Ruegg, Founder and Executive Chairman. “Based on preliminary results, we expect to be at or near profitability for the second quarter, which we believe reflects the resilience of our operating platform and our disciplined growth and execution.”
Second Quarter Highlights
| ● | Achieved a record number of transaction closings during the quarter. |
| ● | Partnered with MarineMax as its preferred wholesale partner for pre-owned boats and yachts, while establishing a preferred finance and insurance relationship with Newcoast. |
| ● | Continued development of proprietary closing automation designed to streamline key transaction processes, improve the customer experience, and increase throughput per closer. |
| ● | Tripled the Company’s transaction closing team to meet record transaction demand and support continued growth. |
| ● | Grew transaction volume approximately 120% year-over-year across the NextBoat platform, based on preliminary unaudited internal data. |
| ● | Successfully completed the first full quarter of ownership of APEX, with the business achieving profitability following integration and operational stabilization. |
| ● | Bellhart continued its operational turnaround, substantially reducing legacy inventory while positioning the business for renewed growth as inventory replenishment progresses. |
| ● | Launched the Company’s new automated Broker Hiring Portal, enabling brokers to recruit and manage their own sales organizations while automatically administering team commissions and override structures. |
| ● | NextBoat has grown its organization by approximately 42% year-over-year, based on preliminary internal data, reflecting the Company’s aggressive investment in growth and market expansion. |
| ● | Initiated full development of a centralized Business Development Center to improve customer engagement, lead management, sales conversion, and service quality across the platform. |
| ● | Grew traffic and inbound customer activity year-over-year through WeBuyBoats.com, further strengthening the Company’s acquisition pipeline. |
“Our second quarter reflects the execution of the strategy we’ve been building toward,” said Brian John, Chief Executive Officer of NextBoat Inc. “We’re not simply growing transaction volume — we’re building the technology infrastructure that allows us to scale efficiently. By investing in automation, expanding our brokerage network, and integrating complementary businesses, we’re positioning NextBoat to become a leading technology-driven transaction platform in the marine industry.”
The Company believes its continued investment in automation, proprietary software, and scalable operating infrastructure will support long-term growth while improving operating leverage as transaction volumes continue to increase.
The Company expects to report its second quarter financial results on August 14, 2026. Additional information regarding platform enhancements, strategic partnerships, and acquisition opportunities will be provided as it becomes available.
About NextBoat Inc.
Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, technology-driven 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 $57 billion U.S. marine industry.
Contact
Chad Corbin
Chief Financial Officer
chadcorbin@nextboat.com
Investor Relations
ir@nextboat.com
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, 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.