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OTC Markets Group (OTCM) investor relations material
OTC Markets Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Gross revenues for Q3 2025 reached $31.6 million, up 15% year-over-year, with net income at $8.6 million, and all business lines contributing to double-digit growth.
Operating profit margin improved by 220 basis points to 34.6%, with diluted GAAP EPS up 16% to $0.71 and adjusted diluted EPS up 19% to $1.06.
Key strategic initiatives included the launch of overnight trading and OTCID Basic Market, both showing strong early adoption and revenue impact.
Enhanced customer experience through a revamped otciq.com platform and integration of Canadian SEDAR data.
Special dividend of $1.75 per share and quarterly dividend of $0.18 per share declared, both payable in December.
Financial highlights
OTC Link revenues grew 23% year-over-year, driven by a 47% rise in transaction-based revenues from higher trading volumes.
Market Data Licensing revenues increased 15%, with professional user revenues up 30% and non-professional user revenues down 7%.
Corporate Services revenues rose 12%, with DNS product revenues up 48% due to the OTCID launch and price increases.
Operating expenses increased 8% to $17.9 million, mainly due to higher compensation, consulting, and IT costs; compensation and benefits comprised 62% of OpEx.
Adjusted EBITDA was $12.8 million, up 19%, and cash from operations increased to $13.3 million.
Outlook and guidance
Focus remains on client success, retention, and reducing churn, with ongoing investment in infrastructure and technology for overnight trading and digital assets.
Management is balancing profitability with investment in client value, service improvements, and regulatory compliance.
Strategic priorities include increasing the number of securities, growing user base, and expanding product usage.
Regulatory engagement and readiness for digital asset/tokenization opportunities as regulations evolve.
Quantify Pink company upgrades to OTCID.
What is driving the surge in OTC Link trading volumes?
Rationale for no Q3 share buybacks despite authorization?
Capital allocation for digital asset initiatives
Strategy for unmonetized Pink Limited companies
OTC Markets' operating margin philosophy
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Next OTC Markets Group earnings date
Q4 202511 Mar, 2026
Next OTC Markets Group earnings date
Q4 202511 Mar, 2026
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Frequently asked questions
OTC Markets Group Inc. is a U.S.-based financial market operator providing platforms for the trading of over-the-counter securities. The company operates three primary marketplaces: OTCQX, OTCQB, and Pink, offering issuers a venue for visibility and liquidity. OTC Markets Group facilitates trading, data distribution, and investor relations for public companies, broker-dealers, and investors. Its services include compliance tools, corporate disclosures, and financial data to support transparent and efficient trading. The company is headquartered in New York, New York, and its shares are listed on the OTCQX marketplace.
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