AOUT

MKT CAP:$120M

American Outdoor Brands, Inc.

Market Cap

$120M

Consumer Cyclical·Leisure·🇺🇸 United States·NASDAQ

Consumer Cyc.·Leisure·🇺🇸·NASDAQ

Stock Price

$9.62+$1.70 (+21.46%)

Apr 23, 2026

Company Details

American Outdoor Brands, Inc. provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. It offers hunting, fishing, camping, shooting, and personal security and defense products. The ...

CEO

Brian Daniel Murphy

IPO Date

Aug 21, 2020

Website

www.aob.com

Key Metrics TTM

Revenue

$205M

-0.6% YoY

Net Income

-$10M

EPS (Diluted)

-$0.78

Free Cash Flow

$4M

Revenue / Share

$16.37

Gross Margin

43.1%

Operating Margin

-3.0%

Net Margin

-4.8%

FCF Margin

1.7%

P/S

0.6x

P/E

—

Earnings Reports

Q3 2026

Mar 12, 2026

$57M-3.3%EPS -$0.32

Q2 2026

Dec 9, 2025

$57M-5.0%EPS $0.16

Q1 2026

Sep 4, 2025

$30M-28.7%EPS -$0.54

FY 2025

Jun 26, 2025

$222M+10.6%EPS -$0.01

Q4 2025

Jun 26, 2025

$62M+33.8%EPS -$0.08

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 22	$46M	$20M	-$3M
Q1 23	$44M	$19M	-$6M
Q2 23	$54M	$26M	$451.0K
Q3 23	$51M	$24M	-$3M
Q4 23	$42M	$19M	-$4M
Q1 24	$43M	$20M	-$4M
Q2 24	$58M	$26M	-$22.0K
Q3 24	$53M	$23M	-$3M
Q4 24	$46M	$19M	-$6M
Q1 25	$42M	$19M	-$3M
Q2 25	$60M	$29M	$3M
Q3 25	$59M	$26M	$303.0K
Q4 25	$62M	$25M	-$953.0K
Q1 26	$30M	$14M	-$7M
Q2 26	$57M	$26M	$2M
Q3 26	$57M	$23M	-$480.0K

Valuation

Quarter	P/S	P/E
Q4 22	0.7x	—
Q1 23	0.4x	—
Q2 23	0.6x	—
Q3 23	0.7x	—
Q4 23	0.6x	—
Q1 24	0.7x	—
Q2 24	0.6x	—
Q3 24	0.6x	—
Q4 24	0.5x	—
Q1 25	0.6x	—
Q2 25	0.6x	—
Q3 25	1.0x	—
Q4 25	0.6x	—
Q1 26	0.6x	—
Q2 26	0.4x	—
Q3 26	0.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	$8M	$9M
Q1 23	$5M	$5M
Q2 23	$1M	-$602.0K
Q3 23	$18M	$17M
Q4 23	$6M	$6M
Q1 24	$5M	$4M
Q2 24	-$8M	-$9M
Q3 24	$13M	$9M
Q4 24	$15M	$14M
Q1 25	-$4M	-$5M
Q2 25	-$8M	-$7M
Q3 25	$6M	$4M
Q4 25	$8M	$7M
Q1 26	-$2M	-$2M
Q2 26	-$13M	-$13M
Q3 26	$10M	$11M

Capital Expenditures

Quarter	CapEx
Q4 22	$865.0K
Q1 23	$218.0K
Q2 23	$2M
Q3 23	$950.0K
Q4 23	$595.0K
Q1 24	$836.0K
Q2 24	$876.0K
Q3 24	$4M
Q4 24	$656.0K
Q1 25	$1M
Q2 25	$1M
Q3 25	$2M
Q4 25	$503.0K
Q1 26	$300.0K
Q2 26	$300.0K
Q3 26	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-28.8%	-22.7%
Q1 23	-28.1%	-12.9%
Q2 23	-23.1%	-17.5%
Q3 23	-27.4%	-17.6%
Q4 23	-8.0%	-5.6%
Q1 24	-0.5%	-3.5%
Q2 24	+6.4%	+7.4%
Q3 24	+5.0%	+4.5%
Q4 24	+9.7%	+12.4%
Q1 25	-4.1%	-7.0%
Q2 25	+4.0%	-1.4%
Q3 25	+9.5%	+3.4%
Q4 25	+33.8%	+21.4%
Q1 26	-28.7%	-17.4%
Q2 26	-5.0%	-3.6%
Q3 26	-3.3%	-2.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$0	0.0%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$1M	2.7%
Q1 24	$932.0K	2.1%
Q2 24	$1M	1.7%
Q3 24	$0	0.0%
Q4 24	$1M	2.2%
Q1 25	$932.0K	2.2%
Q2 25	$866.0K	1.4%
Q3 25	$887.0K	1.5%
Q4 25	$815.0K	1.3%
Q1 26	$651.0K	2.2%
Q2 26	$848.0K	1.5%
Q3 26	$776.0K	1.4%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q4 22	$1M	$10M	$12M
Q1 23	$2M	$11M	$12M
Q2 23	$2M	$11M	$14M
Q3 23	$2M	$11M	$15M
Q4 23	$1M	$10M	$12M
Q1 24	$2M	$10M	$12M
Q2 24	$2M	$9M	$15M
Q3 24	$2M	$9M	$14M
Q4 24	$2M	$10M	$13M
Q1 25	$2M	$8M	$11M
Q2 25	$2M	$9M	$15M
Q3 25	$2M	$9M	$15M
Q4 25	$2M	$10M	$14M
Q1 26	$2M	$8M	$11M
Q2 26	$1M	$8M	$14M
Q3 26	$1M	$8M	$14M

Revenue by Geography

Quarter	Non Us	United States
Q1 23	$3M	$40M
Q2 23	$2M	$52M
Q3 23	$1M	$49M
Q4 23	$2M	$40M
Q1 24	$4M	$40M
Q2 24	$3M	$55M
Q3 24	$2M	$51M
Q4 24	$3M	$43M
Q1 25	$4M	$37M
Q2 25	$3M	$57M
Q3 25	$2M	$56M
Q4 25	$4M	$58M
Q1 26	$2M	$28M
Q2 26	$3M	$54M
Q3 26	$2M	$54M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$20M	$0	$20M
Q1 23	$17M	$0	$17M
Q2 23	$16M	$0	$16M
Q3 23	$22M	$0	$22M
Q4 23	$22M	$0	$22M
Q1 24	$19M	$0	$19M
Q2 24	$8M	$0	$8M
Q3 24	$16M	$0	$16M
Q4 24	$30M	$0	$30M
Q1 25	$23M	$0	$23M
Q2 25	$14M	$0	$14M
Q3 25	$17M	$0	$17M
Q4 25	$23M	$0	$23M
Q1 26	$18M	$0	$18M
Q2 26	$3M	$0	$3M
Q3 26	$10M	$0	$10M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 22	13M	-5.4%	-6.0%
Q1 23	13M	+0.1%	-6.0%
Q2 23	14M	+1.1%	-5.3%
Q3 23	13M	-1.9%	-6.2%
Q4 23	13M	-0.7%	-1.4%
Q1 24	13M	-0.4%	-1.9%
Q2 24	13M	+0.5%	-2.5%
Q3 24	13M	-2.8%	-3.4%
Q4 24	13M	-0.7%	-3.3%
Q1 25	13M	+0.5%	-2.5%
Q2 25	13M	+2.2%	-0.8%
Q3 25	13M	-0.2%	+1.9%
Q4 25	13M	-3.3%	-0.8%
Q1 26	13M	+0.2%	-1.1%
Q2 26	13M	+1.2%	-2.1%
Q3 26	13M	-2.5%	-4.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 22	$145.7K	315
Q1 23	$138.7K	315
Q2 23	$172.8K	315
Q3 23	$161.6K	315
Q4 23	$139.7K	302
Q1 24	$143.9K	302
Q2 24	$191.8K	302
Q3 24	$176.9K	302
Q4 24	$160.2K	289
Q1 25	$144.1K	289
Q2 25	$208.4K	289
Q3 25	$202.4K	289
Q4 25	$207.2K	299
Q1 26	$99.3K	299
Q2 26	$191.3K	299
Q3 26	$189.2K	299

Revenue / Employee