Grabagun Digital Reports Strong Q4 Earnings

Firearms sales growth outpaces industry, new fulfillment platform shows early traction

Mar. 13, 2026 at 4:07am

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Grabagun Digital (NYSE:PEW) reported fourth quarter and full-year 2025 results that management said reflected market share gains, stronger customer engagement, and early traction from its newly launched PEW Logistics fulfillment platform. Fourth-quarter revenue rose 14.1% year-over-year to $29.6 million, driven by 19.1% growth in firearm sales.

Why it matters

Grabagun Digital's strong performance in Q4 2025 highlights its ability to gain market share and capitalize on industry trends, even as broader firearms background checks declined 4.1% during the same period. The launch of the PEW Logistics fulfillment platform also demonstrates the company's strategic focus on expanding its capabilities and service offerings.

The details

CEO Marc Nemati said the company delivered an 'exceptional' fourth quarter, with revenue rising 14.1% year over year. Firearm sales grew 19.1% to $25.7 million, driven by 11.5% volume growth and favorable pricing dynamics. CFO Justin Hilty said gross profit margin expanded 290 basis points in the fourth quarter to 15.9%, citing one-time purchasing opportunities, favorable product mix, strategic buying, and progress in supplier relationships. However, operating expenses increased due to stock-based compensation and public company costs, resulting in a loss from operations of $0.4 million.

Grabagun Digital reported fourth quarter and full-year 2025 results on March 13, 2026.

The players