Third Quarter 2026 Highlights:
NEW YORK, Nov. 11, 2026 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced its financial results for the third quarter of 2026.
“The third quarter marked the first anniversary of establishing the OTCID Basic Market, and we are pleased to see it become an integral part of our market structure and product offering,” said R. Cromwell Coulson, President and Chief Executive Officer. “We also continued to evolve our trading platforms. As regulators establish clear rules of the road, we remain committed to helping our FINRA member broker-dealers, public company clients, and market data customers benefit from blockchain technology and lawful trading of tokenized stocks.”
“In the third quarter of 2026, we delivered continued revenue growth across all three business lines, resulting in a 7% increase in gross revenues,” said Antonia Georgieva, Chief Financial Officer. “OTC Link continued to benefit from higher trading volumes, while Corporate Services saw a higher average number of companies on our OTCQX and OTCQB markets. Market Data Licensing revenues increased, driven by price increases for certain licenses and subscriber growth. These results reflect continued momentum from the first half of the year.”
Third Quarter 2026 compared to Third Quarter 2025
Financial Highlights
| Three Months Ended September 30, | ||||||||||||||
| (in thousands, except shares and per share data) | 2026 | 2025 | % change | $ change | ||||||||||
| OTC Link | $ | 7,489 | $ | 6,420 | 17 | % | 1,069 | |||||||
| Market data licensing | 13,352 | 12,520 | 7 | % | 832 | |||||||||
| Corporate services | 13,004 | 12,695 | 2 | % | 309 | |||||||||
| Gross Revenues | 33,845 | 31,635 | 7 | % | 2,210 | |||||||||
| Net revenues | 32,861 | 30,659 | 7 | % | 2,202 | |||||||||
| Revenues less transaction-based expenses | 30,071 | 28,504 | 5 | % | 1,567 | |||||||||
| Operating expenses | 19,271 | 17,897 | 8 | % | 1,374 | |||||||||
| Income from operations | 10,800 | 10,607 | 2 | % | 193 | |||||||||
| Operating profit margin | 32.9% | 34.6% | ||||||||||||
| Income before provision for income taxes | 11,069 | 10,876 | 2 | % | 193 | |||||||||
| Net income | $ | 8,804 | $ | 8,558 | 3 | % | 246 | |||||||
| Diluted earnings per share | $ | 0.73 | $ | 0.71 | 3 | % | ||||||||
| Adjusted diluted earnings per share | $ | 1.07 | $ | 1.06 | 1 | % | ||||||||
| Weighted-average shares outstanding, diluted | 11,835,594 | 11,870,002 | - | |||||||||||
Dividend Declaration – Quarterly and Special Cash Dividend
OTC Markets Group announced today that its Board of Directors authorized and approved a special cash dividend of $1.75 per share of Class A Common Stock and a quarterly cash dividend of $0.30 per share of Class A Common Stock. The special dividend is payable on December 3, 2026, to stockholders of record on November 23, 2026. The ex-dividend date is November 23, 2026. The quarterly cash dividend is payable on December 17, 2026, to stockholders of record on December 3, 2026. The ex-dividend date is December 3, 2026.
Stock Buyback Program
The Company is authorized to purchase shares from time to time on the open market, from employees and consultants, and through block trades, in compliance with applicable law. During the third quarter of 2026, the Company purchased 2,917 shares at an average price of $52.21 per share.
On March 2, 2026, the Board of Directors refreshed the Company’s stock repurchase program, giving the Company authorization to repurchase up to 300,000 shares of the Company’s Class A Common Stock.
Non-GAAP Financial Measures
In addition to disclosing results prepared in accordance with GAAP, the Company also discloses certain non-GAAP results of operations, including adjusted EBITDA and adjusted diluted earnings per share that either exclude or include amounts that are described in the reconciliation table of GAAP to non-GAAP information provided at the end of this release. Non-GAAP financial measures do not replace and are not superior to the presentation of GAAP financial results but are provided to improve overall understanding of the Company’s current financial performance. Management believes that this non-GAAP information is useful to both management and investors regarding certain additional financial and business trends related to the operating results. Management uses this non-GAAP information, along with GAAP information, in evaluating its historical operating performance.
Third Quarter 2026 Conference Call
The Company will host a conference call and webcast on Thursday, November 12, 2026, at 8:30 a.m. Eastern Time, during which management will discuss the financial results in further detail.
Webcast:
The conference webcast and management presentation can be accessed at the following link (replay available until November 11, 2027):
https://edge.media-server.com/mmc/p/muskm5zf
Live Call:
Participants intending to ask a question during the live call and Q&A session should also register in advance at:
https://register-conf.media-server.com/register/BIaca795d0bd1e47659fcc088dba1f6b2a
Upon registration, participants will receive a dial-in number along with a unique PIN number that can be used to access the live call. Live call participants may also select a “Call Me” option.
The Quarterly Report, earnings release, transcript of the earnings call, and management presentation will also be available in the Investor Relations section of our corporate website at
www.otcmarkets.com/about/investor-relations.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID® Basic Market, and Pink LimitedTM Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN, OTC Link NQB, OTC Overnight® and MOON ATS® are each an SEC-regulated ATS, operated by OTC Link LLC, a FINRA and SEC-registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
Investor Contact:
Antonia Georgieva
Chief Financial Officer
Phone: (212) 220-2215
Email: ir@otcmarkets.com
Media Contact:
OTC Markets Group Inc.
Phone: (212) 896-4428
Email: media@otcmarkets.com
| OTC MARKETS GROUP INC. | |||||||
| CONDENSED CONSOLIDATED STATEMENTS OF INCOME | |||||||
| (in thousands, except share and per share information) | |||||||
| Three Months Ended September 30, | |||||||
| 2026 | 2025 | ||||||
| OTC Link | $ | 7,489 | $ | 6,420 | |||
| Market data licensing | 13,352 | 12,520 | |||||
| Corporate services | 13,004 | 12,695 | |||||
| Gross revenues | 33,845 | 31,635 | |||||
| Redistribution fees and rebates | (984 | ) | (976 | ) | |||
| Net revenues | 32,861 | 30,659 | |||||
| Transaction-based expenses | (2,790 | ) | (2,155 | ) | |||
| Revenues less transaction-based expenses | 30,071 | 28,504 | |||||
| Operating expenses | |||||||
| Compensation and benefits | 11,617 | 11,162 | |||||
| IT Infrastructure and information services | 3,362 | 2,896 | |||||
| Professional and consulting fees | 2,253 | 1,916 | |||||
| Marketing and advertising | 373 | 368 | |||||
| Occupancy costs | 650 | 629 | |||||
| Depreciation and amortization | 555 | 635 | |||||
| General, administrative and other | 461 | 291 | |||||
| Total operating expenses | 19,271 | 17,897 | |||||
| Income from operations | 10,800 | 10,607 | |||||
| Other income | |||||||
| Interest income | 269 | 269 | |||||
| Income before provision for income taxes | 11,069 | 10,876 | |||||
| Provision for income taxes | 2,265 | 2,318 | |||||
| Net Income | $ | 8,804 | $ | 8,558 | |||
| Earnings per share | |||||||
| Basic | $ | 0.73 | $ | 0.71 | |||
| Diluted | $ | 0.73 | $ | 0.71 | |||
| Basic weighted average shares outstanding | 11,770,348 | 11,778,799 | |||||
| Diluted weighted average shares outstanding | 11,835,594 | 11,870,002 | |||||
| Non-GAAP Reconciliation | |||||||
| Three Months Ended September 30, | |||||||
| 2026 | 2025 | ||||||
| Net Income | $ | 8,804 | $ | 8,558 | |||
| Excluding: | |||||||
| Interest expense (income) | (269 | ) | (269 | ) | |||
| Provision for income taxes | 2,265 | 2,318 | |||||
| Depreciation and amortization | 555 | 635 | |||||
| Stock-based compensation expense | 1,546 | 1,587 | |||||
| Adjusted EBITDA | $ | 12,901 | $ | 12,829 | |||
| Adjusted diluted earnings per share | $ | 1.07 | $ | 1.06 | |||
| Note: We use non-GAAP financial measures of operating performance. Non-GAAP measures do not replace and are not superior to the presentation of our GAAP financial results, but are provided to improve overall understanding of the Company's current financial performance. | |||||||
| OTC MARKETS GROUP INC. | |||||||
| CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
| (in thousands, except share information) | |||||||
| September 30, | December 31, | ||||||
| 2026 | 2025 | ||||||
| Assets | |||||||
| Current assets | |||||||
| Cash and cash equivalents | $ | 53,036 | $ | 49,231 | |||
| Short-term investments | 5,191 | 5,047 | |||||
| Accounts receivable, net of allowance for credit losses of $282 and $267 | 9,708 | 9,053 | |||||
| Prepaid income taxes | 1,314 | 249 | |||||
| Prepaid expenses and other current assets | 2,264 | 2,361 | |||||
| Total current assets | 71,513 | 65,941 | |||||
| Property and equipment, net | 4,736 | 5,557 | |||||
| Operating lease right-of-use assets | 9,621 | 9,508 | |||||
| Deferred tax assets, net | 5,741 | 6,809 | |||||
| Goodwill | 3,984 | 3,984 | |||||
| Intangible assets, net | 5,825 | 6,247 | |||||
| Long-term restricted cash | 1,856 | 1,606 | |||||
| Other assets | 1,005 | 457 | |||||
| Total Assets | $ | 104,281 | $ | 100,109 | |||
| Liabilities and stockholders' equity | |||||||
| Current liabilities | |||||||
| Accounts payable | $ | 1,645 | $ | 1,184 | |||
| Income taxes payable | 1,671 | 138 | |||||
| Accrued expenses and other current liabilities | 13,685 | 14,884 | |||||
| Deferred revenue | 24,348 | 33,640 | |||||
| Total current liabilities | 41,349 | 49,846 | |||||
| Income tax reserve | 1,171 | 1,050 | |||||
| Deferred compensation | 475 | - | |||||
| Operating lease liabilities | 8,960 | 8,748 | |||||
| Total Liabilities | 51,955 | 59,644 | |||||
| Commitments and contingencies | |||||||
| Stockholders' equity | |||||||
| Common stock - par value $0.01 per share | |||||||
| Class A - 17,000,000 authorized, 12,997,666 issued, 11,988,725 outstanding at September 30, 2026; 12,912,423 issued, 12,020,991 outstanding at December 31, 2025 | 130 | 129 | |||||
| Additional paid-in capital | 45,938 | 41,364 | |||||
| Retained earnings | 38,265 | 24,644 | |||||
| Treasury stock - 1,008,941 shares at September 30, 2026 and 891,432 shares at December 31, 2025 | (32,007 | ) | (25,672 | ) | |||
| Total Stockholders' Equity | 52,326 | 40,465 | |||||
| Total Liabilities and Stockholders' Equity | 104,281 | 100,109 | |||||