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First Breach (FBDT) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 28, 2026 · First Breach (FBDT) Q2 2026 earnings results →
Q2 2026 Revenue up 0% year over year to $95K
First Breach made $95K in Q2 2026 (+0.1% Y/Y). Operating margin n/m, net loss $13.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 28, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $95K in Q2 2026, roughly flat year over year.
Operating costs exceeded revenue by $11.8M, an operating margin of -12416.3%. Total costs grew 576% against flat revenue. The fastest-growing cost line was SG&A (+1183%). The quarter ended with a net loss of $13.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 28, 2026 | $95K | +0.1% | n/m | −$13.9M | — |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About First Breach
First Breach (the “Company”) was originally formed as a limited liability company named First Breach, LLC under the laws of the State of Maryland on April 9, 2018, and subsequently converted to a corporation named First Breach, Inc. (“First Breach”) incorporated under the laws of the State of Delaware on October 22, 2021. The Company is a match-grade ammunition component manufacturer offering brass cups, brass casings, full-metal-jacket projectiles, lead projectile cores, and lead wire. Equipped with numerous quality control checks, the Company offers match-grade, SAAMI-specification products. Customers will have the ability to order custom head-stamped casings as well as a wide range of grain-size options for projectiles. The majority of customers are resellers and direct-to-consumers primarily within the United States.
In its own words, from its 10-Q, filed Aug 28, 2026.
First Breach against its Ordnance & Accessories, (No Vehicles/Guided Missiles) peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.1% against the peers' median +28%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FBDT First Breach | Q2 2026 | $95K | +0.1% | n/m |
| AXON Axon Enterprise | Q3 2026 | $909M | +28% | 4.6% |
| RGR Sturm Ruger | Q3 2026 | $148M | +16% | 4.1% |
| NPK National Presto Industries | Q3 2026 | $144M | +25% | 13.8% |
| SWBI Smith & Wesson Brands | Q1 FY27 | $113M | +32% | 3.7% |
| WRAP Wrap Technologies | Q2 2026 | $2.1M | +103% | -109.7% |
Source: First Breach 10-Q on SEC EDGAR · CIK 1892704 · Ordnance & Accessories, (No Vehicles/Guided Missiles)
More on FBDT
History
Every quarter: Q2 2026 results