NASDAQ$MBUU

Malibu Boats Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Malibu Boats reported a 30.4% increase in net sales to $207.0 million for Q4 fiscal 2025.

Malibu Boats Inc. delivered strong Q4 fiscal 2025 results with net sales rising 30.4% year-over-year to $207.0 million, driven by higher unit volumes and favorable model mix. Net income turned positive to $4.8 million and adjusted EBITDA surged to $19.7 million. The company also provided fiscal 2026 guidance of flat to down mid-single-digit net sales and 8-9% adjusted EBITDA margin.

  • Q4 net sales increased 30.4% to $207.0 million with unit volume up 16.8% to 1,221 units.
  • Gross profit rose 162.1% to $32.7 million and gross margin expanded 790 basis points to 15.8%.
  • Net income reached $4.8 million ($0.24 diluted EPS) and adjusted net income per share was $0.42.
  • Fiscal 2026 guidance calls for net sales flat to down mid-single digits and adjusted EBITDA margin of 8-9%.

Headline financials

Total Revenue

$207M

Previous: $159M+30.4%
EPS (adj)

$0.42

Previous: -$0.39+207.7%
Unit volume

1.2K

No prior period
Adjusted EBITDA

$19.7M

No prior period
Adjusted EBITDA margin

9.5%

No prior period
Gross profit margin

15.8%

No prior period
Net sales per unit

$170K

No prior period
Malibu net sales per unit

$141K

No prior period
Saltwater fishing net sales per unit

$226K

No prior period
Cobalt net sales per unit

$164K

No prior period
Net Income

$4.79M

Previous: -$19.2M+124.9%
Operating Income

$6.83M

Previous: -$15.6M+143.7%
Gross Profit

$32.7M

Previous: $10.8M+203.3%
Cash & Equivalents

$37M

No prior period
Total Assets

$735M

No prior period

Revenue & EPS history

Malibu Boats · Revenue · Quarterly

$207M

Q4 2025+30.4%vs Q4 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Malibu Boats · $207M total across 3 segments · Q4 2025

  • Malibu
    $80.3M
  • Saltwater Fishing
    $72.9M
  • Cobalt
    $53.8M

Forward guidance

For fiscal 2026, Malibu anticipates net sales flat to down mid-single digits year-over-year and adjusted EBITDA margin of 8% to 9%.

Tailwinds

  • Dealer inventory reduction completed
  • Eleven new Model Year 2026 models launching
  • Strong cash generation expected to fund growth

Headwinds

  • Several retail headwinds expected to persist
  • Industry demand normalization timing uncertain

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.8%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+2.5%

Avg return

30 days after

58%

29 / 50 earnings

Positive

+18.4%

Q3 2018

Best reaction

-18.2%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-1.1%+9.3%+2.6%
Q2 2026-11.3%-10.2%-25.5%
Q1 2026-12.8%-16.3%-12.8%
Q4 2025+1.2%-3.2%+1.6%
Q3 2025+3.7%+9.2%+5.8%
Q2 2025+1.1%-3.0%-13.2%
Q1 2025+4.1%+3.7%+2.7%
Q4 2024+4.4%+3.5%+12.4%
Q3 2024-1.3%+4.2%+16.3%
Q2 2024-18.2%-9.2%-14.5%
Q1 2024-0.7%+3.4%-2.0%
Q4 2023-5.8%-6.2%-8.6%
Q3 2023-1.5%+2.9%-4.1%
Q2 2023+2.1%-3.3%-6.3%
Q1 2023+2.7%+3.9%+11.8%
Q4 2022-5.7%-8.4%-26.3%
Q3 2022+6.5%+14.6%+13.0%
Q2 2022+8.1%+6.3%-2.3%
Q1 2022+3.7%-0.9%-6.5%
Q4 2021-7.5%-11.3%-13.6%
Q3 2021-5.3%-2.6%-11.2%
Q2 2021+1.2%-2.7%+12.7%
Q1 2021-14.0%-8.2%-0.3%
Q4 2020-0.3%-0.2%-13.6%
Q3 2020+15.5%+12.6%+57.2%
Q2 2020+1.9%+1.7%-20.1%
Q1 2020+12.2%+13.6%+14.4%
Q4 2019+7.5%+9.0%+16.0%
Q3 2019+4.4%+1.9%-9.8%
Q2 2019+4.8%+4.5%+2.3%
Q1 2019+16.4%+12.4%+1.4%
Q4 2018+5.4%+5.6%+3.3%
Q3 2018+18.4%+24.3%+29.9%
Q2 2018+11.6%+15.7%+16.4%
Q1 2018-5.4%-9.9%+0.0%
Q4 2017-2.7%+0.7%+20.6%
Q3 2017+0.7%+4.7%+8.3%
Q2 2017+7.8%+12.8%+14.8%
Q1 2017+2.3%+6.5%+23.7%
Q4 2016+9.1%+5.7%+3.7%
Q3 2016-17.3%
Q2 2016+13.9%
Q1 2016+4.6%
Q4 2015-4.1%
Q3 2015+0.1%
Q2 2015-2.3%
Q1 2015+5.0%
Q4 2014-7.4%
Q3 2014-9.7%
Q2 2014-6.2%
Q1 2014
Q4 2013
Q3 2013
Q2 2012
Q1 2012

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