Wilmington, NC, March 30, 2026 (GLOBE NEWSWIRE) — Off The Hook YS Inc. (NYSE American: "OTH"), a vertically integrated marine marketplace and the largest buyer and seller of used boats in the nation, has announced its financial results for the year ended December 31, 2025. The company reported record revenue of $119.9 million, representing a 21.1% increase compared to $99.0 million in 2024. This growth was primarily driven by a significant increase in the number of boats sold, with a total of 426 boats sold in 2025, up 33% year-over-year.

The company also reported a fourth quarter revenue increase of 25.2%, reaching $37.3 million, compared to $29.8 million in the same period of 2024. The number of boats sold during the fourth quarter reached a record 117, up 62.5% from the previous year. Gross profit for the year increased by 30.6% to $11.5 million, reflecting higher sales volume and improved inventory sourcing strategies.

In addition to strong revenue growth, Off The Hook YS Inc. successfully completed its initial public offering (IPO) in November 2025, raising approximately $13.4 million in net proceeds. This capital infusion has strengthened the company’s balance sheet and liquidity position, allowing for further investments in growth initiatives.

Looking ahead, the company has increased its revenue guidance for 2026 to between $150 million and $155 million, up from the previous guidance of $140 million to $145 million. CEO Brian John expressed optimism about the company’s future, stating, "Despite a more cautious macro environment for discretionary purchases, we believe OTH is well-positioned to accelerate growth in 2026 and continue building one of the leading platforms in the recreational marine market."

The company will host a live conference call today at 4:30 P.M. EST to discuss these results and its strategic outlook moving forward.

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