# NextBoat Inc. (NXB) · Edgar & Edgarette company card

> NextBoat (NXB) grew revenue 21.1% in FY2025 to $120 million, operating margin 0.4% against a 4.8% median for ship & boat building & repairing, equity 24.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 2067767 · fiscal year ended 2025-12-31 · 2 audited years read · [page](https://www.pops4.com/boards/company/NXB) · [JSON](https://www.pops4.com/boards/company/NXB.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $120M |
| Revenue growth, 1 year | 21.1% |
| Revenue growth per year | — |
| Operating margin | 0.4% (prior year 2.7%) |
| Net margin | -1.6% |
| Operating cash flow | −$697,394 |
| Capital spending | $577,456 |
| Free cash flow | −$1M |
| Cash | $12M |
| Long-term debt | $94,456 |
| Total assets | $48M |
| Total equity | $12M |
| Equity ÷ assets | 24.4% |
| Return on equity | -15.8% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 1.19 (grey zone)
- Piotroski F: 4 of 9 (middling)
- Beneish M: -0.81 (above the −1.78 line)
- Health Harbor boat: Sound ship · one warning sign · operating cash flow was negative

## Edgarette's reading

Exposure: revenue $119.9M (FY2025), total debt $94K. Experience: revenue up 21.1% on the year; operating margin 0.4%, down from 2.7%. Soundness: equity 24.4% of assets, return on equity -15.8%. Credibility: 2 audited years, moderate weight. Range: 80% of past cases like this landed between $114.5M and $184.0M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (75 filers, $50M+ revenue, its industry group): operating margin 0.4% against a 4.8% median; growth 21.1% against 4.9%.

Range logged 2026-09-20, receipt 0a7b3c23203a8aef, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 5, latest 2026-10-09 ([filing](https://www.sec.gov/Archives/edgar/data/2067767/000149315226046575/0001493152-26-046575-index.htm))

## Recent filings

- 8-K · filed 2026-10-29 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2067767/000149315226049199/0001493152-26-049199-index.htm)
- 8-K · filed 2026-10-19 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2067767/000149315226047590/0001493152-26-047590-index.htm)
- 8-K · filed 2026-10-09 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/2067767/000149315226046575/0001493152-26-046575-index.htm)
- 8-K · filed 2026-09-29 · 5.02 Departure or Election of Directors; Appointment of Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2067767/000149315226044890/0001493152-26-044890-index.htm)
- 8-K · filed 2026-09-04 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/2067767/000149315226041460/0001493152-26-041460-index.htm)
- S-1 · filed 2026-08-28 · [filing](https://www.sec.gov/Archives/edgar/data/2067767/000149315226040650/0001493152-26-040650-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0002067767.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2067767

## Cite

POPS4, Edgar & Edgarette: NextBoat Inc. (NXB) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/NXB. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.