Division surpasses $132 million in total transaction volume since launch, exceeding first-year target by more than 30%
WILMINGTON, NC / ACCESS Newswire / June 16, 2026 / NextBoat Inc. (NYSE America:NXB) ("NextBoat" or the "Company"), formerly Off The Hook YS Inc. (NYSE America:OTH), today announced strong growth from its Autograph yacht brokerage division reflecting continued growth in transaction volume, gross sales, new listings, and team expansion.
During the second quarter, Autograph facilitated 31 yacht transactions, up from 22 in the first quarter, representing a 41% increase in deal activity. Gross sales volume increased by approximately $43 million during the quarter, while Autograph trade activity reached $23.3 million, contributing to total transaction volume that nearly doubled the approximately $35 million achieved during the first quarter.
Since launching operations in September 2025, Autograph has facilitated approximately $132 million in brokerage and NextBoat trade transactions. Autograph's original first-year objective was to achieve $100 million in transaction volume, a goal that was surpassed by more than 30% within its first ten months of operation.
"Our second quarter results demonstrate the strength of our platform, our brokers, and our commitment to innovation within the yacht brokerage industry," said Mike Burke, President of Autograph Yacht Group. "What makes these results particularly meaningful is that we achieved them while building the business from the ground up. We began with no offices, a small team of seven brokers, and limited infrastructure. Today, we have established a scalable platform with multiple offices, experienced support staff, advanced marketing capabilities, and growing market presence."
The Company's brokerage listing inventory has expanded significantly, growing from approximately $100 million in listings to approximately $190 million, with additional inventory being added regularly. Management believes this growth reflects the effectiveness of its marketing platform, broker recruitment initiatives, and increasing brand recognition throughout the market.
The Company has also continued to invest in geographic expansion and talent acquisition. Autograph is currently establishing an additional office in Coconut Grove, Miami, strengthening its coverage across Southeast Florida. During the quarter, the Company added five new brokers and is actively engaged in discussions with an additional five to six top-producing brokers expected to join the platform over the coming months.
About NextBoat Inc.
Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat's ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.
Contact
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ir@nextboat.com
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SOURCE: NextBoat Inc.
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/consumer-and-retail-products/nextboat-inc.s-autograph-yachts-division-delivers-strong-second-quarte-1177859
