| Metric | Value ($ M) | vs Q2 FY25 |
|---|---|---|
| Revenue | 24.01 | 23.4% |
| Total Income | 24.01 | 23.4% |
| Expenditure | 23.69 | 21.7% |
| PBT | — | |
| Net Profit | -0.07 | 112.7% |
| OPM | 1.29% | 2.26pp |
| NPM | -0.28% | 2.04pp |
| EPS | -0.00 | 110.0% |
Off The Hook Yachts Reports Q3 2025 Revenue of $24.0 Million
04 May 2026 · 4 May, 6:55 am
Summary
Off The Hook YS Inc. announced its third quarter financial results, with revenues of $24.0 million. The company's nine-month revenues reached a record $82.6 million, a 19.3% increase year-over-year. The number of boats sold in Q3 grew by 51% to 112 units. The company issued full-year 2026 revenue guidance, expecting between $140 million and $145 million.
Key Highlights
- 1
Off The Hook YS Inc. reported third quarter revenues of $24.0 million.
- 2
Record nine-month revenues reached $82.6 million, marking a 19.3% year-over-year increase.
- 3
The number of boats sold in the third quarter totaled 112 units, up 51% year-over-year.
- 4
The company completed its IPO on November 14, 2025, raising $15 million.
- 5
Gross profit for the third quarter was $3.0 million, compared to $2.9 million in 2024.
- 6
For the nine months ended September 30, 2025, gross profit increased by $1.5 million to $8.4 million compared to $6.9 million in the same period of 2024.
- 7
The company expects annual revenue for 2026 to be between $140 million and $145 million.
Management Comments
Brian John
“I’d like to acknowledge my team in the outstanding performance this quarter, even as we executed on our initial public offering on November 14, 2025 where we raised $15 million. I’m also proud of our recent successful launch of Autograph Yacht Group, located in Jupiter, Florida, and our 45 brokers, positioned throughout the United States. By leveraging its nationwide broker network, advanced CRM technology, and synergistic portfolio of entities, OTH delivers exceptional value to clients. As we continue to focus on the pre-owned boat market, we believe that we can quickly capitalize on boating trends whether pre-owned boat prices go up or down.”
Informational and educational content only. Not investment advice.