FOXF earnings analysis
What we found in FOXF's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- Strong EPS Recovery
- Earnings per share executed at $0.18 against a prior year loss of $6.23.
- Significant Margin Recovery
- Despite challenges, Q1 gross margin stood at 28.9%, a 200 basis points drop from 30.9% YoY.
- Operating Income Reversal
- Operating income turned to $6.0 million from a loss of $250.6 million in the same quarter last year.
- Segment Performance: PVG Surge
- Powered Vehicles Group revenues rose 17.4% to $143.4 million, driving profitability.
- Reduced Net Loss
- Net loss narrowed to $15.0 million from $259.7 million year-over-year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- Uncertainty in Inventory Management
- Specialty Sports Group experienced a revenue decline of 8.7%, impacted by inventory destocking.
- Increased Interest Expense
- Interest expense rose to $11.9 million from $12.9 million, impacting net income.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.18
- Gross margin
- 28.9%
- Operating margin
- 1.6%
- Segment
- Powered Vehicles Group: $143.4 million (17.4% YoY increase)
- Segment
- Aftermarket Applications Group: $114.8 million (2.6% YoY increase)
- Segment
- Specialty Sports Group: $110.5 million (8.7% YoY decrease)
What they said about what is next.
Management reaffirmed full year guidance for net sales between $1.328 billion and $1.416 billion.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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