v3.26.1
Segment Reporting (Tables)
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table presents financial information for the Company’s reportable segments for the fiscal years ended June 30, 2026, 2025, and 2024.
Fiscal Year Ended June 30, 2026
MalibuSaltwater FishingCobalt
Saxdor 4
Total
Net sales$312,907 $284,006 $233,374 $84,303 $914,590 
Cost of sales (excluding depreciation)233,341 234,152 195,640 70,667 733,800 
Sales and marketing expense10,895 10,080 5,174 1,331 27,480 
General and administrative expense (excluding depreciation) 1
18,029 17,737 13,229 6,232 55,227 
Other segment items 2
(32)— — 686 654 
Segment Adjusted EBITDA50,674 22,037 19,331 5,387 97,429 
Reconciliation of segment adjusted EBITDA to income before income taxes:
Corporate expenses and other 3
51,030 
Depreciation33,147 
Amortization10,805 
Income before income taxes$2,447 
Fiscal Year Ended June 30, 2025
MalibuSaltwater FishingCobaltTotal
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 expense9,693 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 EBITDA60,611 26,672 17,856 105,139 
Reconciliation of segment adjusted EBITDA to income before income taxes:
Corporate expenses and other 3
46,283 
Depreciation31,794 
Amortization6,799 
Income before income taxes$20,263 
Fiscal Year Ended June 30, 2024
MalibuSaltwater FishingCobaltTotal
Net sales$279,131 $327,542 $222,362 $829,035 
Cost of sales (excluding depreciation)211,443 264,707 181,659 657,809 
Sales and marketing expense9,094 8,835 4,855 22,784 
General and administrative expense (excluding depreciation) 1
16,056 18,477 13,177 47,710 
Other segment items 2
(41)(41)
Segment Adjusted EBITDA42,579 35,523 22,671 100,773 
Reconciliation of segment adjusted EBITDA to income before income taxes:
Corporate expenses and other 3
28,445 
Depreciation26,178 
Amortization6,811 
Goodwill and other intangible asset impairment88,389 
Abandonment of construction in process8,735 
Loss before income taxes$(57,785)
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, acquisition and integration related expenses, and litigation settlements which all fall under the "corporate expenses and other" category discussed below.
2 Other segment items includes other income (expense) including items such as sublease income and currency translation.
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, acquisition and integration related expenses, 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.
4 Saxdor was acquired on March 2, 2026. Given the recent nature of the acquisition the Company has not yet allocated corporate costs to this segment.
Schedule of Financial Information by Geographical Region The following table presents financial information by geographical region:
202620252024
Tangible Long-Lived Assets
US226,476 90.7 %235,457 99.8 %244,056 99.8 %
International23,187 9.3 %420 0.2 %545 0.2 %
Total$249,663 100 %$235,877 100 %$244,601 100 %