OTC Markets Group Inc
OTC:OTCM

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OTC Markets Group Inc
OTC:OTCM
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Price: 54 USD 0.45% Market Closed
Market Cap: $649.1m

OTC Markets Group Inc
Investor Relations

OTC Markets Group, Inc. engages in the provision of trading, corporate, and market data services. The company is headquartered in New York City, New York. The company went IPO on 2009-09-16. Through its OTC Link Alternative Trading Systems (ATSs), the Company connects a diverse network of broker-dealers that provide liquidity and execution services. The company enables investors to trade through the broker of their choice and allow companies to improve the information for investors. The company has three business lines: OTC Link, Market Data Licensing and Corporate Services. Its OTC Link LLC operates three ATSs, OTC Link ATS, OTC Link ECN and OTC Link NQB, which provide trading services to a Financial Industry Regulatory Authority, Inc. (FINRA) member broker-dealer subscribers. Market Data Licensing provides investors, traders, institutions and regulators with a suite of enterprise and user market data licenses. Its Corporate Services operates OTCQX and OTCQB that offers disclosure and information services.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 5, 2026
AI Summary
Q4 2025

Revenue: Gross revenues reached $125.3 million for 2025, up 13% year-over-year; Q4 gross revenues were $32.7 million, up 15% year-over-year.

Profitability: Operating margin expanded to 31.5% for the full year and 36.3% in Q4; diluted EPS was $2.58 for 2025, up from $2.26.

Growth drivers: OTC Link (+17%), Market Data (+15%) and Corporate Services (+8%) all contributed to the year’s growth, with market data benefiting from price increases implemented at the start of 2025.

OTCID & Corporate Services: OTCID launched July 1, 2025 and quickly scaled (1,052 OTCID companies at year-end); connected companies (OTCQX/OTCQB/OTCID) represented ~25% of securities and ~31% of dollar volume in Q4.

Moon ATS / Overnight trading: Moon saw meaningful traction in Q4 for overnight trading in exchange-listed names; management expects some NMS overnight activity this year but notes industry-wide complexity and competition.

Capital allocation: Board raised the quarterly dividend to $0.30 per share (declared March 2) and will opportunistically resume market buybacks; returned $32.6 million to investors in 2025.

Tokenization & regulation: OTC Markets is preparing to support lawful tokenized securities and is engaged with regulators, but will await clarity before broad deployment.

Key Financials
Gross revenue (full year)
$125.3 million
Gross revenue (Q4)
$32.7 million
OTC Link revenue (full year)
not separately stated as absolute dollar in call (growth noted)
Market data revenue (full year)
not separately stated as absolute dollar in call (growth noted)
Corporate Services revenue (full year)
not separately stated as absolute dollar in call (growth noted)
Operating margin (full year)
31.5%
Operating margin (Q4)
36.3%
Diluted earnings per share
$2.58
Adjusted EBITDA (full year)
$47.6 million
Adjusted diluted earnings per share
$3.94
Cash flows from operating activities
$48.6 million
Free cash flow
$48.4 million
Returned to investors (dividends & buybacks)
$32.6 million
Quarterly dividend (declared)
$0.30 per share
OTC Link ECM subscribers (end of period)
117
OTC Link ATS subscribers (end of period)
77
Unique ATS subscribers (end of 2025)
145
OTCQX companies (end of period)
574
OTCQB companies (end of period)
1,106
OTCID companies (as of December 31, 2025)
1,052
Connected companies + Pink Limited subscribers to DNS and other products (end of Q4)
1,508
Operating expenses (full year)
not separately stated as absolute dollar in call (growth noted)
Operating expenses (Q4)
not separately stated as absolute dollar in call (growth noted)
Compensation & benefits (Q4 share of operating expenses)
61%
Compensation & benefits (full year share of operating expenses)
63%
Transaction-based expenses (full year)
not separately stated as absolute dollar in call (growth noted)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Robert Cromwell Coulson
President, CEO & Director
No Bio Available
Ms. Antonia Georgieva
Chief Financial Officer
No Bio Available
Mr. Bruce Ostrover
Chief Technology Officer
No Bio Available
Ms. Lisabeth Heese
Executive Vice President of Issuer & Information Services
No Bio Available
Mr. Daniel Zinn J.D.
Chief of Staff, General Counsel & Corporate Secretary
No Bio Available
Mr. Jason L. Paltrowitz
Executive Vice President of Corporate Services
No Bio Available
Mr. Matthew Fuchs
Executive Vice President of Market Data Licensing
No Bio Available
Mr. Michael Richard Modeski
President of OTC Link LLC
No Bio Available
Ms. Kristie Harkins
Chief Marketing Officer
No Bio Available
Mr. Bob Power
Senior Vice President of Corporate Services
No Bio Available

Contacts

Address
NEW YORK
New York City
300 Vesey Street, 12th Floor
Contacts
+12128964400.0
www.otcmarkets.com
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