GrabAGun Needs A Better Plan

2025-10-10 08:12:37 ET

Even a cursory look at GrabAGun Digital Holdings ( PEW ) raises an obvious question: why, exactly, is this company public at all? For full-year 2025, GrabAGun should post a gross profit of maybe $10 million, with year-over-year revenue growth in the range of zero. Already, nearly 80% of its market capitalization is accounted for by cash on the balance sheet, and at least so far there isn't a clear plan for how the company plans to use that cash to drive shareholder value....

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