Fox Factory Holding (FOXF) financial statements
Fox Factory Holding reported revenue of $1.5B in fiscal 2025, up 15.4% a year over 9 years.
Net income was -$545M and the operating margin -35.6%, against 11.3% in 2016.
Free cash flow was $27M.
The diluted share count rose 11% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Fox Factory Holding's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $403M | $476M | $619M | $751M | $891M | $1.3B | $1.6B | $1.5B | $1.4B | $1.5B |
| Cost of revenue | $277M | $321M | $414M | $508M | $601M | $867M | $1.1B | $999M | $970M | $1.0B |
| Gross profit | $126M | $154M | $205M | $243M | $290M | $432M | $531M | $465M | $424M | $443M |
| Research and development | $18M | $20M | $26M | $32M | $34M | $47M | $56M | $53M | $60M | $69M |
| Selling, general and admin | $53M | $63M | $79M | $92M | $124M | $168M | $207M | $225M | $261M | $284M |
| Operating income | $46M | $67M | $95M | $113M | $114M | $197M | $247M | $160M | $58M | -$523M |
| Interest expense | $2M | $2M | $3M | $3M | $9M | $8M | $9M | $19M | $55M | $54M |
| Pre-tax income | $43M | $64M | $91M | $109M | $105M | $188M | $234M | $139M | $1M | -$576M |
| Income tax | $7M | $21M | $6M | $14M | $13M | $25M | $28M | $18M | -$6M | -$32M |
| Net income | $36M | $43M | $84M | $93M | $91M | $164M | $205M | $121M | $7M | -$545M |
| EPS (diluted) | $0.94 | $1.11 | $2.16 | $2.38 | $2.22 | $3.87 | $4.84 | $2.85 | $0.16 | -$13.03 |
| Diluted shares | 38M | 39M | 39M | 39M | 41M | 42M | 42M | 42M | 42M | 42M |
| Gross margin | 31.4% | 32.5% | 33.2% | 32.3% | 32.5% | 33.3% | 33.2% | 31.7% | 30.4% | 30.2% |
| Operating margin | 11.3% | 14.1% | 15.3% | 15.0% | 12.8% | 15.2% | 15.4% | 10.9% | 4.1% | -35.6% |
| Net margin | 8.9% | 9.1% | 13.6% | 12.4% | 10.2% | 12.6% | 12.8% | 8.3% | 0.5% | -37.1% |
Balance sheet
Fiscal years, from Fox Factory Holding's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $35M | $36M | $28M | $44M | $246M | $180M | $145M | $84M | $72M | $58M |
| Receivables | $62M | $61M | $79M | $92M | $121M | $142M | $200M | $171M | $166M | $191M |
| Inventory | $71M | $85M | $107M | $129M | $127M | $280M | $351M | $372M | $405M | $389M |
| Total current assets | $183M | $200M | $232M | $282M | $582M | $725M | $798M | $768M | $728M | $746M |
| Property, plant and equipment | $32M | $44M | $65M | $108M | $163M | $192M | $202M | $237M | $246M | $235M |
| Goodwill | $58M | $88M | $89M | $94M | $289M | $323M | $324M | $637M | $640M | $84M |
| Total assets | $336M | $425M | $485M | $609M | $1.3B | $1.5B | $1.6B | $2.2B | $2.2B | $1.7B |
| Total current liabilities | $87M | $83M | $97M | $92M | $165M | $230M | $259M | $222M | $260M | $260M |
| Long-term debt | $63M | $58M | $53M | $0 | $377M | $361M | $0 | $359M | $528M | $497M |
| Total liabilities | $151M | $177M | $150M | $171M | $567M | $622M | $497M | $1.0B | $1.0B | $1.0B |
| Shareholders' equity | $185M | $235M | $321M | $422M | $719M | $894M | $1.1B | $1.2B | $1.2B | $670M |
| Net debt | $31M | $27M | $31M | -$44M | $144M | $199M | -$145M | $290M | $480M | $466M |
Cash flow
Fiscal years, from Fox Factory Holding's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $39M | $48M | $65M | $75M | $82M | $63M | $187M | $179M | $132M | $61M |
| Capital spending | $12M | $17M | $30M | $54M | $57M | $55M | $44M | $47M | $44M | $34M |
| Free cash flow | $27M | $31M | $35M | $21M | $26M | $8M | $143M | $132M | $88M | $27M |
| Stock-based compensation | $6M | $9M | $7M | $7M | $9M | $14M | $16M | $16M | $10M | $14M |
| Share buybacks (net) | -$8M | $0 | $0 | — | — | $0 | $0 | -$25M | -$25M | $0 |
| Free cash flow margin | 6.7% | 6.6% | 5.7% | 2.8% | 2.9% | 0.6% | 8.9% | 9.0% | 6.3% | 1.8% |
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Open FOXF in InvestinglyQuestions
What was Fox Factory Holding's revenue in 2025?
$1.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Fox Factory Holding generate?
$27M in fiscal 2025 (operating cash flow minus capital spending).
From Fox Factory Holding's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.