Filing Flows › Malibu Boats (MBUU) › Q4 FY25
Malibu Boats (MBUU) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 28, 2025
Malibu Boats (MBUU) reported revenue of $207M for the fourth quarter fiscal 2025 (Q4 FY25), +30% from a year earlier and -9% from the quarter before. Operating margin was 3.3%, net earnings $4.7M (2.3% of revenue).
Malibu Boats, Q4 FY25: revenue $207M (+30% year over year), operating margin 3.3%, net earnings $4.7M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $207M | -9% | +30% |
| Gross profit | $32.7M | -28% | +162% |
| Operating profit | $6.8M | -61% | — |
| Net earnings | $4.7M | -64% | — |
| Operating cash flow | $21.0M | +36% | +29% |
| Free cash flow | $14.1M | +61% | +214% |
What changed
Revenue was $207.0M in Q4 FY25, up 30% year over year and down 9% from the previous quarter. Malibu was the largest line at 39% of revenue.
Gross margin was 15.8%, up 7.9 points from a year earlier. Operating profit was $6.8M, a 3.3% margin (up 18.7 points year over year). Operating expenses fell 30% while revenue rose 30%. The fastest-growing cost line was Sales & marketing (+11%). Net earnings were $4.7M. The effective tax rate was 29.6%.
Operating cash flow was $21.0M (up 29% year over year), 439% of net income including minority interests. Non-cash charges added back $10.1M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $4.5M. Capital expenditures of $7.0M left free cash flow of $14.1M.
Questions
What was Malibu Boats' revenue in the fourth quarter fiscal 2025?
Malibu Boats (MBUU) reported revenue of $207M for the fourth quarter fiscal 2025 (Q4 FY25), +30% from a year earlier and -9% from the quarter before.
Was Malibu Boats profitable in the fourth quarter fiscal 2025?
Operating profit was $6.8M (3.3% of revenue) and net earnings $4.7M.
Source: Malibu Boats 10-K on SEC EDGAR.