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NextBoat (NXB) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · NextBoat (NXB) Q2 2026 earnings results →

Q2 2026 Revenue up 88% year over year to $59.1M · 4¢ of every $1 of revenue lost · operating margin -1.8%

NextBoat made $59.1M in Q2 2026 (+88% Y/Y). Operating margin -1.8%, net loss $2.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$59.1M
Year over year+88%
Operating margin-1.8%
Net earnings−$2.1M
Operating cash flow$2.8M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $59.1M in Q2 2026, up 88% year over year and up 98% from the previous quarter.

Gross margin was 16.1%, up 0.9 points from a year earlier. Operating costs exceeded revenue by $1.0M, an operating margin of -1.8%. Operating expenses grew 189% against revenue growth of 88%. The fastest-growing cost line was SG&A (+260%). The quarter ended with a net loss of $2.1M, narrower than the previous quarter's $3.5M loss. Minority interests bore $201K of it: to shareholders the quarter was a loss of $1.9M. Net interest and other expense of $1.2M was the main reason.

Operating cash flow was $2.8M (down 46% year over year). Non-cash charges added back $163K of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $81K left free cash flow of $2.7M.

Quarterly history

NextBoat revenue by quarterNextBoat revenue by quarter$24.0MQ3 2025$37.3MQ4 2025$29.8MQ1 2026$59.1MQ2 2026
NextBoat net earnings by quarterNextBoat net earnings by quarter−$67KQ3 2025−$2.6MQ4 2025−$3.5MQ1 2026−$2.1MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$59.1M+88%-1.8%−$2.1M$2.8M
Q1 202610-QMay 14, 2026$29.8M+10%-9.6%−$3.5M−$20.9M
Q4 202510-KMar 31, 2026$37.3M+25%-4.8%−$2.6M−$33K
Q3 202510-QDec 15, 2025$24.0M-7%1.3%−$67K−$446K

Charts

NextBoat: revenue growth, year over year and quarter over quarterNextBoat: revenue growth, year over year and quarter over quarterY/YQ/Q-7%Q3 2025+25%+55%Q4 2025+10%-20%Q1 2026+88%+98%Q2 2026
Latest (Q2 2026): Y/Y +88%, Q/Q +98%.
NextBoat: where the cash came from (+) and went (−), TTM to Q2 2026NextBoat: where the cash came from (+) and went (−), TTM to Q2 2026Other financing$26.0MOperating cash flow−$18.6MCash drawn (+) / kept (−)−$4.6MCapital spending−$3.5MNet borrowing (+) / repaid (−)$1.6MOther investing−$943K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
NextBoat: profit against cash, quarter by quarterNextBoat: profit against cash, quarter by quarterNet incomeOperating cash flow$960KQ3 2024−$681K−$4.0MQ4 2024$290K−$5.4MQ1 2025$554K$5.2MQ2 2025−$67K−$446KQ3 2025−$2.6M−$33KQ4 2025−$3.5M−$20.9MQ1 2026−$1.9M$2.8MQ2 2026
Latest (Q2 2026): Net income −$1.9M, Operating cash flow $2.8M.
NextBoat in its industry: growth against margin (6 companies, SIC 3730)NextBoat in its industry: growth against margin (6 companies, SIC 3730)revenue growth, year over year →↑ operating marginmedian +30%median 5%GDHIIMBUUMCFTVEEENXB (+88%, -2%)
Ship & Boat Building & Repairing; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About NextBoat

Off the Hook YS Inc (“Off the Hook”, or “OTH”) is a holding company and the sole managing member of Off the Hook Yacht Sales NC, LLC (“OTHYS”), OTH Simon Marine YF, LLC (the “Boat Center”), Azure Funding, LLC (“Azure”) and Autograph Yacht Group Inc. (“AYG”) which was established on January 3, 2025. Except as otherwise indicated or required by the context, all references in this Annual Report on Form 10-K to the “Company”, the “Business”, “Off the Hook”, “we”, “us”, or “our” relate to Off the Hook YS Inc. and its consolidated subsidiaries.

In its own words, from its 10-K, filed Mar 31, 2026.

NextBoat against its Ship & Boat Building & Repairing peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +88% against the peers' median +30%. Operating margin: -1.8% against the peers' median 5.2%.

CompanyQuarterRevenueY/YOp. margin
NXB NextBoatQ2 2026$59.1M+88%-1.8%
GD General DynamicsQ3 2026$14.6B+13%10.5%
HII Huntington Ingalls IndustriesQ3 2026$3.5B+11%7.0%
MBUU Malibu BoatsQ1 FY27$253M+30%5.2%
MCFT MasterCraft Boat HoldingsQ4 FY26$130M+63%-4.9%
VEEE Twin Vee PowerCatsQ3 2026$2.8M-19%-112.1%

Source: NextBoat 10-Q on SEC EDGAR · CIK 2067767 · Ship & Boat Building & Repairing

13F: who owns NXB and who is buying

Largest holders of NXB (13F)Largest holders of NXB (13F)Vanguard Capital Management LLC$198KGeode Capital Management, LLC$81KUBS Group AG$59KStoneX Group$48KVanguard Fiduciary Trust$45KVanguard Group$41KBlackRock$39KCertuity, LLC$25KNorthern Trust$24KDaytona Street Capital LLC$4K
Funds' net buying of NXB by quarter (13F)Funds' net buying of NXB by quarter (13F)$724K2025-12−$7K2026-03−$337K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on NXB

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results

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