1. Third quarter revenue reached $24 million, down 7.2% from 2024. 2. Company reported record nine-month revenues of $82.6 million, up 19.3% YOY. 3. Sold 112 boats in Q3, a significant 51.1% increase from last year. 4. 2026 revenue guidance set between $140-$145 million, indicating growth potential. 5. Recent IPO raised $15 million to support expansion and operational capabilities.
FAQ
Why Bullish?
Despite a decline in quarterly revenue, the substantial increase in boat sales and overall positive revenue growth year-on-year signals underlying strength. Historical examples show stock prices can recover from quarterly declines if overall trends remain positive.
How important is it?
The reported growth in sales and future guidance indicates strong operational health, making it likely for investors to react positively in the short term. The successful IPO also strengthens the financial position of OTH.
Why Short Term?
The immediate effects from recent financial performance and guidance can influence stock in the upcoming quarters. Previous trends show that guidance announcements can lead to immediate market reaction.
Off The Hook Yachts Reports Strong Third Quarter Financial Results
Wilmington, NC, December 15, 2025 (GLOBE NEWSWIRE) – Off The Hook Yachts Inc. (NYSE: OTH) has unveiled impressive financial outcomes for the third quarter ended September 30, 2025. The company reported third-quarter revenues of $24.0 million and nine-month revenues totaling $82.6 million, marking a significant year-over-year increase of 19.3%.
Third Quarter Highlights for OTH
- Revenue: $24.0 million, down from $25.8 million in Q3 2024
- Number of Boats Sold: 112 units, a 51.1% increase from 74 boats sold in Q3 2024
- Adjusted EBITDA: $0.5 million
- Gross Profit: $3.0 million compared to $2.9 million in 2024
- Net Loss: $0.07 million
- Expansion: Launched Autograph Yacht Group with ten new brokers
CEO Insights on Performance
Brian John, CEO of Off The Hook Yachts, commented on the company’s growth, stating, “I’d like to acknowledge my team for their outstanding performance this quarter, even as we executed on our initial public offering on November 14, 2025, raising $15 million. We believe that by leveraging our nationwide broker network, OTH can effectively address market trends, whether used boat prices rise or fall.”
Nine-Month Financial Overview
For the first nine months of 2025, Off The Hook Yachts achieved record revenues of $82.6 million and a record of 310 boats sold, representing a 24.4% increase. The nine-month gross profit reached $8.4 million, reflecting an increase of 20.8% from the same period last year.
- Net Income: $0.8 million
- Adjusted EBITDA: $2.6 million vs. $3.1 million in 2024
- Gross Profit for Boats: $7.3 million, a 29.3% increase year-over-year
Challenges and Future Guidance
Despite achieving a 51.1% increase in the number of boats sold in Q3 2025, the company experienced a revenue decline compared to the previous year, primarily due to the timing of several large pre-owned boat sales. Revenue from boat sales decreased by $1.8 million. However, OTH anticipates an annual revenue forecast for 2026 between $140 million and $145 million, reflecting optimism in the market.
Upcoming Conference Call
Off The Hook Yachts will host a conference call today at 4:30 P.M. EST. Interested parties can join by dialing (800) 715-9871 for domestic calls or (646) 307-1963 for international access. The call will also be available via webcast on their Investor Relations page.
About Off The Hook Yachts Inc.
Founded in 2012, Off The Hook Yachts has become a leading buyer and seller of pre-owned boats in the U.S. Headquartered in Wilmington, North Carolina, with operations stretching across the East Coast and South Florida, OTH leverages a robust network and innovative sales technologies to offer customers unparalleled services in yacht transactions, financing, and more.