Filing Flows › OneWater Marine (ONEW) › Q4 FY25
OneWater Marine (ONEW) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Dec 15, 2025
OneWater Marine (ONEW) reported revenue of $460M for the fourth quarter fiscal 2025 (Q4 FY25), +22% from a year earlier and -17% from the quarter before. Operating margin was -28.3%, net loss $113M (24.5% of revenue).
OneWater Marine, Q4 FY25: revenue $460M (+22% year over year), operating margin -28.3%, net loss $113M, operating cash flow $9.9M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $460M | -17% | +22% |
| Operating profit | −$130M | -528% | -2996% |
| Net earnings | −$113M | -1154% | — |
| Operating cash flow | $9.9M | -89% | -64% |
| Free cash flow | $7.2M | -92% | -69% |
What changed
Revenue was $460.1M in Q4 FY25, up 22% year over year and down 17% from the previous quarter. New boat was the largest line at 60% of revenue.
Operating costs exceeded revenue by $130.1M, an operating margin of -28.3%. Total costs grew 58% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+2152%). The quarter ended with a net loss of $113.0M, after a profit of $10.7M the previous quarter.
Operating cash flow was $9.9M (down 64% year over year). Non-cash charges added back $5.9M of depreciation and amortization and $3.8M of share-based compensation. Working capital and other items added $113.2M. Capital expenditures of $2.7M left free cash flow of $7.2M.
Questions
What was OneWater Marine's revenue in the fourth quarter fiscal 2025?
OneWater Marine (ONEW) reported revenue of $460M for the fourth quarter fiscal 2025 (Q4 FY25), +22% from a year earlier and -17% from the quarter before.
Was OneWater Marine profitable in the fourth quarter fiscal 2025?
Operating loss was $130M (-28.3% of revenue) and net loss $113M.
Source: OneWater Marine 10-K on SEC EDGAR.