Fox Factory Holding Corp. filed a Form 10-Q with the SEC on November 6, 2026, covering the quarterly period ended October 2, 2026, reporting significant losses and divestiture activity for both the three- and nine-month periods.

Key Highlights

  • Nine-month net loss: Fox Factory reported a net loss attributable to FOX stockholders of $120,563 thousand for the nine months ended October 2, 2026, compared to a net loss of $257,584 thousand in the same period of the prior year.
  • Third-quarter net loss: Net loss attributable to FOX stockholders was $109,620 thousand for the three months ended October 2, 2026, versus $634 thousand in the prior-year quarter.
  • Losses on divestitures: The company recorded $121,331 thousand in losses on divestitures in Q3 2026 and $131,943 thousand for the nine-month period, with no comparable charges in the prior-year periods.
  • Revenue decline: Net sales were $338,413 thousand for Q3 2026, down from $376,355 thousand in Q3 2025; nine-month net sales were $1,065,192 thousand versus $1,106,249 thousand a year earlier.
  • Total assets contracted: Total assets stood at $1,221,674 thousand as of October 2, 2026, compared to $1,671,749 thousand as of January 2, 2026.
  • Debt reduction: Term loan (less current portion) declined to $265,550 thousand from $496,663 thousand, and the revolver balance fell to $105,000 thousand from $150,000 thousand.
  • Shares outstanding: As of October 29, 2026, there were 42,031,897 shares of common stock outstanding.

Fox Factory's Q3 2026 Results: Divestiture Losses Drive Quarterly and Year-to-Date Shortfalls

According to the filing, Fox Factory Holding Corp. (NASDAQ:FOXF) reported net sales of $338,413 thousand for the three months ended October 2, 2026, a decrease from $376,355 thousand in the comparable prior-year quarter. Gross profit for the quarter was $106,584 thousand, compared to $114,452 thousand in Q3 2025. The company disclosed a loss from operations of $98,617 thousand for the quarter, driven in large part by $121,331 thousand in losses on divestitures, with no equivalent charge in the prior-year period.

For the nine months ended October 2, 2026, the filing reported net sales of $1,065,192 thousand and an operating loss of $85,771 thousand, compared to an operating loss of $216,958 thousand for the same period of 2025, which included $262,129 thousand in goodwill impairment. Nine-month losses on divestitures totaled $131,943 thousand in 2026. Net loss attributable to FOX stockholders for the nine months was $120,563 thousand, or $2.87 per basic and diluted share, versus $257,584 thousand, or $6.17 per share, in the prior-year period.

The condensed consolidated balance sheet as of October 2, 2026 showed total assets of $1,221,674 thousand, down from $1,671,749 thousand at January 2, 2026. The company disclosed notable reductions in goodwill (to $49,275 thousand from $83,575 thousand), trademarks and brands net (to $85,533 thousand from $241,820 thousand), and customer and distributor relationships net (to $50,834 thousand from $137,648 thousand). Total stockholders' equity was $562,849 thousand, compared to $670,184 thousand at the prior fiscal year-end. Retained earnings declined to $210,262 thousand from $330,825 thousand over the same period.

What Was Disclosed

Fox Factory Holding Corp. filed its Form 10-Q for the quarter ended October 2, 2026, disclosing a third-quarter net loss of $109,725 thousand and nine-month net loss of $120,709 thousand, along with significant divestiture losses and a contraction in total assets from $1,671,749 thousand to $1,221,674 thousand since January 2, 2026.