Quarterly ResultAug 13, 2026, 04:19 PM
NextBoat Q2 Revenue $59.1M (+88.4%); Net Loss $2.1M
AI Summary
NextBoat Inc. announced its fiscal second quarter 2026 results, reporting record revenue of $59.1 million, an 88.4% increase year-over-year, and a 100.1% rise in gross profit to $9.5 million. Despite strong top-line growth and record boat sales, the company posted a net loss of $2.1 million, compared to a net income of $0.6 million in the prior year period. NextBoat also highlighted the execution of two strategic acquisitions and the expansion of its broker network, while reaffirming its full-year 2026 revenue guidance.
Key Highlights
- Revenue increased 88.4% to $59.1 million in Q2 2026, up from $31.3 million in Q2 2025.
- Gross profit rose 100.1% to $9.5 million, compared to $4.8 million in Q2 2025.
- Reported a net loss of $2.1 million in Q2 2026, versus net income of $0.6 million in Q2 2025.
- Adjusted EBITDA was $0.8 million, a slight increase from $0.8 million in Q2 2025.
- Sold a record 255 boats, with transaction volume increasing 138% year-over-year.
- Executed 2 strategic acquisitions, Apex Marine and Bellhart businesses.
- Expanded broker network to 111 brokers.
- Maintained full-year 2026 revenue guidance in the range of $165 million to $170 million.
Price Impact
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