GrabAGun Q2 Revenue Up 9.4%, Gross Margin Expands 290bps, But Net Loss Widens to $1.8M
PEW sits 19% above its 52-week low of $2.245.
Summary
GrabAGun reported Q2 revenue growth of 9.4% and gross margin expansion, but swung to a $1.8M net loss due to surging operating expenses. Strong cash reserves of $97.5M provide runway for its new PEW Logistics platform.
Key Events · Earnings and Guidance · PEW
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Q2 Revenue Up 9.4%
Net revenue reached $23.2M, up from $21.2M a year ago, driven by 8.5% growth in firearms sales to $19.3M.
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Gross Margin Expands 290bps
Gross profit increased 39.4% to $3.1M, with gross margin improving to 13.5% from 10.6% in the prior-year quarter.
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Net Loss Widens to $1.8M
The company swung from a $0.8M profit to a $1.8M net loss, driven by a 342% increase in G&A expenses to $5.4M.
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Strong Cash Position
Cash and cash equivalents totaled $97.5M ($3.31 per share) with minimal debt, providing significant runway.
Analysis · PEW · Trade & Services
GrabAGun delivered mixed Q2 results: revenue grew 9.4% to $23.2M and gross margin expanded 290 basis points to 13.5%, but the company swung to a $1.8M net loss from a $0.8M profit a year ago. The loss was driven by a sharp increase in G&A expenses (up 342% YoY) tied to stock-based compensation, public company costs, and headcount additions. The company maintains a strong cash position of $97.5M ($3.31/share) with minimal debt, providing runway to fund its PEW Logistics expansion. The onboarding of a third manufacturing customer (Backwoods Suppressors) shows early traction in the new platform business, but the path to profitability remains uncertain as operating losses widen.
At the time of this filing, PEW was trading at $2.67 on NYSE in the Trade & Services sector, with a market capitalization of approximately $79.4M. The 52-week trading range was $2.25 to $6.91. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.