Welcome to our dedicated page for Off the Hook YS news (Ticker: OTH), a resource for investors and traders seeking the latest updates and insights on Off the Hook YS stock.
Off The Hook YS Inc. (NYSE American: OTH), also known as Off the Hook Yachts, regularly issues news and updates about its activities in the U.S. pre-owned boat and yacht market. Founded in 2012 and headquartered in Wilmington, North Carolina, the company describes itself as America’s largest buyer and seller of pre-owned boats, operating a vertically integrated marine platform that includes wholesale and brokerage sales, marine financing, yacht services, and asset recovery.
The news flow for Off The Hook YS Inc. covers a range of topics that reflect its operations and strategic priorities. Readers can expect announcements about financial and operating results, including quarterly updates on revenues, boat sales volumes, and other performance metrics. The company also releases information about capital markets events, such as its initial public offering and share repurchase authorizations approved by its board of directors.
Operational updates feature prominently in Off The Hook’s news, including the launch and performance of Autograph Yacht Group, its luxury yacht brokerage division, and developments related to its Azure Funding marine finance business. The company also reports on expansion of its physical footprint, such as the development of new offices in key yachting markets like Jupiter, Florida, and on initiatives that leverage its AI-assisted valuation tools and data-driven sales platform.
In addition, Off The Hook YS Inc. issues press releases about strategic partnerships and programs that are intended to strengthen its national acquisition and brokerage network. Examples include a nationwide dealer incentive program developed through a partnership with a private aviation operator, as well as communications highlighting how tax law changes may affect boat buyers. For investors, brokers, and marine industry participants, following OTH news provides insight into the company’s growth initiatives, technology use, and role in the pre-owned boat and yacht market.
Off The Hook YS (NYSE American:OTH) will rebrand as NextBoat and change its ticker to NXB on or about May 29, 2026. The company is evolving from a traditional yacht brokerage into an AI-powered marine marketplace that supports brokers, dealers, and resellers across sourcing, valuation, financing, and digital closings.
Off The Hook Yachts will remain a core B2B division within NextBoat, focused on dealer trade-ins, wholesale transactions, and inventory liquidation.
Off The Hook Yachts (NYSE American: OTH) reported Q1 2026 revenue up 9.6% year over year to $29.8 million, a quarterly record, with gross profit up 18.3% to $3.2 million and gross margin improving to 10.7%.
The company sold a first‑quarter record 127 boats, including 124 pre‑owned units, and expanded its broker network by 30. It raised 2026 revenue guidance to $165–$170 million and completed the Apex Marine acquisition in South Florida to expand storage, service, and resale infrastructure.
Off The Hook Yachts (NYSE American: OTH) completed the acquisition of Apex Marine Companies, a South Florida marine service, storage, and sales operator. The deal adds large-scale facilities with haul-out capacity up to 150 metric tons and vessels up to 130 feet.
According to the company, integrating APEX enables it to process most inventory in-house, standardize refurbishment quality, and expand global sales reach, while already generating millions of dollars in annual cost savings from reduced third-party services, lower transport costs, and faster turnaround times.
Off The Hook Yachts (NYSE American: OTH) will release its 2026 first quarter financial and operating results on Thursday, May 14, 2026, after market close. A live earnings conference call follows at 4:30 p.m. Eastern, with a webcast and a limited-time replay accessible via the company’s Investor Relations site.
Dial-in numbers and the conference passcode are provided for domestic and international participation.
Off The Hook Yachts (NYSE American: OTH) is expanding into new-boat sales with Sportsman and Phenom brands via its committed acquisition of Bellhart Marine in Wilmington, NC.
The company pairs dealership operations with Sloop Point Marina storage (224 racks, approved to expand to 450) to drive trade-ins, recurring storage/service revenue, and up to 100 new boat sales annually at scale. A launch incentive offers one year of complimentary Sloop Point storage for Sportsman buyers through July 31, 2026.
Off The Hook Yachts (NYSE American: OTH) announced a global broker expansion initiative on April 9, 2026, introducing a five-tier recruitment and performance model and an upgraded NextBoat AI operating system. The company said it has nearly tripled its broker network and available capital since going public, aiming to scale a distributed, data-driven marketplace for used boats and yachts.
The platform emphasizes remote brokerage, network-wide inventory visibility, multi-tier compensation, and multiple transaction revenue streams to drive long-term growth.
Off The Hook Yachts (NYSE American: OTH) announced two new marina-based offices in East Greenwich, Rhode Island and Cape May, New Jersey on April 6, 2026. The openings create a New England headquarters at Greenwich Cove Marina and a Mid-Atlantic office at Cape May Marina to increase inventory sourcing, transaction velocity, and broker hiring.
East Greenwich will serve as the New England hub and leverage Rhode Island's tax-free boat purchases; Cape May will support Jersey Shore deal flow. Regional leaders John Parker and Scott White will lead growth initiatives.
Off The Hook Yachts (NYSE American: OTH) signed a definitive agreement to acquire Bellhart Marine and affiliated entities, creating a three-location Carolinas "Mega Service & Refit" platform. The deal adds heavy refit, outboard repower, and dry-stack capacity (approximately 450 racks) and in-house diesel expertise to accelerate reconditioning and resale.
The transaction is subject to customary closing conditions and expected to close within a standard timeline.
Off The Hook YS (NYSE American: OTH) reported strong post-IPO execution and Q1 2026 progress after a record 2025 with $119.9 million revenue. Key moves include a ~$60 million floorplan, broker headcount >2x, and Autograph Yacht Group facilitating 46 boat sales totaling $81 million.
The company is pursuing strategic acquisitions (pending Apex Marine Group), opened a Chesapeake Bay hub in March 2026, expanded South Florida presence, and launched NextBoat AI in March to boost marketplace liquidity.
Off The Hook Yachts (NYSE: OTH) reported record 2025 revenue of $119.9 million (up 21.1% YoY) and a record 426 boats sold (up 32.7% YoY). Gross profit rose 30.6% to $11.5 million. The company completed an IPO in November 2025, raising ~$13.4 million, ending 2025 with $12.4 million cash and working capital of $9.4 million. Adjusted EBITDA was $0.5 million and net loss was $1.47 million, reflecting higher public-company operating costs. 2026 revenue guidance was raised to $150–$155 million from prior $140–$145 million.