Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 26

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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, 2025 and 2024 is as follows: ($ in thousands)Three Months Ended June 30, 2025Three Months Ended June 30, 2024Beginning contract liability$49,667 $46,536 Revenue recognized from contract liabilities included in the beginning balance(34,891)(29,787)Increases due to cash received, net of amounts recognized in revenue during the period19,140 26,679 Ending contract liability$33,916 $43,428 ($ in thousands)Nine Months Ended June 30, 2025Nine Months Ended June 30, 2024Beginning contract liability$63,955 $51,649 Revenue recognized from contract liabilities included in the beginning balance(57,896)(47,967)Increases due to cash received, net of amounts recognized in revenue during the period27,857 39,746 Ending contract liability$33,916 $43,428 The following table sets forth percentages on the timing of revenue recognition for the three and nine months ended June 30, 2025 and 2024. Three Months Ended June 30, 2025Three Months Ended June 30, 2024Goods and services transferred at a point in time94.1%94.2%Goods and services transferred over time5.9%5.8%Total Revenue100.0%100.0%

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Nine Months Ended June 30, 2025Nine Months Ended June 30, 2024Goods and services transferred at a point in time93.9 %94.0 %Goods and services transferred over time6.1 %6.0 %Total Revenue100.0 %100.0 %Income Taxes OneWater Inc is a corporation and as a result, is subject to U.S. federal, state and local income taxes. We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events included in the consolidated financial statements. Under this method, we determine deferred tax assets and liabilities on the basis of the differences between the book value and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period in which the enactment date occurs. We recognize deferred tax assets to the extent we believe these assets are more-likely