NextBoat Valuation Multiples

NextBoat is valued at $35M as of November 2026, a 0.9x revenue multiple. In the last 12 months, NextBoat revenue was $120M.

NextBoat Overview

About NextBoat

NextBoat Inc focused on AI-powered technology platform designed to modernize and scale the world-wide pre-owned marine marketplace.


Founded

2025

HQ

United States

Employees

40

Financials (LTM)

Revenue: $120M
Net Income: ($1M)

EV

$105M

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NextBoat Financials

NextBoat reported last 12-month revenue of $120M.

In the same LTM period, NextBoat generated $11M in gross profit and had net loss of ($1M).

Revenue (LTM)


NextBoat P&L

In the most recent fiscal year, NextBoat reported revenue of $120M and EBITDA of $568K.

NextBoat is unprofitable as of last fiscal year, with gross margin of 10%, EBITDA margin of 0%, and net margin of (2%).

See analyst estimates for NextBoat
LTMLast FY202320242025202620272028
Revenue$120M$120M$92M$99M$120M
Gross Profit$11M$11M$9M$9M$11M
Gross Margin10%10%10%9%10%
EBITDA-$568K$3M$3M$568K
EBITDA Margin-0%3%3%0%
EBIT Margin0%0%3%3%0%
Net Profit($1M)($2M)$1M$992K($2M)
Net Margin(1%)(2%)1%1%(2%)
Net Debt-$14M---

Financial data powered by Morningstar, Inc.

NextBoat Stock Performance

NextBoat has current market cap of $35M, and enterprise value of $105M.

Market Cap Evolution


NextBoat's stock price is $1.40.

NextBoat share price decreased by 4.1% in the last 30 days.

NextBoat has an EPS (earnings per share) of $-0.07.

See more trading valuation data for NextBoat
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$105M$35M0.0%-4.1%-36.1%-$-0.07

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NextBoat Valuation Multiples

NextBoat trades at 0.9x EV/Revenue multiple, and 185.6x EV/EBITDA.

See NTM and 2027E valuation multiples for NextBoat

EV / Revenue (LTM)


NextBoat Financial Valuation Multiples

As of November 8, 2026, NextBoat has market cap of $35M and EV of $105M.

NextBoat has a P/E ratio of (23.9x).

LTMLast FY202320242025202620272028
EV/Revenue0.9x0.9x1.1x1.1x0.9x
EV/EBITDA-185.6x33.1x36.8x185.6x
EV/EBIT227.8x227.8x34.7x39.3x227.8x
EV/Gross Profit9.2x9.2x11.5x12.0x9.2x
P/E(23.9x)(18.8x)27.2x35.5x(18.8x)
EV/FCF-(72.9x)(23.6x)(14.8x)(72.9x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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NextBoat Margins & Growth Rates

NextBoat grew revenue by 42% and EBITDA by 516% in the last fiscal year.

In the most recent fiscal year, NextBoat reported gross margin of 10%, EBITDA margin of 0%, and net margin of (2%).

See estimated margins and future growth rates for NextBoat

NextBoat Margins

Last FY202420252026202720282029
Gross Margin10%9%10%11%
EBITDA Margin0%3%0%2%
EBIT Margin0%3%0%2%
Net Margin(2%)1%(2%)1%
FCF Margin(1%)(7%)(1%)-

NextBoat Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth42%8%21%42%
Gross Profit Growth63%(4%)31%63%
EBITDA Growth516%(10%)(80%)516%
EBIT Growth656%(12%)(83%)656%
Net Profit Growth(159%)(23%)(289%)(159%)
FCF Growth-59%(80%)-

Data powered by FactSet, Inc. and Morningstar, Inc.

NextBoat Operational KPIs

NextBoat's revenue per employee in the last FY averaged $3.0M, while opex per employee averaged $0.3M for the same period.

NextBoat's Rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

NextBoat's Rule of X is 107% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for NextBoat
LTMLast FY202320242025202620272028
Rule of 40-44%---
Bessemer Rule of X-107%---
Revenue per Employee-$3.0M---
Opex per Employee-$0.3M---
S&M Expenses to Revenue1%1%1%0%1%
G&A Expenses to Revenue-2%2%2%2%
Opex to Revenue-9%7%6%9%

Data powered by FactSet, Inc. and Morningstar, Inc.

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NextBoat Competitors

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E

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Acquisitions by NextBoat

NextBoat has acquired 1 company to date.

Last acquisition by NextBoat was on August 13th 2026. NextBoat acquired Apex Marine for undisclosed valuation.

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Latest Acquisitions by NextBoat

Apex Marine
Description
Apex Marine is a boat manufacturer that produces recreational and utility watercraft under several brand lines including pontoon and fishing models.
HQ CountryUnited States
HQ City
St. Louis, MO
Deal Date13 Aug 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

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About NextBoat

When was NextBoat founded?NextBoat was founded in 2025.
Where is NextBoat headquartered?NextBoat is headquartered in United States.
How many employees does NextBoat have?As of today, NextBoat has over 40 employees.
Is NextBoat publicly listed?Yes, NextBoat is a public company listed on NYSE American.
What is the stock symbol of NextBoat?NextBoat trades under NXB ticker.
When did NextBoat go public?NextBoat went public in 2025.
Who are competitors of NextBoat?NextBoat main competitors include
What is the current market cap of NextBoat?NextBoat's current market cap is $35M.
What is the current revenue of NextBoat?NextBoat's last 12 months revenue is $120M.
What is the current revenue growth of NextBoat?NextBoat revenue growth (NTM/LTM) is 67%.
What is the current EV/Revenue multiple of NextBoat?Current revenue multiple of NextBoat is 0.9x.
Is NextBoat profitable?No, NextBoat is not profitable.
What is the current net income of NextBoat?NextBoat's last 12 months net income is ($1M).
How many companies NextBoat has acquired to date?As of November 2026, NextBoat has acquired 1 company.
What was the largest acquisition by NextBoat?None of the M&A deals NextBoat has completed have disclosed valuations.
What companies NextBoat acquired?NextBoat acquired Apex Marine.
In how many companies NextBoat has invested to date?NextBoat hasn't invested in any companies yet (or none have been disclosed publicly).

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