How did Malibu Boats' revenue and expenses trend in Q2 2025?

**Malibu Boats' revenue and expenses in Q2 2025 showed notable improvements**, driven primarily by increased unit volumes and favorable model mix across all segments, along with inflation-driven year-over-year price increases. Here's a detailed analysis:

1. **Revenue Trend**: Malibu Boats reported a revenue of $228.6 million for Q3 2025, which represents a significant increase of 12.4% year-over-year. This growth was primarily driven by increased unit volumes in the Malibu segment and a favorable model mix across all segments. The company's focus on innovation and quality in their products contributed to this revenue growth.
2. **Expense Trend**: The company's operating expenses, other expenses, and revenue for Q2 2025 are not available. However, the available data for Q3 2025 shows that despite the revenue growth, there was a slight miss in the non-GAAP EPS, with the company reporting $0.72 per share, which was $0.02 below analyst expectations. This suggests that while revenue growth was strong, there were some cost factors that impacted profitability.
3. **Net Income and Profitability**: Malibu Boats reported a net income of $13.2 million for Q3 2025, which is a substantial improvement from a net loss of $67.8 million in the same quarter of the previous year. The company's gross profit increased by 13.4% to $45.7 million, reflecting improved efficiency and cost management. The company's operating income also showed a significant turnaround, with a profit of $17.4 million compared to a loss of $74.9 million in the same quarter of the previous year.
4. **Segment Performance**: The Malibu segment had a particularly strong performance, with a 69.8% increase in net sales to $102.2 million. However, the Saltwater Fishing and Cobalt segments experienced declines, which partially offset the growth in the Malibu segment.

In conclusion, Malibu Boats saw a robust increase in revenue for Q3 2025, driven by strategic initiatives and market conditions. While there were some cost factors that impacted profitability, the company's overall financial performance showed significant improvements compared to the previous year.