Balance Sheet OTC Markets Group Inc.

Equities

OTCM

US67106F1084

Financial & Commodity Market Operators

Market Closed - OTC Markets Other stock markets 14:03:48 2026-04-17 EDT			5-day change	1st Jan Change
54.95 ^USD	+2.71%		+2.17%	+7.12%

03-05	OTC Markets Group Inc., Q4 2025 Earnings Call, Mar 05, 2026
03-04	OTC Markets Group Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2025	CI

bcf4a34626b4700.LhiJb46dHmuyByyZVMkuvy7iqBCOoPfD_1dPkVls8zM.fG3-VvilKF3oVVqsI6Rsh1ul-yK4kpmSpiQ75QwEtAFJWsgM66htI_xtXw

Published financial data: OTC MARKETS GROUP INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	99.91M	102M	107M	108M	121M
Other Revenues, Total	-9.27M	-5.85M	-5.52M	-6.65M	-9.25M
Total Revenues	90.64M	96.2M	101M	101M	112M
Cost of Goods Sold, Total	-	37.58M	42.47M	44.12M	46.43M
Gross Profit	90.64M	58.62M	58.67M	57.11M	65.65M
Selling General & Admin Expenses, Total	50.83M	19.7M	23.6M	22.22M	24.86M
Depreciation & Amortization - (IS)	1.8M	2.09M	2.4M	2.68M	2.56M
Other Operating Expenses, Total	52.62M	21.8M	26M	24.9M	27.42M
Operating Income	38.02M	36.82M	32.67M	32.21M	38.24M
Interest And Investment Income	1K	155K	844K	944K	951K
Net Interest Expenses	1K	155K	844K	944K	951K
Other Non Operating Income (Expenses)	-52K	-10K	59K	-14K	2K
EBT, Excl. Unusual Items	37.96M	36.97M	33.57M	33.14M	39.19M
Merger & Related Restructuring Charges	-	-	-73K	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	37.96M	36.97M	33.5M	33.14M	39.19M
Income Tax Expense	7.49M	6.15M	5.84M	5.78M	8.05M
Earnings From Continuing Operations	30.48M	30.81M	27.66M	27.36M	31.14M
Net Income to Company	30.48M	30.81M	27.66M	27.36M	31.14M
Net Income - (IS)	30.48M	30.81M	27.66M	27.36M	31.14M
Preferred Dividend and Other Adjustments	710K	688K	611K	568K	628K
Net Income to Common Incl Extra Items	29.77M	30.13M	27.05M	26.79M	30.51M
Net Income to Common Excl. Extra Items	29.77M	30.13M	27.05M	26.79M	30.51M
Per Share Items
Net EPS - Basic	2.59	2.6	2.32	2.29	2.59
Basic EPS - Continuing Operations	2.59	2.6	2.32	2.29	2.59
Basic Weighted Average Shares Outstanding	11.51M	11.6M	11.66M	11.72M	11.77M
Net EPS - Diluted	2.52	2.53	2.28	2.26	2.58
Diluted EPS - Continuing Operations	2.52	2.53	2.28	2.26	2.58
Diluted Weighted Average Shares Outstanding	11.81M	11.89M	11.86M	11.84M	11.85M
Normalized Basic EPS	2.06	1.99	1.8	1.77	2.08
Normalized Diluted EPS	2.01	1.94	1.77	1.75	2.07
Dividend Per Share	0.66	0.72	0.72	0.72	0.72
Payout Ratio	25.51	27.74	31.05	31.5	27.79
Supplemental Items
EBITDA	39.81M	38.91M	35.06M	34.89M	40.8M
EBITA	38.02M	37.21M	33.25M	32.79M	38.82M
EBIT	38.02M	36.82M	32.67M	32.21M	38.24M
EBITDAR	42.16M	41.17M	37.42M	37.26M	43.35M
Total Revenues (As Reported)	90.64M	96.2M	101M	101M	112M
Effective Tax Rate - (Ratio)	19.73	16.64	17.42	17.45	20.55
Current Domestic Taxes	7.53M	10.61M	8.66M	8.22M	4.74M
Current Foreign Taxes	2K	5K	13K	-14K	-
Total Current Taxes	7.53M	10.62M	8.67M	8.21M	4.74M
Deferred Domestic Taxes	-41K	-4.46M	-2.83M	-2.41M	3.3M
Deferred Foreign Taxes	-3K	-3K	-6K	-20K	6K
Total Deferred Taxes	-44K	-4.47M	-2.84M	-2.43M	3.31M
Normalized Net Income	23.73M	23.1M	20.98M	20.71M	24.49M
Supplemental Operating Expense Items
Marketing Expenses	1.03M	1.3M	1.19M	1.37M	1.64M
Selling and Marketing Expenses	1.03M	1.3M	1.19M	1.37M	1.64M
General and Administrative Expenses	13.4M	16.14M	20.05M	18.48M	20.66M
Net Rental Expense, Total	2.35M	2.26M	2.36M	2.37M	2.56M
Stock-Based Comp., COGS (Total)	-	4.17M	5.67M	6.15M	6.54M
Stock-Based Comp., G&A Exp. (Total)	163K	176K	184K	218K	246K
Stock-Based Comp., SG&A Exp. (Total)	3.17M	-	-	-	-
Stock-Based Comp., Other (Total)	-	-	1K	-	-
Total Stock-Based Compensation	3.33M	4.34M	5.86M	6.37M	6.79M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	50.39M	37.37M	34.1M	34.52M	49.23M
Short Term Investments	-	-	3.62M	4.51M	5.05M
Total Cash And Short Term Investments	50.39M	37.37M	37.72M	39.04M	54.28M
Accounts Receivable, Total	7.4M	9.48M	7.68M	8.1M	9.05M
Total Receivables	7.4M	9.48M	7.68M	8.1M	9.05M
Prepaid Expenses	1.36M	1.47M	1.86M	2.24M	2.36M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	790K	59K	1.32M	244K	249K
Total Current Assets	59.95M	48.38M	48.59M	49.61M	65.94M
Gross Property Plant And Equipment	27.58M	31.14M	30.78M	29.28M	27.65M
Accumulated Depreciation	-7.64M	-8.87M	-10.03M	-11.24M	-12.58M
Net Property Plant And Equipment	19.94M	22.27M	20.75M	18.05M	15.06M
Goodwill	251K	3.98M	3.98M	3.98M	3.98M
Other Intangibles, Total	40K	7.99M	7.41M	6.83M	6.25M
Deferred Tax Assets Long-Term	387K	4.85M	7.69M	10.12M	6.81M
Other Long-Term Assets, Total	1.69M	2.14M	2.09M	2.15M	2.06M
Total Assets	82.26M	89.62M	90.52M	90.74M	100M
Liabilities
Accounts Payable, Total	962K	1.68M	2.15M	1.18M	1.18M
Accrued Expenses, Total	10.45M	11.21M	12.01M	11.32M	12.77M
Current Portion of Leases	1.91M	1.93M	2.05M	2.11M	2.11M
Current Income Taxes Payable	13K	567K	141K	54K	138K
Unearned Revenue Current, Total	28.43M	30.46M	29.27M	29.08M	33.64M
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities	41.76M	45.85M	45.62M	43.74M	49.85M
Long-Term Leases	14.55M	13.31M	11.9M	10.36M	8.75M
Other Non Current Liabilities	989K	657K	778K	927K	1.05M
Total Liabilities	57.3M	59.81M	58.3M	55.02M	59.64M
Common Stock, Total	125K	126K	127K	128K	129K
Additional Paid In Capital	21.68M	24.85M	29.47M	35.13M	41.36M
Retained Earnings	16.79M	21.25M	22.42M	23.2M	24.64M
Treasury Stock	-13.64M	-16.42M	-19.79M	-22.74M	-25.67M
Total Common Equity	24.95M	29.8M	32.23M	35.72M	40.46M
Total Equity	24.95M	29.8M	32.23M	35.72M	40.46M
Total Liabilities And Equity	82.26M	89.62M	90.52M	90.74M	100M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	11.58M	11.65M	11.71M	11.76M	11.79M
ECS Total Common Shares Outstanding	11.53M	11.61M	11.67M	11.73M	11.78M
Book Value / Share	2.16	2.57	2.76	3.04	3.44
Tangible Book Value	24.66M	17.83M	20.83M	24.9M	30.23M
Tangible Book Value Per Share	2.14	1.54	1.79	2.12	2.57
Total Debt	16.46M	15.24M	13.95M	12.47M	10.86M
Net Debt	-33.94M	-22.12M	-23.78M	-26.57M	-43.42M
Debt Equivalent Oper. Leases	18.78M	18.06M	18.88M	18.95M	20.46M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	7.11M	7.57M	7.85M	7.81M	7.71M
Full Time Employees	107	131	134	134	130
Accumulated Allowance for Doubtful Accounts (Supple)	244K	638K	451K	326K	267K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	30.48M	30.81M	27.66M	27.36M	31.14M
Depreciation & Amortization - CF	1.8M	1.7M	1.82M	2.1M	1.98M
Amortization of Goodwill and Intangible Assets - (CF)	-	387K	582K	582K	582K
Depreciation & Amortization, Total	1.8M	2.09M	2.4M	2.68M	2.56M
(Gain) Loss From Sale Of Asset	-	-	31K	13K	1K
Stock-Based Compensation (CF)	3.33M	4.34M	5.86M	6.37M	6.79M
Tax Benefit from Stock Options	-949K	-1.09M	-815K	-417K	-322K
Provision and Write-off of Bad Debts	52K	260K	367K	-13K	3K
Other Operating Activities, Total	-44K	-4.47M	-2.84M	-2.43M	3.31M
Change In Accounts Receivable	-847K	-1.27M	1.44M	-404K	-959K
Change In Accounts Payable	-277K	320K	219K	-455K	-212K
Change in Unearned Revenues	9.67M	388K	-1.19M	-183K	4.56M
Change In Income Taxes	700K	2.04M	-755K	1.56M	524K
Change in Other Net Operating Assets	2.55M	247K	661K	-1.21M	1.25M
Cash from Operations	46.46M	33.68M	33.04M	32.87M	48.64M
Capital Expenditure	-1.4M	-1.44M	-1.57M	-1.3M	-220K
Cash Acquisitions	-	-14.95M	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-3.62M	-891K	-534K
Cash from Investing	-1.4M	-16.39M	-5.19M	-2.19M	-754K
Issuance of Common Stock	8K	61K	1K	87K	17K
Repurchase of Common Stock	-2.95M	-4.02M	-4.62M	-3.74M	-3.5M
Common Dividends Paid	-7.77M	-8.55M	-8.59M	-8.62M	-8.65M
Common & Preferred Stock Dividends Paid	-7.77M	-8.55M	-8.59M	-8.62M	-8.65M
Special Dividend Paid	-17.69M	-17.81M	-17.89M	-17.97M	-21.04M
Other Financing Activities, Total	1K	-	-	-	-
Cash from Financing	-28.4M	-30.31M	-31.1M	-30.24M	-33.18M
Net Change in Cash	16.66M	-13.02M	-3.25M	441K	14.71M
Supplemental Items
Cash Income Tax Paid (Refund)	7.82M	9.67M	10.24M	7.07M	4.54M
Levered Free Cash Flow	37.99M	30.61M	26.91M	26.23M	38.04M
Unlevered Free Cash Flow	37.99M	30.61M	26.91M	26.23M	38.04M
Change In Net Working Capital	-10.5M	-2.6M	197K	1.65M	-5.02M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	32.31	26.78	22.67	22.21	25.04
Return on Total Capital	61.51	53.23	44.76	42.67	48.03
Return On Equity %	136.97	112.55	89.18	80.54	81.74
Return on Common Equity	133.78	110.03	87.21	78.86	80.09
Margin Analysis
Gross Profit Margin %	100	60.93	58.01	56.41	58.57
SG&A Margin	56.08	20.48	23.34	21.95	22.18
EBITDA Margin %	43.92	40.45	34.67	34.47	36.4
EBITA Margin %	41.94	38.68	32.88	32.39	34.63
EBIT Margin %	41.94	38.28	32.3	31.82	34.11
Income From Continuing Operations Margin %	33.62	32.03	27.35	27.03	27.78
Net Income Margin %	33.62	32.03	27.35	27.03	27.78
Net Avail. For Common Margin %	32.84	31.32	26.75	26.47	27.22
Normalized Net Income Margin	26.18	24.02	20.75	20.46	21.85
Levered Free Cash Flow Margin	41.92	31.82	26.61	25.91	33.94
Unlevered Free Cash Flow Margin	41.92	31.82	26.61	25.91	33.94
Asset Turnover
Asset Turnover	1.23	1.12	1.12	1.12	1.17
Fixed Assets Turnover	4.52	4.56	4.7	5.22	6.77
Receivables Turnover (Average Receivables)	14.26	12.08	12.43	13.68	14.15
Short Term Liquidity
Current Ratio	1.44	1.06	1.07	1.13	1.32
Quick Ratio	1.38	1.02	1	1.08	1.27
Operating Cash Flow to Current Liabilities	1.11	0.73	0.72	0.75	0.98
Days Sales Outstanding (Average Receivables)	25.6	30.2	29.37	26.76	25.8
Average Days Payable Outstanding	-	12.85	16.48	13.8	9.27
Long Term Solvency
Total Debt/Equity	65.96	51.14	43.28	34.9	26.84
Total Debt / Total Capital	39.74	33.84	30.21	25.87	21.16
LT Debt/Equity	58.3	44.66	36.91	29.01	21.62
Long-Term Debt / Total Capital	35.13	29.54	25.76	21.5	17.04
Total Liabilities / Total Assets	69.66	66.74	64.4	60.64	59.58
Total Debt / EBITDA	0.39	0.37	0.37	0.33	0.25
Net Debt / EBITDA	-0.8	-0.54	-0.64	-0.71	-1
Total Debt / (EBITDA - Capex)	0.4	0.38	0.39	0.35	0.25
Net Debt / (EBITDA - Capex)	-0.83	-0.56	-0.66	-0.74	-1.01
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	38.6	6.14	5.13	0.1	10.72
Gross Profit, 1 Yr. Growth %	38.6	3.58	0.09	-2.65	14.96
EBITDA, 1 Yr. Growth %	71.64	-2.26	-9.89	-3.59	16.92
EBITA, 1 Yr. Growth %	77.36	-2.13	-10.64	-4.6	18.37
EBIT, 1 Yr. Growth %	77.36	-3.14	-11.28	-4.68	18.7
Earnings From Cont. Operations, 1 Yr. Growth %	66.77	1.11	-10.23	-1.09	13.8
Net Income, 1 Yr. Growth %	66.77	1.11	-10.23	-1.09	13.8
Normalized Net Income, 1 Yr. Growth %	77.35	-2.63	-9.19	-4.48	18.24
Diluted EPS Before Extra, 1 Yr. Growth %	64.31	0.56	-10.04	-0.88	14.16
Accounts Receivable, 1 Yr. Growth %	12.03	28.11	-19.03	5.43	11.81
Net Property, Plant and Equip., 1 Yr. Growth %	-1.35	11.71	-6.82	-13.04	-16.52
Total Assets, 1 Yr. Growth %	26.92	8.95	1.01	0.24	10.32
Tangible Book Value, 1 Yr. Growth %	28.09	-27.72	16.86	19.55	21.4
Common Equity, 1 Yr. Growth %	27.67	19.44	8.13	10.83	13.29
Cash From Operations, 1 Yr. Growth %	78.59	-27.5	-1.91	-0.49	47.96
Capital Expenditures, 1 Yr. Growth %	34.91	3.44	8.59	-16.98	-83.09
Levered Free Cash Flow, 1 Yr. Growth %	86.76	-19.42	-12.1	-5	45.03
Unlevered Free Cash Flow, 1 Yr. Growth %	86.76	-19.42	-12.1	-5	45.03
Dividend Per Share, 1 Yr. Growth %	10	9.09	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	23.32	21.29	5.63	2.58	5.28
Gross Profit, 2 Yr. CAGR %	23.32	26.72	1.82	-1.29	5.79
EBITDA, 2 Yr. CAGR %	43.35	29.52	-6.15	-5.94	7.98
EBITA, 2 Yr. CAGR %	45.81	31.75	-6.48	-6.78	8.17
EBIT, 2 Yr. CAGR %	45.81	31.07	-7.3	-7.13	8.31
Earnings From Cont. Operations, 2 Yr. CAGR %	42.82	29.85	-4.73	-5.77	6.1
Net Income, 2 Yr. CAGR %	42.82	29.85	-4.73	-5.77	6.1
Normalized Net Income, 2 Yr. CAGR %	45.29	31.41	-5.97	-5.98	8.16
Diluted EPS Before Extra, 2 Yr. CAGR %	42.19	28.54	-4.89	-5.57	6.38
Accounts Receivable, 2 Yr. CAGR %	19.82	19.8	1.85	-7.61	8.57
Net Property, Plant and Equip., 2 Yr. CAGR %	-5.73	4.97	2.02	-9.98	-14.8
Total Assets, 2 Yr. CAGR %	16.74	17.59	4.91	0.63	5.16
Tangible Book Value, 2 Yr. CAGR %	19.12	-3.78	-8.09	18.19	20.47
Common Equity, 2 Yr. CAGR %	18.83	23.48	13.64	9.47	12.05
Cash From Operations, 2 Yr. CAGR %	47.29	13.79	-15.67	-1.21	21.34
Capital Expenditures, 2 Yr. CAGR %	-46.38	18.13	5.99	-5.05	-62.53
Levered Free Cash Flow, 2 Yr. CAGR %	75.64	22.67	-15.84	-7.93	19
Unlevered Free Cash Flow, 2 Yr. CAGR %	75.64	22.67	-15.84	-7.93	19
Dividend Per Share, 2 Yr. CAGR %	4.88	9.54	4.45	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.09	17.3	15.64	3.75	5.23
Gross Profit, 3 Yr. CAGR %	17.09	-0.56	17.14	0.31	3.85
EBITDA, 3 Yr. CAGR %	24.39	26.17	14.77	-4.3	1.13
EBITA, 3 Yr. CAGR %	24.51	27.67	15.76	-4.81	0.95
EBIT, 3 Yr. CAGR %	24.62	27.22	15.08	-5.37	0.79
Earnings From Cont. Operations, 3 Yr. CAGR %	23.35	27.29	14.82	-3.53	0.35
Net Income, 3 Yr. CAGR %	23.35	27.29	14.82	-3.53	0.35
Normalized Net Income, 3 Yr. CAGR %	24.32	27.14	16.18	-4.43	1.48
Diluted EPS Before Extra, 3 Yr. CAGR %	22.74	26.69	14.13	-3.57	0.6
Accounts Receivable, 3 Yr. CAGR %	14.43	22.52	5.13	3.03	-1.54
Net Property, Plant and Equip., 3 Yr. CAGR %	115.94	-0.24	0.89	-3.27	-12.22
Total Assets, 3 Yr. CAGR %	25.46	14.08	11.78	3.33	3.76
Tangible Book Value, 3 Yr. CAGR %	15.28	0.85	2.66	0.32	19.25
Common Equity, 3 Yr. CAGR %	15	19.03	18.14	12.7	10.73
Cash From Operations, 3 Yr. CAGR %	27.17	16.3	8.29	-10.89	13.03
Capital Expenditures, 3 Yr. CAGR %	36.46	-33.25	14.86	-2.3	-46.58
Levered Free Cash Flow, 3 Yr. CAGR %	29.57	35.46	9.77	-11.62	7.13
Unlevered Free Cash Flow, 3 Yr. CAGR %	29.57	35.46	9.77	-11.62	7.13
Dividend Per Share, 3 Yr. CAGR %	4.4	6.27	6.27	2.94	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.29	13.02	12.37	11.18	11.38
Gross Profit, 5 Yr. CAGR %	13.29	2.36	0.77	-0.85	12.46
EBITDA, 5 Yr. CAGR %	16.52	14.63	11.13	12.49	11.96
EBITA, 5 Yr. CAGR %	17.56	15.21	11.04	12.9	12.61
EBIT, 5 Yr. CAGR %	17.56	15	10.71	12.49	12.27
Earnings From Cont. Operations, 5 Yr. CAGR %	23.69	19.66	11.24	12.86	11.25
Net Income, 5 Yr. CAGR %	23.69	19.66	11.24	12.86	11.25
Normalized Net Income, 5 Yr. CAGR %	17.52	15.03	11.18	13	12.85
Diluted EPS Before Extra, 5 Yr. CAGR %	22.76	19.08	10.84	12.64	10.96
Accounts Receivable, 5 Yr. CAGR %	3.41	8.02	9.22	9.44	6.5
Net Property, Plant and Equip., 5 Yr. CAGR %	54.31	61.65	59.99	-4.26	-5.71
Total Assets, 5 Yr. CAGR %	17.55	19.8	16.8	8.5	9.09
Tangible Book Value, 5 Yr. CAGR %	10.14	5.83	5.29	7.46	9.44
Common Equity, 5 Yr. CAGR %	9.98	16.66	14.45	15.11	15.67
Cash From Operations, 5 Yr. CAGR %	24.17	15.36	7.9	8.95	13.33
Capital Expenditures, 5 Yr. CAGR %	27.44	6.26	23.34	-23.15	-26.62
Levered Free Cash Flow, 5 Yr. CAGR %	19.61	17.16	9.03	16.33	13.34
Unlevered Free Cash Flow, 5 Yr. CAGR %	19.61	17.16	9.03	16.33	13.34
Dividend Per Share, 5 Yr. CAGR %	3.34	5.15	4.42	3.71	3.71