Marinemax Reports Fiscal 2025 Revenue Down 5% With $31.6 Million Net Loss
Marinemax Inc. reported a revenue decrease of 5.0% to approximately $2.3 billion for the fiscal year ended September 30, 2025, compared to $2.4 billion in the prior year. The decline was attributed to a 2.0% decrease in comparable-store sales and a $73.1 million net decrease from closed stores and manufacturing revenue not eligible for inclusion in comparable-store sales. Gross profit fell by 6.4% to $750.2 million, with gross profit as a percentage of revenue decreasing to 32.5% from 33.0% the previous year. The company reported a net loss attributable to Marinemax Inc. of $31.6 million, or -1.4% of revenue, compared to net income of $38.1 million, or 1.6% of revenue, in the prior year. The decrease in performance was primarily driven by lower new boat margins amid a challenging retail environment and ongoing economic uncertainty.
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