Off The Hook Yachts Reports Record 2025 Revenue Growth

Off The Hook YS Inc. ( (OTH) ) has issued an announcement.

On March 30, 2026, Off the Hook Yachts reported record 2025 revenue of $119.9 million, up 21.1% year over year, and a record 426 boats sold, a 32.7% increase from 2024, driven by higher floorplan utilization, the launch of Autograph Yacht Group and an expanded broker network. Gross profit climbed 30.6% to $11.5 million and gross margin improved to 9.6%, while fourth-quarter 2025 revenue rose 25.2% to $37.3 million with 117 boats sold, underscoring the company’s growing share in the pre-owned recreational marine market despite a softer macro backdrop for discretionary spending.

The company swung to a 2025 net loss of about $1.6 million from $1.0 million in net income a year earlier, as operating expenses nearly doubled to $10.7 million on heavier marketing, infrastructure spending and $1.8 million of stock-based compensation tied to its November 2025 IPO. That listing raised roughly $13.4 million in net proceeds, boosting cash to $12.4 million and improving working capital to $9.4 million by year-end, and management lifted 2026 revenue guidance to a range of $150 million to $155 million, signaling confidence that increased broker capacity, expanded floorplan financing and a stronger balance sheet will support continued double-digit growth.

Adjusted EBITDA declined to $0.5 million from $1.2 million in 2024 as higher operating costs and greater floorplan interest expense offset revenue gains, highlighting the near-term profitability trade-off of scaling as a new public company. Even so, Off the Hook’s leadership emphasized that its liquidity, inventory financing capacity and multi-channel revenue model leave it well positioned to pursue growth investments and cement its role as a leading platform in the recreational marine sector.

The most recent analyst rating on (OTH) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Off The Hook YS Inc. stock, see the OTH Stock Forecast page.

Spark’s Take on OTH Stock

According to Spark, TipRanks’ AI Analyst, OTH is a Neutral.

The score is held down primarily by weak financial quality—high leverage, a very thin equity base, and persistently negative (and worsening) operating/free cash flow despite revenue growth. Technicals are neutral-to-mildly supportive, and corporate updates are positive (partnerships, financing expansion, buyback), but they do not offset the near-term balance-sheet and cash-flow risk.

To see Spark’s full report on OTH stock, click here.

More about Off The Hook YS Inc.

Off The Hook YS Inc., which operates as Off the Hook Yachts, is a vertically integrated marine marketplace and the largest buyer and seller of used boats in the United States. The Wilmington, N.C.-based company focuses on pre-owned and select new recreational boats, combining brokerage, wholesale inventory acquisition, and in-house financing via its Azure Funding arm to target the recreational marine market nationwide.

Operating through a growing national broker network and a premier brokerage division including Autograph Yacht Group, the company leverages floorplan financing to carry more inventory and support higher sales volumes. Its model spans trade-ins, brokerage and consignment arrangements, as well as arranging financing, insurance and extended warranties, positioning Off the Hook to capture multiple revenue streams from each transaction in the pre-owned and new boat segments.

Average Trading Volume: 53,095

Technical Sentiment Signal: Strong Sell

See more insights into OTH stock on TipRanks’ Stock Analysis page.