Stockholders’ Equity (Tables)

3 Months Ended

Dec. 31, 2024

Summary of Restricted Stock Units Activity

The following table further summarizes activity related to restricted stock units for the three months ended December 31, 2024:


	Restricted Stock Unit Awards
	Number of Shares	Weighted Average Grant Date Fair Value
Unvested at September 30, 2024	542,119	$	27.20
Awarded	364,050	23.91
Vested	(238,352)	27.54
Forfeited	—	—
Unvested at December 31, 2024	667,817	$	25.29

Summary of Calculation of Net (Loss) Earnings Per Share

The following table sets forth the calculation of net loss per share for the three months ended December 31, 2024 and 2023 (in thousands, except per share data):


Net earnings per share:	Three Months Ended December 31, 2024		Three Months Ended December 31, 2023
Numerator:
Net loss attributable to OneWater Inc	$	(11,971)	$	(7,170)

Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net loss per share	14,831		14,540
Effect of dilutive securities:
Restricted stock units	—		—
Employee stock purchase plan	—		—
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net earnings per share	14,831		14,540

Net loss per share of Class A common stock – basic	$	(0.81)	$	(0.49)
Net loss per share of Class A common stock – diluted	$	(0.81)	$	(0.49)

Summary of Antidilutive Securities Excluded From Calculation

The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted net earnings per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion (in thousands):


	Three Months Ended December 31, 2024	Three Months Ended December 31, 2023
Class B common stock	1,430	1,430
Restricted Stock Units	105	495
Employee Stock Purchase Plan	9	26
	1,544	1,951

Summary of Weighted Average Assumptions

The following are the assumptions used for the periods ended December 31, 2024 and 2023:


	2024		2023
Dividend yield	0.0	%	0.0	%
Risk-free interest rate	5.4%		5.5	%
Volatility	55.0%		37.6	%
Expected life	Six months		Six months