CLAR

MKT CAP:$105M

Clarus Corporation

Market Cap

$105M

Consumer Cyclical·Leisure·🇺🇸 United States·NASDAQ

Consumer Cyc.·Leisure·🇺🇸·NASDAQ

Stock Price

$2.74-$0.62 (-18.45%)

Apr 22, 2026

Company Details

Clarus Corporation develops, manufactures, and distributes outdoor equipment and lifestyle products focusing on the outdoor and consumer markets in the United States, Canada, Europe, the Middle East, Asia, Australia, New Zealand, Africa, an...

CEO

Warren Kanders

IPO Date

May 27, 1998

Website

www.claruscorp.com

Key Metrics TTM

Revenue

$252M

-4.6% YoY

Net Income

-$47M

EPS (Diluted)

-$1.21

Free Cash Flow

-$10M

Revenue / Share

$6.56

Gross Margin

28.6%

Operating Margin

-8.2%

Net Margin

-18.5%

FCF Margin

-3.9%

P/S

0.4x

P/E

—

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Mar 5, 2026

$252M-4.6%EPS -$1.21

Q4 2025

Mar 5, 2026

$67M-6.2%EPS -$0.81

Q3 2025

Nov 6, 2025

$69M+3.3%EPS -$0.04

Q2 2025

Jul 31, 2025

$55M-2.2%EPS -$0.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$113M	$44M	$8M
Q2 22	$115M	$44M	$8M
Q3 22	$116M	$39M	$6M
Q4 22	$104M	$36M	-$89M
Q1 23	$70M	$26M	-$2M
Q2 23	$58M	$23M	-$5M
Q3 23	$81M	$27M	-$3M
Q4 23	$5M	-$5M	-$27M
Q1 24	$69M	$25M	-$7M
Q2 24	$56M	$20M	-$8M
Q3 24	$67M	$23M	-$5M
Q4 24	$71M	$24M	-$50M
Q1 25	$60M	$21M	-$7M
Q2 25	$55M	$20M	-$11M
Q3 25	$69M	$24M	-$3M
Q4 25	$67M	$7M	$77.0K

Valuation

Quarter	P/S	P/E
Q1 22	0.3x	4.1x
Q2 22	0.2x	3.8x
Q3 22	0.2x	4.0x
Q4 22	0.2x	—
Q1 23	0.3x	—
Q2 23	0.3x	—
Q3 23	0.3x	—
Q4 23	0.5x	—
Q1 24	0.5x	10.3x
Q2 24	0.5x	15.5x
Q3 24	0.5x	21.6x
Q4 24	0.4x	—
Q1 25	0.4x	—
Q2 25	0.4x	—
Q3 25	0.4x	—
Q4 25	0.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$11M	-$13M
Q2 22	$5M	$2M
Q3 22	-$11M	-$14M
Q4 22	$32M	$30M
Q1 23	$3M	$2M
Q2 23	$14M	$12M
Q3 23	$142.0K	-$1M
Q4 23	$14M	$13M
Q1 24	-$16M	-$19M
Q2 24	$834.0K	-$744.0K
Q3 24	-$8M	-$9M
Q4 24	$17M	$14M
Q1 25	-$2M	-$3M
Q2 25	-$9M	-$11M
Q3 25	-$6M	-$7M
Q4 25	$12M	$12M

Capital Expenditures

Quarter	CapEx
Q1 22	$2M
Q2 22	$2M
Q3 22	$2M
Q4 22	$2M
Q1 23	$1M
Q2 23	$2M
Q3 23	$1M
Q4 23	$1M
Q1 24	$2M
Q2 24	$2M
Q3 24	$1M
Q4 24	$2M
Q1 25	$1M
Q2 25	$2M
Q3 25	$1M
Q4 25	$903.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+50.4%	+51.0%
Q2 22	+56.8%	+60.8%
Q3 22	+6.2%	+0.3%
Q4 22	-11.8%	+77.5%
Q1 23	-38.0%	-30.8%
Q2 23	-49.6%	-40.9%
Q3 23	-29.7%	-22.9%
Q4 23	-95.4%	-83.4%
Q1 24	-1.4%	+4.6%
Q2 24	-2.5%	+2.0%
Q3 24	-17.4%	-14.2%
Q4 24	+1377.4%	+277.3%
Q1 25	-12.8%	-11.7%
Q2 25	-2.2%	+2.4%
Q3 25	+3.3%	-0.1%
Q4 25	-6.2%	-44.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$3M	3.0%
Q2 22	$4M	3.1%
Q3 22	$2M	1.9%
Q4 22	$2M	2.1%
Q1 23	$1M	1.9%
Q2 23	$2M	2.6%
Q3 23	$1M	1.4%
Q4 23	$1M	26.0%
Q1 24	$1M	1.7%
Q2 24	$2M	2.7%
Q3 24	$2M	2.3%
Q4 24	$2M	2.2%
Q1 25	$1M	2.4%
Q2 25	$2M	2.8%
Q3 25	$2M	2.2%
Q4 25	$1M	2.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 22	—	$34M
Q2 22	—	$35M
Q3 22	—	$32M
Q4 22	—	$33M
Q1 23	$29M	—
Q2 23	$27M	—
Q3 23	$29M	—
Q4 23	—	$22M
Q1 24	$31M	—
Q2 24	$28M	—
Q3 24	$28M	—
Q4 24	$28M	—
Q1 25	$27M	—
Q2 25	$29M	—
Q3 25	$27M	—
Q4 25	—	$25M

Revenue Segments

Quarter	Adventure Segment	Outdoor Segment	Precision Sport Segment	Domestic Sales Revenue	International Sales Revenue
Q1 22	$29M	$52M	$33M	—	—
Q2 22	$27M	$53M	$35M	—	—
Q3 22	$19M	$63M	$34M	—	—
Q4 22	$18M	$55M	$30M	—	—
Q1 24	—	—	—	$28M	$41M
Q2 24	—	—	—	$23M	$34M
Q3 24	—	—	—	$24M	$43M
Q1 25	$16M	$44M	—	—	—
Q2 25	$19M	$37M	—	—	—
Q3 25	$21M	$49M	—	—	—
Q4 25	$18M	$47M	—	—	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$16M	$0	$16M
Q2 22	$14M	$0	$14M
Q3 22	$10M	$0	$10M
Q4 22	$12M	$0	$12M
Q1 23	$10M	$0	$10M
Q2 23	$11M	$0	$11M
Q3 23	$8M	$0	$8M
Q4 23	$11M	$0	$11M
Q1 24	$47M	$0	$47M
Q2 24	$46M	$0	$46M
Q3 24	$36M	$0	$36M
Q4 24	$45M	$0	$45M
Q1 25	$41M	$0	$41M
Q2 25	$28M	$0	$28M
Q3 25	$30M	$0	$30M
Q4 25	$37M	$0	$37M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	40M	+2.1%	+21.5%
Q2 22	40M	-0.3%	+19.6%
Q3 22	40M	-0.3%	+9.4%
Q4 22	37M	-6.4%	-5.0%
Q1 23	38M	+2.9%	-4.3%
Q2 23	37M	-2.4%	-6.3%
Q3 23	37M	+0.7%	-5.3%
Q4 23	38M	+2.2%	+3.4%
Q1 24	38M	-0.3%	+0.3%
Q2 24	38M	+0.2%	+3.0%
Q3 24	38M	+0.1%	+2.4%
Q4 24	38M	-0.2%	-0.1%
Q1 25	38M	+0.3%	+0.4%
Q2 25	38M	+0.1%	+0.3%
Q3 25	38M	0.0%	+0.1%
Q4 25	38M	-0.0%	+0.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$1M	110
Q2 22	$1M	110
Q3 22	$1M	110
Q4 22	$947.1K	110
Q1 23	$638.9K	110
Q2 23	$526.7K	110
Q3 23	$739.1K	110
Q4 23	$9.7K	500
Q1 24	$138.6K	500
Q2 24	$113.0K	500
Q3 24	$134.2K	500
Q4 24	$151.9K	470
Q1 25	$128.6K	470
Q2 25	$117.5K	470
Q3 25	$147.5K	470
Q4 25	$171.8K	390

Revenue / Employee