Company: ONEW
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001772921-25-000040
Chunk: 59

Company: OneWater Marine Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 periods. Additionally, from time to time, we may consider expanding or cancelling certain dealer agreements which could impact our future revenues and gross profit. Our future results will depend on our ability to efficiently manage our combined operations and execute our business strategy.

32

Results of Operations

Three Months Ended June 30, 2025, Compared to Three Months Ended June 30, 2024

For the Three Months Ended June 30, 2025For the Three Months Ended June 30, 2024$ Change % Change ($ in thousands) Amount % of Revenue Amount % of Revenue Revenues:New boat$326,134 59.0 %$333,162 61.4 %$(7,028)-2.1 %Pre-owned boat125,941 22.8 %106,889 19.7 %19,052 17.8 %Finance & insurance income17,782 3.2 %17,932 3.3 %(150)-0.8 %Service, parts & other83,007 15.0 %84,458 15.6 %(1,451)-1.7 %Total revenues552,864 100.0 %542,441 100.0 %10,423 1.9 %Gross ProfitNew boat51,950 9.4 %56,722 10.5 %(4,772)-8.4 %Pre-owned boat22,535 4.1 %22,263 4.1 %272 1.2 %Finance & insurance17,782 3.2 %17,932 3.3 %(150)-0.8 %Service, parts & other36,396 6.6 %35,688 6.6 %708 2.0 %Total gross profit128,663 23.3 %132,605 24.4 %(3,942)-3.0 %Selling, general and administrative expenses92,138 16.7 %87,059 16.0 %5,079 5.8 %Depreciation and amortization5,593 1.0 %5,091 0.9 %502 9.9 %Transaction costs175 — %242 — %(67)-27.7 %Change in fair value of contingent consideration144