Filing Flows › Malibu Boats (MBUU) › Q1 FY26
Malibu Boats (MBUU) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 30, 2025
Malibu Boats (MBUU) reported revenue of $195M for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and -6% from the quarter before. Operating margin was -0.4%, net loss $710K (0.4% of revenue).
Malibu Boats, Q1 FY26: revenue $195M (+14% year over year), operating margin -0.4%, net loss $710K, operating cash flow $6.5M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $195M | -6% | +13% |
| Operating profit | −$842K | -112% | — |
| Net earnings | −$710K | -115% | — |
| Operating cash flow | $6.5M | -69% | — |
| Free cash flow | $2.2M | -84% | — |
What changed
Revenue was $194.7M in Q1 FY26, up 13% year over year and down 6% from the previous quarter. Malibu was the largest line at 40% of revenue. Malibu added $22.6M year over year (up 40%), 98% of the total change. Saltwater Fishing declined 1%.
Gross margin was 14.3%, down 2.1 points from a year earlier. Operating costs exceeded revenue by $842K, an operating margin of -0.4%. Operating expenses fell 15% while revenue rose 13%. The fastest-growing cost line was Sales & marketing (+29%). The quarter ended with a net loss of $710K, after a profit of $4.8M the previous quarter. Non-operating items added $443K, -111% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $6.5M. Non-cash charges added back $9.9M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $4.2M. Capital expenditures of $4.3M left free cash flow of $2.2M.
Questions
What was Malibu Boats' revenue in the first quarter fiscal 2026?
Malibu Boats (MBUU) reported revenue of $195M for the first quarter fiscal 2026 (Q1 FY26), +13% from a year earlier and -6% from the quarter before.
Was Malibu Boats profitable in the first quarter fiscal 2026?
Operating loss was $842K (-0.4% of revenue) and net loss $710K.
Source: Malibu Boats 10-Q on SEC EDGAR.