Filing Flows › Malibu Boats (MBUU) › Q1 FY27
Malibu Boats (MBUU) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 5, 2026
Malibu Boats (MBUU) reported revenue of $253M for the first quarter fiscal 2027 (Q1 FY27), +30% from a year earlier and -14% from the quarter before. Operating margin was 5.2%, net earnings $6.1M (2.4% of revenue).
Malibu Boats, Q1 FY27: revenue $253M (+30% year over year), operating margin 5.2%, net earnings $6.1M, operating cash flow −$31.1M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $253M | -14% | +30% |
| Gross profit | $37.8M | -28% | +35% |
| Operating profit | $13.2M | +41% | — |
| Net earnings | $6.1M | -17% | — |
| Operating cash flow | −$31.1M | -215% | -576% |
What changed
Revenue was $252.9M in Q1 FY27, up 30% year over year and down 14% from the previous quarter. Malibu was the largest line at 28% of revenue. Cobalt added $9.8M year over year (up 19%), 17% of the total change. Malibu declined 9%.
Gross margin was 15.0%, up 0.6 points from Q1 FY26. Operating profit was $13.2M, a 5.2% margin (up 5.6 points year over year). Operating expenses fell 14% while revenue rose 30%. The fastest-growing cost line was Other operating costs (+175%). Net earnings were $6.0M. The effective tax rate was 26.6%.
Operating cash flow was −$31.1M. Non-cash charges added back $12.9M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $51.5M. Capital expenditures of $8.4M exceeded it, leaving free cash flow of −$39.5M.
Questions
What was Malibu Boats' revenue in the first quarter fiscal 2027?
Malibu Boats (MBUU) reported revenue of $253M for the first quarter fiscal 2027 (Q1 FY27), +30% from a year earlier and -14% from the quarter before.
Was Malibu Boats profitable in the first quarter fiscal 2027?
Operating profit was $13.2M (5.2% of revenue) and net earnings $6.1M.
Source: Malibu Boats 10-Q on SEC EDGAR.