Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 13

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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Item 1.    Condensed Consolidated Financial Statements (Unaudited)

ONEWATER MARINE INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except par value and share data)

(Unaudited)

June 30,2025September 30, 2024ASSETSCURRENT ASSETS:Cash$70,146 $16,849 Restricted cash11,760 10,488 Accounts receivable, net79,472 73,269 Inventories517,093 590,838 Prepaid expenses and other current assets61,491 85,922 Total current assets739,962 777,366 Property and equipment, net92,005 93,224 Operating lease right-of-use assets131,625 138,829 Other long-term assets2,352 1,299 Deferred tax assets, net37,998 37,278 Intangible assets, net199,885 205,391 Goodwill336,602 336,602 Total assets$1,540,429 $1,589,989 LIABILITIES AND STOCKHOLDERS’ EQUITYCURRENT LIABILITIES:Accounts payable$32,452 $32,106 Other payables and accrued expenses44,170 42,116 Customer deposits33,916 63,955 Notes payable – floor plan435,777 443,386 Current portion of operating lease liabilities16,468 15,704 Current portion of long-term debt, net37,970 7,874 Current portion of tax receivable agreement liability2,578 2,578 Total current liabilities603,331 607,719 Other long-term liabilities5,669 12,563 Tax receivable agreement liability38,245 38,019 Long-term operating lease liabilities118,458 126,001 Long-term debt, net381,497 414,934 Total liabilities1,147,200 1,199,236 COMMITMENTS AND CONTINGENCIES (Note 14)STOCKHOLDERS’ EQUITYPreferred stock, $0.01 par value, 1,000,000 shares authorized, none issued and outstanding as of June 30, 2025 and September 30, 2024— — Class A common stock, $0.01 par value, 40,000,000 shares authorized, 16,313,115 and