GrabAGun Digital Holdings Reports Third Quarter 2026 Results
Key Highlights
- ➤Q3 net revenue $21.2 million, down 4.7% year-over-year
- ➤Gross profit increased 44%; gross margin expanded 480 basis points to 14.4%
- ➤Q3 net loss narrowed to $3.0 million from $3.8 million
- ➤Camfour acquisition completed with cash, without financing or share issuance
- ➤Cash and equivalents $96.0 million, or $3.25 per share, with minimal debt
Expert Statements
Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings
“Our third-quarter results reflect the progress we are making in improving the quality and profitability of our business.”
Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings
“Gross profit increased 44% and gross margin expanded 480 basis points to 14.4%, primarily driven by average selling prices and supported by better sourcing, a stronger product cost basis and disciplined purchasing.”
Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings
“Those improvements more than offset the impact of lower revenue, which reflected a difficult comparison to last year's elevated, IPO-driven demand.”
Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings
“Subsequent to quarter end, we completed the acquisition of Camfour, a New England-based wholesale distributor funded entirely with cash on hand and without financing or issuing shares.”
Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings
“We believe combining Camfour's distribution capabilities with our e-commerce and logistics platform will stimulate growth, expand our customer base and improve our purchasing economics.”
Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings
“PEW Logistics continues to gain momentum, with SAR USA joining KelTec®, Derya Arms and Backwoods Suppressors as our fourth manufacturing customer.”
Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings
“Last week, we launched KelTec's new website, which PEW Logistics now fully operates, selling KelTec firearms, accessories and apparel directly to consumers.”
Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings
“This expands our role from fulfillment partner to full e-commerce operator, and we believe it creates a model we can extend to other manufacturers.”
Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings
“With ample cash and minimal debt following the Camfour acquisition, we remain focused on disciplined investment in the areas that will drive long-term value: realizing the potential of Camfour, scaling PEW Logistics and strengthening the technology platform that we believe provides a durable competitive advantage.”
Marc Nemati, Chairman and Chief Executive Officer of GrabAGun Digital Holdings
“We will continue to evaluate every use of capital based on its ability to create long-term value for our shareholders.”
Gross Profit Increases 44% and Gross Margin Expands 480 Basis Points to 14.4%
Third Quarter Net Revenues Were $21.2 Million, a Decrease of 4.7% Year-Over-Year, Reflecting Lower Product Sales
Get started
Create a free account to read the full story.