NextBoat Inc.
Business
Off the Hook YS Inc. is a vertically integrated yacht and boat dealership specializing in buying, selling, and wholesaling pre-owned and new vessels across eight locations nationwide. The company operates multiple business lines including retail and wholesale boat sales, boat financing through Azure Funding, yacht servicing, marine asset recovery and repossession, and digital sales platforms including WeBuyBoats.com. OTH serves individual buyers and sellers, dealership networks, and lenders through a portfolio of complementary services designed to maximize profitability at each transaction stage.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Revenues | 120 | 99 | |
| Cost of revenues | 108 | 90 | |
| Gross profit | 11 | 9 | |
| Depreciation and amortization | 310,871 | 255,240 | |
| Selling, general and administrative | 2 | 2 | |
| Advertising and marketing | 1 | 489,008 | |
| Professional services | 459,010 | 433,207 | |
| Salaries and wages | 6 | 3 | |
| Rent expenses | 868,246 | 477,364 | |
| Total operating expenses | 11 | 6 | |
| Income from operations | 462,912 | 3 | |
| Interest expense, net | −2 | −2 | |
| Other income | −185,501 | 22,107 | |
| Other expense | −19,922 | −91,885 | |
| Total other expenses | −2 | −2 | |
| Net (loss) income before income taxes | −2 | 991,684 | |
| Income tax benefit | −131,955 | — | |
| Net (loss) income | −2 | 991,684 | |
| Basic net (loss) income per common shares | −0.09 | 0.05 | |
| Diluted net (loss) income per common shares | −0.09 | 0.05 | |
| Basic weighted average common shares outstanding | 21 | 20 | |
| Diluted weighted average common shares outstanding | 21 | 20 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 12 | 3 | — | |
| Accounts receivable, net | 269,938 | 104,317 | — | |
| Inventory | 26 | 23 | — | |
| Prepaid expense | 706,256 | 2 | — | |
| Private label receivable | — | 4,942 | — | |
| Other current assets | 434,584 | 840,401 | — | |
| TOTAL CURRENT ASSETS | 40 | 29 | — | |
| Property, plant and equipment, net | 823,231 | 461,709 | — | |
| Other receivable | 27,486 | 42,192 | — | |
| Private label receivable | — | 185,550 | — | |
| Right-of-use assets | 7 | 2 | — | |
| Goodwill | 570,000 | 570,000 | — | |
| Intangible assets, net | 560,406 | — | — | |
| TOTAL NON-CURRENT ASSETS | 9 | 3 | — | |
| TOTAL ASSETS | 48 | 32 | — | |
| Accounts payable | 1 | 962,725 | — | |
| Accrued liabilities | 790,804 | 507,284 | — | |
| Lease liabilities, current | 963,731 | 382,731 | — | |
| Line of credit | — | 3 | — | |
| Current portion of long-term debt | 32,453 | 137,468 | — | |
| Customer deposits | 1 | 2 | 3 | |
| Floor plan notes payable | 25 | 21 | — | |
| TOTAL CURRENT LIABILITIES | 31 | 29 | — | |
| Long-term debt, noncurrent | 62,003 | 229,295 | — | |
| Lease liabilities, noncurrent | 6 | 1 | — | |
| TOTAL LONG-TERM LIABILITIES | 6 | 1 | — | |
| TOTAL LIABILITIES | 37 | 31 | — | |
| Common stock, with $0.001 par value, 100,000,000 number of common stock authorized, 24,020,000 and 20,000,000 shares of common stock issued and outstanding as of December 31, 2025 and 2024, respectively | 24,020 | 20,000 | — | |
| Additional paid-in capital | 18 | 3 | — | |
| Common stock payable | 350,000 | — | — | |
| Accumulated loss | −7 | −2 | — | |
| TOTAL STOCKHOLDERS EQUITY | 12 | 967,390 | −249,720 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 48 | 32 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 |
|---|---|---|---|
| Imputed interest | — | 40,746 | |
| Non-cash lease expense | 84,112 | 8,302 | |
| Stock-based compensation | 2 | — | |
| Non-cash income tax benefit | −132,911 | — | |
| Accounts receivable | −165,621 | 74,804 | |
| Private label receivable | 190,492 | 1 | |
| Other receivable | 14,706 | 90,034 | |
| Inventory | −3 | −10 | |
| Prepaid expense | 2 | 4,755 | |
| Other current assets | 405,817 | −568,275 | |
| Due from related party | −33,310 | −11,313 | |
| Accounts payable | 508,473 | 740,541 | |
| Accrued liabilities | 427,269 | 204,722 | |
| Customer deposits | −1 | −326,216 | |
| Other current liabilities | 663,274 | 11,125 | |
| Net cash used in operating activities | −697,394 | −7 | |
| Capital expenditure of fixed assets | −577,456 | −25,012 | |
| Acquisition of intangible assets | −172,432 | — | |
| Net cash used in investing activities | −749,888 | −25,012 | |
| Proceeds from line of credit | 1 | 1 | |
| Payment to line of credit | −4 | −898,998 | |
| Member distribution | −3 | −736,289 | |
| Member contribution | 2,644 | 920,969 | |
| Proceed from short-term loan payable | — | 22,188 | |
| Payment to short-term loan payable | — | −1 | |
| Proceed from floorplan notes payables | 77 | 52 | |
| Payment to floor plan notes payable | −73 | −42 | |
| Proceed from long-term debt | 59,429 | 2,820 | |
| Payment to long-term debt | −331,736 | −232,568 | |
| Proceed from related-party debt | 2,917 | 1 | |
| Payment to related party debt | −1 | −2 | |
| Proceeds from issuance of common stock upon initial public offering | 13 | — | |
| Net cash provided by financing activities | 11 | 8 | |
| Net change in cash | 10 | 1 | |
| Cash paid for interest | 2 | 2 | |
| Establishment of ROU assets and liabilities | 6 | 1 | |
| Purchase of fixed asset with financing | — | 149,983 | |
| Common stock payable for the purchase of intangible assets | 350,000 | — | |
| Tax gross-up of intangible asset | 132,911 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is NextBoat Inc.'s CIK number?
NextBoat Inc.'s SEC CIK number is 0002067767 (2067767). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NextBoat Inc.'s SEC filings?
All of NextBoat Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NextBoat Inc. last report earnings?
NextBoat Inc. (NXB) most recently filed an earnings 8-K with the SEC on May 14, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-023064). This is NextBoat Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is NextBoat Inc.'s most recent earnings 8-K?
NextBoat Inc.'s latest earnings 8-K (Item 2.02) was filed May 14, 2026 under accession 0001493152-26-023064. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View NextBoat Inc.'s latest earnings 8-K →
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