Off The Hook YS (OTH)
Market Price (2/22/2026): $2.45 | Market Cap: $58.2 MilSector: Consumer Discretionary | Industry: Automotive Retail
Off The Hook YS (OTH)
Market Price (2/22/2026): $2.45Market Cap: $58.2 MilSector: Consumer DiscretionaryIndustry: Automotive Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -101% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 617x |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -7.2% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.5% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.1% | |
| Key risksOTH key risks include [1] execution challenges for its complex, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -72%, 3Y Excs Rtn is -101% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 617x |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -7.2% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -4.2%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.5% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.1% |
| Key risksOTH key risks include [1] execution challenges for its complex, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Off The Hook YS (OTH) stock has lost about 35% since it went public on 11/13/2025 because of the following key factors:
1. Underwhelming Initial Public Offering (IPO) Reception. Off The Hook YS priced its IPO at $4.00 per share on November 13, 2025, which was the low end of its projected price range of $4.00 to $6.00. The company also sold fewer shares than initially planned, raising $15 million instead of the anticipated $25 million to $29 million. This suggests a weaker-than-expected investor demand at the time of its market debut.
2. Decline in Q3 2025 Financial Performance. The company reported its third-quarter 2025 financial results on December 15, 2025, shortly after going public. For the quarter ending September 30, 2025, Off The Hook YS reported a net loss of $0.07 million. Its GAAP diluted earnings per share (EPS) significantly decreased to ($0.003) from $0.048 in the same period of 2024, and Adjusted EBITDA dropped to $0.5 million from $1.4 million year-over-year. While nine-month revenue increased, the quarterly revenue for Q3 2025 was down 7.2% compared to Q3 2024. These results likely contributed to a negative investor sentiment post-IPO.
Show more
1. Underwhelming Initial Public Offering (IPO) Reception. Off The Hook YS priced its IPO at $4.00 per share on November 13, 2025, which was the low end of its projected price range of $4.00 to $6.00. The company also sold fewer shares than initially planned, raising $15 million instead of the anticipated $25 million to $29 million. This suggests a weaker-than-expected investor demand at the time of its market debut.
2. Decline in Q3 2025 Financial Performance. The company reported its third-quarter 2025 financial results on December 15, 2025, shortly after going public. For the quarter ending September 30, 2025, Off The Hook YS reported a net loss of $0.07 million. Its GAAP diluted earnings per share (EPS) significantly decreased to ($0.003) from $0.048 in the same period of 2024, and Adjusted EBITDA dropped to $0.5 million from $1.4 million year-over-year. While nine-month revenue increased, the quarterly revenue for Q3 2025 was down 7.2% compared to Q3 2024. These results likely contributed to a negative investor sentiment post-IPO.
Show more
Stock Movement Drivers
Fundamental Drivers
nullnull
Market Drivers
10/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| OTH | ||
| Market (SPY) | 1.1% | 10.1% |
| Sector (XLY) | -2.1% | 11.9% |
Fundamental Drivers
nullnull
Market Drivers
7/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| OTH | ||
| Market (SPY) | 9.4% | 10.1% |
| Sector (XLY) | 6.3% | 11.9% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2025 to 2/21/2026| Return | Correlation | |
|---|---|---|
| OTH | ||
| Market (SPY) | 15.6% | 10.1% |
| Sector (XLY) | 1.8% | 11.9% |
Fundamental Drivers
nullnull
Market Drivers
1/31/2023 to 2/21/2026| Return | Correlation | |
|---|---|---|
| OTH | ||
| Market (SPY) | 75.9% | 10.1% |
| Sector (XLY) | 61.7% | 11.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| OTH Return | - | - | - | - | -45% | 19% | -35% |
| Peers Return | 61% | 13% | 31% | 28% | 3% | -1% | 212% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 0% | 83% |
Monthly Win Rates [3] | |||||||
| OTH Win Rate | - | - | - | - | 0% | 50% | |
| Peers Win Rate | 67% | 53% | 58% | 63% | 57% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| OTH Max Drawdown | - | - | - | - | -45% | -4% | |
| Peers Max Drawdown | -5% | -19% | -6% | -6% | -10% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MUSA, AN, GPI, ORLY, AZO.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/20/2026 (YTD)
How Low Can It Go
OTH has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -40.3% | -25.4% |
| % Gain to Breakeven | 67.4% | 34.1% |
| Time to Breakeven | 680 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -33.9% | -33.9% |
| % Gain to Breakeven | 51.3% | 51.3% |
| Time to Breakeven | 82 days | 148 days |
| 2018 Correction | ||
| % Loss | -21.9% | -19.8% |
| % Gain to Breakeven | 28.1% | 24.7% |
| Time to Breakeven | 105 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -60.1% | -56.8% |
| % Gain to Breakeven | 150.8% | 131.3% |
| Time to Breakeven | 779 days | 1,480 days |
Compare to MUSA, AN, GPI, ORLY, AZO
In The Past
SPDR Select Sector Fund's stock fell -40.3% during the 2022 Inflation Shock from a high on 11/19/2021. A -40.3% loss requires a 67.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Off The Hook YS (OTH)
We are a premier yacht and boat dealership specializing in the buying, selling, and wholesaling of yachts and boats. Founded in 2012 by Jason Ruegg, OTHYS has grown into one of the largest marine wholesaler in the industry, recognized for its innovation, expertise, and expansive operations. Over the past decade, we believe OTHYS has become a nationally recognized leader in the marine industry, earning numerous accolades. The company has been named one of the 500 fastest-growing companies in the United States by Inc. 500 and is consistently ranked as a Top 100 Dealer in the USA by Boating Industry, a magazine for boating professionals. Today, OTHYS generates over $90 million in annual boat and yacht sales, operating across eight locations with a team of 35 sales representatives who transact on more than 400 vessels each year. The company’s success is built on a commitment to excellence, emphasizing the hiring of highly skilled professionals who embody integrity and a passion for the boating industry. By prioritizing relationship-building and ensuring client satisfaction, we believe OTHYS has established itself as a trusted leader in the market. Our principal executive office is located in Wilmington, NC.
AI Analysis | Feedback
null
AI Analysis | Feedback
- New Yacht Sales: Selling brand-new yachts from various manufacturers they represent.
- Yacht Brokerage: Facilitating the buying and selling of pre-owned yachts for clients.
- Yacht Service and Parts: Providing maintenance, repair services, and selling parts for yachts.
AI Analysis | Feedback
Off The Hook YS (OTH) - Major Customers
Information regarding "Off The Hook YS" with the symbol OTH as a widely traded public company is not readily available through standard financial databases. However, there is a known aquaculture company named "Off The Hook Yields Sdn Bhd," based in Malaysia, which specializes in sustainable shrimp farming. Assuming this is the intended company, its business model is primarily Business-to-Business (B2B), selling its farmed shrimp to other companies rather than directly to individual consumers. Due to the lack of readily available public financial filings (which would typically disclose major customers for a public company), specific names of Off The Hook Yields' major customer companies are not publicly disclosed. However, based on the nature of its business (shrimp farming), its major customers would fall into the following categories:- Seafood Distributors and Wholesalers: These companies purchase large quantities of shrimp directly from farms and then distribute them to a wide network of restaurants, hotels, smaller retailers, and other food service providers.
- Retail Grocery Chains and Specialty Food Stores: Large supermarket chains and specialized seafood or gourmet food stores that procure sustainable and traceable shrimp to sell directly to consumers.
- Food Service and Hospitality Industry: High-end restaurants, hotel chains, and catering companies that value premium quality, sustainably sourced seafood for their menus.
- Food Processors: Companies that purchase raw shrimp to further process into various value-added products, such as peeled and deveined shrimp, frozen meals, or ready-to-cook seafood products for retail or food service markets.
AI Analysis | Feedback
null
AI Analysis | Feedback
Brian S. John, Chief Executive Officer and Director
Mr. John has experience in financial consulting, capital markets, and senior executive leadership. He also has experience in taking companies public and managing mergers and acquisitions in the marine sector. He is the control person of Off The Hook Acquisition Corp. and recently acquired 25,000 shares of Off The Hook YS Inc.
Chad Corbin, Chief Financial Officer
From 2008 to 2017, Mr. Corbin served as Controller, then Chief Financial Officer and General Manager of Filmwerks International, where he oversaw financial operations, banking relationships, and two large competitor acquisitions. From 2017 to 2024, he worked as a Financial/Operational consultant for various small companies, including Audioengine and Manufacturing Methods.
Jason Ruegg, President and Chairman of the Board
Mr. Ruegg founded Off The Hook YS in 2012. Under his leadership, Off The Hook YS has been recognized as one of the 500 fastest-growing companies in the United States by Inc. 500 for two consecutive years and a Top 100 Dealer in the USA by Boating Industry.
Blake Phillips, Chief Operating Officer
Andrew Simmons, Executive Vice President and Director
AI Analysis | Feedback
Key Business Risks for Off The Hook YS (OTH)- Sensitivity to Economic Conditions and Discretionary Spending: Off The Hook YS operates within the luxury yacht market, making its business highly vulnerable to economic downturns, shifts in consumer confidence, and the availability of discretionary income. The company's "Marine Arbitrage" strategy, which involves acquiring distressed luxury yachts for resale, is particularly susceptible to these external factors. Furthermore, the temporary nature of beneficial tax incentives, such as the "One Big Beautiful Bill Act" that offers 100% bonus depreciation for qualifying vessels through January 19, 2026, presents a potential risk of reduced demand once these incentives expire. Any significant decrease in the demand for luxury goods could directly impact the company's revenue and profitability.
- Execution Risk in a Vertically Integrated and Niche Market: As a recently public company, Off The Hook YS faces the critical challenge of consistently executing its complex, vertically integrated business model. This model encompasses a broad range of operations, including financing, maintenance, repossession, and the resale of pre-owned yachts and boats. The success of its "Marine Arbitrage" strategy relies heavily on the efficient management of these diverse functions and the ability to accurately identify and acquire distressed assets at advantageous prices. Inefficiencies in any part of this integrated chain or difficulties in navigating the fragmented luxury yacht resale market could significantly impede the company's ability to achieve its projected growth and maintain profitability.
- Competition and Market Fragmentation: The market for luxury yacht resale is characterized by its fragmentation, with numerous independent dealers. While Off The Hook YS aims to address these market inefficiencies through its vertically integrated approach and proprietary technology, intense competition could lead to pricing pressures, challenges in acquiring desirable inventory, and difficulties in sustaining or expanding market share. The presence of many smaller players can make it challenging to standardize processes and pricing, potentially affecting Off The Hook YS's operational advantages.
AI Analysis | Feedback
The rapid acceleration and expansion of social commerce platforms (e.g., TikTok Shop, Instagram Checkout) and the rise of direct-to-consumer (DTC) brands leveraging influencer marketing for direct sales. This trend enables brands and creators to sell products directly to consumers, often bypassing traditional multi-brand retailers like Off The Hook YS. This shift in consumer discovery and purchasing behavior, driven by instant gratification and viral trends on social media, poses a clear emerging threat by diverting market share and customer engagement away from conventional retail channels.
AI Analysis | Feedback
Off The Hook YS (OTH) operates primarily in the marine industry, specializing in yacht and boat sales, wholesaling, and associated services. The company's main products and services include: * Yacht and Boat Dealership: This involves the buying, selling, and wholesaling of new and pre-owned yachts and boats. * Recreational Loan Brokerage and Lending: Through its "Azure Funding" segment, Off The Hook YS provides financing solutions for individuals, dealerships, and brokerages for recreational vessels. * Boat Maintenance, Repair, and Support Services: The company offers complementary vessel services and repairs, along with warranty and after-sale services. Due to the specialized nature of these offerings within the broader marine industry, publicly available, precise addressable market sizes specifically for "yacht and boat wholesaling," "recreational boat loan brokerage," or "boat maintenance and repair services" are not readily quantifiable as standalone global or U.S. market figures from the provided search results. Therefore, it is currently not possible to identify the exact addressable market sizes for Off The Hook YS's main products and services. nullAI Analysis | Feedback
Off The Hook YS (OTH) is poised for future revenue growth over the next 2-3 years, driven by strategic initiatives stemming from its recent Initial Public Offering (IPO) and its established position in the yacht and boat dealership industry. The company operates in two primary segments: Boat Sales and Azure Funding, which provides recreational loan financing. Here are 3-5 expected drivers of future revenue growth: * Enhanced Marketing and Inventory Expansion: A significant portion of the IPO proceeds is allocated to working capital, advertising, and marketing its inventory. This suggests a concerted effort to increase visibility, attract more customers, and potentially expand the range and volume of boats and yachts available for sale, thereby driving higher sales in its core Boat Sales segment. * Strategic Property Acquisitions for Storage and Service Centers: The company plans to use IPO funds for potential down payments to acquire and develop waterfront properties for storage and service centers. Expanding its physical footprint and service capabilities would not only allow OTH to handle more inventory but also to offer additional value-added services, generating new revenue streams and supporting increased boat sales through a more comprehensive customer experience. * Leveraging Technology for Market Efficiency and Customer Acquisition: Off The Hook YS utilizes advanced technology, including AI-assisted valuation tools and a data-driven sales platform, to enhance transparency and efficiency in yacht transactions. Continued investment in and optimization of these technological tools can lead to more efficient inventory turnover, better pricing strategies, and an improved customer experience, ultimately attracting more buyers and sellers and increasing transaction volume. The acquisition of "Boats and Buyers," an auction platform, also points to offering alternative sales channels and creating additional liquidity in the market. * Growth in Financing Solutions through Azure Funding: As a recreational loan broker and lender, the Azure Funding segment provides financing solutions for individuals, dealerships, and brokerages. With an anticipated increase in boat sales fueled by enhanced marketing and expanded inventory, the demand for financing options through Azure Funding is also expected to rise, contributing to revenue growth from interest income and financing fees. * Expansion into New Boat Sales: While historically focused on pre-owned boats, Off The Hook YS is expanding into the sale of new boats. This expansion broadens the company's addressable market and offers opportunities for higher-value transactions and potentially stronger margins associated with new vessel sales, diversifying its revenue base beyond the pre-owned market.AI Analysis | Feedback
Share Issuance
- Off The Hook YS Inc. completed its initial public offering (IPO) on November 14, 2025, issuing 3,750,000 common shares at $4.00 per share, generating gross proceeds of $15,000,000.
- The underwriters were granted a 45-day option to purchase up to an additional 562,500 shares to cover over-allotments.
- As partial compensation, the company issued warrants to underwriters to purchase an aggregate of 187,500 shares of common stock, exercisable from May 11, 2026, at an initial exercise price of $5.00 per share.
Inbound Investments
- Off The Hook YS Inc. successfully raised $15,000,000 in gross proceeds through its Initial Public Offering (IPO) in November 2025.
Capital Expenditures
- The company intends to allocate a portion of the IPO proceeds towards potential down payments to acquire and develop waterfront properties for storage and service centers.
Trade Ideas
Select ideas related to OTH.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 01302026 | LULU | Lululemon Athletica | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 1.1% | 1.1% | -2.8% |
| 01302026 | KSS | Kohl's | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 13.6% | 13.6% | -1.0% |
| 01022026 | AAP | Advance Auto Parts | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 51.3% | 51.3% | -0.4% |
| 12192025 | KTB | Kontoor Brands | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.2% | 5.2% | -10.3% |
| 12192025 | COUR | Coursera | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | -21.8% | -21.8% | -24.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 271.88 |
| Mkt Cap | 7.3 |
| Rev LTM | 19,319 |
| Op Inc LTM | 1,132 |
| FCF LTM | 396 |
| FCF 3Y Avg | 408 |
| CFO LTM | 756 |
| CFO 3Y Avg | 808 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.8% |
| Rev Chg 3Y Avg | 5.2% |
| Rev Chg Q | -0.9% |
| QoQ Delta Rev Chg LTM | -0.3% |
| Op Mgn LTM | 4.5% |
| Op Mgn 3Y Avg | 5.2% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 3.6% |
| CFO/Rev 3Y Avg | 3.9% |
| FCF/Rev LTM | 1.9% |
| FCF/Rev 3Y Avg | 2.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.3 |
| P/S | 0.5 |
| P/EBIT | 14.0 |
| P/E | 20.5 |
| P/CFO | 14.1 |
| Total Yield | 5.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.8% |
| D/E | 0.4 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -7.9% |
| 3M Rtn | -5.4% |
| 6M Rtn | -8.7% |
| 12M Rtn | -2.3% |
| 3Y Rtn | 47.1% |
| 1M Excs Rtn | -9.3% |
| 3M Excs Rtn | -7.9% |
| 6M Excs Rtn | -18.0% |
| 12M Excs Rtn | -18.5% |
| 3Y Excs Rtn | -19.2% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/15/2025 | -15.3% | -31.0% | -22.1% |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 1 | 1 | 1 |
| Median Positive | |||
| Median Negative | -15.3% | -31.0% | -22.1% |
| Max Positive | |||
| Max Negative | -15.3% | -31.0% | -22.1% |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gonnelli, Robert Rosario | Direct | Buy | 12152025 | 2.95 | 971 | 2,864 | 445,364 | Form | |
| 2 | Gonnelli, Robert Rosario | Direct | Buy | 12152025 | 2.95 | 6,029 | 17,767 | 462,667 | Form | |
| 3 | Gonnelli, Robert Rosario | Direct | Buy | 12122025 | 3.05 | 5,000 | 15,250 | 451,400 | Form | |
| 4 | Gonnelli, Robert Rosario | Direct | Buy | 12012025 | 3.50 | 5,000 | 17,500 | 490,000 | Form | |
| 5 | Gonnelli, Robert Rosario | Direct | Buy | 12012025 | 3.50 | 5,000 | 17,500 | 507,500 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.