← OneWater Marine Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenues: | |||||||||
| Total cost of sales | $465.2m | $595.5m | $787.4m | $870.8m | $1.2b | $1.4b | $1.3b | $1.4b | |
| (Loss) income from operations | $44.2m | $53.3m | $78.5m | $148.9m | $217.8m | $18.1m | $64.8m | ($85.5m) | |
| Depreciation and amortization | $1.7m | $2.7m | $3.2m | $5.4m | $15.6m | $23.9m | $19.4m | $21.6m | |
| Change in fair value of contingent consideration | — | — | $6.8m | $3.2m | $10.4m | ($1.6m) | $4.2m | ($2.1m) | |
| Restructuring and impairment | — | — | — | — | $0 | $147.4m | $12.4m | $148.1m | |
| Net loss before income tax benefit | $1.9m | $37.3m | $54.8m | $142.2m | $195.8m | ($42.5m) | ($6.3m) | ($151.5m) | |
| Income tax benefit | $0 | $0 | $6.3m | $25.8m | $43.2m | ($3.4m) | ($157k) | ($35.3m) | |
| Net loss | $1.9m | $37.3m | $48.5m | $116.4m | $152.6m | ($39.1m) | ($6.2m) | ($116.2m) | |
| Net loss attributable to non-controlling interests of One Water Marine Holdings, LLC | — | — | ($30.7m) | ($37.4m) | ($18.7m) | $4.3m | $590k | $1.6m | |
| Net loss attributable to OneWater Marine Inc. | $1.1m | $35.7m | $17.4m | $79.1m | $130.9m | ($38.6m) | ($5.7m) | ($114.6m) | |
| Net income attributable to non-controlling interests | ($830k) | ($1.6m) | ($350k) | $37.4m | ($3.0m) | ($3.8m) | ($119k) | $0 | |
| Net loss per share of Class A common stock – basic (in dollars per share) | — | — | $3 | $7 | $9 | ($3) | ($0) | ($7) | |
| Net loss per share of Class A common stock – diluted (in dollars per share) | — | — | $3 | $7 | $9 | ($3) | ($0) | ($7) | |
| Basic weighted-average shares of Class A common stock outstanding (in shares) | — | — | 6.2m | 11.1m | 13.9m | 14.3m | 14.6m | 15.9m | |
| Diluted weighted-average shares of Class A common stock outstanding (in shares) | — | — | 6.3m | 11.4m | 14.3m | 14.3m | 14.6m | 15.9m | |
| Selling, general and administrative expenses | $91.3m | $116.5m | $143.4m | $199.0m | $302.1m | $345.5m | $332.7m | $343.3m | |
| Transaction costs | $438k | $1.3m | $3.6m | $869k | $7.7m | $1.8m | $1.5m | $1.5m | |
| Interest expense – floor plan | $5.5m | $9.4m | $8.9m | $2.6m | $4.6m | $25.1m | $34.1m | $28.5m | |
| Interest expense – other | $3.8m | $6.6m | $8.8m | $4.3m | $13.2m | $34.6m | $37.0m | $36.2m | |
| Other expense, net | ($60k) | $1.4m | $155k | ($248k) | $3.8m | $953k | $14k | $1.4m | |
| Total other expense, net | $42.3m | $16.0m | $23.6m | $6.7m | $22.0m | $60.6m | $71.2m | $66.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.