Revenue: As of FY2026 Q1, the actual value is USD 61.94 M, beating the estimate of USD 61.18 M.EPS: As of FY2026 Q1, the actual value is USD -0.09.EBIT: As of FY2026 Q1, the actual value is USD -6.156 M.<h4>Segment Revenue</h4><ul><li>Consolidated sales for the first quarter of 2026 were $61.9 million, a 2.5% increase from $60.4 million in the prior year quarter . Total revenue for Q1 2026 was $61.9 million, representing a +2.5% year-over-year increase from $60.4 million in Q1 2025 .</li><li>Outdoor segment sales increased 1.2% to $44.9 million in Q1 2026, compared to $44.3 million in the year-ago quarter . Outdoor segment revenue increased by +1.2% year-over-year, with sales of $44,872 thousand .</li><li>Adventure segment sales increased 5.9% to $17.1 million in Q1 2026, compared to $16.1 million in the year-ago quarter . Adventure segment revenue grew by +5.9% year-over-year, with sales of $17,066 thousand .</li><li>Domestic sales were $24,880 thousand, while international sales were $37,058 thousand .</li></ul><h4>Gross Margin</h4><ul><li>Gross margin was 36.8% in Q1 2026, compared to 34.4% in the prior year . The gross margin for Q1 2026 was 36.8%, an improvement of +240 basis points year-over-year compared to 34.4% in Q1 2025 .</li><li>Adjusted gross margin was 36.8% in Q1 2026, compared to 34.6% in the prior year .</li><li>Gross profit was $22,763 thousand in Q1 2026, compared to $20,794 thousand in the prior year .</li><li>Adjusted gross profit was $22,763 thousand in Q1 2026, compared to $20,914 thousand in the prior year .</li><li>The Outdoor segment saw a 190 basis points improvement in Q1 gross margin .</li></ul><h4>Net Loss</h4><ul><li>Net loss was - $3.3 million in Q1 2026, with a net loss margin of -5.3%, or - $0.09 per diluted share, compared to a net loss of - $5.2 million, with a net loss margin of -8.7%, or - $0.14 per diluted share in the prior year . The company reported a net loss of - $3,295 thousand for Q1 2026, compared to a net loss of - $5,244 thousand in Q1 2025 . The net loss margin was -5.3% in Q1 2026, improving from -8.7% in Q1 2025 .</li><li>Adjusted net income was $0.7 million, or $0.02 per diluted share, compared to an adjusted net loss of - $1.2 million, or - $0.03 per diluted share in the prior year .</li></ul><h4>Operating Loss</h4><ul><li>Operating loss was - $6,068 thousand in Q1 2026, compared to - $6,762 thousand in the prior year . Operating loss for Q1 2026 was - $218 thousand, an improvement from - $1,837 thousand in Q1 2025 .</li></ul><h4>Operating Expenses</h4><ul><li>Selling, general and administrative expenses were $26.6 million in Q1 2026, consistent with $26.6 million in the prior year .</li><li>Restructuring charges were $853 thousand in Q1 2026, compared to $173 thousand in the prior year .</li><li>Transaction costs were $22 thousand in Q1 2026, compared to $142 thousand in the prior year .</li><li>Legal costs and regulatory matter expenses were $1,379 thousand in Q1 2026, compared to $625 thousand in the prior year . Legal costs and regulatory matter expenses included in adjusted EBITDA were $1.4 million for Q1 2026 and $0.6 million for Q1 2025 .</li><li>Total operating expenses were $28,831 thousand in Q1 2026, compared to $27,556 thousand in the prior year .</li></ul><h4>EBITDA</h4><ul><li>Adjusted EBITDA was - $1.1 million in Q1 2026, with an adjusted EBITDA margin of -1.8%, compared to Adjusted EBITDA of - $1.4 million, with an adjusted EBITDA margin of -2.3% in the prior year . Adjusted EBITDA for Q1 2026 was - $1.1 million, an improvement of + $0.3 million year-over-year from - $1.4 million in Q1 2025 . The Adjusted EBITDA margin was -1.8% in Q1 2026, improving from -2.3% in Q1 2025 . Total Adjusted EBITDA was - $1,115 thousand for Q1 2026, compared to - $1,386 thousand for Q1 2025 .</li><li>EBITDA was - $3,144 thousand in Q1 2026, compared to - $3,655 thousand in the prior year .</li><li>Outdoor segment Adjusted EBITDA was $1,432 thousand in Q1 2026, compared to $1,154 thousand in the prior year, with an Adjusted EBITDA margin of 3.2% compared to 2.6% . The Outdoor segment’s Adjusted EBITDA was $1.4 million .</li><li>Adventure segment Adjusted EBITDA was $227 thousand in Q1 2026, compared to - $211 thousand in the prior year, with an Adjusted EBITDA margin of 1.3% compared to -1.3% . The Adventure segment’s Adjusted EBITDA was $0.2 million .</li></ul><h4>Cash Flow</h4><ul><li>Net cash used in operating activities was - $4.1 million in Q1 2026, compared to - $2.1 million in the prior year quarter .</li><li>Capital expenditures were $1.6 million in Q1 2026, compared to $1.2 million in the prior year quarter .</li><li>Free cash flow was - $5.7 million in Q1 2026, compared to - $3.3 million in the prior year quarter .</li></ul><h4>Liquidity</h4><ul><li>Cash and cash equivalents totaled $29.8 million as of March 31, 2026, compared to $36.7 million at December 31, 2025 . Clarus Corporation was debt-free with $29.8 million of cash on the balance sheet as of March 31, 2026 .</li><li>The balance sheet remained debt-free at the end of both periods .</li></ul><h4>Unique Metrics</h4><ul><li>Sales for the Outdoor segment’s ‘big three’ business units (Mountain, Climb, and Apparel) were up 7% year-over-year, and full-price Apparel sales increased 10% year-over-year .</li><li>The Adventure segment’s Q1 sales increase of 5.9% was driven by strong growth in Australia and new partner relationships in Japan, Scandinavia, and the U.K .</li><li>Clarus Corporation claimed a tariff IEEPA credit estimated to be $6.2 million .</li></ul><h4>Outlook / Guidance</h4>Clarus Corporation revised its fiscal year 2026 sales outlook to range between $245 million and $255 million, and adjusted EBITDA to range between approximately $3 million and $5 million . Capital expenditures are expected to be $9 million, with free cash flows projected to be flat . For the second quarter of 2026, sales are expected to range between $51 million and $53 million, and adjusted EBITDA is expected to be approximately a - $3 million loss . The revised adjusted EBITDA guidance includes an expected decline in the Adventure Segment in Australia and approximately $3 million of legal and regulatory expense for the remainder of 2026 .

Clarus | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 61.94 M