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OTC Markets Group OTCM

OTC Markets Group creates better-informed and more efficient markets. Alternative trading systems, market data licensing, and corporate services are part of the OTC business model.

Ticker
OTCM
Headquarters
New York, New York
CEO
Cromwell Coulson
IPO year
OTC Markets
Sector
Trading, Market Data, Corporate Services
Website
otcmarkets.com
Management
Team & leadership ↗

Notes & Takes

"Cromwell Coulson, the CEO of OTC Markets Group, is a slow talker, he really takes his time thinking through each point. He’s done a fantastic job growing the business since taking over in 1997.

A large percentage of companies listing OTC are foreign firms already trading on their home exchanges, looking to tap into U.S. investors without dealing with the heavy compliance requirements of the NYSE or Nasdaq.

The stock has been trading sideways since 2022."

Commentary: January 2026

Company Financials

Open the Google Sheet ↗

Quarterly Headlines

Full financial detail for each company lives in its Google Sheet, linked above. Best viewed on desktop.

OTC Markets Group Q2 2026

Jun 30, 2026

  • Revenues up 14%
  • Op income of $10.5 mill up 19%
  • Op profit margin of 31.1% vs. 29.9% last year
  • Net income of $8.6 mill up 17%
  • 585 OTCQX, 1101 OTCQB, 1037 OTCID
  • OTC link revenues up 27%
  • Market data licensing revenues up 6.7%
  • Corporate services revenues up 14%

OTC Markets Group Q1 2026

Mar 31, 2026

  • Revenues up 14%
  • Operating income of $8.6 mill up 19%
  • Diluted GAAP EPS of $0.79
  • $3.6 mill of dividends and $3.1 mill of share repurchases
  • 575 OTCQX, 1131 OTCQB and 1074 OTCID
  • OTC link revenues up 31%
  • Market data licensing revenue up 2%
  • corporate services revenue up 19%

OTC Markets Group Q4 2025

Dec 31, 2025

  • Revenues up 15%
  • OTC Link revenues up 7%, market data licensing up 17%, corporate services revenue up 17%
  • Operating income up 32% to $11.5 million
  • 574 OTCQX and 1106 OTCQB companies at year end
  • 1052 OTCID companies at year end (OTCID launched in July 2025 with 1035 companies)
  • Full year operating income of $38 million

OTC Markets Group Q3 2025

Sep 30, 2025

  • Revenues up 15%
  • Operating income of $10.6 mill up 23%
  • Net income of $8.6 mill up 15%
  • 553 OTCQX and 1,097 OTCQB companies at quarter end
  • 1,077 OTCID companies as of quarter end
  • OTC Link revenues up 23%, Market data licensing up 15%, Corporate revenue services up 12%

OTC Markets Group Q2 2025

Jun 30, 2025

  • Revenues up 11%
  • Operating income of $8.8 million up 8%
  • 29.9% operating profit margin
  • $2.2 million returned to shareholders by dividends
  • 556 OTCQX and 1,073 OTCQB at end of Q2
  • Launched OTCID with 1,035 companies as of July 2025
  • Revenues for OTC Link up 19%, Market data licensing up 14% and Corporate Services up 3%

OTC Markets Group Q1 2025

Mar 31, 2025

  • Our data driven disclosure standards form the foundation of our 3 public markets: OTCQX Best Market, OTCQB Venture Market, and the Pink Open Market
  • OTCID will launch in July 2025 which is for companies who do basic reporting and meet minimal information standards
  • Our overall gross revenues increased and saw a meaningful increase in trading activity compared to the prior year period resulting in a significant increase in transaction based revenues
  • Revenues up 10% YoY
  • Net income up 1% YoY

OTC Markets Group Q4 2024

Dec 31, 2024

  • Revenue up 3% YoY
  • Op income of $8.7 mill flat YoY
  • 567 OTCQX and 1050 OTCQB companies year end
  • 43 graduates to a national securities exchange in 2024
  • Full year:
  • Revenue up 1% YoY
  • Op income of $32 million down 1% YoY
  • Op profit margin 30% for the year
  • Net income $27.4 million down 1% YoY
  • Total cash returned to shareholders was $29.5 mill
  • $26.6 mill in dividends and repurchases of $2.9 mill
  • Launching OTCID in 2025. It'll be a basic reporting market for companies that meet a minimal current information standard and provide management certification. The Pink Market will cease to exist.

OTC Markets Group Q3 2024

Sep 30, 2024

  • Revenue up 1% YoY
  • Op income up 1% YoY
  • Profit margin of 32.4% vs. 32.7% YoY
  • Total cash returned to shareholders during the quarter $2.2 mill in the form of dividends
  • Special dividend of $1.50 per share and 4th quarter dividend of $0.18 per share
  • 566 OTCQX and 1062 OTCQB at quarter end
  • 7 graduates to a national securities exchange during the quarter
  • Pink Current will become OTCID - a basic reporting market for companies that meet a minimal current information standard and provide management certification
  • In September 2024 OTC launched OTC Overnight, a new offering for overnight trading in OTC equity securities