Filing Flows › OneWater Marine (ONEW) › Q1 FY26
OneWater Marine (ONEW) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 9, 2026
OneWater Marine (ONEW) reported revenue of $381M for the first quarter fiscal 2026 (Q1 FY26), +1% from a year earlier and -17% from the quarter before. Operating margin was -1.4%, net loss $7.7M (2.0% of revenue).
OneWater Marine, Q1 FY26: revenue $381M (+1% year over year), operating margin -1.4%, net loss $7.7M, operating cash flow −$76.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $381M | -17% | +1% |
| Operating profit | −$5.2M | — | — |
| Net earnings | −$7.7M | — | — |
| Operating cash flow | −$76.3M | -868% | — |
What changed
Revenue was $380.6M in Q1 FY26, up 1% year over year and down 17% from the previous quarter. New boat was the largest line at 61% of revenue. Pre-owned boat added $13.6M year over year (up 24%), 287% of the total change. New boat declined 6%.
Operating costs exceeded revenue by $5.2M, an operating margin of -1.4%. Total costs grew 2% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+90%). The quarter ended with a net loss of $7.7M, narrower than the previous quarter's $113.0M loss. Net interest and other expense of $15.9M was the main reason.
Operating cash flow was −$76.3M. Non-cash charges added back $5.0M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $75.7M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$78.2M.
Questions
What was OneWater Marine's revenue in the first quarter fiscal 2026?
OneWater Marine (ONEW) reported revenue of $381M for the first quarter fiscal 2026 (Q1 FY26), +1% from a year earlier and -17% from the quarter before.
Was OneWater Marine profitable in the first quarter fiscal 2026?
Operating loss was $5.2M (-1.4% of revenue) and net loss $7.7M.
Source: OneWater Marine 10-Q on SEC EDGAR.