Onewater Marine Inc ( (ONEW) ) has released its Q4 earnings. Here is a breakdown of the information Onewater Marine Inc presented to its investors.
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OneWater Marine Inc. is a leading premium marine retailer in the United States, operating 95 retail locations and offering a diverse range of products and services including new and pre-owned boats, finance and insurance products, and maintenance services.
In its fiscal year 2025, OneWater Marine Inc. reported a 6% increase in revenue to $1.9 billion, with same-store sales also rising by 6%. Despite a challenging market environment, the company managed to outperform industry trends, although it recorded a GAAP net loss of $116 million due to a significant non-cash impairment charge.
Key highlights from the fiscal year include a 26.7% increase in new boat revenue and a 24.6% rise in pre-owned boat revenue for the fourth quarter. The company’s adjusted EBITDA for the year was $70 million, and it maintained a gross profit margin of 22.8%. However, the net loss was primarily driven by a $146 million impairment charge related to goodwill and intangible assets.
Looking ahead, OneWater Marine Inc. is optimistic about fiscal 2026, expecting industry stabilization and potential margin expansion as it focuses on its core brands. The company anticipates flat same-store sales and total revenue between $1.83 billion and $1.93 billion, with adjusted EBITDA projected to range from $65 million to $85 million.