Fox Factory Holding (FOXF) FY2025 results: revenue $1.5 billion, up 5.3% on the year
Fox Factory Holding Corp. (FOXF) reported revenue of $1.5 billion for fiscal 2025, the year ended 2 January 2026, up 5.3% on the year before. Net income was -$545 million, and diluted earnings per share $-13.03. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2026.
Revenue
$1.5 billion
+5.3% on the year
FY2018FY2025
Operating margin
-35.6%
4.1% a year earlier
FY2018FY2025
Net income
-$545 million
FY2018FY2025
Diluted EPS
-$13.03
FY2018FY2025
this yearthe year beforeHover a bar for its figure.
The year in brief
What management said about the year
Guidance figures: 7 new.
Fourth-quarter sales rose 2.3%: Fourth-quarter net sales were $361.1 million, up from $352.8 million. The net loss was $287.0 million, or $6.86 per diluted share, against breakeven a year earlier.
Goodwill impairment drove operating expenses: Fourth-quarter operating expenses were $408.1 million, or 113.0% of net sales, with goodwill impairment of $295.2 million, intangible and long-lived asset impairment, and restructuring cited as main drivers.
Phase 1 savings offset by tariffs: Phase 1 of the profit optimization plan produced about $25 million of savings in fiscal 2025, offset by about $25 million of realized net tariff impact.
Goodwill fell to $83.6 million: Goodwill was $83.6 million, down from $639.5 million, after two non-cash impairment charges in the first and fourth quarters of fiscal 2025.
Phase 2 has three elements: Phase 2 covers exiting business lines that are not accretive on margin, supply chain and materials productivity, and cuts to sales, marketing and G&A spending.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Operating cash flow
60.9
132
179
-53.8%
Capital expenditure
34.0
44.0
46.9
-22.9%
Free cash flow
27.0
87.8
132
-69.3%
Free cash flow margin
1.8%
6.3%
9.0%
Cash from investing
-34.0
-76.3
-750
Cash from financing
-40.0
-67.3
509
Depreciation and amortisation
92.3
83.9
60.1
+10.0%
Share-based compensation
14.3
9.6
16.5
+48.5%
Buybacks
0.0
25.0
25.0
Diluted shares, weighted
42m
42m
42m
+0.2%
Shares outstanding at period end
42m
42m
42m
+0.3%
Balance sheet
$ million
FY2025
FY2024
FY2023
On the year
Last 8 years
Shareholders' equity
670
1,201
1,222
-44.2%
Redeemable equity
-0.2
-0.0
0.0
Debt
674
705
744
-4.5%
Operating lease liabilities
89.8
88.2
69.2
+1.8%
Other liabilities
238
238
208
+0.2%
Total liabilities and equity
1,672
2,232
2,242
-25.1%
Fixed assets
235
246
237
-4.8%
Goodwill
83.6
640
637
-86.9%
Intangible assets
399
449
483
-11.0%
Cash and equivalents
58.0
71.7
83.6
-19.1%
Receivables
191
166
171
+15.0%
Inventory
389
405
372
-4.0%
Other assets
317
255
259
+24.1%
Total assets
1,672
2,232
2,242
-25.1%
10-K for the year ended 2 January 2026, filed 27 February 2026: the filing.