Outdoor Holding Reports Q4 Revenue Rise 10.1% to $13.9M, Adjusted EBITDA Jumps to $7.7M
POWW•Outdoor Holding Company’s fourth-quarter revenue climbed 10.1% to $13.9M with adjusted EBITDA rising to $7.7M and GMV up 11.8% to $229M. Fiscal 2026 net revenues grew 3.5% to $51.1M while operating expenses fell to $50.9M and adjusted EBITDA increased to $22.3M.
1. Q4 Financial Results
Outdoor Holding Company’s fourth quarter revenue rose 10.1% to $13.9 million from $12.6 million, with gross profit increasing to $12.2 million and margin expanding to 87.6%. Operating expenses fell to $15.1 million versus $38.0 million year-over-year, reducing net loss from continuing operations to $2.7 million and lifting adjusted EBITDA to $7.7 million. GMV grew 11.8% to $229 million.
2. Full Year 2026 Performance
Net revenues for fiscal 2026 increased 3.5% to $51.1 million, while gross profit climbed to $44.6 million and margin improved to 87.2%. Operating expenses dropped to $50.9 million from $102.6 million, narrowing net loss attributable to shareholders to $6.6 million and boosting adjusted EBITDA to $22.3 million.
3. Operational and Cost Initiatives
The Company reduced ordinary-course expenses by $5.4 million through headcount, legal, and facilities cuts, and resolved legacy liabilities including a $4.4 million DCP settlement. It repurchased over 500,000 shares for more than $1 million, completed MasterFFL integration, and deployed an AI-powered listing tool to streamline FFL transfers and enhance the platform.
4. Balance Sheet and Liquidity
Cash and equivalents reached $68.1 million at March 31, up from $30.2 million a year earlier despite the DCP settlement and share repurchases. This strengthened liquidity underpins strategic investments, funding for organic growth, and continued share repurchases to drive shareholder value.
