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    NextBoat Inc.

    Company overview

    Market capitalization
    $49.28M
    Employees
    40
    Latest publication
    2026-09-29
    About NextBoat Inc.

    NextBoat Inc., together with its subsidiaries, operates as a yacht and boat dealership in the United States. It operates through two segments: Dealerships and Financial Services Segments. The company engages in the retail sale, brokerage, and servicing of new and pre-owned boats, yachts, and trailers. It also arranges related boat financing, insurance, and extended service contracts for recreational boat buyers. In addition, the company owns and operates WeBuyBoats.com, a lead-generation platform designed to provide boat owners with immediate cash offers; and Boatsandbuyers.com, an auction platform that allows buyers to create alerts for boats and instantly make an offer without negotiating. Further, it offers slip and storage accommodations; comprehensive marine servicing and maintenance services, including routine maintenance, repairs, detailing, and mechanical inspections; boat repossession and asset recovery; and warranty and after-sale services. The company was formerly known as Off The Hook YS Inc. and changed its name to NextBoat Inc. in May 2026. NextBoat Inc. was founded in 2012 and is based in Wilmington, North Carolina.

    Company website

    Financial statements

    Income Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USD
    Total Revenue59,063,204USD29,843,739USD37,274,110USD24,005,345USD31,348,061USD27,238,782USD
    Cost Of Revenue49,527,606USD26,675,959USD34,181,104USD20,975,546USD28,681,279USD24,562,153USD
    Gross Profit9,535,598USD3,167,780USD3,093,006USD3,029,799USD2,666,782USD2,676,629USD
    Selling General Administrative1,438,694USD5,877,085USD4,773,093USD2,632,229USD1,467,478USD1,819,633USD
    Selling And Marketing Expenses349,410USD—————
    Total Operating Expenses10,569,547USD32,711,732USD39,054,696USD23,694,937USD30,235,594USD26,418,159USD
    Operating Income-1,033,949USD-2,867,993USD-1,780,586USD310,408USD1,112,467USD820,623USD
    Total Other Income Expense Net-1,197,608USD92,633USD-355,746USD123,286USD12,588USD14,449USD
    Interest Expense1,197,101USD529,130USD644,369USD500,360USD571,214USD545,298USD
    Income Before Tax-2,231,557USD-3,304,490USD-2,780,701USD-66,666USD553,841USD289,774USD
    Income Tax Expense-161,882USD—————
    Net Income-2,069,675USD-3,467,522USD-2,648,746USD-66,666USD553,841USD289,774USD
    Minority Interest-200,607USD—————
    Net Income Applicable To Common Shares-1,869,068USD—————
    Unclassified Operating Expenses—26,834,647USD34,281,603USD21,062,708USD28,768,116USD24,598,526USD
    Net Interest Income—-529,130USD-644,369USD-500,360USD-571,214USD-545,298USD
    Tax Provision—163,032USD———0USD
    Net Income From Continuing Ops—-3,467,522USD-2,648,746USD-66,666USD553,841USD289,774USD
    Reconciled Depreciation—158,688USD100,499USD87,162USD86,837USD36,373USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Income Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
    Total Revenue119,866,298USD98,995,562USD91,839,555USD
    Cost Of Revenue108,400,082USD90,214,652USD82,693,017USD
    Gross Profit11,466,216USD8,780,910USD9,146,538USD
    Selling General Administrative10,692,433USD5,841,747USD5,891,188USD
    Unclassified Operating Expenses108,710,953USD90,469,892USD82,910,078USD
    Total Operating Expenses119,403,386USD96,311,639USD88,801,266USD
    Operating Income462,912USD2,683,923USD3,038,289USD
    Interest Expense2,261,241USD1,622,461USD1,674,949USD
    Net Interest Income-2,261,241USD-1,622,461USD-1,674,949USD
    Income Before Tax-2,003,752USD991,684USD1,295,503USD
    Tax Provision-131,955USD0USD—
    Net Income-1,871,797USD991,684USD1,295,503USD
    Net Income From Continuing Ops-1,871,797USD991,684USD1,295,503USD
    Reconciled Depreciation310,871USD255,240USD217,061USD
    Total Other Income Expense Net-205,423USD-69,778USD-67,837USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USDQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USD
    Total Assets100,493,104USD64,474,020USD48,417,557USD32,613,883USD33,965,648USD33,803,945USD
    Cash And Equivalents7,737,601USD—————
    Total Current Assets71,431,525USD53,425,445USD39,875,396USD29,177,411USD30,834,947USD31,165,096USD
    Other Current Assets569,048USD355,511USD434,584USD368,117USD351,402USD470,513USD
    Total Liabilities88,435,002USD—————
    Total Current Liabilities68,480,920USD48,538,503USD30,870,236USD31,755,324USD32,120,210USD31,864,036USD
    Other Current Liabilities1,699,465USD—————
    Total Equity Including Noncontrolling Interest12,058,102USD—————
    Long Term Debt3,263,451USD55,966USD62,003USD67,924USD176,396USD221,401USD
    Deferred Revenue2,857,835USD—————
    Net Receivables1,333,402USD304,194USD269,938USD244,400USD261,487USD163,648USD
    Inventory60,393,869USD46,401,570USD26,035,844USD24,015,983USD24,575,013USD26,671,418USD
    Property Plant Equipment Net22,919,043USD9,820,485USD7,339,646USD2,366,995USD2,043,663USD1,839,918USD
    Goodwill5,499,795USD—————
    Intangible Assets572,829USD566,975USD560,406USD456,111USD481,667USD—
    Accounts Payable2,318,679USD1,508,056USD1,471,198USD627,237USD587,426USD583,202USD
    Short Term Debt2,550,653USD—————
    Common Stock25,084USD—————
    Retained Earnings-11,840,024USD-9,970,956USD-6,503,434USD-3,405,479USD-2,402,021USD-2,129,686USD
    Total Liab—53,989,676USD36,582,404USD33,224,418USD33,572,725USD33,138,687USD
    Total Stockholder Equity—10,484,344USD11,835,153USD-610,535USD392,923USD665,258USD
    Other Current Liab—845,140USD773,821USD563,631USD494,003USD99,828USD
    Capital Stock—24,320USD24,020USD20,000USD20,000USD20,000USD
    Good Will—570,000USD570,000USD570,000USD570,000USD570,000USD
    Cash—5,330,457USD12,428,774USD2,267,564USD3,123,202USD934,272USD
    Net Debt—36,260,846USD12,978,376USD24,341,119USD22,775,733USD26,897,352USD
    Short Long Term Debt—41,535,337USD25,345,147USD26,540,759USD25,722,539USD27,610,223USD
    Property Plant Equipment Gross—10,785,407USD8,177,525USD3,168,236USD2,782,248USD2,511,049USD
    Common Stock Shares Outstanding—24,320,000shares24,020,000shares23,750,000shares23,750,000shares23,750,000shares
    Non Current Assets Total—11,048,575USD8,542,161USD3,436,472USD3,130,701USD2,638,849USD
    Non Current Liabilities Total—5,451,173USD5,712,168USD1,469,094USD1,452,515USD1,274,651USD
    Net Working Capital—4,886,942USD9,005,160USD-2,577,913USD-1,285,263USD-698,940USD
    Unclassified Current Assets—1,033,713USD—2,281,347USD2,523,843USD2,925,245USD
    Unclassified Current Liabilities—4,649,970USD3,280,070USD4,023,697USD5,316,242USD3,570,783USD
    Unclassified Non Current Liabilities—5,395,207USD5,650,165USD1,401,170USD1,276,119USD1,053,250USD
    Unclassified Equity—20,430,980USD18,314,567USD2,774,944USD2,774,944USD2,774,944USD
    SourceDisclosureDeterministicFinalLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Balance sheet Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
    Total Assets48,417,557USD31,635,740USD20,302,241USD
    Intangible Assets560,406USD——
    Other Current Assets434,584USD840,401USD272,126USD
    Total Liab36,582,404USD30,668,350USD20,551,961USD
    Total Stockholder Equity11,835,153USD967,390USD-249,720USD
    Other Current Liab773,821USD110,547USD99,422USD
    Capital Stock24,020USD20,000USD20,000USD
    Retained Earnings-6,503,434USD-1,827,554USD-2,082,949USD
    Good Will570,000USD570,000USD570,000USD
    Cash12,428,774USD2,927,126USD1,654,631USD
    Total Current Assets39,875,396USD28,858,990USD18,050,253USD
    Total Current Liabilities30,870,236USD29,302,431USD20,081,331USD
    Net Debt12,978,376USD20,868,554USD13,048,225USD
    Short Long Term Debt25,345,147USD23,566,385USD14,379,435USD
    Long Term Debt62,003USD229,295USD323,421USD
    Net Receivables269,938USD104,317USD179,121USD
    Inventory26,035,844USD22,593,422USD12,556,812USD
    Accounts Payable1,471,198USD962,725USD349,958USD
    Property Plant Equipment Net7,339,646USD1,967,695USD941,067USD
    Property Plant Equipment Gross8,177,525USD2,589,640USD1,307,773USD
    Common Stock Shares Outstanding24,020,000shares23,750,000shares23,750,000shares
    Non Current Assets Total8,542,161USD2,776,750USD2,251,988USD
    Non Current Liabilities Total5,712,168USD1,365,919USD470,630USD
    Net Working Capital9,005,160USD-443,441USD-2,031,078USD
    Unclassified Current Liabilities3,280,070USD4,662,774USD5,252,516USD
    Unclassified Non Current Liabilities5,650,165USD1,136,624USD—
    Unclassified Equity18,314,567USD2,774,944USD1,813,229USD
    Unclassified Current Assets—2,393,724USD3,387,563USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow YTD

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ2 20262026-06-30 · USD
    Depreciation321,838USD
    Stock Based Compensation3,450,924USD
    Other Non Cash Items92,126USD
    Change To Account Receivables-1,063,464USD
    Change To Inventory-17,950,151USD
    Change To Liabilities1,051,856USD
    Change In Working Capital-18,277,887USD
    Operating Cash Flow-18,091,195USD
    Capital Expenditures-2,957,803USD
    Other Investing Activities-844,701USD
    Unclassified Investing Cash Flow-75,714USD
    Investing Cash Flow-3,878,218USD
    Net Debt Issuance1,820,117USD
    Unclassified Financing Cash Flow15,458,123USD
    Financing Cash Flow17,278,240USD
    Change In Cash-4,691,173USD
    End Cash Flow7,737,601USD
    SourceDisclosureDeterministicFinal

    Cash flow Quarterly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricQ1 20262026-03-31 · USDQ4 20252025-12-31 · USDQ3 20252025-09-30 · USDQ2 20252025-06-30 · USDQ1 20252025-03-31 · USD
    Net Income-3,467,522USD-2,648,746USD-66,666USD553,841USD289,774USD
    Depreciation158,688USD100,499USD87,162USD86,837USD36,373USD
    Stock Based Compensation1,761,613USD———0USD
    Other Non Cash Items416,052USD73,205USD——3,359USD
    Change To Account Receivables-34,256USD-25,538USD17,087USD-97,839USD-59,331USD
    Change To Inventory-20,365,726USD-2,019,861USD559,030USD2,096,405USD-4,077,996USD
    Change In Working Capital-19,736,037USD773,896USD-476,930USD4,520,316USD-5,705,850USD
    Total Cash From Operating Activities-20,867,206USD-33,158USD-445,527USD5,157,635USD-5,376,344USD
    Capital Expenditures-2,915,264USD-396,958USD-185,633USD-156,464USD-10,833USD
    Free Cash Flow-23,782,470USD-430,116USD-631,160USD5,001,171USD-5,387,177USD
    Net Borrowings16,684,153USD-2,352,209USD712,314USD-1,986,065USD3,986,229USD
    Total Cash From Financing Activities16,684,153USD10,591,326USD-224,478USD-2,812,241USD3,394,323USD
    Sale Purchase Of Stock0USD-449,209USD-936,792USD-826,176USD-591,906USD
    Change In Cash-7,098,317USD10,161,210USD-855,638USD2,188,930USD-1,992,854USD
    Begin Period Cash Flow12,428,774USD2,267,564USD3,123,202USD934,272USD2,927,126USD
    End Period Cash Flow5,330,457USD12,428,774USD2,267,564USD3,123,202USD934,272USD
    Unclassified Operating Cash Flow—1,667,988USD———
    Unclassified Financing Cash Flow—13,392,744USD———
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Cash flow Yearly

    Exact reported values; units shown beside each amount. Missing values are —.
    MetricFY 20252025-12-31 · USDFY 20242024-12-31 · USDFY 20232023-12-31 · USD
    Net Income-1,871,797USD946,330USD1,295,503USD
    Depreciation310,871USD255,240USD217,061USD
    Stock Based Compensation1,800,899USD0USD—
    Other Non Cash Items84,112USD49,048USD43,229USD
    Change To Account Receivables-165,621USD74,804USD-47,774USD
    Change To Inventory-3,442,422USD-10,036,610USD1,424,415USD
    Change In Working Capital-888,568USD-8,404,205USD-5,491,887USD
    Total Cash From Operating Activities-697,394USD-7,108,233USD-3,936,094USD
    Capital Expenditures-749,888USD-25,012USD-536,400USD
    Free Cash Flow-1,447,282USD-7,133,245USD-4,472,494USD
    Net Borrowings360,269USD8,221,060USD-1,194,951USD
    Total Cash From Financing Activities10,948,930USD8,405,740USD288,992USD
    Sale Purchase Of Stock-2,804,083USD-736,289USD-286,057USD
    Issuance Of Capital Stock13,392,744USD920,969USD1,770,000USD
    Change In Cash9,501,648USD1,272,495USD-4,183,502USD
    Begin Period Cash Flow2,927,126USD1,654,631USD5,838,133USD
    End Period Cash Flow12,428,774USD2,927,126USD1,654,631USD
    Unclassified Financing Cash Flow13,392,744USD—1,770,000USD
    SourceLegacy providerLegacyLegacy providerLegacyLegacy providerLegacy

    Operating metrics

    No operating metrics are currently published for this company.

    Revenue breakdown

    PeriodDimensionBusiness / regionRevenueCurrencySource
    Q1 2026Quarterly · 2026-03-31ProductFinance Income334,444USD0001493152-26-023128
    Q1 2026Quarterly · 2026-03-31ProductNew Boats Sales1,283,557USD0001493152-26-023128
    Q1 2026Quarterly · 2026-03-31ProductPre Owned Boat Sales27,788,672USD0001493152-26-023128
    Q1 2026Quarterly · 2026-03-31ProductService Parts And Other Sales437,066USD0001493152-26-023128
    Q1 2026Quarterly · 2026-03-31SegmentConsolidated — Dealerships29,509,295USD0001493152-26-023128
    Q1 2026Quarterly · 2026-03-31SegmentConsolidated — Financial Services334,444USD0001493152-26-023128
    FY 2025Yearly · 2025-12-31ProductFinance Income2,579,651USD0001493152-26-014063
    FY 2025Yearly · 2025-12-31ProductNew Boats Sales14,535,880USD0001493152-26-014063
    FY 2025Yearly · 2025-12-31ProductPre Owned Boat Sales101,748,472USD0001493152-26-014063
    FY 2025Yearly · 2025-12-31ProductService Parts And Other Sales1,002,295USD0001493152-26-014063
    FY 2025Yearly · 2025-12-31SegmentConsolidated — Dealerships117,286,647USD0001493152-26-014063
    FY 2025Yearly · 2025-12-31SegmentConsolidated — Financial Services2,579,651USD0001493152-26-014063
    Q1 2025Quarterly · 2025-03-31ProductFinance Income606,225USD0001493152-26-023128
    Q1 2025Quarterly · 2025-03-31ProductNew Boats Sales5,518,110USD0001493152-26-023128
    Q1 2025Quarterly · 2025-03-31ProductPre Owned Boat Sales21,058,418USD0001493152-26-023128
    Q1 2025Quarterly · 2025-03-31ProductService Parts And Other Sales56,029USD0001493152-26-023128
    Q1 2025Quarterly · 2025-03-31SegmentConsolidated — Dealerships26,632,557USD0001493152-26-023128
    Q1 2025Quarterly · 2025-03-31SegmentConsolidated — Financial Services606,225USD0001493152-26-023128
    FY 2024Yearly · 2024-12-31ProductFinance Income2,959,159USD0001493152-26-014063
    FY 2024Yearly · 2024-12-31ProductNew Boats Sales11,010,334USD0001493152-26-014063
    FY 2024Yearly · 2024-12-31ProductPre Owned Boat Sales84,819,543USD0001493152-26-014063
    FY 2024Yearly · 2024-12-31ProductService Parts And Other Sales206,526USD0001493152-26-014063
    FY 2024Yearly · 2024-12-31SegmentConsolidated — Dealerships96,036,403USD0001493152-26-014063
    FY 2024Yearly · 2024-12-31SegmentConsolidated — Financial Services2,959,159USD0001493152-26-014063

    Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.