American Outdoor Financials
This page shows American Outdoor (AOUT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
AOUT’s recovery to near break-even in FY2025 came from leaner overhead, while higher sales still failed to free cash from inventory.
FY2025’s almost flat earnings masked a sharper change in cash economics: free cash flow turned to-$1.8M even as the operating loss narrowed to nearly zero, because inventory expanded to$125.8M . That combination suggests the income statement recovered faster than cash conversion, so working capital, not reported earnings, was setting the pace of the turnaround.
The margin recovery in FY2025 looks more like cost discipline than a product-mix reset: gross margin stayed around
The balance sheet still reads as liquid but inventory-heavy: total liabilities were only
Financial Health Signals
Scored against emerging companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of American Outdoor's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
American Outdoor scores 2.57, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($170.0M) relative to total liabilities ($60.7M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
American Outdoor passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, American Outdoor generates $-0.69 in operating cash flow ($6.3M OCF vs -$9.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
American Outdoor generated $190.5M in revenue in fiscal year 2026. This represents a decrease of 14.3% from the prior year.
American Outdoor's EBITDA was $3.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 73.8% from the prior year.
American Outdoor reported -$9.2M in net income in fiscal year 2026. This represents a decrease of 11858.4% from the prior year.
American Outdoor earned $-0.73 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 7200.0% from the prior year.
Cash & Balance Sheet
American Outdoor generated $4.3M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 338.0% from the prior year.
American Outdoor held $21.4M in cash against $0 in long-term debt as of fiscal year 2026.
American Outdoor had 13M shares outstanding in fiscal year 2026. This represents a decrease of 2.0% from the prior year.
Margins & Returns
American Outdoor's gross margin was 44.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.
American Outdoor's operating margin was -4.7% in fiscal year 2026, reflecting core business profitability. This is down 4.7 percentage points from the prior year.
American Outdoor's net profit margin was -4.8% in fiscal year 2026, showing the share of revenue converted to profit. This is down 4.8 percentage points from the prior year.
American Outdoor's ROE was -5.5% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 5.5 percentage points from the prior year.
Capital Allocation
American Outdoor invested $6.1M in research and development in fiscal year 2026. This represents a decrease of 21.1% from the prior year.
American Outdoor spent $5.1M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 33.4% from the prior year.
American Outdoor invested $2.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 35.1% from the prior year.
AOUT Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $47.1M-16.8% | $56.6M-1.1% | $57.2M+92.6% | $29.7M-52.0% | $61.9M+5.9% | $58.5M-2.9% | $60.2M+44.6% | $41.6M |
| Cost of Revenue | $25.0M-25.1% | $33.4M+7.4% | $31.1M+96.3% | $15.8M-56.8% | $36.6M+13.1% | $32.4M+3.4% | $31.3M+37.9% | $22.7M |
| Gross Profit | $22.1M-4.8% | $23.2M-11.2% | $26.1M+88.3% | $13.9M-45.2% | $25.3M-3.1% | $26.1M-9.6% | $28.9M+52.7% | $18.9M |
| R&D Expenses | $1.6M+18.5% | $1.3M+9.0% | $1.2M-37.5% | $2.0M-12.1% | $2.2M+14.2% | $1.9M+4.3% | $1.9M+11.5% | $1.7M |
| SG&A Expenses | $8.3M+4.4% | $8.0M-5.8% | $8.5M+3.1% | $8.2M-16.7% | $9.8M+11.2% | $8.9M-1.6% | $9.0M+6.6% | $8.4M |
| Operating Income | -$359K+90.8% | -$3.9M-287.1% | $2.1M+130.7% | -$6.8M-615.5% | -$953K-414.5% | $303K-90.1% | $3.1M+219.3% | -$2.6M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$8K-900.0% | $1K | $0-100.0% | $52K+67.7% | $31K-46.6% | $58K+383.3% | $12K-45.5% | $22K |
| Net Income | -$381K+90.6% | -$4.1M-296.3% | $2.1M+130.4% | -$6.8M-588.4% | -$992K-687.0% | $169K-94.6% | $3.1M+231.5% | -$2.4M |
| EPS (Diluted) | N/A | $-0.32-300.0% | $0.16+129.6% | $-0.54 | N/A | $0.01-95.8% | $0.24+233.3% | $-0.18 |
AOUT Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $226.6M+0.7% | $225.0M-6.6% | $240.9M-0.4% | $241.9M-1.8% | $246.4M+0.2% | $245.9M-3.2% | $254.1M+3.8% | $244.8M |
| Current Assets | $162.7M+2.6% | $158.6M-7.4% | $171.3M+0.9% | $169.8M-1.0% | $171.6M+2.1% | $168.0M-3.6% | $174.2M+7.3% | $162.3M |
| Cash & Equivalents | $21.4M+106.2% | $10.4M+234.1% | $3.1M-82.5% | $17.8M-24.1% | $23.4M+37.2% | $17.1M+20.0% | $14.2M-39.4% | $23.5M |
| Inventory | $91.9M-16.6% | $110.2M-11.1% | $124.0M-1.4% | $125.8M+20.1% | $104.7M-9.5% | $115.8M+3.8% | $111.6M+4.6% | $106.7M |
| Accounts Receivable | $29.2M-11.2% | $32.9M-18.3% | $40.3M+85.3% | $21.8M-44.7% | $39.3M+24.3% | $31.6M-26.9% | $43.3M+64.2% | $26.3M |
| Goodwill | N/A | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Total Liabilities | $60.7M+2.4% | $59.3M-15.9% | $70.5M-4.8% | $74.1M+7.8% | $68.7M+2.3% | $67.2M-10.7% | $75.3M+9.0% | $69.1M |
| Current Liabilities | $29.9M+6.5% | $28.1M-27.8% | $38.9M-7.8% | $42.2M+14.7% | $36.8M+5.4% | $34.9M-18.2% | $42.6M+18.0% | $36.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $165.9M+0.1% | $165.7M-2.8% | $170.4M+1.5% | $167.8M-5.5% | $177.6M-0.6% | $178.7M-0.1% | $178.9M+1.8% | $175.7M |
| Retained Earnings | -$83.9M-0.5% | -$83.5M-5.1% | -$79.5M+2.5% | -$81.5M-9.1% | -$74.7M-1.3% | -$73.7M+0.2% | -$73.9M+4.0% | -$77.0M |
AOUT Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $11.4M+15.0% | $9.9M+174.5% | -$13.3M-688.5% | -$1.7M-121.8% | $7.8M+31.6% | $5.9M+174.2% | -$7.9M-82.3% | -$4.4M |
| Capital Expenditures | $41K-95.6% | $936K+21.7% | $769K+156.3% | $300K-46.3% | $559K-66.8% | $1.7M+2534.4% | $64K-92.4% | $844K |
| Free Cash Flow | $11.4M+26.5% | $9.0M+163.8% | -$14.1M-608.2% | -$2.0M-127.6% | $7.2M+71.1% | $4.2M+152.6% | -$8.0M-53.9% | -$5.2M |
| Investing Cash Flow | $91K+107.6% | -$1.2M-21.6% | -$986K-166.5% | -$370K+26.4% | -$503K+72.4% | -$1.8M-288.9% | -$468K+57.6% | -$1.1M |
| Financing Cash Flow | -$449K+68.6% | -$1.4M-293.1% | -$364K+89.9% | -$3.6M-299.8% | -$899K+26.6% | -$1.2M-46.2% | -$837K-7.6% | -$778K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $508K-64.5% | $1.4M+116.2% | $662K-73.8% | $2.5M+104.7% | $1.2M+0.9% | $1.2M+21.5% | $1.0M+164.0% | $381K |
AOUT Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.9%+5.9pp | 41.0%-4.6pp | 45.6%-1.0pp | 46.7%+5.8pp | 40.9%-3.8pp | 44.6%-3.3pp | 48.0%+2.5pp | 45.5% |
| Operating Margin | -0.8%+6.2pp | -6.9%-10.6pp | 3.7%+26.6pp | -23.0%-21.4pp | -1.5%-2.1pp | 0.5%-4.6pp | 5.1%+11.3pp | -6.2% |
| Net Margin | -0.8%+6.4pp | -7.2%-10.8pp | 3.6%+26.6pp | -23.0%-21.4pp | -1.6%-1.9pp | 0.3%-4.9pp | 5.2%+10.9pp | -5.7% |
| Return on Equity | -0.2%+2.2pp | -2.5%-3.7pp | 1.2%+5.3pp | -4.1%-3.5pp | -0.6%-0.6pp | 0.1%-1.6pp | 1.7%+3.1pp | -1.4% |
| Return on Assets | -0.2%+1.6pp | -1.8%-2.7pp | 0.9%+3.7pp | -2.8%-2.4pp | -0.4%-0.5pp | 0.1%-1.2pp | 1.2%+2.2pp | -1.0% |
| Current Ratio | 5.44-0.2 | 5.65+1.2 | 4.40+0.4 | 4.02-0.6 | 4.66-0.2 | 4.82+0.7 | 4.09-0.4 | 4.49 |
| Debt-to-Equity | 0.370.0 | 0.36-0.1 | 0.41-0.0 | 0.44+0.1 | 0.39+0.0 | 0.38-0.0 | 0.42+0.0 | 0.39 |
| FCF Margin | 24.1%+8.3pp | 15.9%+40.5pp | -24.6%-17.9pp | -6.7%-18.3pp | 11.6%+4.4pp | 7.2%+20.5pp | -13.3%-0.8pp | -12.5% |
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Frequently Asked Questions
What is American Outdoor's annual revenue?
American Outdoor (AOUT) reported $190.5M in total revenue for fiscal year 2026. This represents a -14.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is American Outdoor's revenue growing?
American Outdoor (AOUT) revenue declined by 14.3% year-over-year, from $222.3M to $190.5M in fiscal year 2026.
Is American Outdoor profitable?
No, American Outdoor (AOUT) reported a net income of -$9.2M in fiscal year 2026, with a net profit margin of -4.8%.
What is American Outdoor's EBITDA?
American Outdoor (AOUT) had EBITDA of $3.4M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
What is American Outdoor's gross margin?
American Outdoor (AOUT) had a gross margin of 44.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is American Outdoor's operating margin?
American Outdoor (AOUT) had an operating margin of -4.7% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is American Outdoor's net profit margin?
American Outdoor (AOUT) had a net profit margin of -4.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is American Outdoor's return on equity (ROE)?
American Outdoor (AOUT) has a return on equity of -5.5% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is American Outdoor's free cash flow?
American Outdoor (AOUT) generated $4.3M in free cash flow during fiscal year 2026. This represents a 338.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is American Outdoor's operating cash flow?
American Outdoor (AOUT) generated $6.3M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are American Outdoor's total assets?
American Outdoor (AOUT) had $226.6M in total assets as of fiscal year 2026, including both current and long-term assets.
What are American Outdoor's capital expenditures?
American Outdoor (AOUT) invested $2.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does American Outdoor spend on research and development?
American Outdoor (AOUT) invested $6.1M in research and development during fiscal year 2026.
What is American Outdoor's current ratio?
American Outdoor (AOUT) had a current ratio of 5.44 as of fiscal year 2026, which is generally considered healthy.
What is American Outdoor's debt-to-equity ratio?
American Outdoor (AOUT) had a debt-to-equity ratio of 0.37 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is American Outdoor's return on assets (ROA)?
American Outdoor (AOUT) had a return on assets of -4.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is American Outdoor's Altman Z-Score?
American Outdoor (AOUT) has an Altman Z-Score of 2.57, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is American Outdoor's Piotroski F-Score?
American Outdoor (AOUT) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are American Outdoor's earnings high quality?
American Outdoor (AOUT) has an earnings quality ratio of -0.69x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is American Outdoor?
American Outdoor (AOUT) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.