--- title: "Clarus | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 61.94 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285616524.md" datetime: "2026-05-07T20:46:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285616524.md) - [en](https://longbridge.com/en/news/285616524.md) - [zh-HK](https://longbridge.com/zh-HK/news/285616524.md) --- # Clarus | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 61.94 M 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. #### Segment Revenue - 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 . - 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 . - 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 . - Domestic sales were $24,880 thousand, while international sales were $37,058 thousand . #### Gross Margin - 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 . - Adjusted gross margin was 36.8% in Q1 2026, compared to 34.6% in the prior year . - Gross profit was $22,763 thousand in Q1 2026, compared to $20,794 thousand in the prior year . - Adjusted gross profit was $22,763 thousand in Q1 2026, compared to $20,914 thousand in the prior year . - The Outdoor segment saw a 190 basis points improvement in Q1 gross margin . #### Net Loss - 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 . - 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 . #### Operating Loss - 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 . #### Operating Expenses - Selling, general and administrative expenses were $26.6 million in Q1 2026, consistent with $26.6 million in the prior year . - Restructuring charges were $853 thousand in Q1 2026, compared to $173 thousand in the prior year . - Transaction costs were $22 thousand in Q1 2026, compared to $142 thousand in the prior year . - 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 . - Total operating expenses were $28,831 thousand in Q1 2026, compared to $27,556 thousand in the prior year . #### EBITDA - 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 . - EBITDA was - $3,144 thousand in Q1 2026, compared to - $3,655 thousand in the prior year . - 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 . - 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 . #### Cash Flow - Net cash used in operating activities was - $4.1 million in Q1 2026, compared to - $2.1 million in the prior year quarter . - Capital expenditures were $1.6 million in Q1 2026, compared to $1.2 million in the prior year quarter . - Free cash flow was - $5.7 million in Q1 2026, compared to - $3.3 million in the prior year quarter . #### Liquidity - 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 . - The balance sheet remained debt-free at the end of both periods . #### Unique Metrics - 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 . - 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 . - Clarus Corporation claimed a tariff IEEPA credit estimated to be $6.2 million . #### Outlook / Guidance 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 . ### Related Stocks - [CLAR.US](https://longbridge.com/en/quote/CLAR.US.md) ## Related News & Research - [CLAR: Q1 2026 revenue rose 2.5% with improved margins and a focus on profitable growth](https://longbridge.com/en/news/289813416.md) - [Is the 2026 Soybean Rally Over?](https://longbridge.com/en/news/290237132.md) - [Nucor Announces Guidance For The Second Quarter Of 2026 Earnings](https://longbridge.com/en/news/290102744.md) - [Ålandsbanken updates timetable for 2026 semi-annual dividend](https://longbridge.com/en/news/290147573.md) - [Intel Stock Is Soaring: Why a $150 Price Target Could Be Within Reach in 2026](https://longbridge.com/en/news/290215494.md)