Executive Summary
In QQ1 2026, Slinger Bag delivered a compelling profitability profile alongside a solid balance sheet. Revenue reached $3.00 million, marking a YoY increase of approximately 228.8% and a QoQ decline of about 8.3%. Gross profit was $2.256 million with a margin of 75.19%, contributing to an EBITDA of $1.491 million and an operating income of $1.491 million (operating margin of 49.71%). Net income totaled $0.883 million, yielding a net margin of 29.42% and EPS of $0.06. These results reflect meaningful margin expansion in a small-cap niche, likely aided by favorable product mix and disciplined SG&A management.
The balance sheet shows a robust equity base of roughly $26.16 million and a net cash position of about $52.7 thousand, alongside a sizable accounts receivable balance of $18.39 million and intangible assets totaling $9.77 million. No material long-term debt is reported, and financing activities contributed approximately $1.08 million to cash during the period. While the liquidity profile appears strong on the headline, the elevated accounts receivable and lack of disclosed operating cash flow data warrant close scrutiny of working capital dynamics and cash conversion efficiency as the company scales.
Taken together, QQ1 2026 paints a positive near-term profitability trajectory for Slinger Bag within a niche, high-margin consumer leisure product. The key questions for investors concern sustainability of the margin improvement, the cadence of revenue growth, and the ability to convert earnings into durable free cash flow in a business with limited public comparables and liquidity characteristics typical of an OTC-listed micro-cap.
Key Performance Indicators
QoQ: -8.33% | YoY:228.82%
QoQ: -10.79% | YoY:301.92%
QoQ: 181.24% | YoY:233.04%
QoQ: 314.65% | YoY:106.91%
QoQ: 192.31% | YoY:100.86%
Key Insights
Revenue: $3,000,000; YoY +228.82%; QoQ -8.33%. Gross Profit: $2,255,769; Gross Margin 75.19%; YoY +301.92%; QoQ -10.79%. Operating Income: $1,491,383; Operating Margin 49.71%; YoY +233.04%; QoQ +181.24%. Net Income: $882,652; Net Margin 29.42%; YoY +106.91%; QoQ +314.65%. EPS: $0.06; Diluted EPS $0.06; YoY +100.86%; QoQ +192.31%. EBITDA: $1,491,383; EBITDA Margin 49.71%. Balance Sheet: Cash and Cash Equivalents $52,693; Total Current Assets $24,972,762; Total Assets $34,738,166; Total Current Li...
Financial Highlights
Revenue: $3,000,000; YoY +228.82%; QoQ -8.33%. Gross Profit: $2,255,769; Gross Margin 75.19%; YoY +301.92%; QoQ -10.79%. Operating Income: $1,491,383; Operating Margin 49.71%; YoY +233.04%; QoQ +181.24%. Net Income: $882,652; Net Margin 29.42%; YoY +106.91%; QoQ +314.65%. EPS: $0.06; Diluted EPS $0.06; YoY +100.86%; QoQ +192.31%. EBITDA: $1,491,383; EBITDA Margin 49.71%. Balance Sheet: Cash and Cash Equivalents $52,693; Total Current Assets $24,972,762; Total Assets $34,738,166; Total Current Liabilities $7,058,612; Total Liabilities $7,058,612; Stockholders’ Equity $26,159,115; Net Receivables $18,388,701; Intangible Assets $9,765,404; Working Capital (approx.) $17,914,150; Current Ratio ~3.54x. Cash Flow: Financing activities +$1,081,758; Operating cash flow not disclosed in the provided data.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
3.00M |
228.82% |
-8.33% |
| Gross Profit |
2.26M |
301.92% |
-10.79% |
| Operating Income |
1.49M |
233.04% |
181.24% |
| Net Income |
882.65K |
106.91% |
314.65% |
| EPS |
0.06 |
100.86% |
192.31% |
Management Commentary
Transcript not provided in the prompt. No management quotes or thematic highlights from an earnings call could be extracted. The analysis below therefore relies on disclosed financials and implied implications.
Forward Guidance
No explicit management guidance for QQ2 2026 or beyond is provided in the data. Given the strong gross margin and quarterly profitability, the potential outlook hinges on sustaining top-line growth and converting earnings into operating cash flow. Investors should monitor: 1) revenue trajectory and channel mix (direct-to-consumer vs. wholesale), 2) working capital dynamics (accounts receivable collection efficiency and days sales outstanding), 3) cost discipline and potential SG&A cadence as scale increases, 4) product pipeline and international expansion, particularly potential opportunities in Brazil, and 5) liquidity options and any potential debt or equity financing needs given the OTC listing and market liquidity profile.