Grabagun Digital Holdings Inc. · NYSE:PEW
Grabagun Digital — Q1 2026 Earnings Presentation
25 slides from Grabagun Digital's earnings presentation, May 13, 2026
Slide 1: Investor Presentation Q4 and FY 2025
INVESTOR PRESENTATION Q4 and FY 2025
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: The Second Amendment Is In Our Blood
THE SECOND AMENDMENT IS IN OUR BLOOD WE DISCOVERED A GAP We no longer shop the way we used to and the retail firearms market “A well regulated Militia, being necessary to the security of a free State, the needed a change. We believe people should be able to use their right of the people to keep and
Slide 4: The Opportunity
MILLENNIAL AND GEN Z COHORT IS THE LARGEST The opportunity GROWING GROUP OF NEW AND REPEAT BUYERS Millennials and Gen Z (18-44) are now shaping the future of firearms retail, already representing 37%+ of firearm owners and growing¹ First-Time Repeat Buyers Buyers ~$25.3B Firearms U.S. Retail Address
Slide 5: The Problem / The Solution
THE PROBLEM The SOLUTION Americans’ second amendment Our platform is built for the next generation of firearms enthusiasts and sportsmen; on a premier proprietary tech rights are under attack stack for the 2A sector that supports demand prediction, procurement, and regulatory compliance; on deep rel
Slide 6: Investment Highlights
INVESTMENT Highlights GrabAGun is well-capitalized with $110 million of cash on the balance sheet ready for strategic deployment to drive both growth and shareholder value. Launched PEW Logistics designed to unlock high-margin, scalable third-party logistics revenue stream by delivering software-lik
Slide 7: Premier User Experience for the Next Generation of Firearms Buyers
FY 2025 PREMIER USER EXPERIENCE Mobile-Friendly UI Design Tailored for Millennials & Gen Z Ensures Seamless Navigation & Engagement FOR THE NEXT GENERATION OF FIREARMS BUYERS Exceptional User Engagement¹ PAYMENTS & SHOOT NOW PAY LATER 12.3M Avg Monthly Page Views Robust CATALOG Powered by PublicSqua
Slide 8: Our Goal: Most Efficient, Compliant, Scalable Firearms Fulfillment Infrastructure
OUR GOAL IS To build the most efficient, compliant, and scalable firearms fulfillment infrastructure in America - powering GrabAGun’s growth while setting the industry standard for speed, reliability, and regulatory excellence. Speed & Reliability Compliance Leadership Scalable Infrastructure Dealer
Slide 9: Proprietary Tech Stack for the 2A Sector
DYNAMIC INVENTORY & ORDER MANAGEMENT PROPRIETARY TECH STACK FOR Near real-time distributor cost and quantity updates Automated buying algorithms optimizing for inventory forecasting, cost, THE 2A SECTOR availability, and shipping speed AI-POWERED PRICING & DEMAND PREDICTION Competitor pricing analyt
Slide 10: High-Impact Customer Outreach Programs
HIGH-IMPACT CUSTOMER OUTREACH PROGRAMS... EFFECTIVE OUTBOUND EMAIL CAPABILITIES LTM TRAFFIC BY REVENUE 63K SOURCE ¹ BY SOURCE ¹ Transaction ¹ Outbound Email List ¹ ~917 Million 30% Email 35% Email 31% 1.5 Million Emails Sent ¹ Email Open Rate ¹ Organic 34% Organic 39% Direct 17% Direct 18% Other 14%
Slide 11: GrabAGun's Opportunity as 2A Sector Consolidator
grabagun’S OPPORTUNITY AS 2A SECTOR CONSOLIDATOR With funding and strong customer growth, GrabAGun could become the Used Firearms Firearm Accessories Web 1.0 company that rolls up and leads the firearms industry. Marketplaces Marketplaces Firearms Marketplaces GrabAGun has an opportunity to unlock v
Slide 12: Vast Network of Federal Firearms Dealers
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. 12
Slide 13: Growth Enabled By Market Leadership and ~$110 Million in Strategic Capital
Growth Enabled By Strong Market Long-Term Leadership Position and ~$110 Million in Continue disciplined deployment of capital with focus on cash-generation and shareholder value creation Strategic Capital S trategic focus on inorganic growth initiatives utilizing well-funded cash position Establish
Slide 14: FY 2025 KPIs
FY 2025 KPIs GrabAGun outperformed the broader industry in 2025, demonstrating the strength and resilience of our business model: AOV $453 (+7% year-over-year) Net Revenue Adjusted EBITDA $96.5M ($753K) (-84% year-over-year) (+4% year-over-year) Firearms Sales Unit volume (+3.4% vs. NICS -4.1%) $81.
Slide 15: Robust Balance Sheet - 2025
Robust Balance Sheet - 2025 15
Slide 16: 2025 Income Statement
i 2025 INCOME STATEMENT GRABAGUN DIGITAL HOLDINGS INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (IN THOUSANDS, EXCEPT SHARES AND PER SHARE AMOUNTS) For the Three Months For the Year Ended December 31, Ended December 31. 2025 2024 2025, 2024 Net revenues 5S 29624 $ 25957 $ 96489 $
Slide 17: 2025 Cash Flow Statement
i 2025 CASH FLOW STATEMENT Operating activities: Net income (loss) S_(2,507)$ 4,509 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Stock-based compensation 3,781 - Depreciation of property and equipment 1916 Amortization of software development cos
Slide 18: Capital Allocation
Capital Allocation GrabAGun’s strong cash position provides the financial flexibility to allocate capital strategically to drive shareholder value through organic growth initiatives, acquisitions and opportunistic share repurchases ~$110.4M Current Cash Position $11.1M / $20M Share Repurchase Author
Slide 19: Appendix
APPENDIX 19
Slide 20: 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 Following the successful completion of GrabAGun, and selects their local designated FFL in compliance with all required paperwork, as well as a t
Slide 21: 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 22: 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 Engineeri
Slide 23: 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 of Rhod
Slide 24: Reconciling Financials - Balance Sheet
reconciling financials - Balance Sheet 24
Slide 25: Reconciling Financials - P&L and Cash Flow
reconciling financials - P&L and cashFlow 25
GrabAGun Digital Holdings — Q1 2026 Earnings Presentation on 6ix