Filing Flows › Malibu Boats (MBUU) › Q2 FY26
Malibu Boats (MBUU) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Feb 5, 2026
Malibu Boats (MBUU) reported revenue of $189M for the second quarter fiscal 2026 (Q2 FY26), -6% from a year earlier and -3% from the quarter before. Operating margin was -1.9%, net loss $2.5M (1.3% of revenue).
Malibu Boats, Q2 FY26: revenue $189M (-6% year over year), operating margin -1.9%, net loss $2.5M, operating cash flow $12.6M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $189M | -3% | -6% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$2.5M | — | — |
| Operating cash flow | $12.6M | +94% | -55% |
| Free cash flow | $8.2M | +270% | -64% |
What changed
Revenue was $188.6M in Q2 FY26, down 6% year over year and down 3% from the previous quarter. Malibu was the largest line at 37% of revenue. Saltwater Fishing lost $4.8M year over year (down 7%), 41% of the total change.
Gross margin was 13.3%, down 5.4 points from a year earlier. Operating costs exceeded revenue by $3.5M, an operating margin of -1.9%. Operating expenses fell 16% while revenue fell 6%. The quarter ended with a net loss of $2.5M, wider than the previous quarter's $710K loss.
Operating cash flow was $12.6M (down 55% year over year). Non-cash charges added back $9.8M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $4.1M. Capital expenditures of $4.4M left free cash flow of $8.2M.
Questions
What was Malibu Boats' revenue in the second quarter fiscal 2026?
Malibu Boats (MBUU) reported revenue of $189M for the second quarter fiscal 2026 (Q2 FY26), -6% from a year earlier and -3% from the quarter before.
Was Malibu Boats profitable in the second quarter fiscal 2026?
Operating loss was $3.5M (-1.9% of revenue) and net loss $2.5M.
Source: Malibu Boats 10-Q on SEC EDGAR.