NextBoat (NXB) Q2 2026 earnings summary

Executive summary

• Revenue reached $59.1 million in Q2 2026, up 88.4% year-over-year, with 255 boats sold, a 138% increase, driven by acquisitions and network expansion.

• Revenue for the six months ended June 30, 2026 increased 51.8% year-over-year to $88.9 million, reflecting expanded operations.

• Net loss was $2.1 million in Q2 2026 and $5.5 million for the six months, due to higher operating and integration costs.

• Strategic partnership with MarineMax announced, including a performance-based warrant for up to 1.25 million shares.

• Major acquisitions included Apex Marine and Bellhart, expanding service, sales, and geographic reach.

Financial highlights

• Q2 2026 revenue was $59.1 million, up from $31.3 million in Q2 2025; six-month revenue was $88.9 million.

• Gross profit doubled to $9.5 million in Q2, with gross margin improving to 16.1%; six-month gross profit was $13.9 million, margin 15.6%.

• Net loss was $2.1 million in Q2 and $5.5 million for the six months; Adjusted EBITDA was $0.8 million in Q2 and a loss of $0.5 million for six months.

• SG&A expenses rose to $1.4 million in Q2; salaries and wages increased to $6.5 million.

• Floor plan notes payable increased to $51.6 million, supporting higher inventory levels.

Outlook and guidance

• Full-year 2026 revenue guidance maintained at $165–$170 million, with focus on margin improvements and profitability.

• Integration of recent acquisitions and execution of the MarineMax partnership are key priorities.

• Emphasis on expanding high-margin businesses and leveraging new partnerships to increase revenue per transaction.