OneWater Marine Q2 revenue falls 8.5% to $442.3 million; net loss widens
OneWater Marine reported fiscal second quarter 2026 results for the period ended March 31, 2026, with revenue down 8.5% to $442.3 million and a GAAP net loss of $12.9 million, or $(0.78) per diluted share, versus a $(0.02) loss a year earlier. The company maintained its fiscal 2026 outlook and repaid $56.6 million of debt using proceeds from the sale of Ocean Bio-Chem, which cut its adjusted long-term net debt ratio to 4.1 times trailing adjusted EBITDA.
Key points
- Total revenue was $442.3 million versus $483.5 million a year earlier; same-store sales fell 8%.
- GAAP net loss was $12.9 million, or $(0.78) per diluted share, including a $5.8 million non-cash trade name impairment; adjusted diluted loss per share was $(0.34) versus adjusted earnings of $0.13.
- Gross profit margin rose 110 basis points to 23.9%, while adjusted EBITDA was $16.3 million versus $17.9 million.
- Fiscal 2026 guidance was maintained: total revenue of $1.78 billion to $1.88 billion and adjusted EBITDA of $60 million to $80 million.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.