v3.26.1
Stockholders’ Equity (Tables)
 9 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Summary of Restricted Stock Units Activity
The following table further summarizes activity related to restricted stock units for the nine months ended June 30, 2026:
Restricted Stock Unit Awards
Number of Shares Weighted Average
Grant Date Fair Value
Unvested at September 30, 2025657,818$25.29 
Awarded817,62915.82 
Vested(310,005)25.12 
Forfeited(14,228)19.30 
Unvested at June 30, 20261,151,214$18.69 
Summary of Calculation of Net (Loss) Earnings Per Share
The following table sets forth the calculation of net earnings (loss) per share for the three and nine months ended June 30, 2026 and 2025 (in thousands, except per share data):
Three Months Ended
June 30,		Nine Months Ended
June 30,
Net earnings (loss) per share:2026202520262025
Numerator:
Net income (loss) attributable to OneWater Inc$11,673 $10,715 $(8,939)$(1,624)
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net earnings (loss) per share16,61816,31316,58815,700
Effect of dilutive securities:
Restricted stock units333120——
Employee stock purchase plan 311——
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net earnings (loss) per share16,95416,44416,58815,700
Net earnings (loss) per share of Class A common stock – basic$0.70 $0.66 $(0.54)$(0.10)
Net earnings (loss) per share of Class A common stock – diluted$0.69 $0.65 $(0.54)$(0.10)
Summary of Antidilutive Securities Excluded From Calculation
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted net earnings (loss) per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion (in thousands):
Three Months Ended
June 30,		Nine Months Ended
June 30,
2026202520262025
Class B common stock———596
Restricted Stock Units—8256118
Employee Stock Purchase Plan——78
—8263722
Summary of Weighted Average Assumptions
The following are the assumptions used for the periods ended June 30, 2026 and 2025:
20262025
Dividend yield0.0%0.0%
Risk-free interest rate
3.6 - 4.3%
4.3 - 5.4%
Volatility
52.4 - 68.0%
55.0 - 65.5%
Expected lifeSix monthsSix months