Filing Flows › Fox Factory Holding (FOXF) › Q2 2025
Fox Factory Holding (FOXF) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 8, 2025
Fox Factory Holding (FOXF) reported revenue of $375M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +6% from the quarter before. Operating margin was 4.9%, net earnings $2.7M (0.7% of revenue).
Fox Factory Holding, Q2 2025: revenue $375M (+8% year over year), operating margin 4.9%, net earnings $2.7M, operating cash flow $36.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $375M | +6% | +8% |
| Gross profit | $117M | +7% | +5% |
| Operating profit | $18.5M | — | -0.3% |
| Net earnings | $2.7M | — | -50% |
| Operating cash flow | $36.8M | 54× | +38% |
| Free cash flow | $24.3M | — | +58% |
What changed
Revenue was $374.9M in Q2 2025, up 8% year over year and up 6% from the previous quarter. Specialty Sports Group was the largest line at 37% of revenue. Specialty Sports Group added $13.6M year over year (up 11%), 52% of the total change.
Gross margin was 31.2%, down 0.6 points from a year earlier. Operating profit was $18.5M, a 4.9% margin (down 0.4 points year over year). Operating profit fell $62K even though revenue rose $26.4M versus a year earlier, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 8%. The fastest-growing cost line was Research & development (+21%). Net earnings were $2.7M, down 49% year over year. The effective tax rate was 50.9%.
Operating cash flow was $36.8M (up 38% year over year), 1360% of net earnings. Non-cash charges added back $22.8M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items added $6.7M. Capital expenditures of $12.5M left free cash flow of $24.3M.
Questions
What was Fox Factory Holding's revenue in the second quarter 2025?
Fox Factory Holding (FOXF) reported revenue of $375M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +6% from the quarter before.
Was Fox Factory Holding profitable in the second quarter 2025?
Operating profit was $18.5M (4.9% of revenue) and net earnings $2.7M.