NextBoat AI| Investor Relations

NextBoat Strengthens Board and Revenue Leadership to Power Its Next Phase of Growth

kbrintle — Fri, 04 Sep 2026 12:03:26 +0000

NextBoat Appoints Zebulon Hadley to Board of Directors and Names Todd Bates VP of Finance & Insurance, Bringing Decades of Combined Industry Experience to the Company

WILMINGTON, NC / ACCESS Newswire / September 4, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), a vertically integrated, technology-driven marine marketplace and one of the largest buyers and sellers of used boats in the United States, today announced two strategic leadership additions: Zebulon Hadley joined the Board of Directors as an independent director, and Todd Bates joins the leadership team as VP of Finance & Insurance (F&I).

“As we scale NextBoat into a mature public company, having the right people in the room, on our Board and in our F&I business, matters as much as the deals we close,” said Brian John, Chief Executive Officer of NextBoat. “Zebulon brings two decades of building and governing companies at scale, and Todd brings a track record of driving F&I revenue at some of the largest names in marine retail. Both are exactly the kind of experienced additions that we believe this next stage of growth requires.”

Zebulon Hadley joined the Board as an independent director and will chair its Compensation Committee. He is President and CEO of National Coatings, Inc., a commercial painting and industrial coatings contractor he acquired in 2016 and has grown to roughly $39 million in annual revenue, one of several businesses he’s founded, acquired, and scaled over a 20-year entrepreneurial career that earned him the Triangle Business Journal’s 2025 CEO of the Year.

“I’m excited to join NextBoat’s Board at an important stage in the Company’s growth,” said Zebulon Hadley, Director of NextBoat. “I look forward to bringing my experience with the Entrepreneurial Operating System, aligning people, and strengthening processes to help reinforce accountability, governance, and execution as NextBoat continues to scale. As Chair of the Compensation Committee, I’m also looking forward to helping ensure the Company has the right structures and incentives to support its people and long-term strategic objectives.”

Todd Bates joins as VP of F&I, bringing more than a decade of F&I leadership at one of the nation’s largest marine retail groups. Most recently serving as Corporate Director of Finance, he grew F&I revenue by more than $5 million on flat sales volume across 80 locations, building on a track record that includes taking a single dealership’s F&I revenue from $600,000 to $2.4 million as its top-ranked Business Manager.

“I’m excited to be joining NextBoat because I see a tremendous opportunity to build something special in the boating industry,” said Todd Bates, VP of F&I. “My goal is to bring my experience, energy, and customer-focused approach to help grow the company while creating an exceptional customer experience. I’m looking forward to joining the team and helping NextBoat establish itself as an industry leader.”

These appointments mark the latest step in building the governance and revenue leadership behind NextBoat’s next phase of growth, as the Company works to redefine how boats are bought, sold, and financed nationwide.

About NextBoat Inc.

Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat’s ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Contact

Investor Relations
ir@nextboat.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws regarding NextBoat Inc. (“Company”), including, without limitation, statements regarding the Company’s business strategy, technology platform, market opportunity, planned operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative of such terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying words.

These forward-looking statements are based on the Company’s current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements. The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after the date such statements were made, except as required by applicable law.

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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NextBoat Inc. Announces Fiscal Second Quarter 2026 Results

kbrintle — Thu, 13 Aug 2026 20:06:12 +0000

Second quarter 2026 revenue increased 88.4% year-over-year to a record $59.1 million

Record number of units transacted, 138% year-over-year increase

WILMINGTON, NC / ACCESS Newswire / August 13, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), a vertically integrated, technology-driven marine marketplace and one of the largest buyers and sellers of used boats in the United States, today announced financial results for its second quarter ended June 30, 2026.

2026 Second Quarter Highlights

Revenue increased 88.4% to $59.1 million compared to $31.3 million in the second quarter of 2025
Pre-owned boat sales increased 104.4% compared to the second quarter of 2025
Sold 255 boats during the second quarter, a Company record
Gross profit increased 100.1% to $9.5 million compared to $4.8 million in the second quarter of 2025
Expanded the Company’s broker network to 111 brokers
Advanced strategic partnership with MarineMax, Inc. as NextBoat’s preferred wholesale and trade-in partner
Executed 2 strategic acquisitions
Adjusted EBITDA¹ of $0.8 million

“We achieved record revenue of $59.1 million, expanded our national broker network, executed two acquisitions and continued to build out our infrastructure. We are not simply focused on selling more boats. We are focused on increasing the number of transactions we can process, increasing the revenue we generate from each transaction, and increasing the proportion of our revenue that comes from higher-margin businesses. That is the opportunity we see ahead,” said Brian John, Chief Executive Officer of NextBoat.

“Transaction volume was up approximately 138% year-over-year, and our team grew right alongside it – our closing team tripled and our organization grew about 42% year-over-year to build the machine that makes this possible. That’s not incremental progress – that’s a company hitting its stride,” added Blake Phillips, Chief Operating Officer of NextBoat.

Second Quarter 2026 Results

Overall, revenue increased by $27.7 million, or 88.4%, to $59.1 million for the three months ended June 30, 2026, from $31.3 million for the three months ended June 30, 2025. The increase was primarily attributable to the contribution of the Apex Marine and Bellhart businesses acquired during the quarter, an increase in our floor plan limit that supported higher inventory utilization throughout the period, and the continued expansion of our broker network at Off The Hook and our premier brokerage division, Autograph Yacht Group. These factors contributed to an increase in the number of pre-owned boats sold and brokerage deals closed.

Gross profit increased by $4.8 million, or 100.1%, to $9.5 million for the three months ended June 30, 2026, compared to $4.8 million for the three months ended June 30, 2025. Gross profit as a percentage of revenue was 16.1% for the three months ended June 30, 2026 compared to 15.2% for the three months ended June 30, 2025. The increase was driven primarily by the higher-margin service, brokerage and finance revenue added through the Apex Marine and Bellhart acquisitions.

Selling, general, and administrative expenses consist primarily of insurance, utilities, and other customary operating expenses. SG&A increased $1.0 million, or 259.7%, to $1.4 million for the three months ended June 30, 2026, compared to $0.4 million for the three months ended June 30, 2025. The increase was primarily attributable to the operating cost base of the Apex Marine and Bellhart businesses acquired during the quarter, higher indirect marketing expenses, and higher insurance costs related to increased inventory levels under floorplan financing arrangements, each in line with the Company’s planned business expansion for 2026.

Salaries and wages expense increased $3.6 million, or 127.8%, to $6.5 million for the three months ended June 30, 2026, compared to $2.8 million for the three months ended June 30, 2025. Leading into and following our initial public offering, salaries and wages increased as we aligned our compensation with public-company market benchmarks and enhanced retention packages to ensure we can attract, motivate, and retain the talent required to deliver long-term shareholder value, and as we added the employee base of the businesses acquired during the quarter. Further, the Company recognized share-based compensation of $1.7 million for the three months ended June 30, 2026. These equity awards have several vesting conditions including service-based and performance-based requirements and vest between one and five years.

Interest expense, net increased $0.6 million, or 109.6%, to $1.2 million for the three months ended June 30, 2026, compared to $0.6 million for the three months ended June 30, 2025, driven primarily by higher average floor plan borrowings outstanding during the quarter and by debt assumed in the acquisitions and debt incurred to facilitate the Apex Marine and Bellhart transactions.

The Company recorded a net loss of $2.1 million for the three months ended June 30, 2026, compared to net income of $0.6 million for the three months ended June 30, 2025.

Adjusted EBITDA¹ was an income of $0.8 million for the three months ended June 30, 2026, compared to income of $0.8 million for the three months ended June 30, 2025, a slight increase less than $0.1 million.

Fiscal 2026 Guidance

For full year 2026, the Company maintains its revenue guidance in a range of $165 million to $170 million.

Conference Call and Webcast

The Company will host an earnings conference call today, August 13, 2026, at 4:30 p.m. Eastern Time. To participate by telephone, please dial (833) 461-5787 (domestic), or (585) 542-9983 (international). The conference passcode is 366 467 666.

A live webcast of the conference call will be available in the Investor Relations section of the Company’s website at https://investor.nextboat.com using the conference passcode 366 467 666. An online replay of the webcast will be available for a limited time immediately following the call.

About NextBoat Inc.

Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, technology-driven marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat’s ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding NextBoat Inc. (“Company”), including, without limitation, statements regarding the Company’s business strategy, technology platform, market opportunity, planned operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” or “will,” or the negative of such terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying words. These forward-looking statements are based on the Company’s current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various risks and uncertainties, including those described under the heading “Risk Factors” in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC. Copies of these filings are available on the SEC’s website at www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements. The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after the date such statements were made, except as required by applicable law.

Contact

Chad Corbin
Chief Financial Officer
chadcorbin@nextboat.com

Investor Relations

ir@nextboat.com

NEXTBOAT INC.

Condensed Consolidated Statements of Operations
(Unaudited)
For the Three and Six Months Ended June 30, 2026 and 2025

	For the three months ended June 30,						For the six months ended June 30,
	2026			2025			2026			2025

Revenues	$	59,063,204		$	31,348,061		$	88,906,943		$	58,586,843
Cost of revenues		49,527,606			26,581,626			75,009,541			50,296,398
Gross profit		9,535,598			4,766,435			13,897,402			8,290,445

Operating expenses:
Depreciation and amortization		163,150			86,837			321,838			123,210
Selling, general and administrative		1,438,694			399,992			2,732,469			823,852
Advertising and marketing		349,410			47,609			940,303			376,655
Professional services		1,422,174			47,193			2,008,374			101,480
Salaries and wages		6,480,556			2,844,934			10,792,942			4,547,597
Rent expenses		715,563			227,403			1,003,418			384,561
Total operating expenses		10,569,547			3,653,968			17,799,344			6,357,355

(Loss) Income from operations		(1,033,949	)		1,112,467			(3,901,942	)		1,933,090

Other income (expenses):
Interest expense, net		(1,197,101	)		(571,214	)		(1,726,231	)		(1,116,512	)
Other income, net		(507	)		12,588			92,126			27,037
Total other expenses		(1,197,608	)		(558,626	)		(1,634,105	)		(1,089,475	)

(Loss) profit before income taxes		(2,231,557	)		553,841			(5,536,047	)		843,615

Income tax (benefit) expenses		(161,882	)		–			1,150			–

Net (Loss) Income		(2,069,675	)		553,841			(5,537,197	)		843,615

Net Loss attributed to non-controlling interest		(200,607	)		–			(200,607	)		–

Net (Loss) Income attributed to Nextboat Inc.		(1,869,068	)		553,841			(5,336,590	)		843,615
Basic and diluted net (loss) income per common share		(0.08	)		0.03			(0.22	)		0.04
Basic and diluted weighted average common shares outstanding		24,791,031			20,000,000			24,552,176			20,000,000

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

NEXTBOAT INC.

Condensed Consolidated Balance Sheets
As of June 30, 2026 and December 31, 2025

	June 30, 2026			December 31, 2025
	(Unaudited)			(Audited)
Assets
Current Assets
Cash and cash equivalents	$	7,737,601		$	12,428,774
Accounts receivable, net		1,333,402			269,938
Inventory		60,393,869			26,035,844
Prepaid expense		1,397,605			706,256
Other current assets		569,048			434,584
Total Current Assets		71,431,525			39,875,396

Non-Current Assets
Property, plant and equipment, net		3,998,268			823,231
Other receivable		–			27,486
Due from related party		69,912			44,623
Right-of-use assets		18,920,775			6,516,415
Goodwill		5,499,795			570,000
Intangible assets, net		572,829			560,406
Total Non-Current Assets		29,061,579			8,542,161
Total Assets	$	100,493,104		$	48,417,557

Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$	2,318,679		$	1,471,198
Accrued liabilities		1,699,465			790,804
Lease liabilities, current		2,550,653			963,731
Current portion of long-term debt		1,969,226			32,453
Due to related party		2,776,442			315,088
Customer deposits		2,857,835			1,210,447
Short-term debt		2,170,000			–
Floor plan notes payable		51,561,686			25,312,694
Other current liabilities		576,934			773,821
Total Current Liabilities		68,480,920			30,870,236

Long-Term Liabilities
Long-term debt, noncurrent		3,263,451			62,003
Lease liabilities, noncurrent		16,690,631			5,650,165
Total Long-Term Liabilities		19,954,082			5,712,168
Total Liabilities		88,435,002			36,582,404
Stockholders’ Equity
Common stock, $0.001 par value; 100,000,000 shares authorized; 25,084,128 and 24,020,000 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively		25,084			24,020
Additional paid-in capital		23,723,649			17,964,567
Common stock payable		350,000			350,000
Non-controlling interest		(200,607	)		–
Accumulated deficit		(11,840,024	)		(6,503,434	)
Total Stockholders’ Equity		12,058,102			11,835,153
Total Liabilities and Stockholders’ Equity	$	100,493,104		$	48,417,557

Non-GAAP Financial Information

To supplement NextBoat’s financial information presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”), NextBoat presents certain financial measures that are not prepared in accordance with GAAP, including Adjusted EBITDA¹. These non-GAAP financial measures, which are defined below, should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. These non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly titled measures presented by other companies.

NextBoat is presenting these non-GAAP financial measures to assist investors in seeing NextBoat’s operating results through the eyes of management and because NextBoat believes that these measures provide a useful tool for investors to use in assessing NextBoat’s operating performance against prior period operating results and against business objectives. NextBoat uses non-GAAP financial measures to evaluate its operating results and for financial and operational decision-making. Reconciliations of the non-GAAP financial measures presented to the most directly comparable GAAP financial measures are included in the tables below.

¹Adjusted EBITDA

The Company defines Adjusted EBITDA as GAAP net income (loss) before interest expense, income taxes, depreciation and amortization, and certain additional adjustments, including stock-based compensation and other non-cash items or other items that management does not consider indicative of ongoing operating performance.

The Three Months Ended June 30, 2026, Compared to The Three Months Ended June 30, 2025

	June 30, 2026			June 30, 2025		$ Change
Net (loss) income	$	(2,069,675	)	$	553,841	$	(2,623,516	)
Interest expense – other		507,893			172,561		335,332
Income tax expenses		(161,882	)		–		(161,882	)
Depreciation and amortization		163,150			86,837		76,313
Stock-based compensation		1,689,311			–		1,689,311
Non-recurring expense		701,008			–		701,008
Adjusted EBITDA	$	829,805		$	813,239	$	16,566

The Six Months Ended June 30, 2026, Compared to The Six Months Ended June 30, 2025

	June 30, 2026			June 30, 2025		$ Change
Net (loss) income	$	(5,537,197	)	$	843,615	$	(6,380,812	)
Interest expense – other		521,484			172,561		348,923
Income tax expenses		1,150			–		1,150
Depreciation and amortization		321,838			123,210		198,628
Stock-based compensation		3,450,924			–		3,450,924
Non-recurring expense		701,008			–		701,008
Adjusted EBITDA	$	(540,793	)	$	1,139,386	$	(1,680,179	)

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

The post NextBoat Inc. Announces Fiscal Second Quarter 2026 Results appeared first on NextBoat AI| Investor Relations.

NextBoat Inc. to Announce Second Quarter 2026 Financial and Operating Results on Thursday, August 13, 2026

kbrintle — Tue, 04 Aug 2026 12:01:11 +0000

Earnings conference call to be held at 4:30 p.m. Eastern time following the announcement

WILMINGTON, NC / ACCESS Newswire / August 4, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), a vertically integrated, technology-driven marine marketplace and one of the largest buyers and sellers of used boats in the United States, will announce its second quarter 2026 financial and operating results on Thursday, August 13, 2026, after the market close. The announcement will be followed by a live earnings conference call at 4:30 p.m. Eastern time.

To participate in the call, please dial (833) 461-5787 (domestic), or (585) 542-9983 (international). The conference passcode is 366 467 666. This call is being webcast and can be accessed from the Investor Relations section of the Company’s website at https://investor.nextboat.com. The online replay will be available for a limited time beginning immediately following the call.

About NextBoat Inc.

Contact

Chad Corbin
Chief Financial Officer
chadcorbin@nextboat.com

Investor Relations
ir@nextboat.com

Forward-Looking Statements

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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NextBoat Provides Update on Record Second Quarter Performance and Progress Toward Profitability

kbrintle — Thu, 16 Jul 2026 12:01:10 +0000

Record transaction closings, record quarterly sales, and a landmark MarineMax partnership drive continued marketplace expansion and progress toward profitability

WILMINGTON, NC / ACCESS Newswire / July 16, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), today provided a business update highlighting record closings and quarterly sales during the second quarter of 2026, continued expansion of its marketplace, and significant progress toward profitability, alongside continued investment in the platform and automation.

“The first quarter of 2026, our first full quarter as a public company, included public-company transition costs, resulting in a loss for the quarter,” said Jason Ruegg, Founder and Executive Chairman. “Based on preliminary results, we expect to be at or near profitability for the second quarter, which we believe reflects the resilience of our operating platform and our disciplined growth and execution.”

Second Quarter Highlights

Achieved a record number of transaction closings during the quarter.
Partnered with MarineMax as its preferred wholesale partner for pre-owned boats and yachts, while establishing a preferred finance and insurance relationship with Newcoast.
Continued development of proprietary closing automation designed to streamline key transaction processes, improve the customer experience, and increase throughput per closer.
Tripled the Company’s transaction closing team to meet record transaction demand and support continued growth.
Grew transaction volume approximately 120% year-over-year across the NextBoat platform, based on preliminary unaudited internal data.
Successfully completed the first full quarter of ownership of APEX, with the business achieving profitability following integration and operational stabilization.
Bellhart continued its operational turnaround, substantially reducing legacy inventory while positioning the business for renewed growth as inventory replenishment progresses.
Launched the Company’s new automated Broker Hiring Portal, enabling brokers to recruit and manage their own sales organizations while automatically administering team commissions and override structures.
NextBoat has grown its organization by approximately 42% year-over-year, based on preliminary internal data, reflecting the Company’s aggressive investment in growth and market expansion.
Initiated full development of a centralized Business Development Center to improve customer engagement, lead management, sales conversion, and service quality across the platform.
Grew traffic and inbound customer activity year-over-year through WeBuyBoats.com, further strengthening the Company’s acquisition pipeline.

“Our second quarter reflects the execution of the strategy we’ve been building toward,” said Brian John, Chief Executive Officer of NextBoat Inc. “We’re not simply growing transaction volume – we’re building the technology infrastructure that allows us to scale efficiently. By investing in automation, expanding our brokerage network, and integrating complementary businesses, we’re positioning NextBoat to become a leading technology-driven transaction platform in the marine industry.”

The Company believes its continued investment in automation, proprietary software, and scalable operating infrastructure will support long-term growth while improving operating leverage as transaction volumes continue to increase.

The Company expects to report its second quarter financial results on August 14, 2026. Additional information regarding platform enhancements, strategic partnerships, and acquisition opportunities will be provided as it becomes available.

About NextBoat Inc.

Contact

Chad Corbin
Chief Financial Officer
chadcorbin@nextboat.com

Investor Relations
ir@nextboat.com

Forward-Looking Statements

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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NextBoat Launches National AI Platform Rollout Through Strategic Partnership with MarineMax, the World’s Largest Recreational Boat and Yacht Retailer

kbrintle — Wed, 01 Jul 2026 12:03:28 +0000

Agreement establishes NextBoat as MarineMax’s preferred wholesale and trade-in partner, with pre-owned inventory flowing through the NextBoat AI platform to its nationwide network of wholesale buyers

WILMINGTON, NC / ACCESS Newswire / July 1, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), the AI-powered marine technology company transforming how pre-owned boats are valued, bought, sold and financed, today announced a landmark strategic partnership with MarineMax, Inc. (NYSE:HZO) (“MarineMax”), the world’s largest recreational boat and yacht retailer.

Under the agreement, MarineMax becomes the first enterprise dealer group to adopt the NextBoat AI platform as its preferred wholesale partner, routing a significant and growing share of the trade-in and pre-owned inventory it liquidates through the platform-where that inventory is evaluated, marketed, and sold into NextBoat’s nationwide network of wholesale buyers. As one of the highest-volume sellers of pre-owned boats in the industry – with over $2.3 billion in annual revenue across 120 locations worldwide – MarineMax is expected to drive increased volume across the NextBoat AI platform, which the Company believes will accelerate the growth of its marketplace, data, and financing businesses. The Company believes this relationship represents a defining milestone in its strategy to become the leading technology infrastructure for the marine industry’s pre-owned marketplace.

For decades, the wholesale and trade-in process has relied on fragmented buyer networks, manual pricing, phone calls and individual relationships. NextBoat AI was built to modernize that process through artificial intelligence, real-time transaction data and a unified digital marketplace that enables dealers to move inventory faster, improve pricing transparency, and increase operational efficiency.

The NextBoat AI Platform delivers:

AI-powered vessel valuations supported by real transaction data
Rapid wholesale bidding and nationwide buyer access
Real-time transaction management and deal tracking
Automated workflow and communication tools
Analytics designed to improve inventory decisions and speed conversion to cash
Integrated financing and marine insurance opportunities

Beyond improving transaction efficiency, the partnership enables significant long-term revenue opportunities through financing and marine insurance.

Inclusive of the partnership, NextBoat will leverage Newcoast, MarineMax’s finance and insurance arm, to provide financing and insurance solutions across transactions originating on the platform. As transaction volume increases, each financed and insured vessel has the potential to generate recurring insurance renewal revenue and additional financing income, creating what the Company believes could become a meaningful annuity-like revenue stream for both organizations over time.

“For 15 years, I’ve believed the marine industry deserved the same technology, transparency and scale that transformed automotive retail. Today, the largest and most respected company in our industry has chosen to deploy the platform we built – we believe that validation speaks not only to what NextBoat has built, but to where this industry is headed,” said Jason Ruegg, Founder and Executive Chairman of NextBoat.

Ruegg added, “This marks the beginning of enterprise-scale deployment of the NextBoat platform. Every transaction creates an opportunity for financing and insurance that can generate recurring revenue through policy renewals for years to come. As adoption grows, we believe that recurring revenue stream could become one of the most valuable components of our business.”

“This partnership brings together two industry leading organizations committed to innovation and improving the trade-in and pre-owned customer experience,” said Kyle Langbehn, Executive Vice President and President of Retail Operations at MarineMax. “By integrating NextBoat’s advanced technology into our pre-owned retail platform, we believe we can improve efficiency while continuing to deliver exceptional service to our customers. Additionally, the partnership with Newcoast will drive meaningful finance and insurance revenue with the industry’s leading team and products.”

The Company believes MarineMax’s adoption provides significant third-party validation of the NextBoat AI platform while establishing the foundation for expansion across additional dealer groups, brokerages and marine industry participants throughout North America. As additional participants join the network, NextBoat expects to enhance pricing intelligence, improve marketplace liquidity, increase transaction velocity, and strengthen the value of the platform for all users.

“Our vision extends well beyond individual transactions,” Ruegg said. “We believe the marine industry is ready for a modern technology platform that improves efficiency across every stage of the ownership lifecycle. MarineMax becoming our first enterprise partner is an important milestone toward building that future.”

About NextBoat Inc.

About MarineMax

As the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE: HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world’s premier manufacturers of premium sport yachts, motor yachts, and Aviara luxury dayboats; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating adventures of a lifetime. Land comprises 29% of the earth’s surface. We’re focused on the other 71%. Learn more at www.marinemax.com.

Contact

NextBoat Inc.

Chad Corbin
Chief Financial Officer
chadcorbin@nextboat.com

Investor Relations
ir@nextboat.com

MarineMax, Inc.

Mike McLamb
Chief Financial Officer
727-531-1700

Scott Solomon
Senior Vice President
Sharon Merrill Advisors
(857) 383-2409
HZO@investorrelations.com

Forward-Looking Statements

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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NextBoat Inc.’s Autograph Yacht Group Division Completes Landmark Superyacht Transaction

kbrintle — Mon, 29 Jun 2026 12:32:48 +0000

Sale of 2009 Abeking & Rasmussen 60-Meter Superyacht, Last Asking $45,000,000, Marks Company’s Largest-Ever Brokerage Transaction

WILMINGTON, NC / ACCESS Newswire / June 29, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), today announced that its Autograph Yacht Group division has completed the sale of a 2009 Abeking & Rasmussen 60-meter superyacht, last asking $45,000,000 – the largest brokerage transaction in the Company’s history. Burgess represented the seller; Gary Hardcastle of Autograph Yacht Group represented the buyer.

With fewer than 20 superyacht sales of this scale occurring worldwide each year, the transaction signals that Autograph Yacht Group has arrived at the very top of the global luxury market – a competitive tier reserved for the world’s most established brokerage houses.

“This milestone reflects the caliber of clients, brokers, and partnerships that continue to drive our business forward,” said Mike Burke, President of Autograph Yacht Group. “This transaction demonstrates that Autograph Yacht Group is building a brokerage platform capable of serving every segment of the market, from premium center consoles to the world’s most exclusive superyachts.”

The transaction also marks a meaningful expansion in the caliber of client NextBoat serves. Superyacht transactions of this scale generate significantly higher commission revenue than the mid-market deals that represent the bulk of the industry’s volume and bring the Company into direct relationships with ultra-high-net-worth buyers and sellers that few platforms can access. Management believes this deal validates a core element of its growth strategy: that by attracting world-class broker talent, NextBoat can drive substantial increases in revenue per transaction while expanding its addressable market upward.

“Transactions like this don’t happen without years of relationships and a platform with the credibility to compete at the highest level,” said Gary Hardcastle of Autograph Yacht Group. “What NextBoat provided was the infrastructure and backing to bring this deal across the finish line, and this transaction marks the beginning of the next chapter of our growth.”

This transaction represents a tangible proof point in NextBoat’s strategy to build a platform capable of serving every tier of the marine market – from entry-level recreational boats to the world’s most exclusive superyachts. As the Company continues to recruit top-producing brokers and deepen its global relationships, management expects transactions of this caliber to become an increasingly consistent part of its revenue mix.

About NextBoat Inc.

Contact

Investor Relations
ir@nextboat.com

Forward-Looking Statements

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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NextBoat Reports Strong Integration Progress Following APEX Acquisition

kbrintle — Wed, 24 Jun 2026 12:02:43 +0000

Company Achieves Early Sales Success, Expands Service Capacity, and Identifies Significant Cost Savings Within First 60 Days

WILMINGTON, NC / ACCESS Newswire / June 24, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), today announced significant progress in the first 60 days following its acquisition of Apex Marine Companies (“APEX”). Since completing the transaction on May 1, 2026, the Company has successfully integrated APEX’s entire boat inventory into the NextBoat platform, substantially expanding the product offerings available to its broker network and customers. In addition, the majority of APEX’s pre-owned inventory has been successfully transitioned to the Company’s Miami location, further centralizing operations, improving inventory management, and enhancing sales visibility across the platform.

The integration has been accompanied by strong sales performance. Since the acquisition, the APEX sales team has completed the sale of 15 vessels across multiple product categories, reflecting continued customer demand and a successful transition into the NextBoat platform. In addition, the Company is actively working to close additional boat sales during June, with several transactions already completed and others currently pending.

“The successful integration of APEX and the strong performance of our team demonstrate the value of this acquisition and our ability to execute strategically,” said Andy Simmons, President of APEX Operations. “Our employees have embraced the transition, and we are already seeing measurable results across sales, service operations, and cost management.”

NextBoat has also continued to expand its service capabilities. The service department currently stores eight boats on-site and is developing additional yard space on the rear portion of the property. The expansion is expected to be completed by the end of June and is anticipated to increase operational capacity while generating meaningful long-term cost savings.

As part of its operational optimization strategy, NextBoat has taken decisive action to eliminate underperforming assets and streamline operations. The Company has closed its Haulover location and has already identified approximately $90,000 in monthly SG&A reductions through facility consolidation, vendor rationalization, personnel optimization, and other operating efficiencies. Additional opportunities for savings and operational improvements remain under evaluation.

These accomplishments represent important milestones in NextBoat’s post-acquisition integration strategy and position the Company for continued growth, improved profitability, and enhanced operational performance throughout the remainder of 2026.

“Our goal is to build a more efficient, scalable platform that delivers exceptional service to customers while creating long-term value for shareholders,” said Brian John, Chief Executive Officer. “By centralizing inventory and expanding our service infrastructure, we expect to improve operating efficiency, reduce costs, and provide an even higher level of support to our customers and manufacturing partners.”

About NextBoat Inc.

Contact

Investor Relations
ir@nextboat.com

Forward-Looking Statements

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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NextBoat Inc.’s Autograph Yachts Division Delivers Strong Second Quarter Growth, Driven by Expanding Brokerage Platform and Market Share Gains

kbrintle — Tue, 16 Jun 2026 12:02:10 +0000

Division surpasses $132 million in total transaction volume since launch, exceeding first-year target by more than 30%

WILMINGTON, NC / ACCESS Newswire / June 16, 2026 / NextBoat Inc. (NYSE America:NXB) (“NextBoat” or the “Company”), formerly Off The Hook YS Inc. (NYSE America:OTH), today announced strong growth from its Autograph yacht brokerage division reflecting continued growth in transaction volume, gross sales, new listings, and team expansion.

During the second quarter, Autograph facilitated 31 yacht transactions, up from 22 in the first quarter, representing a 41% increase in deal activity. Gross sales volume increased by approximately $43 million during the quarter, while Autograph trade activity reached $23.3 million, contributing to total transaction volume that nearly doubled the approximately $35 million achieved during the first quarter.

Since launching operations in September 2025, Autograph has facilitated approximately $132 million in brokerage and NextBoat trade transactions. Autograph’s original first-year objective was to achieve $100 million in transaction volume, a goal that was surpassed by more than 30% within its first ten months of operation.

“Our second quarter results demonstrate the strength of our platform, our brokers, and our commitment to innovation within the yacht brokerage industry,” said Mike Burke, President of Autograph Yacht Group. “What makes these results particularly meaningful is that we achieved them while building the business from the ground up. We began with no offices, a small team of seven brokers, and limited infrastructure. Today, we have established a scalable platform with multiple offices, experienced support staff, advanced marketing capabilities, and growing market presence.”

The Company’s brokerage listing inventory has expanded significantly, growing from approximately $100 million in listings to approximately $190 million, with additional inventory being added regularly. Management believes this growth reflects the effectiveness of its marketing platform, broker recruitment initiatives, and increasing brand recognition throughout the market.

The Company has also continued to invest in geographic expansion and talent acquisition. Autograph is currently establishing an additional office in Coconut Grove, Miami, strengthening its coverage across Southeast Florida. During the quarter, the Company added five new brokers and is actively engaged in discussions with an additional five to six top-producing brokers expected to join the platform over the coming months.

About NextBoat Inc.

Contact

Investor Relations
ir@nextboat.com

Forward-Looking Statements

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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NextBoat Inc. Completes Corporate Rebrand and Begins Trading Under “NXB” on NYSE American

kbrintle — Fri, 29 May 2026 12:03:25 +0000

Company accelerates evolution into AI-powered platform transforming how boats are bought and sold

WILMINGTON, NC / ACCESS Newswire / May 29, 2026 / NextBoat Inc. (NYSE American:NXB) (“NextBoat” or the “Company”), formerly Off The Hook YS Inc. (NYSE American:OTH), today announced that its corporate rebrand and ticker symbol change to “NXB” have officially become effective on the NYSE American.

The transition to NextBoat reflects the Company’s evolution from a traditional yacht brokerage business into a technology-driven platform focused on modernizing the fragmented pre-owned boat market through artificial intelligence, automation, financing, logistics, and data infrastructure.

“This is a defining moment for our company,” said Brian John, Chief Executive Officer of NextBoat. “The NextBoat brand reflects the platform we are building for the future of boat and yacht commerce. While Off The Hook Yachts remains a foundational part of our business, NextBoat represents a much larger opportunity – creating a faster, more transparent, and technology-enabled experience for buying and selling boats at scale.”

The Company said Off The Hook Yachts will continue operating as a core division of NextBoat, serving as a key driver of inventory acquisition, brokerage transactions, wholesale distribution, and marketplace liquidity.

“We believe the boat industry is where automotive retail was before companies like Carvana fundamentally changed the customer experience,” said Blake Phillips, Chief Operating Officer of NextBoat. “Our mission is to build the infrastructure layer for the boating market – connecting buyers, sellers, dealers, brokers, lenders, and service providers through software, automation, AI, and integrated transaction tools. The industry remains highly fragmented, and we see a significant opportunity to simplify and modernize the entire ownership journey.”

The rebrand reflects NextBoat’s broader strategy to build a connected platform spanning brokerage, direct acquisition, wholesale distribution, auctions, financing, transportation, lead generation, and ownership services – all powered by proprietary technology, data, and artificial intelligence.

No action is required by existing shareholders with respect to the Company’s corporate name or ticker symbol change. Shares of the Company’s common stock will continue trading on the NYSE American under the new ticker symbol “NXB.” Existing shareholder ownership and account positions remain unchanged.

About NextBoat Inc.

Contact

Investor Relations
ir@nextboat.com

Forward-Looking Statements

SOURCE: NextBoat Inc.

View the original press release on ACCESS Newswire

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Off The Hook YS To Rebrand as NextBoat and Change Ticker Symbol to “NXB”

kbrintle — Tue, 19 May 2026 13:00:00 +0000

WILMINGTON, NC / ACCESS Newswire / May 19, 2026 / Off The Hook YS Inc. (NYSE American:OTH) (“Off the Hook Yachts” or “Off the Hook” or “the Company”), a vertically integrated, AI-powered marine marketplace and one of the largest buyers and sellers of used boats in the United States, today announced that it will officially rebrand as NextBoat Inc. and change its ticker symbol from “OTH” to “NXB” on the NYSE American, effective on or about May 29, 2026.

The rebrand reflects the Company’s evolution from a traditional yacht brokerage business into an AI-powered technology platform designed to modernize and scale the global pre-owned marine marketplace. While Off The Hook Yachts was the foundation of the Company, management believes the name no longer reflects the scale, technology, or long-term vision of the business.

“Off The Hook Yachts was where we started, but NextBoat represents where we are going,” said Brian John, Chief Executive Officer. “We are building a technology platform that empowers brokers, dealers, resellers, and marine entrepreneurs to buy and sell boats more efficiently through artificial intelligence, automation, and data-driven infrastructure.” Importantly, Off The Hook Yachts will continue operating as a core division under NextBoat, focused primarily on B2B dealer transactions and inventory liquidation, allowing dealers to wholesale trade-ins and aged inventory through the platform.

NextBoat is far more than a marketplace. The platform enables brokers, buyers, dealers, and resellers to source inventory, access AI-driven valuations, secure financing, and complete transactions digitally within a single ecosystem. At its core, NextBoat is designed to power a growing network of independent marine entrepreneurs-including brokers, wholesalers, and resellers-allowing them to operate their businesses without the traditional overhead of brick-and-mortar dealerships or brokerage offices. Rather than building expensive physical locations, the Company believes technology enables a scalable, decentralized distribution network, where participants can buy and sell boats from virtually anywhere while leveraging NextBoat’s technology, capital, financing, and operational infrastructure. NextBoat is embedding artificial intelligence throughout the transaction process, including:

AI-Driven Valuations to improve pricing accuracy
AI-Assisted Acquisition to identify undervalued and off-market opportunities
AI-Driven Closings (Next Phase) designed to automate documentation and workflows to support significant transaction growth
AI-Powered Matching to connect buyers and sellers more efficiently

“We’re entering a phase where technology doesn’t just support transactions-it executes them,” said Blake Phillips, Chief Operating Officer. “This is how we believe we can scale efficiently without traditional overhead. We are an AI driven technology platform that allows us to be the largest buyer and seller of pre-owned boats. Just as technology transformed how people buy homes, cars, and travel, we believe boating is approaching its own major digital transformation. Our goal is not simply to participate in this evolution, we intend to define it.”

NextBoat combines:

Consumer marketplace transactions
Dealer trade-in and wholesale liquidity through Off The Hook Yachts
Auction and liquidation channels
Financing and insurance solutions
Long-term ownership and marine services

The Company believes each transaction strengthens its proprietary data ecosystem, improving pricing intelligence, inventory acquisition, and transaction efficiency over time. “Our goal is to do for boats what modern technology platforms have done for other industries-bring speed, transparency, and scalability to a fragmented market,” added John.

About Off The Hook YS Inc.

Founded in 2012, Off The Hook YS Inc. is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, and financed across the United States. Leveraging proprietary technology, deep transaction data, and a national acquisition network, the Company increases speed, transparency, and inventory velocity across boat brokerage, wholesale trading, auctions, financing, and marine services, with an integrated ecosystem that includes Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, Off The Hook is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.

Contact

Investor Relations
ir@offthehookys.com

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Off The Hook YS Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Off The Hook YS Inc. undertakes no duty to update such information except as required under applicable law.

SOURCE: Off The Hook YS Inc.

View the original press release on ACCESS Newswire

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