Filing Flows › OneWater Marine (ONEW) › Q2 FY26
OneWater Marine (ONEW) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 4, 2026
OneWater Marine (ONEW) reported revenue of $442M for the second quarter fiscal 2026 (Q2 FY26), -9% from a year earlier and +16% from the quarter before. Operating margin was 1.7%, net loss $12.9M (2.9% of revenue).
OneWater Marine, Q2 FY26: revenue $442M (-8% year over year), operating margin 1.7%, net loss $12.9M, operating cash flow $52.4M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $442M | +16% | -9% |
| Operating profit | $7.6M | — | -53% |
| Net earnings | −$12.9M | — | — |
| Operating cash flow | $52.4M | — | +84% |
| Free cash flow | $50.2M | — | +112% |
What changed
Revenue was $442.3M in Q2 FY26, down 9% year over year and up 16% from the previous quarter. New boat was the largest line at 62% of revenue. New boat lost $37.5M year over year (down 12%), 91% of the total change.
Operating profit was $7.6M, a 1.7% margin (down 1.6 points year over year). Total costs fell 7% while revenue fell 9%. The fastest-growing cost line was Other operating costs (+93%). The quarter ended with a net loss of $12.9M, wider than the previous quarter's $7.7M loss. Net interest and other expense of $15.0M was the main reason.
Operating cash flow was $52.4M (up 84% year over year). Non-cash charges added back $4.5M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $58.1M. Capital expenditures of $2.3M left free cash flow of $50.2M.
Questions
What was OneWater Marine's revenue in the second quarter fiscal 2026?
OneWater Marine (ONEW) reported revenue of $442M for the second quarter fiscal 2026 (Q2 FY26), -9% from a year earlier and +16% from the quarter before.
Was OneWater Marine profitable in the second quarter fiscal 2026?
Operating profit was $7.6M (1.7% of revenue) and net loss $12.9M.
Source: OneWater Marine 10-Q on SEC EDGAR.