Fox Factory’s Product Revolution: Can New Suspension & Sports Lines Win the Market?

Fox Factory Holding Corp.’s third-quarter financial results for 2025 present a complex mix of positive and negative developments. Overall, the company reported net sales of $376.4 million, marking a 4.8% increase compared to the same period last year. This growth was propelled by its Powered Vehicles Group (PVG) and Aftermarket Applications Group (AAG), although it was somewhat offset by challenges in the Specialty Sports Group (SSG). Focusing on the positive aspects, the PVG segment showed robust performance with a 15% year-over-year increase in net sales, driven by stability in the automotive original equipment (OE) business and growth in the motorized two-wheel space. The company also made significant progress in product development with the launch of advanced suspension systems targeted at the aftermarket, which could open up new revenue streams. Additionally, the AAG platform recorded a 17.4% year-over-year increase in net sales, driven by strength in aftermarket components and upfitting sales.