v3.26.1
Segment Information (Tables)
 9 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Summary of Reportable Segment Financial Information
Reportable segment financial information for the three and nine months ended June 30, 2026 and 2025 is as follows:
Dealership:Three Months Ended
June 30,
20262025
Revenues:
New boat$319,960 $326,134 
Pre-owned boat121,058 125,941 
Finance & insurance income17,293 17,782 
Service, parts & other43,061 42,904 
Total revenues501,372 512,761 
Cost of sales:
New boat (1)262,826 273,691 
Pre-owned boat96,559 103,406 
Service, parts & other23,613 21,234 
Total cost of sales382,998 398,331 
Selling, general and administrative expenses (2)75,427 76,454 
Interest expense - floor plan6,763 7,340 
Segment income$36,184 $30,636 
(1) Cost of sales - new boat excludes restructuring impairment charges.
(2) Selling, general and administrative expenses exclude equity-based compensation.
Distribution:Three Months Ended
June 30,
20262025
Revenues:
Service, parts & other29,339 40,103 
Cost of sales:
Service, parts & other (1)19,955 24,669 
Selling, general and administrative expenses7,810 13,225 
Segment income1,574 2,209 
(1) Cost of sales - Service, parts & other excludes depreciation and amortization
Three Months Ended
June 30,
Reconciliation of segment income:20262025
Dealership segment income36,184 30,636 
Distribution segment income1,574 2,209 
Segment income37,758 32,845 
Interest expense - other(7,070)(9,041)
Restructuring and impairment(304)(727)
Change in fair value of contingent consideration— (144)
Equity-based compensation(4,006)(2,459)
Transaction costs(210)(175)
Depreciation and amortization(4,352)(6,301)
Other income, net150 224 
Net income before income tax expense21,966 14,222 
Three Months Ended
June 30,
Interest expense - other:20262025
Dealership segment7,070 9,041 
Distribution segment— — 
Total interest expense - other7,070 9,041 
Dealership:Nine Months Ended
June 30,
20262025
Revenues:
New boat825,267 883,631 
Pre-owned boat285,840 272,467 
Finance & insurance income40,206 42,185 
Service, parts & other109,748 108,393 
Total revenues1,261,061 1,306,676 
Cost of sales:
New boat (1)681,366 742,982 
Pre-owned boat229,022 222,865 
Service, parts & other56,131 52,145 
Total cost of sales966,519 1,017,992 
Selling, general and administrative expenses (2)217,988 216,208 
Interest expense - floor plan20,530 21,870 
Segment income56,024 50,606 
(1) Cost of sales - new boat excludes restructuring impairment charges.
(2) Selling, general and administrative expenses exclude equity-based compensation.
Distribution:Nine Months Ended
June 30,
20262025
Revenues:
Service, parts & other92,504 105,523 
Cost of sales:
Service, parts & other (1)63,506 67,456 
Selling, general and administrative expenses27,319 36,064 
Segment income1,679 2,003 
(1) Cost of sales - Service, parts & other excludes depreciation and amortization
Nine Months Ended
June 30,
Reconciliation of segment income:20262025
Dealership segment income56,024 50,606 
Distribution segment income1,679 2,003 
Segment income57,703 52,609 
Interest expense - other(23,051)(27,129)
Restructuring and impairment(14,330)(3,013)
Change in fair value of contingent consideration(203)(452)
Equity-based compensation(8,947)(6,717)
Transaction costs(2,846)(1,111)
Depreciation and amortization(13,795)(18,509)
Other expense, net(1,031)(853)
Net loss before income tax expense (benefit)(6,500)(5,175)
Nine Months Ended
June 30,
Interest expense - other:20262025
Dealership segment23,051 27,129 
Distribution segment— — 
Total interest expense - other23,051 27,129 
Assets:June 30, 2026September 30, 2025
Dealership segment1,243,700 1,276,828 
Distribution segment60,311 126,997 
Total Assets1,304,011 1,403,825