$HZO

MARINEMAX INC

CIK:0001057060|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 611,258	$ 657,159	$ 1,643,848	$ 1,757,135
Cost of sales	393,180	457,538	1,084,014	1,198,349
Gross profit	218,078	199,621	559,834	558,786
Selling, general, and administrative expenses	180,859	172,106	506,857	469,558
Goodwill impairment		69,055		69,055
Income (loss) from operations	37,219	(41,540)	52,977	20,173
Interest expense	14,310	16,936	44,825	53,860
Income (loss) before income tax provision (benefit)	22,909	(58,476)	8,152	(33,687)
Income tax provision (benefit)	7,262	(6,506)	3,315	(3,003)
Net income (loss)	15,647	(51,970)	4,837	(30,684)
Less: Net income attributable to non-controlling interests	286	176		96
Net income (loss) attributable to MarineMax, Inc.	$ 15,361	$ (52,146)	$ 4,837	$ (30,780)
Basic net income (loss) per common share	$ 0.7	$ (2.42)	$ 0.22	$ (1.38)
Diluted net income (loss) per common share	$ 0.66	$ (2.42)	$ 0.21	$ (1.38)
Weighted average number of common shares used in computing net income (loss) per common share:
Basic	22,068,431	21,515,092	22,012,594	22,249,076
Diluted	23,157,811	21,515,092	22,827,827	22,249,076

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025	Dec. 31, 2024	Jun. 30, 2026	Jun. 30, 2025	Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 15,647	$ (8,095)	$ (51,970)	$ 18,124	$ 4,837	$ (30,684)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization					37,888	36,385
Deferred income tax (benefit), net of effects of acquisitions					(866)	(14,778)
Goodwill impairment			69,055			69,055
Weather (recoveries) expenses					(2,124)	4,748
Change in fair value of contingent consideration					(331)	(25,652)
Gain on sale of property and equipment and assets held for sale					(3,479)	(744)
Proceeds from insurance settlements						117
Stock-based compensation expense					11,239	16,438
(Increase) decrease in, net of effects of acquisitions -
Accounts receivable, net					13,333	(1,953)
Inventories					78,686	(3,447)
Prepaid expenses and other assets					1,139	(2,215)
(Decrease) increase in, net of effects of acquisitions -
Accounts payable					(12,589)	(10,171)
Contract liabilities (customer deposits)					15,690	(15,473)
Accrued expenses and other liabilities					14,131	(10,272)
Net cash provided by operating activities					157,554	11,354
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment					(27,535)	(47,414)
Cash used in acquisition of businesses, net of cash acquired						(10,482)
Proceeds from insurance settlements					2,228	1,764
Issuance of notes receivable						(2,811)
Proceeds from trade name and warranties assumed in asset exchange agreement						6,170
Proceeds from sale of property and equipment and other assets					11,988	10,708
Net cash used in investing activities					(13,319)	(42,065)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (repayments) borrowings on short-term borrowings (Floor Plan)					(105,607)	26,221
Proceeds from long-term debt						36,540
Payments of long-term debt					(28,833)	(25,325)
Payments of debt issuance, debt extinguishment, and other financing costs					(2,743)
Contingent acquisition consideration payments						(51,127)
Net proceeds from issuance of common stock under incentive compensation and employee purchase plans					2,572	2,591
Payments on tax withholdings for equity awards					(4,614)	(4,520)
Purchase of treasury stock						(27,480)
Net cash used in financing activities					(139,225)	(43,100)
Effect of exchange rate changes on cash					(582)	502
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS					4,428	(73,309)
CASH AND CASH EQUIVALENTS, beginning of period		$ 170,351		$ 224,326	170,351	224,326	$ 224,326
CASH AND CASH EQUIVALENTS, end of period	$ 174,779		$ 151,017		174,779	151,017	$ 170,351
Cash paid or received for:
Interest paid					47,741	58,145
Income taxes paid					$ 480	$ 2,013

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Sep. 30, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 174,779	$ 170,351
Accounts receivable, net	95,111	108,288
Inventories	788,642	867,328
Prepaid expenses and other current assets	28,244	34,912
Total current assets	1,086,776	1,180,879
Property and equipment, net of accumulated depreciation of $225,217 and $196,574	541,674	552,546
Operating lease right-of-use assets, net	135,832	137,915
Goodwill	525,117	526,931
Other intangible assets, net	34,010	35,416
Other long-term assets	34,928	36,751
Total assets	2,358,337	2,470,438
CURRENT LIABILITIES:
Accounts payable	43,857	56,378
Contract liabilities (customer deposits)	61,389	45,699
Accrued expenses	128,375	121,042
Short-term borrowings (Floor Plan)	608,320	715,679
Current maturities on long-term debt	27,525	35,593
Current operating lease liabilities	11,493	10,489
Total current liabilities	880,959	984,880
Long-term debt, net of current maturities	335,172	356,235
Noncurrent operating lease liabilities	127,300	127,969
Deferred tax liabilities, net	46,581	47,447
Other long-term liabilities	4,417	5,154
Total liabilities	1,394,429	1,521,685
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY:
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued or outstanding as of June 30, 2026 and September 30, 2025
Common stock, $.001 par value, 40,000,000 shares authorized, 30,761,801 and 30,543,794 shares issued and 22,086,746 and 21,868,739 shares outstanding as of June 30, 2026 and September 30, 2025, respectively	31	31
Additional paid-in capital	374,264	360,818
Accumulated other comprehensive income	5,251	8,234
Retained earnings	751,221	746,384
Treasury stock, at cost, 8,675,055 shares held as of June 30, 2026 and September 30, 2025	(178,277)	(178,277)
Total shareholders' equity attributable to MarineMax, Inc.	952,490	937,190
Non-controlling interests	11,418	11,563
Total shareholders' equity	963,908	948,753
Total liabilities and shareholders’ equity	$ 2,358,337	$ 2,470,438