Off The Hook Ys (NYSEAMERICAN:NXB) Posts Quarterly Earnings Results

Posted by on Aug 15th, 2026

Off The Hook Ys (NYSEAMERICAN:NXB – Get Free Report) issued its earnings results on Thursday. The company reported ($0.08) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $59.06 million for the quarter. Off The Hook Ys had a negative net margin of 5.09% and a negative return on equity of 96.06%.

Here are the key takeaways from Off The Hook Ys’ conference call:

  • Record second-quarter performance: Revenue increased 88.4% year over year to $59.1 million, while 255 boats were sold, up more than 138%. Management also reported a return to adjusted EBITDA profitability and maintained full-year 2026 revenue guidance of $165 million to $170 million.
  • The five-year partnership with MarineMax expands access to trade-in inventory and could create additional revenue from wholesale transactions, financing, insurance, and warranty products. NextBoat expects these higher-margin offerings to raise revenue per transaction and improve overall margins.
  • Acquisitions including Apex Marine and BellHart expanded NextBoat’s physical footprint, service capabilities, inventory capacity, and new-boat sales. Management said Apex was quickly turned around from an expected loss of more than $1 million to approximately $60,000 in profit since March 15, although integration work remains.
  • Expansion is driving substantially higher costs, including SG&A up 250%, salaries and wages up 127.8%, increased marketing expenses, and floor-plan interest expense up 60%. Greater inventory utilization also increases working-capital needs, making faster inventory turns and disciplined purchasing important to achieving second-half margin improvements.

Off The Hook Ys Trading Down 4.3%

NXB stock traded down $0.09 during trading on Friday, hitting $2.01. The company had a trading volume of 45,858 shares, compared to its average volume of 43,103. Off The Hook Ys has a 52-week low of $1.70 and a 52-week high of $3.90. The company has a 50 day simple moving average of $2.11 and a 200-day simple moving average of $2.44. The firm has a market capitalization of $48.94 million and a P/E ratio of -6.09. The company has a quick ratio of 0.14, a current ratio of 1.10 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Off The Hook Ys

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC bought a new position in Off The Hook Ys in the 4th quarter worth about $42,000. HRT Financial LP bought a new stake in shares of Off The Hook Ys during the fourth quarter valued at approximately $58,000. Jane Street Group LLC bought a new stake in shares of Off The Hook Ys during the fourth quarter valued at approximately $35,000. Finally, Millennium Management LLC purchased a new stake in shares of Off The Hook Ys in the fourth quarter valued at approximately $52,000.

Off The Hook Ys Company Profile

(Get Free Report)

We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals.

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