| Metric | Value ($ M) | Q2 FY27 | Q3 FY26 |
|---|---|---|---|
| Revenue | 338.41 | 5.5% | 10.1% |
| Total Income | 338.41 | 5.5% | 10.1% |
| Expenditure | 437.03 | 28.3% | 21.0% |
| PBT | -108.19 | 1814.6% | 6778.4% |
| Net Profit | -109.62 | 2806.7% | 17300.0% |
| OPM | -29.14% | 34.03pp | 33.15pp |
| NPM | -32.39% | 33.52pp | 32.22pp |
| EPS | -2.61 | 2710.0% | 12950.0% |
Fox Factory Reports Q3 FY26 Financial Results
06 Nov 2026 · 13h ago
Summary
Fox Factory Holding Corp. reported third quarter fiscal 2026 net sales of $338.4 million, a decrease of 10.1% year-over-year, impacted by divestitures and supply chain pressures. The company reported a net loss of $109.6 million, which included a significant loss on divestitures, but adjusted net income increased to $22.7 million. Adjusted EBITDA rose to $50.4 million, benefiting from tariff refunds, with management highlighting decisive steps taken to simplify the portfolio and reduce debt.
Key Highlights
- 1
Fox Factory Holding Corp. completed the divestiture of Marucci Sports on September 25, 2026, with proceeds allocated to debt reduction.
- 2
Net debt was reduced by $263.5 million since the 2025 fiscal year end, and net leverage decreased to approximately 2.4x.
- 3
Third quarter net sales were $338.4 million, a decrease of 10.1% compared to $376.4 million in the prior year period.
- 4
Net loss attributable to FOX stockholders was $109.6 million, or $2.61 per diluted share, including a $121.3 million loss on divestitures.
- 5
Adjusted net income was $22.7 million, or $0.54 per diluted share, an increase from $9.9 million, or $0.23 per diluted share, in the prior year.
- 6
Adjusted EBITDA was $50.4 million, an increase from $44.4 million in the prior year, and included approximately $12 million of IEEPA tariff refunds.
- 7
Gross margin improved to 31.5% from 30.4% in the prior year quarter, primarily driven by IEEPA tariff refunds.
Management Comments
Doug Grimm
This has been a quarter of significant change for FOX, and we have taken decisive steps to position the Company for improved execution. The divestment of Marucci simplified our portfolio, increased our focus on our core product offerings and allowed us to substantially reduce our debt. Our third quarter results reflect the pressures we described in our October update, including a supply disruption in Powered Vehicles, higher input costs and operational challenges in our Aftermarket Applications’ upfit business. FOX has great brands, great products and a great team, and I believe there is a significant opportunity to turn those strengths into stronger, more consistent financial results. That starts with how we operate. As ‘One FOX’, we are working business-by-business and plant-by-plant to address the issues within our control, streamline our processes and hold ourselves accountable for results. At the same time, we will continue to prioritize investment in the high-performance products that our customers count on.
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