GrabAGun Digital Holdings Inc. WT

GrabAGun Digital Holdings Inc. reported FY 2025 net revenues of $96.4 million, a 3.6% increase from $93.1 million in FY 2024. However, the company swung to a net loss of $2.5 million from net income of $4.5 million in the prior year. Gross profit improved to $11.3 million (11.7% margin) from $9.7 million (10.4% margin), driven by a 10% increase in firearm sales. Operating expenses surged 180% to $15.7 million, primarily due to $3.8 million in stock-based compensation and higher public company costs following the July 2025 Business Combination. The company ended the year with $110.4 million in cash and cash equivalents, bolstered by $180.6 million in proceeds from the reverse recapitalization. Key strategic initiatives include the formation of PEW Logistics for third-party fulfillment services and expansion of marketing programs with manufacturers.

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