Outdoor Holding Company (POWW) Q1 2026 Earnings Report

1Q26 results for Outdoor Holding Company show a sharp year-over-year and quarter-over-quarter revenue decline (revenue of $11.86 million, down 65.50% YoY and 61.69% QoQ) alongside continuing profitability pressures, as evidenced by an EBITDA loss of $2.00 million and a net loss of $6.46 million (-$0.0619 per share). The company sustains a strong cash position (cash and equivalents of $63.36 million) and a net cash position (net debt of -$39.90 million), underpinned by a conservative balance sheet despite a very large stock of goodwill and intangible assets. However, operating cash flow remained negative ($-6.67 million) and free cash flow was also negative ($-7.56 million) for the quarter, signaling near-term cash burn despite ample liquidity.

The balance sheet indicates robust liquidity (current ratio approximately 3.3) with meaningful asset intensity in goodwill and intangible assets totaling about $186.73 million, alongside total assets of $269.47 million. Liabilities are modest at $46.96 million, yielding substantial stockholders’ equity of $222.51 million. The negative cash flow from operations vs. the sizable investment/inventory moves suggests strategic shifts or seasonality that may not yet be reflected in an improving profitability trajectory. Management commentary (where available) and forward guidance are not included in the provided data, limiting a full view of strategic restoration plans. Investors should monitor progress on monetization of GunBroker and other scale advantages, cost-structure optimization, and any impairment considerations tied to high intangible assets.