Company: ONEW
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001772921-25-000025
Chunk: 110

Company: OneWater Marine Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 110
---
.1 million during the three months ended March 31, 2025 and 2024 and $0.3 million during the six months ended March 31, 2025 and 2024. As of March 31, 2025 and September 30, 2024, the Company had current liabilities of $0.4 million and $0.3 million, respectively, for future purchases of shares under the ESPP. During the six months ended March 31, 2025 and 2024, 36,167 and 25,493 shares were issued under the ESPP at an average share price of $14.77 and $28.72, respectively.We used a Black-Scholes model to estimate the fair value of the options granted to purchase shares issued pursuant to the ESPP. Volatility is based on the historical volatility of our common stock. The risk-free rate for periods within the contractual term of the options is based on the U.S. Treasury yield curve in effect at the time of grant.The following are the assumptions used for the periods ended March 31, 2025 and 2024:20252024Dividend yield0.0 %0.0 %Risk-free interest rate4.3 - 5.4%5.2 - 5.5%Volatility55.0 - 65.5%37.6 - 62.7%Expected lifeSix monthsSix monthsDistributionsDuring the six months ended March 31, 2025 and 2024, the Company made distributions to OneWater Unit Holders for certain permitted tax payments. Non-Controlling Interest

As discussed in Note 1, OneWater Inc consolidates the financial results of OneWater LLC and its subsidiaries. In periods prior to March 31, 2025, OneWater Inc reported non-controlling interests related to the portion of OneWater LLC Units not owned by OneWater Inc. Holders of OneWater LLC Units could exchange their LLC Units, together with an equal number of shares of Class B common stock of OneWater Inc, for shares of Class A common stock of OneWater Inc on a one-for-one basis or, at OneWater LLC's election, cash. During the six months ended March 31, 2025, the remaining OneWater LLC Units, as well as 1,429,940 shares of Class B common stock of OneWater Inc, were exchanged for 1,429,940 shares of Class A common stock of OneWater