NextBoat (NXB) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), NextBoat reported total assets of $48.42M and total liabilities of $36.58M. Shareholders' equity was $11.84M, up 1123.4% from $967.39K a year earlier. Total debt stood at $25.37M against $12.43M in cash and short-term investments, a net debt position of $12.95M. That puts debt-to-equity at 2.14, compared with 26.17 a year earlier.

NextBoat Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for NextBoat Inc. (NXB) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Current Assets
Cash and Cash Equivalents	12.43	2.93	1.65
Cash & Short-Term Investments	12.43	2.93	1.65
Accounts Receivable	0.27	0.11	0.18
Inventory	26.04	22.59	12.56
Other Current Assets	1.14	3.23	0.27
Total Current Assets	39.88	28.86	18.05
Non-Current Assets
Property, Plant & Equipment (Net)	7.34	1.97	0.94
Goodwill	0.57	0.57	0.57
Intangible Assets	0.56	0.00	0.00
Other Non-Current Assets	0.07	0.24	0.74
Total Non-Current Assets	8.54	2.78	2.25
Total Assets	48.42	31.64	20.30
Current Liabilities
Accounts Payable	1.47	0.96	0.35
Short-Term Debt	25.31	23.95	14.38
Current Portion of Long-Term Debt	0.03	0.14	0.12
Accrued Liabilities	0.79	0.51	0.30
Deferred Revenue	1.21	2.35	2.68
Other Current Liabilities	1.09	2.04	0.10
Total Current Liabilities	30.87	29.30	20.08
Non-Current Liabilities
Long-Term Debt	0.06	1.37	0.32
Other Non-Current Liabilities	0.00	0.00	0.00
Total Non-Current Liabilities	5.71	1.37	0.47
Total Liabilities	36.58	30.67	20.55
Stockholders' Equity
Common Stock	0.37	0.02	0.02
Retained Earnings	-6.50	-1.83	-2.08
Additional Paid-in Capital	17.96	2.77	1.81
Shares Outstanding	24.02	23.75	23.75
Total Stockholders' Equity	11.84	0.97	-0.25
Total Liabilities & Equity	48.42	31.64	20.30

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About NextBoat Balance Sheet

How much debt does NextBoat have?

NextBoat had total debt of $25.37M as of Dec 31, 2025, against $12.43M in cash and short-term investments. Its debt-to-equity ratio was 2.14. Total debt was $25.32M a year earlier.

What are NextBoat's total assets?

NextBoat reported total assets of $48.42M as of Dec 31, 2025, up 53.0% from $31.64M a year earlier. Total liabilities were $36.58M.

What is NextBoat's shareholders' equity?

NextBoat's shareholders' equity was $11.84M as of Dec 31, 2025, or about $0.49 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition