Have a 2021 Formula with the top paint job and have a significant amount of paint bubbles and chips. Anyone else have similar issues and if so, did it continue past the first year?

Did you contact Formula?

I did contact Formula and was not impressed with their response which was disappointing as I heard their warranty dept was excellent to deal with. At first, they had a local painter come look at it but he wouldn't touch it as it is the Platinum paint job and has a lot of air brushing. So, it has to go back to the factory unless I want to find a painter myself. They then told me I had to pay to ship it back but my dealer stepped in and helped me out. Then they could get it picked up until December but I had to put it in storage prior so we agreed to fix it next winter.

I'm just not sure they should just fix the nicks and bubbles - it may have to be repainted. That's why I was asking if anyone else had these issues.

It's a shame because the paint job is beautiful and I get a ton of compliments.

Their problem and you have to ship it back, that's rich
Post this on the formula forum, see what some of those guys have to say
Formula Boats Forum

Different boat manufacture but been there done that!!!
I would not pick my own painter, the manufacture would love for you to do that because if the job did not turn out right it would be your problem not theirs, because you picked the painter,
I would not wait to have anything fixed next winter you need to have them fix it now, a lot of things can change in a year and not to your favor, trust me I speak from experience

Good Luck