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AOUT

American Outdoor Brands, Inc.

AOUT

American Outdoor Brands, Inc. • NASDAQ
$7.17 ▲ 1.27% (+0.09)
Market Cap $91.56 M
52w High $17.91
52w Low $6.26
Dividend Yield 0%
P/E -19.38
Volume 34.80K
Outstanding Shares 12.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $29.702M ▼ $20.677M ▼ $-6.829M ▼ -22.992% ▼ $-0.54 ▼ $-3.735M ▼
Q4-2025 $61.942M ▲ $26.262M ▲ $-992K ▼ -1.601% ▼ $-0.078 ▼ $2.508M ▼
Q3-2025 $58.505M ▼ $25.82M ▼ $169K ▼ 0.289% ▼ $0.013 ▼ $3.538M ▼
Q2-2025 $60.232M ▲ $25.837M ▲ $3.111M ▲ 5.165% ▲ $0.24 ▲ $6.446M ▲
Q1-2025 $41.643M $21.5M $-2.365M -5.679% $-0.18 $735K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $17.771M ▼ $241.911M ▼ $74.073M ▲ $167.838M ▼
Q4-2025 $23.423M ▲ $246.355M ▲ $68.745M ▲ $177.61M ▼
Q3-2025 $17.07M ▲ $245.883M ▼ $67.197M ▼ $178.686M ▼
Q2-2025 $14.223M ▼ $254.125M ▲ $75.271M ▲ $178.854M ▲
Q1-2025 $23.463M $244.79M $69.076M $175.714M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-6.829M ▼ $-1.688M ▼ $-370K ▲ $-3.594M ▼ $-5.652M ▼ $-1.988M ▼
Q4-2025 $-992K ▼ $7.755M ▲ $-503K ▲ $-899K ▲ $6.353M ▲ $7.252M ▲
Q3-2025 $169K ▼ $5.891M ▲ $-1.82M ▼ $-1.224M ▼ $2.847M ▲ $4.071M ▲
Q2-2025 $3.111M ▲ $-7.935M ▼ $-468K ▲ $-837K ▼ $-9.24M ▼ $-6.83M ▼
Q1-2025 $-2.365M $-4.352M $-1.105M $-778K $-6.235M $-5.457M

Revenue by Products

Product Q1-2024Q2-2024
Shooting Sports
Shooting Sports
 $20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has come down from its peak a few years ago but has recently started to grow again, suggesting the business may be stabilizing after a reset period. Gross profit has held up reasonably well, which means the core products still carry decent markups. The main issue has been at the operating and net income level: results have hovered around break-even with small losses in several years and only modest profitability in the past. Earnings per share have been very volatile, pointing to one‑time items and the sensitivity of results to small changes in sales or costs. Overall, the income statement shows a company that is still in transition, with improving top-line trends but profitability that has yet to become consistently solid.

Balance Sheet

Balance Sheet The balance sheet looks relatively conservative. Assets have gradually trended down as the company has slimmed itself, but shareholders’ equity still makes up the bulk of the capital base, which suggests limited reliance on borrowing. Debt levels are low, especially compared with total assets and equity, giving the company flexibility and reducing financial risk. Cash on hand is modest, so there is not an oversized liquidity cushion, but the structure does not look stretched. In short, the company runs a light, mostly equity-funded balance sheet, which fits its asset‑light model but leaves less room for prolonged cash burn.

Cash Flow

Cash Flow Cash flow has been more stable than earnings. Aside from one weak year with outflows, operating cash flow has generally been positive, which means the business is generating real cash from its operations even when accounting profits are thin. Free cash flow closely tracks operating cash flow because capital spending is low, reflecting the use of third‑party manufacturing rather than heavy investment in plants and equipment. This pattern supports the idea of an asset‑light, flexible model: the company can grow or pivot without tying up large amounts of cash, but it still needs to protect that operating cash generation given the modest cash balance.

Competitive Edge

Competitive Edge American Outdoor Brands operates in a crowded, highly discretionary part of the consumer market, but it has carved out a niche with a portfolio of specialized outdoor and shooting‑sports brands. Its “house of brands” approach lets it target distinct enthusiast communities—hunters, anglers, backyard cooks, land managers—rather than relying on a single flagship name. The “Dock & Unlock” strategy, where it acquires or partners with niche brands and then scales them through broader distribution and product expansion, gives it a repeatable playbook for growth. Its asset‑light model helps keep fixed costs down and responsiveness up. However, the company still competes against much larger outdoor and sporting goods players, and its smaller scale and cyclical end markets limit its pricing power and make demand sensitive to economic conditions.

Innovation and R&D

Innovation and R&D Innovation is a clear bright spot. The company holds a large patent portfolio and consistently pushes new products, with a meaningful share of sales coming from recently launched items. Examples like the ClayCopter trap system and tech‑enabled tools such as the BUBBA smart fish scale show a focus on solving specific user problems rather than just refreshing designs. The “Dock & Unlock” strategy is effectively an innovation engine: new or acquired brands are given resources, product development support, and wider channels to grow. By mixing traditional outdoor gear with added technology and data, and by emphasizing direct‑to‑consumer relationships, the company is trying to build a differentiated ecosystem of enthusiast brands. This ongoing R&D and product pipeline are central to its attempt to sustain higher margins and support long‑term growth.

Summary

American Outdoor Brands is a small, innovation‑driven outdoor lifestyle company that has been reshaping itself since its spin‑off. Revenues appear to be stabilizing and nudging upward after an earlier pullback, but profitability has been inconsistent and remains the key challenge. The balance sheet is relatively clean and lightly levered, and the business generates reasonable cash flow for its size, helped by an asset‑light model with low capital spending needs. Competitively, its strength lies in a diverse, enthusiast‑focused brand portfolio and a structured approach to acquiring and scaling niche brands. A heavy emphasis on innovation, patents, and technology‑enhanced products underpins this strategy. The main uncertainties are whether the company can translate its product creativity and brand strategy into steady, durable profits in a cyclical and competitive market.

NEWS

October 2, 2025 · 5:05 PM UTC

American Outdoor Brands Board of Directors Approves $10 Million Share Repurchase Program

Read more