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Stockholders’ Equity (Tables)
 9 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Summary of Restricted Stock Units Activity
The following table further summarizes activity related to restricted stock units for the nine months ended June 30, 2025:
Restricted Stock Unit Awards
Number of Shares Weighted Average
Grant Date Fair Value
Unvested at September 30, 2024542,119$27.20 
Awarded364,05023.91 
Vested(238,352)27.54 
Forfeited(3,999)25.51 
Unvested at June 30, 2025663,818$25.29 
Summary of Calculation of Net (Loss) Earnings Per Share
The following table sets forth the calculation of net earnings per share for the three months ended June 30, 2025 and 2024 (in thousands, except per share data):
Net earnings per share:Three Months Ended June 30, 2025Three Months Ended June 30, 2024
Numerator:  
Net income attributable to OneWater Inc$10,715 $14,683 
  
Denominator:  
Weighted-average number of unrestricted outstanding common shares used to calculate basic net earnings per share16,31314,593
Effect of dilutive securities:  
Restricted stock units120297
Employee stock purchase plan 111
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net earnings per share16,44414,891
  
Net earnings per share of Class A common stock – basic$0.66 $1.01 
Net earnings per share of Class A common stock – diluted$0.65 $0.99 
The following table sets forth the calculation of net (loss) earnings per share for the nine months ended June 30, 2025 and 2024 (in thousands, except per share data):
Net (loss) earnings per share:Nine Months Ended June 30, 2025Nine Months Ended June 30, 2024
Numerator:
Net (loss) income attributable to OneWater Inc$(1,624)$3,544 
Denominator:
Weighted-average number of unrestricted outstanding common shares used to calculate basic net (loss) earnings per share15,70014,571
Effect of dilutive securities:
Restricted stock units—264
Employee stock purchase plan——
Diluted weighted-average shares of Class A common stock outstanding used to calculate diluted net (loss) earnings per share15,70014,835
Net (loss) earnings per share of Class A common stock – basic$(0.10)$0.24 
Net (loss) earnings per share of Class A common stock – diluted$(0.10)$0.24 
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 (loss) per share because the effect of including such potentially dilutive shares would have been antidilutive upon conversion (in thousands):
Three Months Ended June 30, 2025Three Months Ended June 30, 2024
Class B common stock—1,430
Restricted Stock Units8198
Employee Stock Purchase Plan—33
81,661
Nine Months Ended June 30, 2025Nine Months Ended June 30, 2024
Class B common stock5961,430
Restricted Stock Units118251
Employee Stock Purchase Plan828
7221,709
Summary of Weighted Average Assumptions
The following are the assumptions used for the periods ended June 30, 2025 and 2024:
20252024
Dividend yield0.0%0.0%
Risk-free interest rate
4.3 - 5.4%
5.2 - 5.5%
Volatility
55.0 - 65.5%
37.6 - 62.7%
Expected lifeSix monthsSix months