NextBoat Inc.
- NXB · NYSE
- Ship & Boat Building & Repairing
- Wilmington, NC
- 40 employees
- CIK 0002067767
Updated from SEC filings through
Top things to know
Executives
- Ross Tannenbaum Chief Executive Officer 3, 2026-10-08
- Chad Gregory Corbin Chief Financial Officer 4, 2026-05-28
- Chad Corbin Chief Financial Officer 10-K, 2026-03-31
- Jason Daniel Ruegg President and Chairman 4, 2026-06-17
- Andrew James Simmons Vice President and Director 4, 2026-04-01
- Blake Phillips Chief Operating Officer 10-K, 2026-03-31
What leadership is saying
“We achieved record revenue of $29.8 million, expanded our national broker network, and continued to build out the infrastructure that we believe positions the Company for continued double-digit growth. Our vertically integrated model—combining brokerage, wholesale inventory acquisition, financing through Azure Funding, and our growing premier brokerage division—continues to differentiate Off the Hook Yachts in the marine industry”
Earnings press release (8-K Ex. 99.1), filed May 14, 2026
NextBoat Inc. is a U.S. public company in ship & boat building & repairing (SIC 3730), headquartered in Wilmington, NC. It trades as NXB on NYSE. Revenue was $120M in the fiscal year ending December 31, 2025, +21.1% from the year before. It reported about 40 employees. Ross Tannenbaum is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 |
|---|---|---|
| Revenue | $120M 10-K, 2026-03-31 | $99.0M 10-K, 2026-03-31 |
| Operating income | $463K 10-K, 2026-03-31 | $2.7M 10-K, 2026-03-31 |
| SG&A | $2.4M 10-K, 2026-03-31 | $1.8M 10-K, 2026-03-31 |
| Net income | -$1.9M 10-K, 2026-03-31 | $992K 10-K, 2026-03-31 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Ross Tannenbaum | Chief Executive Officer | 3, 2026-10-08 |
| Chad Gregory Corbin | Chief Financial Officer | 4, 2026-05-28 |
| Chad Corbin | Chief Financial Officer | 10-K, 2026-03-31 |
| Jason Daniel Ruegg | President and Chairman | 4, 2026-06-17 |
| Andrew James Simmons | Vice President and Director | 4, 2026-04-01 |
| Blake Phillips | Chief Operating Officer | 10-K, 2026-03-31 |
| Jason Ruegg | President and Founder | 10-K, 2026-03-31 |
| Andrew Simmons | Executive Vice President and Director | 10-K, 2026-03-31 |
| Blake Randall Phillips | Chief Operating Officer | 4, 2025-12-29 |
| George Jousma | Director | 10-K, 2026-03-31 |
| Jim Segrave | Independent Director | 10-K, 2026-03-31 |
| Mary Reynolds | Independent Director | 10-K, 2026-03-31 |
| Mike Kosloske | Independent Director | 10-K, 2026-03-31 |
What NextBoat Inc. does
Off the Hook YS Inc (“Off the Hook”, or “OTH”) is a holding company and the sole managing member of Off the Hook Yacht Sales NC, LLC (“OTHYS”), OTH Simon Marine YF, LLC (the “Boat Center”), Azure Funding, LLC (“Azure”) and Autograph Yacht Group Inc. (“AYG”) which was established on January 3, 2025. Except as otherwise indicated or required by the context, all references in this Annual Report on Form 10-K to the “Company”, the “Business”, “Off the Hook”, “we”, “us”, or “our” relate to Off the Hook YS Inc. and its consolidated subsidiaries.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 25.1 million (as of August 13, 2026) | 10-Q, August 13, 2026 |
|---|---|---|
| Public float | $0 (as of June 30, 2025) | 10-K, March 31, 2026 |
| Reportable segments | 2 (period ending June 30, 2026) | 10-Q, August 13, 2026 |
| Latest proxy statement | Meeting May 15, 2026 (filed May 15, 2026) | DEF 14A, May 15, 2026 |
| Auditor | M&k Cpas, PLLC (The Woodlands, TX) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| May 15, 2026 | Jason Daniel Ruegg President and Chairman | Sale | 480,000 | $963K | Form 4, May 19, 2026 |
| May 15, 2026 | Brian John CEO and Director | Sale | 120,000 | $289K | Form 4, May 19, 2026 |
| March 31, 2026 | Jason Daniel Ruegg President and Chairman | Buy | 10,000 | $20K | Form 4, April 1, 2026 |
| March 31, 2026 | Andrew James Simmons Vice President and Director | Buy | 10,000 | $20K | Form 4, April 1, 2026 |
| March 31, 2026 | Brian John CEO and Director | Buy | 53,350 | $110K | Form 4, April 1, 2026 |
| January 16, 2026 | Robert Rosario Gonnelli Director | Buy | 5,000 | $13K | Form 4, January 21, 2026 |
| December 12, 2025 | Robert Rosario Gonnelli Director | Buy | 7,000 | $21K | Form 4, December 15, 2025 |
| December 10, 2025 | Robert Rosario Gonnelli Director | Buy | 5,000 | $15K | Form 4, December 12, 2025 |
Recent 8-K events
- 8-K filed 2026-10-29
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 3.02 Unregistered sales of equity securities
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-10-19
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-10-09
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-09-29
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-09-04
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-08-28
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-08-18
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 3.02 Unregistered sales of equity securities
- 8-K filed 2026-08-13
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-08-04
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-27
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- Item 7.01 Regulation FD disclosure
Frequently asked questions about NextBoat Inc.
- What does NextBoat Inc. do?
- In its own words, from Item 1 of its 10-K: "Off the Hook YS Inc (“Off the Hook”, or “OTH”) is a holding company and the sole managing member of Off the Hook Yacht Sales NC, LLC (“OTHYS”), OTH Simon Marine YF, LLC (the “Boat Center”), Azure Funding, LLC (“Azure”) and Autograph Yacht Group Inc. (“AYG”) which was established on January 3, 2025. Except as otherwise indicated or required by the context, all references in this Annual Report on Form 10-K to the “Company”, the “Business”, “Off the Hook”, “we”, “us”, or “our” relate to Off the Hook YS Inc. and its consolidated subsidiaries."
- What is NextBoat Inc.'s revenue?
- $120M for the fiscal year ending December 31, 2025, from its 10-K filed March 31, 2026.
- Is NextBoat Inc. profitable?
- NextBoat Inc. reported net income of -$1.9M for the fiscal year ending December 31, 2025.
- How many employees does NextBoat Inc. have?
- About 40 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of NextBoat Inc.?
- Ross Tannenbaum, Chief Executive Officer, as named in a 3 filed October 8, 2026.
- Who is the CFO of NextBoat Inc.?
- Chad Gregory Corbin, Chief Financial Officer, as named in a 4 filed May 28, 2026.
- Where is NextBoat Inc. headquartered?
- Wilmington, NC.
- What is NextBoat Inc.'s stock ticker?
- NXB on NYSE.
- What industry is NextBoat Inc. in?
- Ship & Boat Building & Repairing, SIC code 3730.
- What is NextBoat Inc.'s website?
- offthehookyachts.com. Investor relations: https://investor.nextboat.com/.
- When does NextBoat Inc. report earnings next?
- December 21, 2026. Source: pg_future_events.
- Is NextBoat Inc. a public company?
- Yes. NextBoat Inc. files with the SEC under CIK 0002067767 and trades as NXB.
- Who audits NextBoat Inc.?
- M&k Cpas, PLLC, The Woodlands, TX, as named in its latest annual report (10-K).
- How many shares of NextBoat Inc. are outstanding?
- 25.1 million shares as of August 13, 2026, from its 10-Q filed August 13, 2026.
- What is NextBoat Inc.'s public float?
- $0 as of June 30, 2025, as reported on the cover of its 10-K filed March 31, 2026.
- How many business segments does NextBoat Inc. report?
- 2 reportable segments for the period ending June 30, 2026, from its 10-Q filed August 13, 2026.
- When is NextBoat Inc.'s annual shareholder meeting?
- May 15, 2026, per its proxy statement (DEF 14A) filed May 15, 2026.
- Have NextBoat Inc. insiders traded stock recently?
- Since November 14, 2025, officers and directors reported 2 open-market sales worth about $1.3M and 11 purchases worth about $950K on Forms 4 and 5. The most recent: Jason Daniel Ruegg (President and Chairman) sold 480,000 shares on May 15, 2026.