Grabagun Digital Holdings Inc. · NYSE:PEW
Grabagun Digital — Q2 2026 Earnings Presentation
21 slides from Grabagun Digital's earnings presentation, Aug 13, 2026
Slide 1: Investor Presentation Q2 2026
INVESTORPRESENTATION INVESTOR PRESENTATION Q2 2026
Slide 2: Disclaimers
DISCLAIMERS No Representations or Warranties No representations or warranties, express or implied are given in, or in respect of, the accuracy or completeness of the information contained in this Presentation or any other information (whether written or oral) that has been or will be provided to you
Slide 3: Building the Digital Infrastructure for Firearms Commerce
BUILDING THE DIGITAL INFRASTRUCTURE We Discover a Gap FOR FIREARMS COMMERCE We no longer shop the way we used to and the retail firearms market needed a change. We believe people should be able to use their computers, phones, and GrabAGun was founded to modernize a fragmented and highly regulated re
Slide 4: The Opportunity
MILLENNIAL AND GEN Z COHORT IS THE LARGEST GROWING THE OPPORTUNITY GROUP OF NEW AND REPEAT BUYERS ³ Millennials and Gen Z (18-44) are now shaping the future of firearms retail, already representing 37%+ of firearm owners and growing¹ ~$25.3B First-Time Buyers Repeat Buyers Firearms U.S. Retail Addre
Slide 5: The Challenge / The Solution
THE CHALLENGE THE SOLUTION • Fragmented retail landscape • Proprietary software stack • Legacy competitors • Direct Supplier Integrations • Poor inventory visibility • Automated Compliance • Complex regulatory requirements • National fulfillment network • Limited digital capabilities • Mobile-first
Slide 6: Investment Highlights
INVESTMENT HIGHLIGHTS GrabAGun is well-capitalized with $97.5 million of cash and cash equivalents Launched PEW Logistics to deliver high-margin, scalable third-party logistics revenue stream GrabAGun is positioned to be a leading U.S. mobile-focused firearms retail platform for the next generation
Slide 7: Premier User Experience
PREMIER USER EXPERIENCE Mobile-Friendly UI Design Tailored for Millennials & FOR THE NEXT GENERATION OF FIREARMS BUYERS Gen Z Ensures Seamless Navigation & Engagement EXCEPTIONAL USER ENGAGEMENT¹ PAYMENTS & SHOOT NOW PAY 10.3M Avg Monthly Page Views LATER ROBUST CATALOG Powered by PublicSquare Payme
Slide 8: PEW Logistics Transforms GrabAGun
PEW LOGISTICS TRANSFORMS GRABAGUN FROM A RETAILER INTO AN INFRASTRUCTURE PROVIDER SPEED & RELIABILITY COMPLIANCE LEADERSHIP SCALABLE INFRASTRUCTURE DEALER & CUSTOMER EXPERIENCE • Best-in-class order fulfillment • Industry-leading ATF and regulatory • Logistics designed for exponential growth • Seaml
Slide 9: Proprietary Tech Stack for the 2A Sector
PRICING & MARGIN ENGINE PROPRIETARY TECH STACK FOR • Automated pricing optimization across ~73,000 active SKUs THE 2A SECTOR • • Competitive intelligence supports margin preservation Forecasting tools helps maximize sell-through WORKING CAPITAL OPTIMIZATION • Near real time inventory visibility acro
Slide 10: GrabAGun's Category Consolidation Opportunity
GRABAGUN’S CATEGORY CONSOLIDATION OPPORTUNITY With funding and strong customer growth, GrabAGun could become the company USED FIREARMS FIREARM ACCESSORIES WEB 1.0 that rolls up and leads the firearms industry MARKETPLACES MARKETPLACES FIREARMS The market remains highly fragmented, creating acquisiti
Slide 11: GrabAGun Has Built a Vast Network
GrabAGun has built a vast network of federal firearms dealers to handle the transfer of firearms purchased on our platform to our customers in compliance with ATF regulations. We believe there is an FFL dealer in our network located within 15 miles of 97% of the United States population. 11
Slide 12: Capital Allocation Strategy
CAPITAL ALLOCATION STRATEGY ~$100 MILLION CASH POSITION DEPLOYING WITH DISCIPLINE ACROSS FOUR PRIORITIES 01 02 03 04 ORGANIC MARGIN STRATEGIC SHAREHOLDER GROWTH EXPANSION ACQUISITIONS RETURNS NEAR-TERM NEAR-TERM MID-TERM LONG-TERM Expand product assortment Scale PEW Logistics Acquire adjacent platfo
Slide 13: FY 2026 Q2 KPIs
FY 2026 Q2 KPIS GrabAGun continued to outperform the broader industry in Q2 2026, demonstrating the strength and resilience of our business model: AVERAGE ORDER VALUE $489 (+7.4% year-over-year) NET REVENUE ADJUSTED EBITDA1 $23.2M ($1.7) Million (-285% year-over-year) (+9.4% year-over-year) FIREARMS
Slide 14: Appendix
APPENDIX 14
Slide 15: Condensed Consolidated Balance Sheet
CONDENSED CONSOLIDATED BALANCE SHEET UNAUDITED, $ IN THOUSANDS JUNE 30, 2026 DECEMBER 31, 2025 DESCRIPTION · ($ IN THOUSANDS) UNAUDITED AUDITED ASSETS · CURRENT Cash and cash equivalents $ 97,512 $ 110,395 Inventory, net 9,324 8,532 Prepaid expenses and other current assets 1,454 1,761 Total current
Slide 16: Condensed Consolidated Statement of Operations
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS UNAUDITED, $ IN THOUSANDS, EXCEPT PER SHARE AMOUNTS DESCRIPTION 3 MONTHS ENDED JUN 30 3 MONTHS ENDED JUN 30 6 MONTHS ENDED JUN 30 6 MONTHS ENDED JUN 30 ($ IN THOUSANDS, EXCEPT PER-SHARE AMOUNTS) 2026 2025 2026 2025 Net revenues $ 23,217 $ 21,228 $ 49,14
Slide 17: Reconciliation of Net Loss to Adjusted EBITDA
RECONCILIATION OF NET LOSS TO ADJUSTED EBITDA UNAUDITED, $ IN THOUSANDS DESCRIPTION 3 MONTHS ENDED JUN 30 3 MONTHS ENDED JUN 30 6 MONTHS ENDED JUN 30 6 MONTHS ENDED JUN 30 ($ IN THOUSANDS, EXCEPT PER-SHARE AMOUNTS) 2026 2025 2026 2025 REVENUE & GROSS PROFIT Net revenues $ 23,217 $ 21,228 $ 49,145 $
Slide 18: Regulatory Compliance
REGULATORY COMPLIANCE Firearm purchase process 1 2 3 4 Buyer purchases firearm, pays GrabAGun ships the firearm to the Buyer goes to the FFL and completes all Following the successful completion of GrabAGun, and selects their local Federal designated FFL in compliance with required paperwork, as wel
Slide 19: Post-Sale Fulfillment & Regulatory Compliance Procedures
POST-SALE FULFILLMENT & REGULATORY COMPLIANCE PROCEDURES COMPLIANCE FFL VALIDATION Proprietary software validates FFL status and location, placing errors on hold for remediation GrabAGun’s industry leading regulatory compliance system, eGunbook, reduces arduous filings and streamlines order fulfillm
Slide 20: Leadership Team
LEADERSHIP TEAM • President, CEO and Chairman of GrabAGun since 2024 MARC NEMATI • Software engineer who developed industry-leading inventory management and compliance software, including first federally-approved electronic background check process • B.S. in Computer Science and M.S. in Security Eng
Slide 21: Board of Directors
BOARD OF DIRECTORS • Director at GrabAGun; President of Capitol 6 Advisors LLC since July 2019 and Caliber Contact since April 2023 CHRIS W. COX • Former Executive Director of NRA's Institute for Legislative Action (2002-2019) and primetime speaker at 2016 Republican National Convention • Graduate o
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