NextBoat Inc. (NXB) AI Stock Analysis

NextBoat Inc., formerly known as Off The Hook YS Inc., operates through Dealerships and Financial Services Segments in the United States. The company engages in the retail sale, brokerage, and servicing of new and pre-owned boats, yachts, and trailers. It arranges financing, insurance, and extended service contracts for buyers. NextBoat also runs WeBuyBoats.com, a lead-generation platform for immediate cash offers, and Boatsandbuyers.com, an auction platform. Additional services include slip and storage accommodations, routine maintenance, repairs, boat repossession and asset recovery, and warranty and after-sale services.

Annual revenue expanded from $91.8M in FY2023 to $99.0M in FY2024 and $119.9M in FY2025, recording a two-year compound annual growth rate of 14.2%. However, profitability contracted over this span. Gross margin fell from 10.0% in FY2023 to 8.9% in FY2024 and 4.5% in FY2025. Operating margin declined from 3.3% in FY2023 to 0.4% in FY2025, while net income shifted from $1.3M in FY2023 to -$1.9M in FY2025. Over the trailing twelve months ending June 30, 2026, revenue totaled $150.2M, aided by quarterly revenue growth of 88.4% year-over-year, while profit margin was -5.4%.

As of June 30, 2026, NextBoat held $7.7M in cash and short-term investments alongside $81.0M in total debt, resulting in net debt of $73.2M and a debt-to-equity ratio of 6.61. Shareholders' equity stood at $12.3M against $100.5M in total assets, and the current ratio was 1.04. Free cash flow remained negative, recording -$1.4M in FY2025 with operating cash flow of -$697,394. In FY2025, capital expenditures totaled $749,888, while share buybacks accounted for $2.8M.

NextBoat trades at an enterprise value of $124.3M and a market capitalization of $48.0M. Its price-to-sales multiple is 0.3x, below the 0.7x median of its US-listed Consumer Cyclical peers. The stock's EV/EBITDA multiple of 146.8x stands well above the peer median of 11.1x, while price-to-book is 4.3x. The broader S&P 500 (SPY) returned 16.8% over one year and 83.0% over five years. NextBoat closed at $1.91 on October 16, 2026, compared to its 52-week low of $1.78 and 52-week high of $3.00.

Analysts maintain a mean price target of $10.00 for NextBoat, representing upside of 423.6% from its last close of $1.91. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $170.0M and EPS of $0.05, which represents estimated EPS growth of 171.4%. Looking ahead to the next fiscal year, analysts estimate revenue will reach $220.0M, indicating projected revenue growth of 29.4%.

This page is an AI-written research summary of NextBoat Inc. (NXB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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