FOX FACTORY HOLDING CORP (FOXF) Form 10-Q — Nov 5, 2026
Fox Factory's Q3 2026 net loss ballooned to $109.7 million ($2.61 per share) versus a $0.7 million loss a year ago, driven almost entirely by $121.3 million in losses on divestitures of Marucci Sports, Outside Van, and its Arizona AAG businesses. Q3 net sales fell 10.1% to $338.4 million on chassis shortages for upfit businesses, channel destocking, and lost revenue from divested brands, though gross margin improved 110 basis points to 31.5% on tariff refunds. Powered Vehicles Group was the lone growth segment at +4.1%. The company completed its exit from diamond sports, selling Marucci for $200 million cash plus a $25 million note, booking a $116.3 million loss.
Key figures
- Revenue
- 1065192000
- Revenue Yoy
- -3.7% (nine months); -10.1% (Q3)
- Total Assets
- 1221674000
- Cash Position
- 45444000
- Shares Outstanding
- 42031897
- Q3 net sales
- 338413000
- Gross margin q3
- 31.5%
- Marucci loss on sale
- 116287000
- Revolver outstanding
- 105000000
- Marucci consideration
- 225000000
- Term loan outstanding
- 299625000
- Arizona aag loss on sale
- 10139000
- Goodwill impairment prior year
- 262129000
- Repurchase authority remaining
- 250000000
- Operating cash flow nine months
- 74749000
- Losses on divestitures nine months
- 131943000
AI analysis
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