OFF THE HOOK YS INC. (OTH) Form 10-Q — May 14, 2026
Off The Hook YS Inc. (OTH) reported Q1 2026 revenue of $29.8 million, a 9.6% increase year-over-year, driven by a 31.8% surge in pre-owned boat sales to $27.8 million. Despite top-line growth, the company posted a net loss of $3.5 million and an adjusted EBITDA loss of $1.4 million, primarily due to increased operating expenses including $1.8 million in stock-based compensation and higher salaries as it transitions to a public company structure. The company’s liquidity position tightened, with cash declining from $12.4 million to $5.3 million and working capital dropping by $4.1 million to $4.9 million.
Key figures
- Revenue
- 29843739
- Revenue Yoy
- 9.6%
- Cash Position
- 5330457
- Deal Value Usd
- 6000000
- Shares Outstanding
- 24355000
- Short Term Debt
- 1500000
- Inventory Value
- 46401570
- Working Capital
- 4886942
- Floor Plan Notes Payable
- 40004232
Price after filing
Close on the filing date to close N calendar days later (from $2.71). Historical, not a forecast.
AI analysis
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