Grabagun Digital | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 25.93 M

Revenue: As of FY2026 Q1, the actual value is USD 25.93 M, beating the estimate of USD 24.5 M.

EPS: As of FY2026 Q1, the actual value is USD -0.06.

EBIT: As of FY2026 Q1, the actual value is USD -3.443 M.

Net Revenue

GrabAGun Digital Holdings Inc. reported net revenue of $25,928 thousand for the first quarter of 2026, an 11.1% increase year-over-year from $23,331 thousand in the prior-year quarter. Firearms sales increased 10.5% to $21,700 thousand. Non-firearms sales increased 10.4% to $4,100 thousand. Service sales totaled $100 thousand, as PEW Logistics began generating revenue.

Gross Profit and Margin

Gross profit for Q1 2026 was $2,766 thousand, compared to $2,240 thousand in Q1 2025. The gross profit margin was 10.7% in Q1 2026, an increase from 9.6% in the prior-year quarter.

Operating Expenses

Total operating expenses for Q1 2026 were $5,407 thousand, significantly higher than $2,198 thousand in Q1 2025. This was driven by increases in sales and marketing to $280 thousand from $239 thousand in Q1 2025 and general and administrative expenses to $5,127 thousand from $1,959 thousand in Q1 2025.

Income (Loss) from Operations

GrabAGun Digital Holdings Inc. reported a loss from operations of - $2,641 thousand for Q1 2026, compared to an income from operations of $42 thousand in the prior-year quarter. This loss was attributed to stock-based compensation expense, public company expenses, and increased personnel costs.

Net Income (Loss)

The net loss for Q1 2026 was - $1,835 thousand, a decrease from a net income of $95 thousand in the prior-year quarter.

Adjusted EBITDA and Margin

Adjusted EBITDA for Q1 2026 totaled a loss of - $2,042 thousand, compared to an income of $546 thousand in the prior-year quarter. The Adjusted EBITDA margin was - 8% for Q1 2026, down from 2% in Q1 2025.

Cash and Cash Equivalents

As of March 31, 2026, cash and cash equivalents stood at $106,428 thousand, or $3.62 per share, with minimal debt. This compares to $110,395 thousand as of December 31, 2025.

Long-term Debt

Long-term debt was $7,768 thousand as of March 31, 2026, an increase from $6,887 thousand as of December 31, 2025.

Operating Cash Flow

Net cash used in operating activities for Q1 2026 was - $1,660 thousand, a shift from net cash provided by operating activities of $1,280 thousand in Q1 2025.

Unique Metrics

Customer Lifetime Value increased by 4.2% to $906. Total site traffic grew 12.6% year-over-year in Q1 2026, with mobile sessions contributing approximately 67.0% of site traffic, 70.0% of transactions, and 64.0% of net revenue. The company executed $2.4 million of share repurchases during the first quarter, with $8.7 million remaining from a previously authorized $20.0 million program. GrabAGun Digital Holdings Inc. launched PEW Logistics in January 2026, a white-label direct-to-consumer fulfillment solution, and has onboarded KelTec® Weapons and Derya Arms as manufacturing partners.

Outlook / Guidance

GrabAGun Digital Holdings Inc. believes it is well-positioned for its growth strategy, supported by over $106 million in cash and minimal debt. The company anticipates being uniquely able to capitalize on potential future regulatory amendments from the ATF that could allow remote firearm transfers and direct-to-home delivery. This confidence stems from its established digital infrastructure, compliance systems, and regulatory expertise.