$MBUU

Malibu Boats, Inc.

CIK:0001590976|SEC Filings

Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Income Statement [Abstract]
Net sales	$ 914,590	$ 807,561	$ 829,035
Cost of sales	768,070	663,470	681,940
Gross profit	146,520	144,091	147,095
Operating expenses:
Selling and marketing	27,480	23,071	22,784
General and administrative	105,136	92,460	76,323
Goodwill and other intangible asset impairment	0	0	88,389
Abandonment of construction in process	0	0	8,735
Amortization	10,805	6,799	6,811
Operating income (loss)	3,099	21,761	(55,947)
Other expense (income), net
Other income	(2,907)	(385)	(4)
Interest expense	3,559	1,883	1,842
Other expense, net	652	1,498	1,838
Income (loss) before provision (benefit) for income taxes	2,447	20,263	(57,785)
Provision (benefit) for income taxes	740	5,023	(1,342)
Net income (loss)	1,707	15,240	(56,443)
Net income (loss) attributable to non-controlling interest	54	361	(531)
Net income (loss) attributable to Malibu Boats, Inc.	1,653	14,879	(55,912)
Comprehensive (loss) income:
Net income (loss)	1,707	15,240	(56,443)
Other comprehensive (loss) income
Change in cumulative translation adjustment	(5,985)	(448)	142
Other comprehensive (loss) income	(5,985)	(448)	142
Comprehensive (loss) income	(4,278)	14,792	(56,301)
Less: comprehensive (loss) income attributable to non-controlling interest, net of tax	(15)	346	(516)
Comprehensive (loss) income attributable to Malibu Boats, Inc., net of tax	$ (4,263)	$ 14,446	$ (55,785)
Weighted average shares outstanding used in computing net income (loss) per share:
Basic (in shares)	19,304,771	19,664,337	20,439,449
Diluted (in shares)	19,344,924	19,694,677	20,439,449
Net income (loss) available to Class A Common Stock per share:
Basic (in dollars per share)	$ 0.09	$ 0.76	$ (2.74)
Diluted (in dollars per share)	$ 0.09	$ 0.76	$ (2.74)

Consolidated Statements of Cash Flows $ in Thousands	12 Months Ended
Consolidated Statements of Cash Flows $ in Thousands	Jun. 30, 2026 USD ($)	Jun. 30, 2025 USD ($)	Jun. 30, 2024 USD ($)
Operating activities:
Net income (loss)	$ 1,707	$ 15,240	$ (56,443)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Non-cash compensation expense	5,603	5,916	4,935
Non-cash compensation to directors	1,041	1,091	1,512
Depreciation	33,147	31,794	26,178
Amortization	10,805	6,799	6,811
Change in fair value of contingent consideration	(1,597)	0	0
Unrealized gain on foreign currency exchange	(1,053)	0	0
Deferred income taxes	2,004	3,870	(4,355)
Adjustment to tax receivable agreement liability	(1,029)	(347)	36
Other items, net	2,547	2,394	2,217
Goodwill and other intangible asset impairment	0	0	88,389
Abandonment of construction in process	0	0	8,735
Change in operating assets and liabilities, net of effect from acquisition:
Trade receivables	(8,223)	106	45,257
Inventories	20,678	3,373	25,702
Prepaid expenses and other assets	4,011	(493)	1,668
Accounts payable	(4,543)	6,560	(20,612)
Income taxes receivable and payable	(21)	269	(708)
Accrued expenses	6,749	(17,758)	(67,634)
Other liabilities	(3,559)	(2,308)	(1,922)
Payment pursuant to tax receivable agreement	(758)	0	(4,208)
Net cash provided by operating activities	67,509	56,506	55,558
Investing activities:
Purchases of property and equipment	(24,663)	(27,917)	(75,962)
Proceeds from sale of property and equipment	352	543	120
Payment for acquisition, net of cash acquired	(118,305)	0	0
Net cash used in investing activities	(142,616)	(27,374)	(75,842)
Financing activities:
Proceeds from revolving credit facility	165,000	48,000	75,000
Payments on revolving credit facility	(18,000)	(30,000)	(75,000)
Proceeds received from exercise of stock options	0	233	0
Cash paid for tax withholdings	(1,205)	(1,098)	(1,489)
Distributions to non-controlling LLC Unit holders	(204)	0	(890)
Repurchase and retirement of Class A Common Stock	(33,910)	(35,955)	(29,316)
Net cash provided by (used) in financing activities	111,681	(18,820)	(31,695)
Effect of exchange rate changes on cash	843	(255)	(13)
Changes in cash	37,417	10,057	(51,992)
Cash—Beginning of period	37,002	26,945	78,937
Cash—End of period	74,419	37,002	26,945
Supplemental cash flow information:
Cash paid for interest	3,015	1,945	3,046
Cash paid (refund) for income taxes, net	905	(655)	2,125
Non-cash operating, investing and financing activities:
Establishment of deferred tax assets from step-up in tax basis	52	367	1,960
Establishment of amounts payable under tax receivable agreements	26	167	1,320
Exchange of LLC Units for Class A Common Stock	95	691	2,521
Tax distributions payable to non-controlling LLC Unit holders	60	0	0
Class A shares issued for acquisition	41,706	0	0
Contingent consideration issued for acquisition	32,599	0	0
Escrow receivable through earnout holdback	1,709	0	0
Reclassification of properties to assets held for sale	0	3,059	0
ROU assets obtained in exchange for lease liabilities	0	1,787	0
Repurchase/retirement of common stock not settled	0	0	527
Capital expenditures in accounts payable	$ 531	$ 250	$ 1,045

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current assets
Cash	$ 74,419	$ 37,002
Trade receivables, net	33,353	23,034
Inventories, net	180,066	142,163
Prepaid expenses and other current assets	17,634	14,634
Assets held for sale	3,059	3,059
Total current assets	308,531	219,892
Property, plant and equipment, net	249,663	235,877
Goodwill	78,689	51,306
Other intangible assets, net	295,965	168,634
Deferred tax assets	50,419	51,601
Other assets	12,927	7,268
Total assets	996,194	734,578
Current liabilities
Accounts payable	46,790	24,420
Accrued expenses	168,137	109,770
Income taxes and tax distribution payable	392	151
Payable pursuant to tax receivable agreement, current portion	113	271
Total current liabilities	215,432	134,612
Deferred tax liabilities	15,424	14,674
Other liabilities	33,353	7,297
Payable pursuant to tax receivable agreement, less current portion	38,559	40,162
Long-term debt	165,000	18,000
Total liabilities	467,768	214,745
Commitments and contingencies (See Note 18)
Stockholders' Equity
Preferred Stock, par value $0.01 per share; 25,000,000 shares authorized; no shares issued and outstanding as of June 30, 2026; no shares issued and outstanding as of June 30, 2025	0	0
Additional paid in capital	48,567	35,253
Accumulated other comprehensive loss, net of tax	(10,631)	(4,646)
Accumulated earnings	486,317	484,664
Total stockholders' equity attributable to Malibu Boats, Inc.	524,448	515,461
Non-controlling interest	3,978	4,372
Total stockholders’ equity	528,426	519,833
Total liabilities and stockholders' equity	996,194	734,578
Class A Common Stock
Stockholders' Equity
Common stock	195	190
Class B Common Stock
Stockholders' Equity
Common stock	$ 0	$ 0