Nextboat Inc
offthehookys.comWhat Do They Do?
Buys and sells pre-owned boats and yachts to individual buyers and dealers, sells new boats, and arranges recreational-boat financing.
10-K for FY2025, filed Mar 31, 2026OTH specializes in the buying and selling yachts and boats, offering a diverse selection of pre-owned vessels across various price points…View ↗
In addition to the pre-owned market, OTH is expanding into new boat sales, offering customers access to premier boat brands through…View ↗
Through Azure Funding, an indirect wholly owned subsidiary of OTH, OTH provides a range of financing options for recreational boat buyers.…View ↗
Our Sales NetworkView ↗
How Do They Make Money?
Most money comes from boat sales: customers pay directly, through third-party lenders, or partly with trade-ins, and sales are completed when customers accept or take delivery. The company also earns interest on boat financing over time and service and storage revenue over contract terms.
10-K for FY2025, filed Mar 31, 2026Boat, yacht, and trailer sales transactions often include both cash and non-cash consideration. Cash consideration is paid directly by the…View ↗
Revenue is recognized from the sale of products and commissions earned on new and pre-owned boats (including used, brokerage, consignment…View ↗
We recognize deferred revenue from service operations, maintenance and slip and storage services over time on a straight-line basis over…View ↗
We also finance our customers’ boat and yacht purchases. Interest income is recognized in profit or loss as it is incurred, based on the…View ↗
-
10-K for FY2025, filed Mar 31, 2026
FY2025 revenue by product or service ↗
$119.9M
-
10-K for FY2025, filed Mar 31, 2026
$119.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Pre-owned Boat Sales
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
85% |
Pre-owned Boat Sales, FY2025
$101.7M Sources
|
Sold outright |
|
New Boats Sales
Sold outright
10-K for FY2025, filed Mar 31, 2026 |
12% |
New Boats Sales, FY2025
$14.5M Sources
|
Sold outright |
|
Finance Income
Recurring
|
2.2% |
Finance Income, FY2025
$2.6M Sources
|
Recurring |
|
Service, Parts & Other Sales
Recurring
|
0.8% |
Service, Parts & Other Sales, FY2025
$1M Sources
|
Recurring |
Who Are Their Customers?
Individual buyers purchase boats and sellers can use the company’s sales and brokerage operations. Dealers and brokers source and resell boats through its wholesale network; individual borrowers apply online or come through dealerships.
10-K for FY2025, filed Mar 31, 2026OTH specializes in the buying and selling yachts and boats, offering a diverse selection of pre-owned vessels across various price points…View ↗
Azure Funding’s conventional loan brokerage process begins when a lead is sourced through dealerships, direct borrower inquiries, or…View ↗
Azure Funding’s customers are primarily individual buyers seeking financing for new or pre-owned recreational assets. Most borrowers fall…View ↗
Our Sales NetworkView ↗
Do Revenues Turn Into Profits?
No. It lost $1.9M in FY2025.
10-K for FY2025, filed Mar 31, 2026
$462.9KView ↗
10-K for FY2025, filed Mar 31, 2026
−$1.9MView ↗
10-K for FY2025, filed Mar 31, 2026
−$1.3MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$1.9MView ↗
- ▼ Now a loss
- vs $553.8K in Q2 FY2025
-
Aug 13, 2026
Acquired Apex Marine and Bellhart while maintaining revenue guidance
The company maintained full-year 2026 revenue guidance at $165 million to $170 million.
Sources
8-K, filed Aug 13, 2026
For full year 2026, the Company maintains its revenue guidance in a range of $165 million to $170 million.View ↗
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