XML 64 R46.htm IDEA: XBRL DOCUMENT
v3.25.2

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents financial information for the Company’s reportable segments for the fiscal years ended June 30, 2025, 2024, and 2023.
Fiscal Year Ended June 30, 2025 |  |  |  |  |  |  |
| Malibu |  | Saltwater Fishing |  | Cobalt |  | Total
Net sales | $ | 312,698 |  |  | $ | 279,635 |  |  | $ | 215,228 |  |  | $ | 807,561 |
Cost of sales (excluding depreciation) | 226,956 |  |  | 226,544 |  |  | 180,141 |  |  | 633,641 |
Sales and marketing expense | 9,693 |  |  | 8,834 |  |  | 4,544 |  |  | 23,071 |
General and administrative expense (excluding depreciation) 1 | 15,476 |  |  | 17,585 |  |  | 12,687 |  |  | 45,748 |
Other segment items 2 | (38) |  |  | — |  |  | — |  |  | (38) |
Segment Adjusted EBITDA | 60,611 |  |  | 26,672 |  |  | 17,856 |  |  | 105,139 |
Reconciliation of segment adjusted EBITDA to income before income taxes: |  |  |  |  |  |  |
Corporate expenses and other 3 |  |  |  |  |  |  | 46,283 |
Depreciation |  |  |  |  |  |  | 31,794 |
Amortization |  |  |  |  |  |  | 6,799 |
Income before income taxes |  |  |  |  |  |  | $ | 20,263 |
Fiscal Year Ended June 30, 2024 |  |  |  |  |  |  |
| Malibu |  | Saltwater Fishing |  | Cobalt |  | Total
Net sales | $ | 279,131 |  |  | $ | 327,542 |  |  | $ | 222,362 |  |  | $ | 829,035 |
Cost of sales (excluding depreciation) | 211,443 |  |  | 264,707 |  |  | 181,659 |  |  | 657,809 |
Sales and marketing expense | 9,094 |  |  | 8,835 |  |  | 4,855 |  |  | 22,784 |
General and administrative expense (excluding depreciation) 1 | 16,056 |  |  | 18,477 |  |  | 13,177 |  |  | 47,710 |
Other segment items 2 | (41) |  |  |  |  |  |  | (41) |
Segment Adjusted EBITDA | 42,579 |  |  | 35,523 |  |  | 22,671 |  |  | 100,773 |
Reconciliation of segment adjusted EBITDA to income before income taxes: |  |  |  |  |  |  |
Corporate expenses and other 3 |  |  |  |  |  |  | 28,445 |
Depreciation |  |  |  |  |  |  | 26,178 |
Amortization |  |  |  |  |  |  | 6,811 |
Goodwill and other intangible asset impairment |  |  |  |  |  |  | 88,389 |
Abandonment of construction in process |  |  |  |  |  |  | 8,735 |
Loss before income taxes |  |  |  |  |  |  | $ | (57,785) |
Fiscal Year Ended June 30, 2023 |  |  |  |  |  |  |
| Malibu |  | Saltwater Fishing |  | Cobalt |  | Total
Net sales | $ | 636,247 |  |  | $ | 449,156 |  |  | $ | 302,962 |  |  | $ | 1,388,365 |
Cost of sales (excluding depreciation) | 422,706 |  |  | 357,208 |  |  | 237,145 |  |  | 1,017,059 |
Sales and marketing expense | 10,728 |  |  | 8,074 |  |  | 5,207 |  |  | 24,009 |
General and administrative expense (excluding depreciation) 1 | 16,078 |  |  | 16,732 |  |  | 11,131 |  |  | 43,941 |
Other segment items 2 | (138) |  |  |  |  |  |  | (138) |
Segment Adjusted EBITDA | 186,873 |  |  | 67,142 |  |  | 49,479 |  |  | 303,494 |
Reconciliation of segment adjusted EBITDA to income before income taxes: |  |  |  |  |  |  |
Corporate expenses and other 3 |  |  |  |  |  |  | 133,283 |
Depreciation |  |  |  |  |  |  | 21,912 |
Amortization |  |  |  |  |  |  | 6,808 |
Income before income taxes |  |  |  |  |  |  | $ | 141,491 |
1 The primary difference between this significant segment expense and “G&A (excluding depreciation)” within the Company’s Consolidated Statements of Operations relates to stock-based compensation, professional fees and litigation settlements which all fall under the "corporate expenses and other" category discussed below. 2 Other segment items include other income. 3 Corporate expenses and other represents costs incurred at the corporate level that are not allocated to the operating segments, specifically relating to certain executive compensation including stock-based compensation, corporate professional fees, litigation settlements, interest expense, adjustments to tax receivable agreement, other corporate costs, and unallocated shared service function expenses. “Corporate expenses and other” is included in the table above to reconcile the total of Segment Adjusted EBITDA to the Company’s consolidated income (loss) before income taxes.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration