$PEW-WT

GrabAGun Digital Holdings Inc.

CIK:0002051380|SEC Filings

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net revenues	$ 23,217	$ 21,228	$ 49,145	$ 44,559
Cost of goods sold	20,091	18,985	43,253	40,076
Gross profit	3,126	2,243	5,892	4,483
Operating expenses:
Sales and marketing	275	234	555	473
General and administrative	5,424	1,227	10,550	3,186
Total operating expenses	5,699	1,461	11,105	3,659
Income (loss) from operations	(2,573)	782	(5,213)	824
Other income:
Interest income, net	760	41	1,561	93
Other income, net	6	0	10	1
Total other income	766	41	1,571	94
Income (loss) before income tax expense	(1,807)	823	(3,642)	918
Income tax expense	3	0	3	0
Net income (loss)	$ (1,810)	$ 823	$ (3,645)	$ 918
Weighted-average shares outstanding, basic	29,314,979	10,000,000	29,483,454	10,000,000
Weighted-average shares outstanding, diluted	29,314,979	10,000,000	29,483,454	10,000,000
Net income (loss) per share, basic	$ (0.06)	$ 0.08	$ (0.12)	$ 0.09
Net income (loss) per share, diluted	$ (0.06)	$ 0.08	$ (0.12)	$ 0.09

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ (3,645)	$ 918
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Stock-based compensation	989	0
Depreciation of property and equipment	18	8
Amortization of software development costs	133	93
Non-cash lease expense	39	110
Amortization of debt issuance costs	4	0
Sales return allowance	(176)	(142)
Inventory returns reserve	149	123
Changes in operating assets and liabilities:
Inventory, net	(942)	(1,347)
Prepaid expenses and other current assets	307	168
Other assets	118	(47)
Accounts payable	(4,052)	1,192
Operating lease liability	(41)	(114)
Accrued and other current liabilities	41	(272)
Unearned revenue	(1,290)	(501)
Net cash provided by (used in) operating activities	(8,348)	189
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(2,779)	(9)
Disposal of property and equipment	0	2
Capitalized software additions	(364)	(128)
Net cash used in investing activities	(3,143)	(135)
CASH FLOWS FROM FINANCING ACTIVITIES
Distributions to GrabAGun Members	0	(2,040)
Payments of deferred transaction costs	0	(1,259)
Proceeds from borrowings, net	971	0
Payment for stock repurchases	(2,363)	0
Net cash used in financing activities	(1,392)	(3,299)
Net decrease in cash and cash equivalents	(12,883)	(3,245)
Cash and cash equivalents, beginning of period	110,395	7,887
Cash and cash equivalents, end of the period	97,512	4,642
Supplemental disclosures of non-cash investing activities:
Deferred transaction costs included in accounts payable	0	164
Stock-based compensation expense capitalized in internal-use software development costs	4	0
Additions of capitalized software included within accounts payable	11	24
Purchases of property and equipment included within accounts payable	30	0
Excise tax for stock repurchase included within accounts payable	$ 22	$ 0

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 97,512	$ 110,395
Inventory, net	9,324	8,532
Prepaid expenses and other current assets	1,454	1,761
Total current assets	108,290	120,688
Capitalized software, net	1,001	781
Property and equipment, net	11,341	8,550
Operating lease right-of-use asset	0	39
Other assets	1,087	1,204
Total assets	121,719	131,262
Current Liabilities:
Accounts payable	7,817	11,833
Operating lease liability, current	0	41
Accrued expenses and other current liabilities	2,510	2,447
Unearned revenue	1,163	2,453
Total current liabilities	11,490	16,774
Long-Term Debt	7,665	6,887
Total liabilities	19,155	23,661
Commitments and Contingencies (Note 11)
Stockholders' Equity:
Common stock, $0.0001 par value; 200,000,000 shares authorized; 31,812,302 shares issued and 29,480,106 shares outstanding as of June 30, 2026 and 31,545,268 shares issued and 29,982,590 outstanding as of December 31, 2025	3	3
Treasury stock, 2,332,196 shares as of March 31, 2026 and 1,562,678 shares as of December 31, 2025	(11,269)	(8,884)
Additional paid-in capital	122,164	121,171
Accumulated deficit	(8,334)	(4,689)
Total Stockholders’ Deficit	102,564	107,601
Total liabilities and stockholders' equity	$ 121,719	$ 131,262