NextBoat Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 2026 revenue of $59.1M (up 88% YoY) driven by acquisitions, broker expansion, and new partnerships. Gross profit doubled, margins improved, and the company returned to Adjusted EBITDA profitability. Full-year guidance maintained at $165–$170M as focus shifts to margin and high-margin business growth.
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Record Q1 2026 revenue and unit sales were driven by expanded broker network, technology investments, and the Apex Marine acquisition. Pre-owned boat sales surged while new boat sales declined, and full-year revenue guidance was raised to $165–$170 million.
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An AI-driven platform for used boats, the company has doubled its buying power post-IPO and expanded broker count and geographic reach. The Apex Marine acquisition is set to reduce costs and boost service revenue, while new technology and finance offerings are expected to drive further growth.
Fiscal Year 2025
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Record 2025 revenue and unit sales were driven by expanded inventory, broker network, and technology investments. Strategic acquisitions, partnerships, and a strengthened balance sheet position the company for continued growth, with 2026 revenue guidance raised to $150–$155 million.
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Revenue grew 19.3% year-over-year to $82.6M, with gross profit up 20.8% and strong boat sales growth. Strategic initiatives include expanding digital platforms, launching Autograph Yachts, and leveraging new capital for accelerated growth.