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Malibu Boats cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow−$39.5M in Q1 FY27 · $1.2M over twelve months

Operating cash flow−$31.1M
Capital spending−$8.4M
Free cash flow−$39.5M
Cash / net income-5.1×
Cash conversion cycle74 days

Analysis

In Q1 FY27, Malibu Boats generated −$31.1M of operating cash flow and spent $8.4M on capital projects, leaving free cash flow of −$39.5M. That is $41.7M less than in Q1 FY26 ($2.2M).

Over the twelve months to Sep 30, 2026, operating cash flow was $29.9M; the largest uses were other investing ($118M), capital spending ($28.7M), taxes on employees’ shares ($1.0M); besides operations, cash came from other financing ($61.6M), net borrowing (+) / repaid (−) ($52.0M); the cash balance fell by $3.8M.

Operating cash flow was −$31.1M against net income of $6.1M — -5.1× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$31.8M, payables +$23.1M, accrued liabilities −$17.0M.

Its cash conversion cycle was 74 days (receivables 15 + inventory 84 − payables 25).

Free cash flow

Malibu Boats: free cash flow by quarterMalibu Boats: free cash flow by quarter$22.8MQ2 FY25$8.8MQ3 FY25$14.1MQ4 FY25$2.2MQ1 FY26$8.2MQ2 FY26$15.5MQ3 FY26$16.9MQ4 FY26−$39.5MQ1 FY27
Operating cash flow less capital spending.
Malibu Boats: operating cash flow against capital spendingMalibu Boats: operating cash flow against capital spendingOperating cash flowCapital spending$28.4M$5.6MQ2 FY25$15.5M$6.7MQ3 FY25$21.0M$7.0MQ4 FY25$6.5M$4.3MQ1 FY26$12.6M$4.4MQ2 FY26$21.4M$5.9MQ3 FY26$26.9M$10.1MQ4 FY26−$31.1M$8.4MQ1 FY27
Latest (Q1 FY27): Operating cash flow −$31.1M, Capital spending $8.4M.

Capital allocation, year by year

Malibu Boats: where the cash came from (up) and went (down), by fiscal yearMalibu Boats: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY22: Operating cash flow $165MFY22: Net borrowing −$24.2MFY22: Shares issued $3.3MFY22: Asset sales $9KFY22: Capital spending −$55.1MFY22: Acquisitions −$6.6MFY22: Buybacks −$34.6M$168MFY22FY23: Operating cash flow $185MFY23: Net borrowing −$120MFY23: Shares issued $1.3MFY23: Asset sales $202KFY23: Capital spending −$54.8MFY23: Buybacks −$7.9M$186MFY23FY24: Operating cash flow $55.6MFY24: Asset sales $120KFY24: Capital spending −$76.0MFY24: Buybacks −$29.3M$55.7MFY24FY25: Operating cash flow $56.5MFY25: Net borrowing $18.0MFY25: Shares issued $233KFY25: Asset sales $543KFY25: Capital spending −$27.9MFY25: Buybacks −$36.0M$75.3MFY25FY26: Operating cash flow $67.5MFY26: Net borrowing $147MFY26: Asset sales $352KFY26: Capital spending −$24.7MFY26: Acquisitions −$118MFY26: Buybacks −$33.9M$215MFY26
Over these 5 years operating cash flow totalled $529M; the largest uses were capital spending ($238M) and net borrowing ($144M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$40.3M
Debt$173M
Net debt$133M
Due within a year$5.0M

Malibu Boats funds itself: free cash flow was $1.2M over the last twelve months, and $40.3M of cash and investments stands against $173M of debt ($5.0M due within a year, 8.1× covered by cash).

Where the cash came from and went

Malibu Boats: sources (+) and uses (−) of cash, Q1 FY27Malibu Boats: sources (+) and uses (−) of cash, Q1 FY27Cash drawn (+) / kept (−)$34.1MOperating cash flow−$31.1MNet borrowing (+) / repaid (−)$8.8MCapital spending−$8.4MOther financing−$3.0MExchange rates−$198KTaxes on employees’ shares−$163K
Malibu Boats: sources (+) and uses (−) of cash, TTM to Q1 FY27Malibu Boats: sources (+) and uses (−) of cash, TTM to Q1 FY27Other investing−$118MOther financing$61.6MNet borrowing (+) / repaid (−)$52.0MOperating cash flow$29.9MCapital spending−$28.7MCash drawn (+) / kept (−)$3.8MTaxes on employees’ shares−$1.0MExchange rates$489KAsset & business sales$270K

From profit to cash

Malibu Boats: net income to operating cash flow, Q1 FY27Malibu Boats: net income to operating cash flow, Q1 FY27Net income$6.1MDepreciation & amortization$12.9MStock-based pay$1.3MDeferred taxes$3.0MReceivables−$14.7MInventory−$31.8MPayables$23.1MAccrued liabilities−$17.0MPrepaid and other assets−$572KOther liabilities−$1.2MIncome taxes payable$873KOperating cash flow−$31.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY2715842574
Q4 FY2610722061
Q3 FY269811970
Q2 FY2612821777
Q1 FY2614791875
Q4 FY2514761773
Q3 FY2512721766
Q2 FY2512821777

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q1 FY27−$31.1M−$8.4M——$8.8M$34.1M−$39.5M
Q4 FY26$26.9M−$10.1M$7.6M——−$24.3M$16.9M
Q3 FY26$21.4M−$5.9M—−$13.1M$145M−$22.0M$15.5M
Q2 FY26$12.6M−$4.4M—−$20.8M−$3.0M$15.9M$8.2M
Q1 FY26$6.5M−$4.3M——$5.0M−$7.1M$2.2M
Q4 FY25$21.0M−$7.0M—−$5.7M−$10.0M$1.7M$14.1M
Q3 FY25$15.5M−$6.7M—−$10.1M$5.0M−$3.6M$8.8M
Q2 FY25$28.4M−$5.6M—−$9.7M−$5.0M−$7.5M$22.8M

Malibu Boats: income statement and cash flow

Malibu Boats, Q1 FY27: revenue $253M (+30% year over year), operating margin 5.2%. The chart follows the revenue to costs, profit and cash.

Malibu Boats: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.