FOX Factory Holding Corp income statement
In fiscal 2025, FOX Factory Holding Corp reported revenue of $1.47bn, up 5.3% on the year before, operating income of −$523m (a -35.6% margin) and net income of −$545m, or −$13.03 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Jan 2020 | 2020Jan 2021 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Jan 2025 | 2025Jan 2026 | LTMJul 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 198 | 236 | 273 | 307 | 367 | 403 | 476 | 619 | 751 | 891 | 1,299 | 1,602 | 1,464 | 1,394 | 1,467 | 1,464 |
| Cost of revenue | 141 | 173 | 193 | 212 | 255 | 277 | 321 | 414 | 508 | 601 | 867 | 1,071 | 999 | 970 | 1,024 | 1,032 |
| Gross profit | 57 | 63 | 80 | 94 | 112 | 126 | 154 | 205 | 243 | 290 | 432 | 531 | 465 | 424 | 443 | 433 |
| Research and development | 10 | 10 | 10 | 14 | 17 | 18 | 20 | 26 | 32 | 34 | 47 | 56 | 53 | 60 | 69 | 72 |
| Selling and marketing | 12 | 13 | 14 | 19 | 23 | 26 | 28 | 37 | 43 | 52 | 71 | 91 | 100 | 121 | 132 | 131 |
| General and administrative | 8 | 9 | 11 | 18 | 21 | 28 | 35 | 42 | 49 | 71 | 97 | 116 | 125 | 140 | 152 | 148 |
| Operating income | 23 | 26 | 39 | 35 | 35 | 46 | 67 | 95 | 113 | 114 | 197 | 247 | 160 | 58 | −523 | −267 |
| Interest expense | 2 | 3 | 4 | 1 | 2 | 2 | 2 | 3 | 3 | 9 | 8 | 9 | 19 | 55 | 54 | 50 |
| Income before tax | 21 | 22 | 35 | 34 | 34 | 43 | 64 | 91 | 109 | 105 | 188 | 234 | 139 | 1 | −576 | −328 |
| Income tax | 7 | 8 | 11 | 7 | 9 | 7 | 21 | 6 | 14 | 13 | 25 | 28 | 18 | −6 | −32 | −29 |
| Net income | 14 | 14 | 24 | 28 | 25 | 36 | 43 | 84 | 93 | 91 | 164 | 205 | 121 | 7 | −545 | −299 |
| Diluted EPS | $0.42 | $0.44 | $0.68 | $0.73 | $0.66 | $0.94 | $1.11 | $2.16 | $2.38 | $2.22 | $3.87 | $4.84 | $2.85 | $0.16 | −$13.03 | −$7.12 |
| Diluted shares (average) | 32m | 33m | 36m | 38m | 38m | 38m | 39m | 39m | 39m | 41m | 42m | 42m | 42m | 42m | 42m | 42m |
| EBITDA | 29 | 33 | 47 | 44 | 49 | 55 | 77 | 109 | 130 | 148 | 240 | 296 | 220 | 142 | −431 | −179 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Jan 2025 | 2025 Q1Apr 2025 | 2025 Q2Jul 2025 | 2025 Q3Oct 2025 | 2025 Q4Jan 2026 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 359 | 353 | 355 | 375 | 376 | 361 | 369 | 358 |
| Cost of revenue | 252 | 251 | 245 | 258 | 262 | 259 | 262 | 248 |
| Gross profit | 107 | 102 | 110 | 117 | 114 | 102 | 106 | 110 |
| Research and development | 16 | 15 | 17 | 18 | 19 | 16 | 18 | 19 |
| Selling and marketing | 29 | 31 | 33 | 31 | 33 | 35 | 33 | 29 |
| General and administrative | 32 | 33 | 37 | 39 | 38 | 38 | 39 | 34 |
| Operating income | 19 | 11 | −251 | 19 | 15 | −306 | 6 | 18 |
| Interest expense | 14 | 14 | 13 | 14 | 14 | 12 | 12 | 12 |
| Income before tax | 5 | −4 | −263 | 6 | 2 | −320 | −16 | 6 |
| Income tax | 0 | −4 | −4 | 3 | 2 | −33 | −1 | 2 |
| Net income | 5 | −0 | −260 | 3 | −1 | −287 | −15 | 4 |
| Diluted EPS | $0.11 | $0.00 | −$6.23 | $0.07 | −$0.02 | −$6.86 | −$0.36 | $0.10 |
| EBITDA | 40 | 34 | −228 | 41 | 39 | −283 | 27 | 38 |
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