NextBoat (NXB) investor relations material

Executive summary

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

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

• Net loss was $2.1 million in Q2 2026, compared to net income of $0.6 million in Q2 2025; net loss for the six months was $5.5 million.

• Integrated Apex Marine and BellHart acquisitions, expanding service, sales, and geographic reach.

• Signed a five-year strategic partnership with MarineMax, including a performance-based warrant for up to 1.25 million shares, enabling new revenue streams in finance and insurance.

Financial highlights

• Q2 2026 revenue was $59.1 million, up from $31.3 million in Q2 2025; six-month revenue was $88.9 million, up 51.8% year-over-year.

• Gross profit doubled to $9.5 million in Q2, with gross margin improving to 16.1%; six-month gross profit rose to $13.9 million, margin at 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 the six months.

• Pre-owned boat sales reached $45 million in Q2, up 69.5% year-over-year; new boat sales grew 189.3% to $10.9 million.

• Revenue from financing, insurance, and warranty products increased 66.7% to $1 million in Q2; service, parts, and other sales revenue rose 465.6% to $2.2 million.

Outlook and guidance

• Full-year 2026 revenue guidance maintained at $165–$170 million, with focus on margin improvements and profitability in H2.

• Management expects to capitalize on expanded platform, proprietary technology, and new partnerships to drive growth in the pre-owned boating market.

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

• Emphasis on expanding high-margin finance, insurance, and warranty businesses to drive future margin growth.