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NextBoat
(NYSE MKT:NXB)
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Rating:44Neutral
Price Target:
$2.00
▼(-24.53% Downside)
Action:Reiterated
Date:07/17/26
The score is held down primarily by weak financial quality—return to losses, compressed margins, persistent negative operating/free cash flow, and a leveraged balance sheet. Technicals are also soft with price below key moving averages and negative MACD, alongside high volatility. Offsetting these risks, recent corporate events (notably the MarineMax partnership and indications of nearing profitability) provide a meaningful but not yet proven positive catalyst.
Positive Factors
Enterprise partnership (MarineMax)
A multi-year alliance with MarineMax provides durable third-party validation and a steady supply of trade-in inventory. Enterprise adoption accelerates volume, improves data quality for AI valuations, and creates distribution for recurring F&I revenue, strengthening marketplace scale and stickiness over time.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow means the business is not self-funding and must continually access capital to support growth and inventory. That raises refinancing and dilution risk, and makes durable investment in product and distribution contingent on external financing availability and credit conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Enterprise partnership (MarineMax)
A multi-year alliance with MarineMax provides durable third-party validation and a steady supply of trade-in inventory. Enterprise adoption accelerates volume, improves data quality for AI valuations, and creates distribution for recurring F&I revenue, strengthening marketplace scale and stickiness over time.
Read all positive factors
NextBoat (NXB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$50.41M
Dividend YieldN/A
Average Volume (3M)222.77K
Price to Earnings (P/E)―
Beta (1Y)2.45
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees40
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.23
Shares Outstanding24,355,000
10 Day Avg. Volume222,769
30 Day Avg. Volume222,769
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)5.42
Price to Sales (P/S)0.54
P/FCF Ratio-44.31
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.12
Revenue Forecast (FY)$145.30M
NextBoat Business Overview & Revenue Model
Company Description
Off The Hook YS, Inc. specializes in the acquisition, resale, and wholesale distribution of yachts and boats. Its operations are divided into two primary divisions: Dealerships and Financing Services. The Dealership segment primarily handles the r...
NextBoat Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
30
Negative
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 122.47M | 119.87M | 99.00M | 91.84M |
| Gross Profit | 11.96M | 5.38M | 8.78M | 9.15M |
| EBITDA | -2.92M | 568.36K | 2.87M | 3.19M |
| Net Income | -5.63M | -1.87M | 991.68K | 1.30M |
Balance Sheet | ||||
| Total Assets | 64.47M | 48.42M | 31.64M | 20.30M |
| Cash, Cash Equivalents and Short-Term Investments | 5.33M | 12.43M | 2.93M | 1.65M |
| Total Debt | 48.00M | 32.02M | 25.32M | 14.98M |
| Total Liabilities | 53.99M | 36.58M | 30.67M | 20.55M |
| Stockholders Equity | 10.48M | 11.84M | 967.39K | -249.72K |
Cash Flow | ||||
| Free Cash Flow | -19.84M | -1.45M | -7.13M | -4.47M |
| Operating Cash Flow | -16.19M | -697.39K | -7.11M | -3.94M |
| Investing Cash Flow | -3.65M | -749.89K | -25.01K | -536.40K |
| Financing Cash Flow | 24.24M | 10.95M | 8.41M | 288.99K |
NextBoat Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $3.25B | 22.58 | 41.93% | ― | 5.93% | 310.70% | |
72 Outperform | $688.73M | 27.59 | 5.71% | ― | 0.90% | -35.80% | |
70 Outperform | $77.50B | 24.64 | 57.15% | ― | 51.72% | 234.92% | |
60 Neutral | $8.30B | 35.61 | 3.67% | ― | -1.69% | -58.01% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | $37.63M | -0.56 | -53.29% | ― | 41.94% | 72.15% | |
44 Neutral | $50.41M | -8.93 | -101.88% | ― | ― | ― |
* General Sector Average
NXB
NextBoat
2.01
-1.79
-47.11%
KMX
CarMax
57.33
-5.29
-8.45%
CVNA
Carvana Co
67.34
-2.16
-3.11%
CARG
CarGurus
35.00
1.84
5.55%
CARS
Cars
11.99
-0.88
-6.84%
VRM
Vroom, Inc.
7.13
-20.13
-73.84%
NextBoat Corporate Events
Business Operations and StrategyFinancial Disclosures
NextBoat nears profitability amid record Q2 growth
Positive
Jul 17, 2026
On July 16, 2026, NextBoat reported preliminary second-quarter 2026 results showing record transaction closings and quarterly sales, with the company expecting to be at or near profitability after a loss in the first quarter tied to public-company...
Business Operations and StrategyPrivate Placements and Financing
NextBoat Forms Strategic Partnership with MarineMax for Growth
Positive
Jul 1, 2026
On June 25, 2026, NextBoat Inc. signed a five-year Strategic Partnership and Revenue Sharing Agreement with MarineMax Inc., making NextBoat the preferred wholesale and trade-in partner for the world’s largest recreational boat and yacht reta...
Business Operations and StrategyFinancial Disclosures
NextBoat Marks Record Superyacht Sale, Elevating Brokerage Status
Positive
Jun 29, 2026
On June 29, 2026, NextBoat Inc. announced that its Autograph Yacht Group division completed the sale of a 2009 Abeking Rasmussen 60-meter superyacht, last listed at $45 million, marking the largest brokerage transaction in the company’s his...
Business Operations and StrategyPrivate Placements and Financing
NextBoat Secures New Related-Party Inventory Loan Facility
Neutral
Jun 26, 2026
On June 22, 2026, NextBoat Inc. and its subsidiary Off The Hook Yacht Sales NC, LLC entered into a Master Loan Agreement with RLLT Capital, LLC to obtain discretionary loans for financing pre-owned boat inventory, with an initial $2.0 million loan...
Executive/Board ChangesShareholder Meetings
NextBoat Shareholders Approve Directors and Equity Incentive Plan
Positive
Jun 25, 2026
At its annual meeting of stockholders held on June 24, 2026, NextBoat Inc. reported that 17,799,178 shares were represented virtually or by proxy, constituting a quorum for conducting business. Stockholders elected seven director nominees, includi...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
NextBoat advances Apex Marine integration and facility consolidation
Positive
Jun 24, 2026
NextBoat Inc. reported on June 24, 2026 that it has made substantial headway in integrating Apex Marine Companies within the first 60 days following the acquisition completed on May 1, 2026, marking a significant step in its strategy to build a sc...
Business Operations and StrategyFinancial Disclosures
NextBoat’s Autograph Division Delivers Strong Q2 Growth
Positive
Jun 16, 2026
On June 16, 2026, NextBoat Inc. reported strong second-quarter performance from its Autograph yacht brokerage division, highlighting robust growth in transaction volume, gross sales, new listings, and team expansion since the unit’s launch i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.