Off The Hook Yachts achieved first quarter 2026 revenue of $29.8 million, up 9.6% from $27.2 million a year earlier, driven by a 31.8% increase in pre-owned boat sales to $27.8 million and record unit sales of 127 boats. Gross profit rose 18.5% to $3.2 million, reflecting a 10.7% margin expansion. New boat revenues declined by $4.2 million to $1.3 million as unit sales fell from seven to three.

On May 13, 2026, the company completed its acquisition of Apex Marine Sales and related entities in South Florida, adding physical storage, service and resale hubs. The deal, funded with cash, common stock and seller financing, is expected to reduce outsourced service costs, improve turnover times and support higher transaction volumes in one of the firm's most active markets.

The company expanded its broker network by 30 new brokers, enhancing its vertically integrated model that spans brokerage, wholesale acquisition and financing through Azure Funding. This expansion, combined with the Autograph Yacht Group division and expanded floorplan financing, contributed to consistent monthly revenue growth into the second quarter.

Based on early second-quarter trends and infrastructure investments, Off The Hook Yachts raised full-year 2026 revenue guidance to $165–$170 million, up from $155–$160 million. Management cited strong pre-owned sales momentum and enhanced capacity from the Apex Marine acquisition as key drivers for the updated forecast.