PEW maintains a conservative capital structure with a negligible debt-to-equity ratio of 0.07 as of 2026Q1, though equity has eroded to $103.9 million due to accumulated losses.
| Total Current Assets | 116.81M | 120.69M | 0 | 1.54M |
| Cash & Short-Term Investments | 106.43M | 110.39M | 0 | 1.29M |
| Cash Only | 106.43M | 110.39M | 0 | 1.29M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | - | - | - | - |
| Inventory | 9.16M | 8.53M | 0 | 0 |
| Days Inventory Outstanding | 33.54 | 36.58 | - | - |
| Other Current Assets | 1.23M | 1.76M | 0 | 0 |
| Total Non-Current Assets | 11.74M | 10.57M | 0 | 171.05M |
| Property, Plant & Equipment | 9.69M | 8.59M | 0 | 0 |
| Fixed Asset Turnover | 16.88x | 11.23x | - | - |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 781K | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 170.86M |
| Other Non-Current Assets | 2.04M | 1.2M | 0 | 197.91K |
| Total Assets | 128.55M | 131.26M | 0 | 172.59M |
| Asset Turnover | 0.82x | 0.73x | - | - |
| Asset Growth % | -100% | - | -100% | - |
| Total Current Liabilities | 16.89M | 16.77M | 890 | 205.07K |
| Accounts Payable | 13.03M | 11.83M | 0 | 0 |
| Days Payables Outstanding | 47.21 | 50.74 | - | - |
| Short-Term Debt | 0 | 41K | 0 | 0 |
| Deferred Revenue (Current) | 5.83M | 2.45M | 0 | 0 |
| Other Current Liabilities | 2.04M | 2.45M | 890 | 205.07K |
| Current Ratio | 6.91x | 7.19x | - | 7.50x |
| Quick Ratio | 6.37x | 6.69x | - | 7.50x |
| Cash Conversion Cycle | -13.67 | - | - | - |
| Total Non-Current Liabilities | 7.77M | 6.89M | 0 | 5.95M |
| Long-Term Debt | 7.77M | 6.89M | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 5.95M |
| Total Liabilities | 24.66M | 23.66M | 890 | 6.16M |
| Total Debt | 7.77M | 6.93M | 0 | 0 |
| Net Debt | -98.66M | -103.47M | 0 | -1.29M |
| Debt / Equity | 0.07x | 0.06x | - | - |
| Debt / EBITDA | -1.04x | - | - | - |
| Net Debt / EBITDA | 13.26x | - | - | -3.12x |
| Interest Coverage | - | - | - | - |
| Total Equity | 103.89M | 107.6M | -890 | 166.44M |
| Equity Growth % | 261059.42% | 12090100% | -100% | - |
| Book Value per Share | 3.50 | 3.60 | -0.00 | 7.83 |
| Total Shareholders' Equity | 103.89M | 107.6M | -890 | 166.44M |
| Common Stock | 3K | 3K | 0 | 170M |
| Retained Earnings | -6.52M | -4.69M | -890 | -3.56M |
| Treasury Stock | 0 | -8.88M | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
Negative operating margin scale
As reported in recent financial statements, PEW's total assets fluctuated from $175.9 million in 2024Q2 to $128.5 million in 2026Q1, reflecting a contraction in the balance sheet that suggests the company is struggling to deploy its capital effectively within its core e-commerce distribution model.
The reduction in total assets over the last two years indicates that the company is not currently scaling its operations in a way that requires significant asset accumulation. Investors should monitor whether this contraction is a strategic pivot toward a leaner model or a symptom of declining market share in a highly competitive retail environment.
According to the latest quarterly filings, PEW maintains a cash position of $110.4 million as of 2025Q4, which notably exceeds its annual revenue of $96.4 million, signaling a highly conservative liquidity profile that appears disconnected from the company's underlying operational performance.
While a current ratio of 7.19 provides a substantial buffer against short-term shocks, the presence of such significant idle cash suggests that management has not yet identified high-return internal investment opportunities. This liquidity position may invite scrutiny regarding the efficiency of capital allocation, especially given the persistent negative operating margins.
Based on the reported figures, PEW maintains a negligible debt-to-equity ratio of 0.06 as of 2026Q1, indicating that the company has avoided reliance on external financing to fund its operations or its recent capital expenditures.
The minimal debt load suggests that the company is not currently exposed to interest rate volatility or refinancing risks, which is a positive attribute in the current economic climate. However, this lack of leverage also implies that the company is not utilizing debt to amplify returns, potentially limiting its ability to scale operations rapidly.
As indicated by the balance sheet data, equity has declined from $169.8 million in 2024Q2 to $103.9 million in 2026Q1, a trend driven primarily by the accumulation of retained losses that continue to weigh on the company's book value.
The consistent negative retained earnings suggest that the business model has yet to reach a point of self-sustaining profitability. Investors should be wary of further equity dilution or erosion if the company continues to burn through its cash reserves without achieving a meaningful improvement in its net margin profile.
Analysis of recent filings reveals that PEW utilized $8.9 million for share repurchases in 2025Q3, a move that appears counterintuitive given the company's ongoing negative operating cash flow and the lack of a clear path to profitability in its core retail operations.
This capital allocation strategy warrants further investigation, as it suggests that management may be prioritizing short-term financial engineering over long-term operational investment. The disconnect between the company's status as a cash-rich entity and its inability to generate positive operating income remains the most significant risk to long-term shareholder value.
Quick answers to the most common questions about buying PEW stock.
As of 2025, GrabAGun Digital Holdings Inc. (PEW) had total assets of $131.3M including $120.7M in current assets.
GrabAGun Digital Holdings Inc. (PEW) carries total debt of $6.9M, offset by $110.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
GrabAGun Digital Holdings Inc. (PEW) has total shareholders' equity (book value) of $107.6M ($3.60 book value per share). Book value represents the net worth of the company belonging to common stock holders.
GrabAGun Digital Holdings Inc. (PEW) reported a current ratio of 7.19x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.