Fox Factory Hldg Corp SEC Filings

Fox Factory Holding Corp. reported mixed Q3 results as it continues to navigate a challenging year. Net sales were $376,355 for the quarter, lifting year-to-date revenue to $1,106,249. Q3 gross profit was $114,452 and the company posted a small net loss of $662 for the quarter.

Year-to-date results reflect a significant non-cash charge: a goodwill impairment of $262,129 recorded earlier in 2025, contributing to a net loss of $257,691 and diluted EPS of $(6.17) for the nine months. Operating cash flow remained positive at $42,766 for the period, while capital expenditures were $27,169.

Balance sheet and liquidity: cash and cash equivalents were $65,372. Debt included a revolver of $151,000 and term loans of $512,365 (less current portion). Total assets were $1,974,924 and stockholders’ equity was $955,969. Shares outstanding were 41,801,357 as of October 30, 2025.

Business mix: Q3 segment sales were $125,872 for Powered Vehicles Group, $117,767 for Aftermarket Applications Group, and $132,716 for Specialty Sports Group.

Fox Factory Holding Corp. furnished a press release with financial results for its third fiscal quarter ended October 3, 2025. The information was provided under Item 2.02 of Form 8-K and is deemed furnished, not filed under the Exchange Act or incorporated by reference except by specific reference. The press release is included as Exhibit 99.1, with the cover page Inline XBRL data as Exhibit 104.

Fox Factory Holding Corp. amended its credit facilities, replacing existing loans with a $537.5 million term loan and a $500.0 million revolving credit facility, plus an incremental facility of up to $175.0 million and additional capacity if the Consolidated Net Leverage Ratio is below 3.25%. The term loan amortizes at $6,718,750 quarterly, with all amounts under the term and revolver due on October 24, 2030.

Borrowings may be SOFR loans with a margin of 1.00%–2.50%, or base rate loans with a margin of 0.00%–1.50%, subject to floors. Financial covenants require a Consolidated Net Leverage Ratio not to exceed 4.50 for quarters ending October 3, 2025 through January 2, 2026, stepping down to 4.25 for the quarter ending April 3, 2026 and 4.00 thereafter, and a Consolidated Interest Coverage Ratio of at least 2.75. Limits temporarily increase by 0.50 for four quarters after a permitted acquisition over $75.0 million.

The company borrowed $710 million at closing ($537.5 million term and $172.5 million revolver) to repay prior debt and for general corporate purposes.

RWWM, Inc., a California-based registered investment adviser, has filed Amendment No. 2 to Schedule 13G for Fox Factory Holding Corp. (FOXF) dated 30 June 2025.

• Aggregate beneficial ownership: 3,259,077 common shares, equal to 7.81 % of the outstanding class.
• Control structure: RWWM holds sole dispositive power over the full stake but no sole or shared voting power; voting rights reside with underlying clients.
• Related filers include the RWWM Inc. 401(k) Profit Sharing Plan (29,646 shares, 0.07 %) and principals Scott P. Roseman and Aaron J. Wagner, each reporting beneficial ownership of the same 3.26 million-share position through shared dispositive authority.
• The filing is made under Rule 13d-1(b) indicating a passive investment; the certification states the securities were acquired in the ordinary course and not for the purpose of influencing control.

The disclosure confirms that RWWM’s clients, not the adviser, enjoy economic benefits (dividends, sale proceeds) from the shares. No other entities are identified as part of a group, and there is no notice of group dissolution.