OneWater Marine Inc.ONEWEarnings & Financial Report
OneWater Marine Inc. is a leading recreational marine retailer headquartered in the U.S. It sells new and pre-owned boats, yachts and marine parts, offers maintenance, repair and financing services, and serves individual and commercial leisure boating customers across North America through its extensive network of local dealerships.
ONEW Q1 FY2026 Key Financial Metrics
Revenue
$380.6M
Gross Profit
$89.4M
Operating Profit
$-5.2M
Net Profit
$-7.7M
Gross Margin
23.5%
Operating Margin
-1.4%
Net Margin
-2.0%
YoY Growth
1.3%
OneWater Marine Inc. Q1 FY2026 Financial Summary
OneWater Marine Inc. reported revenue of $380.6M (up 1.3% YoY) for Q1 FY2026, with a net profit of $-7.7M (up 35.6% YoY) (-2.0% margin). Cost of goods sold was $291.2M, operating expenses totaled $94.6M.
Key Financial Metrics
| Total Revenue | $380.6M |
|---|---|
| Net Profit | $-7.7M |
| Gross Margin | 23.5% |
| Operating Margin | -1.4% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
OneWater Marine Inc. Q1 FY2026 revenue of $380.6M breaks down across 4 segments, led by New Sales at $233.3M (61.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| New Sales | $233.3M | 61.3% |
| Pre Owned | $70.4M | 18.5% |
| Service Parts Other | $68.0M | 17.9% |
| Finance And Insurance Income | $8.9M | 2.3% |
OneWater Marine Inc. Revenue by Segment — Quarterly Trend
OneWater Marine Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as New Sales and Pre Owned) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| New Sales | $233.3M | $274.5M | $326.1M | $309.5M |
| Pre Owned | $70.4M | $91.4M | $125.9M | $89.7M |
| Service Parts Other | $68.0M | $81.4M | $83.0M | $69.3M |
| Finance And Insurance Income | $8.9M | $12.8M | $17.8M | $15.0M |
OneWater Marine Inc. Annual Revenue by Year
OneWater Marine Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.9B).
OneWater Marine Inc. Quarterly Revenue & Net Profit History
OneWater Marine Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $380.6M | +1.3% | $-7.7M | -2.0% |
| Q4 FY2025 | $460.1M | +21.8% | $-113.0M | -24.5% |
| Q3 FY2025 | $552.9M | +1.9% | $10.7M | 1.9% |
| Q2 FY2025 | $483.5M | -1.0% | $-368.0K | -0.1% |
| Q1 FY2025 | $375.8M | +3.2% | $-12.0M | -3.2% |
| Q4 FY2024 | $377.9M | -16.2% | $-9.2M | -2.4% |
| Q3 FY2024 | $542.4M | -8.7% | $14.7M | 2.7% |
| Q2 FY2024 | $488.3M | -6.9% | $-4.0M | -0.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $488.3M | $542.4M | $377.9M | $375.8M | $483.5M | $552.9M | $460.1M | $380.6M |
| YoY Growth | -6.9% | -8.7% | -16.2% | 3.2% | -1.0% | 1.9% | 21.8% | 1.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.71B | $1.64B | $1.59B | $1.61B | $1.64B | $1.54B | $1.40B | $1.44B |
| Liabilities | $1.33B | $1.24B | $1.20B | $1.23B | $1.26B | $1.15B | $1.12B | $1.16B |
| Equity | $351.7M | $368.6M | $360.8M | $354.8M | $381.6M | $393.2M | $285.0M | $277.5M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $23.7M | $93.8M | $27.3M | $-37.4M | $28.5M | $90.8M | $9.9M | $-76.3M |