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GrabAGun Digital Holdings (PEW) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · GrabAGun Digital Holdings (PEW) Q2 2026 earnings results →
Q2 2026 Revenue up 9% year over year to $23.2M · 8¢ of every $1 of revenue lost · operating margin -11.1%
GrabAGun Digital Holdings made $23.2M in Q2 2026 (+9% Y/Y): Firearm Sales $19.3M, Non-Firearm Sales $3.6M, Service Sales $223K. Operating margin -11.1%, net loss $1.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $23.2M in Q2 2026, up 9% year over year and down 10% from the previous quarter. Firearm Sales was the largest line at 83% of revenue. Firearm Sales added $1.5M year over year (up 8%), 76% of the total change.
Gross margin was 13.5%, up 2.9 points from Q2 2025. Operating costs exceeded revenue by $2.6M, an operating margin of -11.1%. Operating expenses grew 290% against revenue growth of 9%. The fastest-growing cost line was General & admin (+342%). The quarter ended with a net loss of $1.8M, narrower than the previous quarter's $1.8M loss. Non-operating items added $766K, -42% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$6.7M. Non-cash charges added back $126K of depreciation and amortization and $486K of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $1.7M exceeded it, leaving free cash flow of −$8.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $23.2M | +9% | -11.1% | −$1.8M | −$6.7M |
| Q1 2026 | 10-Q | May 13, 2026 | $25.9M | +11% | -10.2% | −$1.8M | −$1.7M |
| Q4 2025 | 10-K | Mar 12, 2026 | $29.6M | +14% | -1.4% | $414K | $2.6M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $22.3M | +10% | -18.8% | −$3.3M | −$3.2M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $21.2M | — | -0.1% | −$21K | −$1.1M |
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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Customers and suppliers named in filings
Sells to
- GOOGL — 67% of its revenue · Stated in 10-K (sentence) · source
- RGR — 10% of its revenue · Stated in 10-K (sentence) · source
- SWBI — 8% of its revenue · Stated in 10-K (sentence) · source
Buys from
- UPS · Stated in 10-K (named, share not stated) · source
- FDX · Stated in 10-K (named, share not stated) · source
About GrabAGun Digital Holdings
Unless the context otherwise requires, all references in this Annual Report to the “Company,” “GrabAGun,” “we,” “us,” “our” and “ours” are intended to refer to GrabAGun Digital Holdings Inc. and its consolidated subsidiaries. GrabAGun is a digitally native and multi-brand eCommerce retailer of firearms, ammunition and related accessories. Since it began doing business as GrabAGun.com in 2010, GrabAGun has developed and grown its online gun platform, leveraging technology to provide a tech-first eCommerce experience, specially catering to the next generation of firearms enthusiasts, sportsmen and defenders. Our broad selection of product offerings ranges from carry handguns and sporting long guns to an assortment of firearm ammunition, magazines and optics.
In its own words, from its 10-K, filed Mar 12, 2026.
GrabAGun Digital Holdings against its Retail-Miscellaneous Shopping Goods Stores peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +3%. Operating margin: -11.1% against the peers' median -0.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PEW GrabAGun Digital Holdings | Q2 2026 | $23.2M | +9% | -11.1% |
| DKS Dick's Sporting Goods | Q2 FY27 | $5.6B | +53% | 7.9% |
| ASO Academy Sports & Outdoors | Q2 FY27 | $1.6B | +3% | 15.0% |
| SPWH Sportsman's Warehouse Holdings | Q2 FY27 | $296M | +0.6% | -0.4% |
| BNED Barnes & Noble Education | Q1 FY27 | $291M | +0.8% | -5.9% |
| KCRD Kindcard | Q2 FY27 | $73K | -20% | -74.5% |
Source: GrabAGun Digital Holdings 10-Q on SEC EDGAR · CIK 2051380 · Retail-Miscellaneous Shopping Goods Stores
13F: who owns PEW and who is buying
More on PEW
- How GrabAGun Digital Holdings makes money: revenue by segment
- GrabAGun Digital Holdings next earnings date and what analysts expect
- GrabAGun Digital Holdings stock forecast, price target and fair value
- Who owns GrabAGun Digital Holdings stock: holders, funds and Congress trades
- Is GrabAGun Digital Holdings a takeover target? LBO and rumors
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results