POWW

MKT CAP:$233M

Outdoor Holding Company

Market Cap

$233M

Industrials·Aerospace & Defense·🇺🇸 United States·NASDAQ

Industrials·Aerospace·🇺🇸·NASDAQ

Stock Price

$2.02+$0.35 (+20.66%)

Apr 23, 2026

Company Details

Outdoor Holding Company engages in online marketplace business. It owns and operates the GunBroker e-commerce marketplace, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories. The company ...

CEO

Steven F. Urvan

IPO Date

Feb 7, 2017

Website

www.outdoorholding.com

Key Metrics TTM

Revenue

$118M

-22.1% YoY

Net Income

-$32M

EPS (Diluted)

-$0.30

Free Cash Flow

$12M

Revenue / Share

$1.00

Gross Margin

32.8%

Operating Margin

-29.0%

Net Margin

-27.6%

FCF Margin

9.9%

P/S

2.0x

P/E

—

Earnings Reports

Q2 2026

Nov 10, 2025

$12MEPS $0.01

Q3 2025

May 20, 2025

$29M-18.9%EPS -$0.23

Q4 2024

Jun 13, 2024

$40M-7.5%EPS -$0.05

Q3 2024

Feb 8, 2024

$36M-7.0%EPS -$0.03

Q2 2024

Nov 9, 2023

$34M-28.8%EPS -$0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$17M	$3M	-$428.8K
Q4 21	$27M	$6M	-$461.0K
Q1 22	$44M	$19M	$10M
Q2 22	$61M	$26M	$14M
Q3 22	$65M	$23M	$11M
Q4 22	$70M	$21M	$3M
Q1 23	$61M	$18M	$5M
Q2 23	$48M	$13M	-$503.5K
Q3 23	$39M	$13M	-$4M
Q4 23	$44M	$12M	-$3M
Q1 24	$34M	$14M	-$2M
Q2 24	$34M	$8M	-$9M
Q3 24	$36M	$11M	-$3M
Q4 24	$40M	$9M	-$6M
Q3 25	$29M	$8M	-$26M
Q2 26	$12M	$10M	$707.0K

Valuation

Quarter	P/S	P/E
Q3 21	5.6x	—
Q4 21	3.7x	—
Q1 22	2.4x	48.3x
Q2 22	1.6x	11.0x
Q3 22	1.2x	7.2x
Q4 22	1.0x	7.0x
Q1 23	0.9x	8.6x
Q2 23	1.0x	19.4x
Q3 23	1.1x	—
Q4 23	1.2x	—
Q1 24	1.4x	—
Q2 24	1.5x	—
Q3 24	1.6x	—
Q4 24	1.6x	—
Q3 25	1.7x	—
Q2 26	2.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 21	-$1M	-$4M
Q4 21	-$9M	-$12M
Q1 22	$9M	$7M
Q2 22	-$16M	-$65M
Q3 22	$4M	$46M
Q4 22	$6M	$61.6K
Q1 23	$5M	-$52.4K
Q2 23	$12M	$9M
Q3 23	$721.2K	-$1M
Q4 23	$17M	$15M
Q1 24	$13M	$12M
Q2 24	$5M	$4M
Q3 24	$10M	$7M
Q4 24	$4M	$2M
Q3 25	$1M	$55.0K
Q2 26	$3M	$3M

Capital Expenditures

Quarter	CapEx
Q3 21	$2M
Q4 21	$3M
Q1 22	$2M
Q2 22	$49M
Q3 22	$43M
Q4 22	$6M
Q1 23	$5M
Q2 23	$3M
Q3 23	$2M
Q4 23	$2M
Q1 24	$1M
Q2 24	$1M
Q3 24	$3M
Q4 24	$2M
Q3 25	$1M
Q2 26	$700.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+531.1%	+222.7%
Q4 21	+424.4%	+190.3%
Q1 22	+393.1%	+194.9%
Q2 22	+447.2%	+263.8%
Q3 22	+289.2%	+217.2%
Q4 22	+160.6%	+146.6%
Q1 23	+36.6%	+60.1%
Q2 23	-20.8%	+4.3%
Q3 23	-40.2%	-20.4%
Q4 23	-37.7%	-30.1%
Q1 24	-43.6%	-34.9%
Q2 24	-28.8%	-11.1%
Q3 24	-7.0%	-10.4%
Q4 24	-7.5%	-1.2%
Q3 25	-14.8%	+52.6%
Q2 26	-65.1%	-74.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 21	$393.8K	2.4%
Q4 21	$0	0.0%
Q1 22	$766.4K	1.7%
Q2 22	$1M	2.0%
Q3 22	$0	0.0%
Q4 22	$3M	4.2%
Q1 23	$1M	2.0%
Q2 23	$1M	2.5%
Q3 23	$2M	5.6%
Q4 23	$1M	3.2%
Q1 24	$1M	3.4%
Q2 24	$2M	4.9%
Q3 24	$2M	4.9%
Q4 24	$1M	3.0%
Q3 25	$1M	3.6%
Q2 26	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q3 21	$3M	$542.3K
Q4 21	$5M	$634.8K
Q1 22	$6M	$1M
Q2 22	$7M	$2M
Q3 22	$7M	$2M
Q4 22	$12M	$3M
Q1 23	$8M	$2M
Q2 23	$9M	$1M
Q3 23	$13M	$1M
Q4 23	$11M	$742.3K
Q1 24	$12M	$295.6K
Q2 24	$14M	$290.0K
Q3 24	$10M	$236.6K
Q4 24	$12M	$548.0K
Q3 25	$30M	$176.0K
Q2 26	$3M	$71.4K

Revenue Segments

Quarter	Ammunition Casings Sales	Ammunition Sales	Marketplace Revenue	Marketplace Fee Revenue	Casing Sales
Q1 22	$4M	$28M	$12M	—	—
Q3 22	$3M	$44M	—	$18M	—
Q4 22	—	$49M	$18M	—	$3M
Q1 23	$3M	$41M	—	$17M	—
Q3 23	$3M	$20M	—	$15M	—
Q1 24	$6M	$14M	—	$14M	—
Q3 25	$4M	$12M	—	$13M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$23M	$0	$23M
Q1 23	$21M	$0	$21M
Q2 23	$29M	$0	$29M
Q3 23	$27M	$0	$27M
Q4 23	$39M	$0	$39M
Q1 24	$48M	$0	$48M
Q2 24	$50M	$0	$50M
Q3 24	$55M	$0	$55M
Q4 24	$56M	$0	$56M
Q1 25	$51M	$0	$51M
Q2 25	$34M	$0	$34M
Q3 25	$32M	$0	$32M
Q4 25	$30M	$0	$30M
Q1 26	$63M	$0	$63M
Q2 26	$66M	$0	$66M
Q3 26	$70M	$0	$70M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	48M	0.0%	+4.4%
Q4 21	54M	+12.6%	+16.4%
Q1 22	109M	+102.6%	+135.8%
Q2 22	117M	+7.0%	+144.2%
Q3 22	117M	-0.0%	+144.2%
Q4 22	116M	-0.2%	+116.5%
Q1 23	118M	+1.2%	+8.1%
Q2 23	117M	-0.8%	+0.2%
Q3 23	117M	+0.4%	+0.5%
Q4 23	117M	-0.1%	+0.6%
Q1 24	118M	+0.5%	-0.1%
Q2 24	118M	+0.4%	+1.1%
Q3 24	118M	+0.2%	+0.9%
Q4 24	119M	+0.3%	+1.4%
Q3 25	116M	-2.2%	-1.3%
Q2 26	118M	+1.3%	-0.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$131.9K	126
Q4 21	$99.6K	270
Q1 22	$164.7K	270
Q2 22	$225.9K	270
Q3 22	$239.6K	270
Q4 22	$195.3K	359
Q1 23	$169.2K	359
Q2 23	$134.5K	359
Q3 23	$107.8K	359
Q4 23	$127.7K	342
Q1 24	$100.2K	342
Q2 24	$100.5K	342
Q3 24	$105.3K	342
Q4 24	$108.1K	374
Q3 25	$78.0K	374
Q2 26	$148.0K	81

Revenue / Employee