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Marinemax (HZO) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 29, 2026
Marinemax (HZO) reported revenue of $505M for the first quarter fiscal 2026 (Q1 FY26), +8% from a year earlier and -9% from the quarter before. Operating margin was 1.0%, net loss $8.1M (1.6% of revenue).
Marinemax, Q1 FY26: revenue $505M (+8% year over year), operating margin 1.0%, net loss $8.1M, operating cash flow $16.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $505M | -9% | +8% |
| Operating profit | $4.9M | -64% | — |
| Net earnings | −$8.1M | — | — |
| Operating cash flow | $16.9M | -73% | — |
| Free cash flow | $8.3M | -83% | — |
What changed
Revenue was $505.2M in Q1 FY26, up 8% year over year and down 9% from the previous quarter.
Gross margin was 31.8%, down 4.5 points from a year earlier. Operating profit was $4.9M, a 1.0% margin (down 7.3 points year over year). Operating profit fell $34.1M even though revenue rose $36.7M versus a year earlier, so costs grew faster than sales. Operating expenses grew 19% against revenue growth of 8%. The quarter ended with a net loss of $8.1M, wider than the previous quarter's $82K loss. Net interest and other expense of $15.9M was the main reason.
Operating cash flow was $16.9M. Non-cash charges added back $12.6M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $9.7M. Capital expenditures of $8.5M left free cash flow of $8.3M.
Questions
What was Marinemax's revenue in the first quarter fiscal 2026?
Marinemax (HZO) reported revenue of $505M for the first quarter fiscal 2026 (Q1 FY26), +8% from a year earlier and -9% from the quarter before.
Was Marinemax profitable in the first quarter fiscal 2026?
Operating profit was $4.9M (1.0% of revenue) and net loss $8.1M.
Source: Marinemax 10-Q on SEC EDGAR.