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POWW

Outdoor Holding Company

POWW

Outdoor Holding Company • NASDAQ
$1.84 ▲ 2.22% (+0.04)
Market Cap $215.48 M
52w High $2.13
52w Low $0.95
Dividend Yield 0%
P/E -3.91
Volume 166.24K
Outstanding Shares 117.11M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $11.984M ▲ $9.734M ▼ $1.405M ▲ 11.722% ▲ $0.006 ▲ $5.91M ▲
Q1-2026 $11.857M ▲ $16.346M ▼ $-6.458M ▲ -54.467% ▼ $-0.062 ▲ $-2.004M ▲
Q4-2025 $-42.159M ▼ $28.861M ▼ $-77.517M ▼ 183.867% ▲ $-0.67 ▼ $-7.057M ▲
Q3-2025 $29.188M ▼ $33.917M ▲ $-26.129M ▼ -89.52% ▼ $-0.23 ▼ $-21.153M ▼
Q2-2025 $31.42M $19.683M $-12.428M -39.555% $-0.11 $-6.169M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $65.67M ▲ $270.273M ▲ $34.858M ▼ $235.416M ▲
Q1-2026 $63.364M ▲ $269.467M ▼ $46.962M ▼ $222.506M ▲
Q4-2025 $30.228M ▼ $297.33M ▼ $75.303M ▲ $222.027M ▼
Q3-2025 $31.922M ▼ $355.389M ▼ $55.769M ▲ $299.62M ▼
Q2-2025 $33.525M $368.923M $43.351M $325.572M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $1.405M ▲ $3.221M ▲ $-157.787K ▼ $-757.117K ▲ $2.306M ▼ $2.52M ▲
Q1-2026 $-5.863M ▲ $-6.673M ▼ $42.057M ▲ $-809.222K ▼ $33.136M ▲ $-7.563M ▼
Q4-2025 $-11.905M ▲ $-1.487M ▼ $-1.423M ▼ $1.216M ▲ $-1.694M ▼ $4.21M ▲
Q3-2025 $-26.129M ▼ $1.266M ▲ $-1.211M ▲ $-1.659M ▲ $-1.604M ▲ $55.039K ▲
Q2-2025 $-5.868M $-9.338M $-1.43M $-6.462M $-17.229M $-10.581M

Revenue by Products

Product Q3-2023Q1-2024Q2-2025Q3-2025
Ammunition Casings Sales
Ammunition Casings Sales
 $0 ▲$10.00M ▲$0 ▼$0 ▲
Ammunition Sales
Ammunition Sales
 $20.00M ▲$10.00M ▼$20.00M ▲$10.00M ▼
Marketplace Fee Revenue
Marketplace Fee Revenue
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue peaked a few years ago and has been sliding since, especially in the most recent period, which now reflects the transition away from manufacturing and toward a pure marketplace model. Gross profit has held up better than sales, which is consistent with a higher‑margin, asset‑light platform, but the base is still relatively small. Operating results have swung from modest profits to losses again. Recent periods show the business spending more than it earns once all operating costs are included, leading to clear net losses. Earnings per share have been volatile, moving from small profits to meaningful losses, underscoring that the company is still in a transition and investment phase rather than in a stable, mature profit zone. Overall, the income statement tells a story of a company trading near‑term earnings stability for a strategic shift toward a higher‑margin, digital-focused model, but not yet demonstrating consistent profitability under that new structure.

Balance Sheet

Balance Sheet The balance sheet is relatively simple and not heavily leveraged. Total debt is very low compared with the company’s overall size and equity base, which limits financial risk from lenders. Cash levels have moved around over the years and are not especially large, suggesting the company does not have an overly thick cash cushion but also is not stretched by heavy borrowing. Equity makes up the bulk of the capital structure, which is typical for a company that has raised funds from investors rather than relying on big loans. In short, financial strength looks reasonable in terms of low debt, but the company’s room for error still depends heavily on its ability to restore and sustain positive earnings and cash flow.

Cash Flow

Cash Flow Operating cash flow has been mixed, with some years showing modest cash generation and others slipping into outflows. This pattern reflects the underlying earnings volatility and ongoing spending on the platform and growth initiatives. Free cash flow has occasionally turned positive but has not been consistently so. Capital spending has been moderate rather than heavy, which fits an online marketplace model that doesn’t require large factories or equipment, but even modest investment can pressure cash when profits are thin. Overall, the cash flow profile is that of a business in transition: not burning cash at an alarming rate, but not yet delivering the steady, surplus cash that characterizes a fully scaled, mature digital platform.

Competitive Edge

Competitive Edge The core asset is GunBroker.com, a large, specialized marketplace for firearms and related products. Its long operating history and large base of buyers and sellers create strong network effects: more users attract more listings, and more listings attract more users. This flywheel makes it hard for new entrants to replicate the same depth of inventory and audience. The platform also has an advantage in handling regulatory complexity. Firearms are heavily regulated, and GunBroker’s established processes and relationships with licensed dealers reduce friction for both buyers and sellers, building trust and making it a go‑to site in its niche. At the same time, the company operates in a politically and socially sensitive industry, which can bring regulatory and reputational risk. Competition from broader e‑commerce players and other specialty sites is also a background risk, even if GunBroker currently enjoys a strong niche leadership position.

Innovation and R&D

Innovation and R&D Historically, the company’s innovation story included unique ammunition technologies, but those manufacturing assets have been sold. The innovation focus is now firmly on the digital side, particularly enhancing the GunBroker.com platform. Key areas of innovation include better search and discovery, smoother checkout, and improved tools for both sellers and buyers. The company is also leaning into data analytics and targeted marketing, using its user base to offer more precise advertising and promotions. Planned initiatives like a premium auction experience for high‑end collectors and expansion into broader outdoor categories show a push to deepen engagement and widen the addressable market. Future value creation will hinge on how effectively the company executes on these digital enhancements and monetization efforts, rather than on physical product innovation.

Summary

Outdoor Holding Company is in the middle of a major strategic pivot: away from ammunition manufacturing and toward being a pure online marketplace built around GunBroker.com. The financials show the cost of that shift—revenue re‑mixing, uneven profitability, and choppy cash flow—but also point to the potential benefits of a higher‑margin, asset‑light platform. The balance sheet is conservative, with little debt, which provides some flexibility as the company works through this transition. The main question is whether the marketplace can grow fast and efficiently enough to translate its strong niche position and network effects into stable, recurring profits and reliable free cash flow. Success will likely depend on continued product and technology improvements, deeper monetization of the existing user base, and careful navigation of the regulatory and reputational landscape tied to firearms. The business now looks less like a traditional manufacturer and more like a specialized e‑commerce and data platform, with all the associated upside potential and execution risk that entails.

NEWS

November 12, 2025 · 9:15 AM UTC

Outdoor Holding Company Announces Preferred Stock Dividend

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November 10, 2025 · 7:05 AM UTC

Outdoor Holding Company Reports Positive Net Income from Continuing Operations for Second Quarter Fiscal 2026

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October 20, 2025 · 9:00 AM UTC

OUTDOOR HOLDING COMPANY TO CONDUCT SECOND QUARTER EARNINGS CALL ON NOVEMBER 10, 2025 AT 9:00 AM ET

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October 1, 2025 · 6:00 AM UTC

OUTDOOR HOLDING COMPANY RELOCATES CORPORATE HEADQUARTERS TO ATLANTA, GA

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September 29, 2025 · 6:00 AM UTC

Federal Court Confirms GunBroker.com Marketplace Status, Validates IP Protection Policies

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