FOX FACTORY HOLDING (FOXF) Company Report

Fox Factory Holding Corp. reported Q3 2025 net sales of $376.4 million, a 5% increase year-over-year, and adjusted EBITDA of $44.4 million, up 6% year-over-year. The company recorded a net loss of $0.6 million, or $0.02 loss per diluted share, and adjusted net income of $9.9 million, or $0.23 per diluted share.
Growth was led by the AAG and PVG segments, with 17.4% and 15% year-over-year net sales growth respectively, while the SSG segment underperformed expectations, declining 11% year-over-year due to a softening consumer environment and inventory reductions by channel partners.
The company updated its full-year 2025 net sales guidance to $1.445 billion - $1.475 billion and adjusted earnings per diluted share guidance to $0.92 - $1.12. This revision is primarily due to the lower-than-expected performance in the SSG segment and the impact of an aluminum supplier fire affecting PVG and AAG volumes in Q4 and likely Q1.
Fox Factory remains on track to deliver its $25 million cost reduction target for fiscal year 2025, with footprint consolidation activities completed early in Q4. The company also reduced its total debt by $17.4 million year-to-date, with debt reduction remaining a top capital allocation priority.

Nov 6, 2025, 9:30 PM

FOX Factory Holding Corp. Reports Q3 Fiscal 2025 Financial Results and Updates Full-Year Outlook

FOXF

Earnings

Guidance Update

Demand Weakening

FOX Factory Holding Corp. reported net sales of $376.4 million for Q3 fiscal 2025, an increase of 4.8% year-over-year, with year-to-date net sales reaching $1,106.2 million, up 6.3%.
The company posted a net loss of $0.6 million, or $0.02 per diluted share, for Q3 fiscal 2025, compared to net income of $4.8 million, or $0.11 per diluted share, in the prior year quarter. Adjusted earnings per diluted share for the quarter were $0.23, down from $0.35 in the prior year quarter, attributed to higher tariff costs and strategic launch investments.
Adjusted EBITDA for Q3 fiscal 2025 increased by 5.7% year-over-year to $44.4 million, with an adjusted EBITDA margin of 11.8%. For the nine months ended October 3, 2025, adjusted EBITDA increased to $133.3 million.
FOX Factory reduced debt by $17 million and extended its credit agreement maturity through October 2030, strengthening its balance sheet.
For Q4 fiscal 2025, net sales are projected to be in the range of $340 million to $370 million, and adjusted earnings per diluted share are expected to be between $0.05 and $0.25. The full fiscal year 2025 outlook includes net sales of $1.445 billion to $1.475 billion and adjusted earnings per diluted share of $0.92 to $1.12.

Nov 6, 2025, 9:10 PM

FOX Factory Holding Corp. Amends Credit Agreement and Borrows $710 Million

FOXF

Debt Issuance

FOX Factory Holding Corp. entered into a Fifth Amendment to its Credit Agreement on October 24, 2025.
The amendment modifies financial covenants, requiring the company to maintain a Consolidated Net Leverage Ratio not to exceed 4.50 for fiscal quarters ending October 3, 2025 through January 2, 2026, 4.25 for the fiscal quarter ending April 3, 2026, and 4.00 for fiscal quarters ending July 3, 2026 and thereafter. These limits can increase by 0.50 (up to 4.50) for four fiscal quarters following a Permitted Acquisition exceeding $75.0 million.
The company is also required to maintain a Consolidated Interest Coverage Ratio of not less than 2.75.
In connection with the amendment, FOX Factory Holding Corp. borrowed $710 million, consisting of a $537.5 million Term Loan and $172.5 million under the Revolving Credit Facility, which was used to repay outstanding amounts under the prior Credit Agreement and for general corporate purposes.

Oct 27, 2025, 8:34 PM

Earnings Transcripts

Quarterly earnings call transcripts for FOX FACTORY HOLDING.

Get instant answers from SEC filings, earnings calls & more

Get instant analysis when filings drop