Filing Flows › NextBoat (NXB) › Q1 2026
NextBoat (NXB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
NextBoat (NXB) reported revenue of $29.8M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -20% from the quarter before. Operating margin was -9.6%, net loss $3.5M (11.6% of revenue).
NextBoat, Q1 2026: revenue $29.8M (+10% year over year), operating margin -9.6%, net loss $3.5M, operating cash flow −$20.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $29.8M | -20% | +10% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$3.5M | — | — |
| Operating cash flow | −$20.9M | — | — |
What changed
Revenue was $29.8M in Q1 2026, up 10% year over year and down 20% from the previous quarter. Pre-owned Boat Sales was the largest line at 93% of revenue. Pre-owned Boat Sales added $6.7M year over year (up 32%), 258% of the total change. Finance Income declined 45%.
Gross margin was 10.6%, up 0.8 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -9.6%. Operating expenses grew 225% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+231%). The quarter ended with a net loss of $3.5M, wider than the previous quarter's $2.6M loss.
Operating cash flow was −$20.9M. Non-cash charges added back $159K of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $19.3M. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$23.7M.
Questions
What was NextBoat's revenue in the first quarter 2026?
NextBoat (NXB) reported revenue of $29.8M for the first quarter 2026 (Q1 2026), +10% from a year earlier and -20% from the quarter before.
Was NextBoat profitable in the first quarter 2026?
Operating loss was $2.9M (-9.6% of revenue) and net loss $3.5M.
Source: NextBoat 10-Q on SEC EDGAR.