Filing Flows › Fox Factory Holding (FOXF) › Q1 2025
Fox Factory Holding (FOXF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Fox Factory Holding (FOXF) reported revenue of $355M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.6% from the quarter before. Operating margin was -70.6%, net loss $260M (73.2% of revenue).
Fox Factory Holding, Q1 2025: revenue $355M (+6% year over year), operating margin -70.6%, net loss $260M, operating cash flow $680K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $355M | +0.6% | +6% |
| Operating profit | −$251M | — | — |
| Net earnings | −$260M | — | — |
| Operating cash flow | $680K | -99% | -93% |
What changed
Revenue was $355.0M in Q1 2025, up 6% year over year and up 1% from the previous quarter. Powered Vehicles Group was the largest line at 34% of revenue. Aftermarket Applications Group added $10.1M year over year (up 10%), 47% of the total change.
Gross margin was 30.9%, unchanged from a year earlier. Operating costs exceeded revenue by $250.6M, an operating margin of -70.6%. Operating expenses grew 282% against revenue growth of 6%. The fastest-growing cost line was Other operating costs (+2330%). The quarter ended with a net loss of $259.7M, wider than the previous quarter's $179K loss.
Operating cash flow was $680K (down 93% year over year). Non-cash charges added back $22.6M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items added $234.4M. Capital expenditures of $7.2M exceeded it, leaving free cash flow of −$6.5M.
Questions
What was Fox Factory Holding's revenue in the first quarter 2025?
Fox Factory Holding (FOXF) reported revenue of $355M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.6% from the quarter before.
Was Fox Factory Holding profitable in the first quarter 2025?
Operating loss was $251M (-70.6% of revenue) and net loss $260M.