GrabAGun Digital (PEW) Investor presentation summary

Market opportunity and customer trends

• Millennials and Gen Z now represent over 37% of firearm owners, driving growth in the $25.3B U.S. firearms retail market.

• Traditional retailers struggle to engage younger, tech-savvy buyers, while major outdoor retailers are scaling back firearm sales.

• Five-year U.S. firearms retail revenue grew 48% from 2019 to 2024.

Business model and technology

• Operates a mobile-first, digital firearms retail platform with over 73,000 active SKUs and robust compliance systems.

• Proprietary tech stack includes AI-driven demand prediction, automated procurement, and eGunbook compliance platform.

• 97% of the U.S. population is within 15 miles of a partner FFL dealer, enabling broad access and regulatory compliance.

Financial performance and capital position

• Q1 2026 net revenue reached $25.9M, up 11% year-over-year, with an average order value of $467.

• Adjusted EBITDA for Q1 2026 was ($2.0M), reflecting increased investment and scaling.

• Maintains a strong balance sheet with $106M in cash and cash equivalents as of March 2026.

• $8.7M remains authorized for share repurchases out of a $20M plan.