American Outdoor Brands, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data American Outdoor Brands, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	177	167	277	248	191	201	222	191
Cost of revenue	93.9	96.4	150	133	103	113	123	105
Gross profit	83.5	71	127	114	88.1	88.4	99.3	85.2
Research and development	4.86	5	5.38	5.5	6.36	6.85	7.71	6.09
Selling and marketing	32	38.6	56.8	56.2	51.8	55.1	55.6	51.7
General and administrative	50.3	41.3	41.2	41.2	42.6	39	36.1	32.9
Operating expenses	97.5	184	103	171	101	101	99.4	94.2
Operating income	-14.1	-113	23.5	-56.5	-12.7	-12.5	-0.15	-9
Other non-operating income	5.28	4.94	0.8	0.99	0.43	0.18	0.2	-0.16
Pre-tax income	-8.79	-108	24.3	-55.5	-12.3	-12.3	0.05	-9.16
Income tax	0.73	-11.7	5.89	9.34	-0.25	-0.07	0.12	0.05
Net income	-9.52	-12	18.4	-64.9	-12	-12.2	-0.08	-9.21
EBITDA	10.9	-89.2	43.3	-39.6	3.81	3.6	13.1	3.44
EPS, basic	-0.68	-6.88	1.31	-4.66	-0.90	-0.94	-0.01	-0.73
EPS, diluted	-0.68	-6.88	1.29	-4.66	-0.90	-0.94	-0.01	-0.73
Shares, basic (weighted)	14	14	14	13.9	13.4	13	12.8	12.6
Shares, diluted (weighted)	14	14	14.2	13.9	13.4	13	12.8	12.6

Balance sheet

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents		0.23	60.8	19.5	22	29.7	23.4	21.4
Receivables		35.1	37.5	28.9	26.8	25.7	39.3	29.2
Inventory		60	74.3	122	99.7	93.3	105	91.9
Other current assets		3.24	7.1	8.49	7.84	6.41	1.54	17
Total current assets		98.7	180	180	158	155	172	163
Property, plant and equipment		9.68	9.72	10.6	9.49	11	11.2	9.33
Lease right-of-use assets		2.77	25.4	23.9	24.2	33.6	31.9	30.7
Goodwill	163	64.3	64.3	0	0	0	0
Intangible assets		69.2	54.9	63.2	52	40.2	31.4	23.5
Other non-current assets		0.24	0.42	0.34	0.26	0.4	0.23	0.36
Total assets		248	341	278	244	241	246	227
Accounts payable		8.94	16	13.6	11.5	14.2	15.7	13.4
Accrued liabilities		7.66	9.84	7.85	8.74	9.69	13.9	13.2
Total current liabilities		21.4	36.3	27	23	29.4	36.8	29.9
Lease liabilities		2.83	24.8	23.1	24.1	33.3	31.9	30.8
Other non-current liabilities		0.11	0.24	0.03	0.03
Total liabilities		24.3	61.4	74.8	51.7	62.7	68.7	60.7
Paid-in capital			265	268	273	277	281	283
Retained earnings			14.5	-50.4	-62.4	-74.6	-74.7	-83.9
Treasury stock				-15	-18.6	-24.6	-28.4	-33.5
Shareholders' equity	325	224	280	203	192	178	178	166
Total equity	325	224	280	203	192	178	178	166
Total liabilities and equity		248	341	278	244	241	246	227
Shares outstanding			14.1	13.4	13.2	12.8	12.7	12.5

Cash flow statement

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	-9.52	-96.2	18.4	-64.9	-12	-12.2	-0.08	-9.21
Depreciation and amortization	25	23.6	19.8	17	16.5	16.1	13.3	12.4
Stock-based compensation	2.27	0.85	2.91	2.81	4.05	4.08	3.5	3.07
Deferred income tax	-2.82	-12.5	-3.1	6.68
Change in receivables	0.14	-8.76	-2.34	8.59	2.04	1.11	-13.6	10.5
Change in inventory	-18.4	0.94	-14.3	-41.4	21.9	6.42	-11.4	9.43
Change in payables	-1.47	0.01	7.63	-4.52	-1.31	2.87	0.83	-1.62
Cash from operations	3.81	8.45	33.3	-18	30.7	24.5	1.36	6.32
Capital expenditures	-1.89	-1.48	-3.62	-3.4	-1.3	-4.77	-3.15	-2.05
Acquisitions	-1.77			-27
Cash from investing	-4.52	-1.86	-4.18	-33.6	-4.83	-5.98	-3.9	-2.46
Debt repaid					-20.2	-5	-7	-9.12
Share buybacks				-15	-3.53	-6.02	-3.84	-5.13
Cash from financing	0.87	-6.51	31.4	10.3	-23.5	-10.8	-3.74	-5.84
Net change in cash	0.16	0.07	60.6	-41.3	2.43	7.75	-6.28	-1.99
Free cash flow	1.92	6.97	29.7	-21.4	29.4	19.7	-1.79	4.27
Interest paid			0.11	0.13	0.76	0.31	0.29	0.35
Income taxes paid			7.95	3.82	-0.07	-0.98	0.1	0.11

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $17.55 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	46.0%	Gross profit / revenue.
Operating margin	-2.2%	Operating income / revenue.
EBITDA margin	3.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-2.0%	Pre-tax income / revenue.
Net margin	-2.0%	Net income / revenue.
FCF margin	9.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	10.6%	Cash from operations / revenue.
Return on equity (ROE)	-2.4%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-1.7%	Net income / average total assets.
Return on invested capital (ROIC)	-2.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	2.9%	Research and development expense / revenue.
Stock-based pay / revenue	1.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.9%	Capital expenditures / revenue.
D&A / revenue	5.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-14.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-0.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-7.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-14.2%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-1.1%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-7.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-73.8%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-3.4%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-39.8%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	364.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-41.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-28.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 3y	-47.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-32.2%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-6.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-4.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-9.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-8.0%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-2.4%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-7.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.7%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-2.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-2.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	4.93x	Current assets / current liabilities.
Quick ratio	1.74x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.98x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	28.1%	Total liabilities / total assets.
Working capital	$133.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	9.8%	(Goodwill + intangible assets) / total assets.
Tangible book value	$142.1M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.87x	Revenue / average total assets.
Fixed asset turnover	22.5x	Revenue / average property, plant and equipment.
Inventory turnover	1.07x	Cost of revenue / average inventory.
Days inventory	342 days	365 x average inventory / cost of revenue.
Receivables turnover	7.77x	Revenue / average receivables.
Days sales outstanding	47 days	365 x average receivables / revenue.
Days payables	52 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	337 days	Days inventory + days sales outstanding - days payables.
Capex / operating cash flow	8.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.31	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$15.78	Revenue / diluted weighted shares.
FCF per share	$1.53	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.68	Cash from operations / diluted weighted shares.
Book value per share	$13.03	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$11.26	Tangible book value / shares outstanding.
Cash per share	$2.64	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	13.6%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$219.5M	Share price x shares outstanding.
Enterprise value	$186.2M	Market cap + total debt - cash - short-term investments.
P/S	1.11x	Market cap / revenue.
P/B	1.34x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.55x	Market cap / tangible book value, when positive.
P/FCF	11.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	10.4x	Market cap / cash from operations, when positive.
EV/Sales	0.94x	Enterprise value / revenue.
EV/EBITDA	24.9x	Enterprise value / EBITDA, when both are positive.
EV/FCF	9.71x	Enterprise value / free cash flow, when both are positive.
FCF yield	8.7%	Free cash flow / market cap.
Earnings yield	-1.8%	Net income / market cap (the inverse of P/E).
Shareholder yield	1.2%	(Dividends paid + share buybacks) / market cap.

What was American Outdoor Brands, Inc.'s revenue in fiscal 2026?

American Outdoor Brands, Inc. reported revenue of $190.5M for fiscal 2026, 14.3% lower than the year before.

Was American Outdoor Brands, Inc. profitable in fiscal 2026?

No. It reported a net loss of $9.2M.

How much free cash flow did American Outdoor Brands, Inc. generate in fiscal 2026?

Cash from operations of $6.3M minus capital expenditures of $2.0M left free cash flow of $4.3M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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