10-K · February 27, 2026
Fox Factory’s 10-K emphasizes its premium, innovation-driven strategy across three segments (PVG, AAG, SSG) and cites continued R&D investment ($69.4M in 2025) and recent M&A (Marucci and Marzocchi). Fiscal 2025 showed…
Earnings analysis · 10-Q
FOXF earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Fox Factory reported Q1 2026 results with notable improvements in revenue and margins, posting revenue of $368.7 million, surpassing estimates by $16.7 million. EPS showed a strong rebound to $0.18 from prior losses,…
Read full summary
Fox Factory reported Q1 2026 results with notable improvements in revenue and margins, posting revenue of $368.7 million, surpassing estimates by $16.7 million. EPS showed a strong rebound to $0.18 from prior losses, driven primarily by substantial gains in the Powered Vehicles Group segment, while controls on operating expenses greatly reduced net loss to $15.0 million from $259.7 million year-over-year.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.18
What stood out
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Revenue Increase of 3.9% YoY
Total revenue increased to $368.7 million from $355.0 million in Q1 2025, exceeding estimates by $16.7 million.
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Strong EPS Recovery
Earnings per share executed at $0.18 against a prior year loss of $6.23.
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Significant Margin Recovery
Despite challenges, Q1 gross margin stood at 28.9%, a 200 basis points drop from 30.9% YoY.
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Operating Income Reversal
Operating income turned to $6.0 million from a loss of $250.6 million in the same quarter last year.
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Segment Performance: PVG Surge
Powered Vehicles Group revenues rose 17.4% to $143.4 million, driving profitability.
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Reduced Net Loss
Net loss narrowed to $15.0 million from $259.7 million year-over-year.
What to watch
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Rising Cost of Sales due to Tariffs
Cost of sales increased to $262.3 million (71.1% of sales), up 6.9% YoY, impacted by tariffs.
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Uncertainty in Inventory Management
Specialty Sports Group experienced a revenue decline of 8.7%, impacted by inventory destocking.
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Increased Interest Expense
Interest expense rose to $11.9 million from $12.9 million, impacting net income.
Management's outlook
Management reaffirmed full year guidance for net sales between $1.328 billion and $1.416 billion.
Earlier filings 4
10-K · February 28, 2025
Fox Factory positions itself as a premium, innovation-led designer and manufacturer of performance-defining suspension, wheel and sports products across three reportable segments (PVG, AAG, SSG) and emphasizes OEM…
10-Q · November 1, 2024
Fox Factory reported Q3 net sales of $359,121 (▲ $28,004 vs prior-year $331,117) but operating profit and EPS contracted sharply: income from operations fell to $18,802 from $41,365 and diluted EPS dropped to $0.11 from…
10-Q · August 2, 2024
Fox Factory posted Q2 net sales of $348,491,000, a decline from $400,715,000 a year earlier, with gross profit of $110,963,000 (gross margin ~31.8%) and operating income of $18,590,000 (operating margin ~5.3%). GAAP…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.