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Earnings analysis · 10-Q

OTH earnings analysis

Filed May 14, 2026 · Our reading of the company's report

The latest report

Off The Hook Yachts reported Q1 2026 revenue of $29.8 million, up 9.6% year-over-year, but fell short of analyst expectations. The company incurred a diluted EPS loss of $0.03, improving from a loss of $0.13 in the…

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Off The Hook Yachts reported Q1 2026 revenue of $29.8 million, up 9.6% year-over-year, but fell short of analyst expectations. The company incurred a diluted EPS loss of $0.03, improving from a loss of $0.13 in the prior year. Despite growth in pre-owned boat sales, new boat sales plummeted 76.4%, impacting profitability significantly.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $90 Operating expenses $25 Left as operating profit $-15

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Where revenue came from

The business segments reported by the company.

Pre-owned Boats 93.3% New Boats 4.4% Service & Parts 1.3% Finance Income 1.0%

Shares of the segments disclosed in this filing, largest first.

Reported figures

Earnings per share
$-0.031

What stood out

  • Revenue Growth Despite Challenges

    Q1 2026 revenue increased by $2.6 million, or 9.6%, to $29.8 million from $27.2 million in Q1 2025.

  • Strong Growth in Pre-owned Boats

    Pre-owned boat sales jumped by 31.8%, reaching $27.8 million, compared to $21.1 million for the same period last year.

  • Improved Gross Profit

    Gross profit rose by $0.5 million, or 18.5%, to $3.2 million versus $2.7 million in Q1 2025.

  • Operational Costs Rising

    Operating expenses rose to $4.4 million, a 166.7% increase from $1.6 million in Q1 2025.

  • Cash Decline

    Ending cash balance decreased by $7.1 million to $5.3 million compared to $12.4 million at the end of 2025.

  • Acquisitions and Market Position

    Management believes that the acquisition of Bellhart Marine will enhance service capabilities, supporting growth.

What to watch

  • Dramatic Drop in New Boat Sales

    New boat sales decreased by 76.4%, from $5.5 million to $1.3 million year-over-year.

  • Significant Net Losses

    The company reported a net loss of $3.5 million compared to a gain of $0.3 million in Q1 2025.

  • Heightened Operating Expenses

    SG&A expenses surged 225% to $1.3 million, alongside salary expenses rising 244% to $3.1 million.

Management's outlook

Full year 2026 revenue guidance has increased to $165M-$170M, up from $155M-$160M.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.