How did OneWater Marine's revenue and expenses trend in Q1 2025?

OneWater Marine's revenue and expenses in Q1 2025 showed a decline in new boat sales and an increase in pre-owned boat sales, leading to a slight overall revenue decrease and significant impact on net income.

1. **Revenue Trend**:
- **Total Revenue**: OneWater Marine reported a total revenue of $483.52 million for Q1 2025, reflecting a slight decrease from the previous year's $488.32 million.
- **Revenue by Business**:
- New Boat Sales: The revenue from new boat sales was $1.12 billion and $557.5 million, indicating a significant contribution to the total revenue.
- Pre-Owned Boat Sales: Revenue from pre-owned boat sales amounted to $312.19 million and $290.65 million, showing a strong presence in this segment.
- Service, Parts, and Other: Revenue from service, parts, and other activities was $248 million and $146.53 million, suggesting steady growth in this area.
2. **Expense Trend**:
- **Net Income**: The company reported a net loss of $375,000 for Q1 2025, which is a significant indicator of the impact of expenses on the bottom line.
- **Interest Expense**: OneWater Marine had interest expenses of $16.6 million, which could be a significant portion of the total expenses contributing to the net loss.
- **Selling, General, and Administrative (SG&A) Expense**: The SG&A expenses were $93.31 million, which, when combined with other expenses, likely played a crucial role in the net loss.
- **Research and Development Expense**: There were no reported research and development expenses for Q1 2025.

|code|Ticker|Name|Date|Interest Expenses|Interest Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|ONEW|ONEW.O|OneWater Marine|2024 Q2|1.7717E7|25.8667235009946|185|
|ONEW|ONEW.O|OneWater Marine|2024 Q3|1.8298E7|10.809665112335736|185|
|ONEW|ONEW.O|OneWater Marine|2024 Q4|1.8158E7|8.828288882229547|185|
|ONEW|ONEW.O|OneWater Marine|2025 Q1|1.6014E7|-5.600094317377977|185|

In conclusion, OneWater Marine experienced a decline in new boat sales and a slight overall revenue decrease in Q1 2025, which, combined with significant interest and SG&A expenses, led to a net loss. The company's focus on strategic initiatives and market positioning in the marine industry will be crucial for future performance.