Off The Hook Yachts, a major player in pre-owned boat sales, announced its third quarter financial results.
Third quarter revenues reached $24.0 million, with a significant increase in the number of boats sold.
The company achieved record nine-month revenues of $82.6 million, reflecting a 19.3% year-over-year growth.
Successful IPO
Completed IPO on November 14, 2025, raising $15 million.
Revenue Performance
Third quarter revenue was $24.0 million, with a net loss of $0.07 million but adjusted EBITDA of $0.5 million.
Strategic Growth
Opened Autograph Yacht Group in South Florida and added ten new brokers, focusing on expanding the pre-owned boat market.
Record Nine-Month Results
Achieved record revenue of $82.6 million, an increase of 19.3% compared to the previous year.
- Third quarter revenues of $24.0 million decreased by 7.2% compared to 2024, with growth potential driven by an expanded broker network and increased capital.
- Gross profit increased to $3.0 million, with strategic buying decisions contributing to higher boat sales.
- Operating expenses rose to $2.7 million, supporting enhanced market capabilities for future revenue growth.
Off The Hook Yachts showcased a strong performance in the third quarter, despite a slight revenue decrease. With a focus on strategic expansion and maximizing value for clients, the company's outlook remains positive for the upcoming year.