v3.26.1
Revenue Recognition
12 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The following table disaggregates the Company's revenue by major product type and geography:
Fiscal Year Ended June 30, 2026
MalibuSaltwater FishingCobaltSaxdorConsolidated
Revenue by product:
Boat and trailer sales$296,314 $282,589 $229,889 $83,534 $892,326 
Part and other sales16,593 1,417 3,485 769 22,264 
Net sales$312,907 $284,006 $233,374 $84,303 $914,590 
Revenue by geography:
US$262,534 $276,026 $213,423 $11,264 $763,247 
International50,373 7,980 19,951 73,039 151,343 
Net sales$312,907 $284,006 $233,374 $84,303 $914,590 
Fiscal Year Ended June 30, 2025
MalibuSaltwater FishingCobaltConsolidated
Revenue by product:
Boat and trailer sales$296,980 $277,218 $212,128 $786,326 
Part and other sales15,718 2,417 3,100 21,235 
Net sales$312,698 $279,635 $215,228 $807,561 
Revenue by geography:
US$268,095 $263,761 $199,581 $731,437 
International44,603 15,874 15,647 76,124 
Net sales$312,698 $279,635 $215,228 $807,561 
Fiscal Year Ended June 30, 2024
MalibuSaltwater FishingCobaltConsolidated
Revenue by product:
Boat and trailer sales$264,811 $325,993 $219,188 $809,992 
Part and other sales14,320 1,549 3,174 19,043 
Net sales$279,131 $327,542 $222,362 $829,035 
Revenue by geography:
US$227,352 $308,307 $202,455 $738,114 
International51,779 19,235 19,907 90,921 
Net sales$279,131 $327,542 $222,362 $829,035 
Boat and Trailer Sales
Consists of sales of boats and trailers to the Company's dealer network, net of sales returns, discounts, rebates and free flooring incentives. Boat and trailer sales also includes optional boat features. Sales returns consist of boats returned by dealers under the Company's warranty program. Rebates, free flooring and discounts are incentives that the Company provides to its dealers based on sales of eligible products.
Part and Other Sales
Consists primarily of parts and accessories sales, royalty income and clothing sales. Parts and accessories sales include replacement and aftermarket boat parts and accessories sold to the Company's dealer network. Royalty income is earned from license agreements with various boat manufacturers, including Nautique, Chaparral, MasterCraft, and Tige related to the use of the Company's intellectual property.
Customer Deposits
Consists of cash payments received from dealers prior to the transfer of control of a boat to the customer. Customer deposits represent advance consideration received by the Company and are recognized as a liability until the related performance obligation is satisfied upon shipment or delivery of the boat to the dealer, at which point the deposit is recognized as revenue in accordance with the Company's revenue recognition policy. The Company expects all $49.4 million of customer deposits to be recognized in revenue fiscal year 2027.
The following table provides information about customer deposits and the significant changes in the balances during the year ended June 30, 2026:
Fiscal Year Ended June 30,
202620252024
Beginning balance$3,508 $4,270 $4,054 
Add: Current year customer deposits163,180 72,885 88,770 
Additions for Saxdor acquisition42,073 — — 
Less: Revenue recognized159,319 73,647 88,554 
Ending balance$49,442 $3,508 $4,270