GET DAILY SIGNALSGrabAGun Digital Holdings (PEW) Q3 2026: Revenue of $21.23 Million, Gross Margin Up, Shares Drop -2.21%
Key Takeaways
- GrabAGun Digital Holdings (NYSE: PEW) reported third-quarter 2026 net revenue of $21.23 million, a year-over-year decline that landed below consensus expectations of roughly $22.7 million.
- GAAP net loss per share came in at -$0.10, slightly wider than the -$0.09 consensus estimate.
- Gross margin expanded to 14.4%, up 480 basis points from a year earlier, marking the company's third consecutive quarter of margin improvement.
- The recently completed acquisition of distributor Camfour, which closed on October 26, 2026, will begin contributing to results in the fourth quarter.
- Shares fell 2.21% to $1.77 in regular trading and declined a further 4.52% to $1.69 in after-hours trading following the release.
Why These Results Matter
GrabAGun Digital Holdings runs a technology-driven e-commerce platform focused on firearms, ammunition, and accessories. It began trading on the New York Stock Exchange in mid-2025. Investors follow its quarterly updates closely because they show whether the company is gaining ground in a tightly regulated space while also building out higher-margin areas such as PEW Logistics, its direct-to-consumer fulfillment service for manufacturers. The third-quarter report is especially notable as the first since the Camfour acquisition announcement, offering an early look at the shift from pure online retail toward a more vertically integrated firearms commerce platform.
The Numbers in Detail
For the fiscal 2026 third quarter ended September 30, 2026, GrabAGun reported net revenue of $21.23 million, down from the prior-year period and below the consensus estimate of approximately $22.7 million. Diluted net loss per share was -$0.10, a bit softer than the -$0.09 analysts had projected.
The revenue shortfall occurred even as industry-wide background checks rose 2.5%, indicating some loss of relative momentum. On the positive side, gross margin rose to 14.4%, an improvement of 480 basis points year over year, helped by higher average selling prices, more direct-from-manufacturer purchases, and growing service revenue. Service revenue reached $271,000, up 22% sequentially and the strongest quarterly figure since PEW Logistics launched. Adjusted EBITDA stayed negative and widened from the prior year amid continued investment in growth initiatives. The company finished the quarter with $96.0 million in cash and cash equivalents, $7.6 million in long-term debt, and stockholders' equity of $100.1 million. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Market Reaction
Investors reacted cautiously. PEW shares declined 2.21% to $1.77 during regular trading on November 12, 2026, then fell another 4.52% to $1.69 in after-hours trading. The stock was trading near its 52-week low of $1.76, well below its 52-week high of $4.29. This reflects ongoing concerns about the top-line decline and the widening adjusted EBITDA loss, even though gross margin expansion and the Camfour deal point to strategic progress.
What to Watch Going Forward
Investors will focus on how quickly the Camfour acquisition integrates and begins contributing. Management noted that fourth-quarter 2026 results will include Camfour from October 26 onward, with audited financial statements and pro forma information to follow. The deal reduced cash by roughly $34.0 million and moves GrabAGun into distribution, a notable change in its business model.
Another area of interest is PEW Logistics. The platform added SAR USA (Sarsilmaz) as its fourth manufacturer customer during the quarter, joining KelTec, Derya Arms, and Backwoods Suppressors, and it has started fully operating KelTec’s website. Service revenue remains modest compared with retail sales, but its higher-margin nature makes its growth path important for future profitability.
Finally, demand trends in the broader firearms market will be worth monitoring. With background checks rising modestly while GrabAGun’s revenue declined, the company’s ability to regain sales momentum and turn margin gains into positive cash flow will be key over the coming quarters.
Using Tickeron’s AI Screener for Research
In my own work, I turned to Tickeron’s AI Screener to quickly filter peers and spot patterns in the sector. It helped surface comparable names and technical signals without hours of manual screening, giving me a clearer sense of where PEW stands relative to the group.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
PEW in -3.72% downward trend, declining for three consecutive days on November 10, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PEW declined for three days, in 98 of 175 cases, the price declined further within the following month. The odds of a continued downward trend are 56%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 05, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PEW as a result. In 25 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 28%.
The Moving Average Convergence Divergence Histogram (MACD) for PEW turned negative on November 10, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 15 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 32%.
PEW moved below its 50-day moving average on November 04, 2026 date and that indicates a change from an upward trend to a downward trend.
PEW broke above its upper Bollinger Band on November 03, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PEW's RSI Oscillator exited the oversold zone, 14 of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 61%.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +6.52% 3-day Advance, the price is estimated to grow further. Considering data from situations where PEW advanced for three days, in 64 of 137 cases, the price rose further within the following month. The odds of a continued upward trend are 47%.
The Aroon Indicator entered an Uptrend today. In 52 of 148 cases where PEW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 35%.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 17 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.541) is normal, around the industry mean (5.050). P/E Ratio (-7.839) is within average values for comparable stocks, (17.247). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.110). Dividend Yield (0.000) settles around the average of (0.055) among similar stocks. P/S Ratio (0.610) is also within normal values, averaging (18.367).
The Tickeron PE Growth Rating for this company is 19 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 77 (best 1 - 100 worst), indicating slightly worse than average price growth. PEW’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 94 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PEW’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 78, placing this stock worse than average.
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