OTC Markets Group Reports Second Quarter 2026 Financial Results Delivering Strong Revenue, Operating Income, and Earnings Growth

Second Quarter 2026 Highlights:

• Gross revenues of $34.8 million for the quarter, up 14% versus the prior year period
• Operating income of $10.5 million for the quarter, up 19% versus the prior year period
• Operating profit margin of 31.1% for the quarter, versus 29.9% for the prior year period
• Net income of $8.6 million, up 17% versus the prior year period, and quarterly diluted GAAP EPS of $0.71, up 18%
• Total cash returned to shareholders during the quarter of $6.6 million, comprised of dividends of $3.6 million and repurchases of common shares of $3.0 million, a three-fold increase versus the prior year period
• Announcing third quarter 2026 dividend of $0.30 per share
• 585 OTCQX^® and 1,101 OTCQB^® companies at quarter end
• 1,037 OTCID^® companies at quarter end
• 144 unique OTC Link subscribers as of June 30, 2026, up 7 versus June 30, 2025
• Approximately 95,000 average daily trades on OTC Link ECN and OTC Link NQB during the quarter, versus approximately 63,000 during the prior year period
• Approximately 69,000 average trades and 7.8 million average shares per session on MOON ATS^®
• In July 2026, OTC Markets Group announced a proposed strategic alliance with BitGo Bank & Trust and a new integration with Elysium’s MatchHub platform to advance digital asset access

NEW YORK, Aug. 05, 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 second quarter of 2026.

“In the first half of 2026, we saw the benefits of launching our OTCID Basic Market and building out our overnight trading capability,” said R. Cromwell Coulson, President and Chief Executive Officer. “Our recently announced strategic alliances will allow us to connect digital asset trading and qualified custody infrastructure for blockchain native securities. As regulations rapidly develop for tokenized securities, OTC Link ATS, our Qualified Interdealer Quotation System, will support trading by our FINRA member broker-dealers and empower issuer innovation, investor access and regulatory compliance around these evolving technologies.”

“In the second quarter of 2026, we delivered strong financial results across all three business lines, with gross revenues increasing 14% and operating income rising 19% year over year, while expanding operating margin by 120 basis points,” said Antonia Georgieva, Chief Financial Officer. “OTC Link revenues increased as a result of significantly higher trading volumes. Corporate Services experienced strong growth, led by OTCID and supported by a higher average number of companies on our OTCQX and OTCQB markets. Market Data Licensing revenues also increased, driven by price increases for certain licenses and subscriber growth. These results reflect the strength of our business and our disciplined execution.”

Second Quarter 2026 compared to Second Quarter 2025

Financial Highlights

		Three Months Ended June 30,
(in thousands, except shares and per share data)			2026				2025			% change			$ change
OTC Link		$	8,211			$	6,447			27	%		1,764
Market data licensing			13,153				12,316			7	%		837
Corporate services			13,391				11,742			14	%		1,649
Gross Revenues			34,755				30,505			14	%		4,250
Net revenues			33,743				29,507			14	%		4,236
Revenues less transaction-based expenses			30,565				27,215			12	%		3,350
Operating expenses			20,077				18,384			9	%		1,693
Income from operations			10,488				8,831			19	%		1,657
Operating profit margin			31.1	%			29.9	%
Income before provision for income taxes			10,746				9,047			19	%		1,699
Net income		$	8,550			$	7,300			17	%		1,250
Diluted earnings per share		$	0.71			$	0.60			18	%
Adjusted diluted earnings per share		$	1.04			$	0.92			13	%
Weighted-average shares outstanding, diluted			11,842,592				11,830,514			–

• Gross revenues of $34.8 million, up 14% over the prior year quarter.   Revenues less transaction-based expenses up 12%.
• OTC Link revenues up 27%. Transaction-based revenues from OTC Link ECN, OTC Link NQB, and MOON ATS increased 47%, due to a higher volume of shares traded on these platforms.   Additionally, usage-based revenue from OTC Link ATS increased 6% primarily due to a higher number of messages.
• Market Data Licensing revenues up 7%. Redistributor-based revenues increased 8%, with professional user revenues increasing 6% and non-professional user revenues increasing 47% quarter over quarter. Revenues from direct sold licenses increased 10% primarily due to price increases for certain licenses and growth in subscribers. Revenues from data and compliance solutions increased 1%, primarily as a result of increases in revenues from data services and our Blue Sky data product, offsetting a decline in revenues from EDGAR Online.
• Corporate Services revenues up 14%. Revenues from our OTCQX market increased 9%, reflecting a higher average number of companies on the OTCQX market and price increases effective from the beginning of the year. OTCQB revenues increased 10% due to the same factors. Revenues from our OTCID market and from Pink Limited subscribers to the Disclosure & News Service^® (“DNS”) increased 32%. The July 1, 2025 launch of OTCID resulted in a substantial number of Pink^® companies upgrading to OTCID, which drove the increase in related revenues.
• Operating expenses increased 9%. The increase was primarily driven by a 54% increase in professional and consulting fees and 11% increase in IT infrastructure and information services costs. Professional and consulting fees reflect higher regulatory and clearing costs as a result of the increased trading volumes on OTC Link’s ATSs, as well as certain accruals related to a regulatory matter.   
• Operating income increased 19% and net income increased 17% to $10.5 million and $8.6 million, respectively.
• Adjusted EBITDA, which excludes non-cash stock-based compensation expense, increased 14% to $12.7 million, or $1.04 per adjusted diluted share.

Dividend Declaration – Quarterly Cash Dividend

OTC Markets Group announced today that its Board of Directors authorized and approved a quarterly cash dividend of $0.30 per share of Class A Common Stock. The quarterly cash dividend is payable on September 17, 2026, to stockholders of record on September 3, 2026.   The ex-dividend date is September 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 second quarter of 2026, the Company purchased 57,941 shares at an average price of $52.46 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.

Second Quarter 2026 Conference Call

The Company will host a conference call and webcast on Thursday, August 6, 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 August 5, 2027):

https://edge.media-server.com/mmc/p/jwkugj9p        

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/BI54a4d121e9f34659a633dada74a86487   

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 Limited™ 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 June 30,
		2026				2025
OTC Link	$	8,211			$	6,447
Market data licensing		13,153				12,316
Corporate services		13,391				11,742
Gross revenues		34,755				30,505
Redistribution fees and rebates		(1,012	)			(998	)
Net revenues		33,743				29,507
Transaction-based expenses		(3,178	)			(2,292	)
Revenues less transaction-based expenses		30,565				27,215
Operating expenses
Compensation and benefits		11,729				11,573
IT Infrastructure and information services		3,166				2,858
Professional and consulting fees		2,845				1,842
Marketing and advertising		472				438
Occupancy costs		720				668
Depreciation and amortization		564				656
General, administrative and other		581				349
Total operating expenses		20,077				18,384
Income from operations		10,488				8,831
Other income
Interest income		258				216
Income before provision for income taxes		10,746				9,047
Provision for income taxes		2,196				1,747
Net Income	$	8,550			$	7,300
Earnings per share
Basic	$	0.71			$	0.61
Diluted	$	0.71			$	0.60
Basic weighted average shares outstanding		11,799,504				11,769,861
Diluted weighted average shares outstanding		11,842,592				11,830,514
Non-GAAP Reconciliation
	Three Months Ended June 30,
		2026				2025
Net Income	$	8,550			$	7,300
Excluding:
Interest expense (income)		(258	)			(215	)
Provision for income taxes		2,196				1,747
Depreciation and amortization		564				656
Stock-based compensation expense		1,668				1,627
Adjusted EBITDA	$	12,720			$	11,115
Adjusted diluted earnings per share	$	1.04			$	0.92
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)
	June 30,				December 31,
		2026				2025
Assets
Current assets
Cash and cash equivalents	$	45,420			$	49,231
Short-term investments		4,973				5,047
Accounts receivable, net of allowance for credit losses of $282 and $267		9,775				9,053
Prepaid income taxes		942				249
Prepaid expenses and other current assets		2,777				2,361
Total current assets		63,887				65,941
Property and equipment, net		4,979				5,557
Operating lease right-of-use assets		8,759				9,508
Deferred tax assets, net		5,440				6,809
Goodwill		3,984				3,984
Intangible assets, net		5,963				6,247
Long-term restricted cash		1,856				1,606
Other assets		1,044				457
Total Assets	$	95,912			$	100,109
Liabilities and stockholders’ equity
Current liabilities
Accounts payable	$	1,503			$	1,184
Income taxes payable		257				138
Accrued expenses and other current liabilities		11,336				14,884
Deferred revenue		27,516				33,640
Total current liabilities		40,612				49,846
Income tax reserve		1,133				1,050
Deferred compensation		432				–
Operating lease liabilities		7,913				8,748
Total Liabilities		50,090				59,644
Commitments and contingencies
Stockholders’ equity
Common stock – par value $0.01 per share
Class A – 17,000,000 authorized, 12,992,763 issued, 11,986,739 outstanding at June 30, 2026; 12,912,423 issued, 12,020,991 outstanding at December 31, 2025		130				129
Additional paid-in capital		44,489				41,364
Retained earnings		33,058				24,644
Treasury stock – 1,006,024 shares at June 30, 2026 and 891,432 shares at December 31, 2025		(31,855	)			(25,672	)
Total Stockholders’ Equity		45,822				40,465
Total Liabilities and Stockholders’ Equity		95,912				100,109