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Marinemax (HZO) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 24, 2025
Marinemax (HZO) reported revenue of $657M for the third quarter fiscal 2025 (Q3 FY25), -13% from a year earlier and +4% from the quarter before. Operating margin was -6.3%, net loss $52.0M (7.9% of revenue).
Marinemax, Q3 FY25: revenue $657M (-13% year over year), operating margin -6.3%, net loss $52.0M, operating cash flow $84.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $657M | +4% | -13% |
| Operating profit | −$41.5M | -283% | — |
| Net earnings | −$52.0M | -1744% | — |
| Operating cash flow | $84.9M | +17% | -2% |
| Free cash flow | $68.5M | +14% | -4% |
What changed
Revenue was $657.2M in Q3 FY25, down 13% year over year and up 4% from the previous quarter.
Gross margin was 30.4%, down 1.6 points from a year earlier. Operating costs exceeded revenue by $41.5M, an operating margin of -6.3%. Operating expenses grew 33% against a revenue fall of 13%. The quarter ended with a net loss of $52.0M, after a profit of $3.2M the previous quarter.
Operating cash flow was $84.9M (down 2% year over year). Non-cash charges added back $12.5M of depreciation and amortization and $5.6M of share-based compensation. Working capital and other items added $118.7M. Capital expenditures of $16.4M left free cash flow of $68.5M.
Questions
What was Marinemax's revenue in the third quarter fiscal 2025?
Marinemax (HZO) reported revenue of $657M for the third quarter fiscal 2025 (Q3 FY25), -13% from a year earlier and +4% from the quarter before.
Was Marinemax profitable in the third quarter fiscal 2025?
Operating loss was $41.5M (-6.3% of revenue) and net loss $52.0M.
Source: Marinemax 10-Q on SEC EDGAR.