Filing Flows › OneWater Marine (ONEW) › Q2 FY25
OneWater Marine (ONEW) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 2, 2025
OneWater Marine (ONEW) reported revenue of $484M for the second quarter fiscal 2025 (Q2 FY25), -1% from a year earlier and +29% from the quarter before. Operating margin was 3.4%, net loss $375K (0.1% of revenue).
OneWater Marine, Q2 FY25: revenue $484M (-1% year over year), operating margin 3.4%, net loss $375K, operating cash flow $28.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $484M | +29% | -1% |
| Operating profit | $16.3M | +262% | — |
| Net earnings | −$375K | — | — |
| Operating cash flow | $28.5M | — | +20% |
| Free cash flow | $23.7M | — | +72% |
What changed
Revenue was $483.5M in Q2 FY25, down 1% year over year and up 29% from the previous quarter. New boat was the largest line at 64% of revenue. New boat lost $17.8M year over year (down 5%), 371% of the total change.
Operating profit was $16.3M, a 3.4% margin (up 0.5 points year over year). Total costs fell 2% while revenue fell 1%. The quarter ended with a net loss of $375K, narrower than the previous quarter's $13.6M loss. Net interest and other expense of $16.8M was the main reason.
Operating cash flow was $28.5M (up 20% year over year). Non-cash charges added back $6.2M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $20.6M. Capital expenditures of $4.8M left free cash flow of $23.7M.
Questions
What was OneWater Marine's revenue in the second quarter fiscal 2025?
OneWater Marine (ONEW) reported revenue of $484M for the second quarter fiscal 2025 (Q2 FY25), -1% from a year earlier and +29% from the quarter before.
Was OneWater Marine profitable in the second quarter fiscal 2025?
Operating profit was $16.3M (3.4% of revenue) and net loss $375K.
Source: OneWater Marine 10-Q on SEC EDGAR.