Filing Flows › MasterCraft Boat Holdings (MCFT) › Q1 FY26
MasterCraft Boat Holdings (MCFT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 6, 2025
MasterCraft Boat Holdings (MCFT) reported revenue of $69.0M for the first quarter fiscal 2026 (Q1 FY26), +6% from a year earlier and -13% from the quarter before. Operating margin was 5.5%, net earnings $3.6M (5.3% of revenue).
MasterCraft Boat Holdings, Q1 FY26: revenue $69.0M (+6% year over year), operating margin 5.5%, net earnings $3.6M, operating cash flow −$6.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $69.0M | -13% | +6% |
| Gross profit | $15.4M | -16% | +30% |
| Operating profit | $3.8M | -36% | +276% |
| Net earnings | $3.6M | -36% | — |
| Operating cash flow | −$6.8M | -133% | — |
What changed
Revenue was $69.0M in Q1 FY26, up 6% year over year and down 13% from the previous quarter. Boats and Trailers was the largest line at 92% of revenue. Boats and Trailers added $4.2M year over year (up 7%), 114% of the total change. Other Product declined 23%.
Gross margin was 22.3%, up 4.3 points from a year earlier. Operating profit was $3.8M, a 5.5% margin (up 3.9 points year over year). Of the extra revenue versus a year earlier, 76% reached operating profit, above the 2% margin then. Operating expenses grew 8% against revenue growth of 6%. The fastest-growing cost line was General & admin (+11%). Net earnings were $3.6M. The effective tax rate was 19.7%.
Operating cash flow was −$6.8M. Non-cash charges added back $2.0M of depreciation and amortization and $791K of share-based compensation. Working capital and other items used $13.3M. Capital expenditures of $3.1M exceeded it, leaving free cash flow of −$9.9M.
Questions
What was MasterCraft Boat Holdings' revenue in the first quarter fiscal 2026?
MasterCraft Boat Holdings (MCFT) reported revenue of $69.0M for the first quarter fiscal 2026 (Q1 FY26), +6% from a year earlier and -13% from the quarter before.
Was MasterCraft Boat Holdings profitable in the first quarter fiscal 2026?
Operating profit was $3.8M (5.5% of revenue) and net earnings $3.6M.