v3.25.1
Stockholders’ Equity (Tables)
 6 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Summary of Restricted Stock Units Activity
The following table further summarizes activity related to restricted stock units for the six months ended March 31, 2025:
Restricted Stock Unit Awards
Number of Shares Weighted Average
Grant Date Fair Value
Unvested at September 30, 2024542,119$27.20 
Awarded364,05023.91 
Vested(238,352)27.54 
Forfeited— — 
Unvested at March 31, 2025667,817$25.29 
Summary of Calculation of Net (Loss) Earnings Per Share
The following table sets forth the calculation of net loss per share for the three months ended March 31, 2025 and 2024 (in thousands, except per share data):
Net loss per share:Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Numerator:  
Net loss attributable to OneWater Inc$(368)$(3,969)
  
Denominator:  
Weighted-average number of unrestricted outstanding common shares used to calculate basic net loss per share15,96814,579
Effect of dilutive securities:  
Restricted stock units——
Employee stock purchase plan ——
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net loss per share15,96814,579
  
Net loss per share of Class A common stock – basic$(0.02)$(0.27)
Net loss per share of Class A common stock – diluted$(0.02)$(0.27)
The following table sets forth the calculation of net loss per share for the six months ended March 31, 2025 and 2024 (in thousands, except per share data):
Net loss per share:Six Months Ended March 31, 2025Six Months Ended March 31, 2024
Numerator:
Net loss attributable to OneWater Inc$(12,339)$(11,139)
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net loss per share15,39314,559
Effect of dilutive securities:
Restricted stock units——
Employee stock purchase plan ——
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net loss per share15,39314,559
Net loss per share of Class A common stock – basic$(0.80)$(0.77)
Net loss per share of Class A common stock – diluted$(0.80)$(0.77)
Summary of Antidilutive Securities Excluded From Calculation
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted net loss per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion (in thousands):
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Class B common stock3451,430
Restricted Stock Units111480
Employee Stock Purchase Plan226
4581,936
Six Months Ended March 31, 2025Six Months Ended March 31, 2024
Class B common stock8941,430
Restricted Stock Units112488
Employee Stock Purchase Plan626
1,0121,944
Summary of Weighted Average Assumptions
The following are the assumptions used for the periods ended March 31, 2025 and 2024:
20252024
Dividend yield0.0 %0.0 %
Risk-free interest rate
4.3 - 5.4%
5.2 - 5.5%
Volatility
55.0 - 65.5%
37.6 - 62.7%
Expected lifeSix monthsSix months