Welcome to our dedicated page for Axil Brands SEC filings (Ticker: AXIL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
AXIL Brands, Inc. filings document financial-results releases, governance actions and stockholder voting matters for a consumer products company built around AXIL hearing protection products and Reviv3 hair and skin care products. Form 8-K reports furnish quarterly and fiscal-year operating results and related exhibits under Item 2.02.
Proxy and annual-meeting filings describe director elections, board committee assignments, auditor ratification and other governance matters submitted to stockholders. Material-event filings also record board vacancies and appointments, committee roles and formal voting outcomes.
Axil Brands, Inc. (AXIL) is the subject of Amendment No. 8 to a Schedule 13D reporting updated beneficial ownership by Jeff Toghraie, Intrepid Global Advisors, Inc., and Don Frank Nathaniel Vasquez. The amendment reflects a change in their ownership percentages due to a change in Axil’s outstanding common shares.
Mr. Toghraie may be deemed to beneficially own 3,799,538 shares of common stock, or 46.9% of the class, including options and preferred stock convertible into common shares. Intrepid may be deemed to own 3,294,538 shares (43.4%), and Mr. Vasquez 1,276,251 shares (18.7%). Intrepid holds voting rights over 1,275,000 of Mr. Vasquez’s shares under a Voting Agreement and Irrevocable Proxy expiring no later than October 17, 2026.
AXIL Brands, Inc. (AXIL) reported strong results for the fourth quarter and fiscal year ended May 31, 2026, driven mainly by big-box retail sales in its hearing protection and enhancement segment. Q4 2026 net revenues rose 48.9% to $8.6 million, with gross margin expanding to 72.0% and income from operations increasing to $1.4 million from roughly break-even a year earlier. Q4 net income was $1.5 million versus a prior-year loss, and adjusted EBITDA reached $1.7 million, or 20.3% of net revenues.
For fiscal 2026, AXIL generated net revenues of $30.8 million and net income of $2.7 million, or $0.33 diluted EPS, compared with $0.10 diluted EPS in 2025. Adjusted EBITDA for the year was $4.0 million (13.1% margin). Cash was $4.5 million with no outstanding borrowings, while accounts receivable and inventory increased as distribution expanded. Management estimates retail store count grew to approximately 6,000 locations from about 1,800, including an expanded Walmart rollout and new placements at Sportsman’s Warehouse and, after year-end, U.S. Marine Corps Exchange. AXIL highlighted upcoming customs duty refunds of about $910,000 that will benefit fiscal 2027 gross margin on a non-recurring basis.
Axil Brands, Inc. (AXIL) reports a strong fiscal year ended May 31, 2026, driven by its hearing enhancement and protection products, which contributed about 96% of revenue. Net revenues rose 17.5% to $30.8 million, while net income more than tripled to $2.7 million as operating income grew to $3.0 million. Adjusted EBITDA increased 66.2% to $4.0 million, lifting adjusted EBITDA margin to 13.1% from 9.3%.
Growth was led by a major shift toward retail and wholesale in the hearing segment, where those channels grew 136.9% to $9.9 million and reached 33.4% of segment sales, while direct-to-consumer hearing revenue fell 4.3%. This mix change compressed gross margin from 71.0% to 69.3%, though absolute gross profit still increased 14.7% to $21.4 million. Hair and skin care revenue declined 21.9% to $1.2 million as AXIL reduced marketing ahead of a planned Reviv3 rebrand in fiscal 2027.
AXIL ended the year debt‑free and later received about $910,000 of tariff refunds, boosting liquidity. As of August 14, 2026, cash and cash equivalents were roughly $7.42 million. Key structural risks include one hearing customer representing 23% of consolidated net revenues and 69% of segment accounts receivable, and high vendor concentration, with a single hearing supplier providing 79% of that segment’s purchases.
AXIL Brands, Inc. reported Q3 2026 net sales of $7.29 million, up 5.4% year over year, driven mainly by hearing protection products. Higher tariffs pushed cost of sales up, reducing gross margin to 69.1% from 71.7%.
Operating expenses rose 10.1% to $4.83 million, largely from about $400,000 in extra sales and marketing spend to support retail expansion. As a result, income from operations fell to $214,239 and net income declined to $203,046, while adjusted EBITDA dropped 47.1% to $470,794.
Management highlighted rapid retail growth, with an estimated 6,000 stores now carrying AXIL products versus less than 1,800 at the end of last year. For Q4 2026, the company expects revenue of $8–$10 million and gross margin of 67–71%, and projects full-year 2026 revenue of $30.2–$32.2 million, implying 15–23% growth over 2025.
AXIL Brands, Inc. reported continued profitability for the quarter ended February 28, 2026. Net sales for the quarter were $7,294,030, generating net income of $203,046, or $0.03 basic and $0.02 diluted earnings per share. For the nine months, sales reached $22,285,107 with net income of $1,242,223, or $0.18 basic and $0.15 diluted per share.
Total assets were $15,181,026 as of February 28, 2026, including $5,518,989 in cash and cash equivalents. Stockholders’ equity increased to $11,462,534, supported by higher retained earnings and additional paid-in capital. Hearing enhancement and protection remained the primary revenue driver, with newer marketing services reported as a separate segment.
Axil Brands, Inc. director Manu Ohri acquired 5,000 shares of common stock on a no-cash basis as a grant of restricted stock for non-employee director compensation. These shares vest on January 15, 2027. After the grant, he directly owns 15,001 shares, with an additional 10,000 shares held indirectly through Anarjay Concepts Inc.
Axil Brands, Inc. director Thomas Penna reported receiving a grant of common stock as compensation. On January 15, 2026, Penna acquired 5,000 shares of restricted common stock at a price of $0.00 per share, reflecting a stock-based award rather than a cash purchase. According to the filing, these restricted shares will vest on January 15, 2027, meaning they are subject to a one-year vesting period.
Following this grant, Penna beneficially owns 23,000 shares of Axil Brands common stock in total, held directly. The transaction is reported as non-employee director compensation, highlighting that the company is using equity awards to align director interests with shareholders over time.
Axil Brands, Inc. director reports initial share holdings. On 01/15/2026, director Penna Thomas filed an initial ownership statement showing beneficial ownership of 18,000 shares of Axil Brands common stock, held directly. This filing is a routine disclosure required when an individual becomes a director or otherwise subject to insider reporting rules. The form indicates no derivative securities such as options or warrants and notes that a power of attorney authorizing the attorney-in-fact to sign on the reporting person’s behalf is attached as an exhibit.
Axil Brands, Inc. director Nancy Hundt reported a grant of 5,000 shares of restricted common stock on January 15, 2026. The shares were awarded as non-employee director compensation at a price of $0.00 per share and are scheduled to vest on January 15, 2027. Following this grant, Hundt beneficially owns 17,273 shares of Axil Brands common stock in direct ownership. This filing reflects routine equity compensation for board service rather than an open-market purchase or sale.
AXIL Brands, Inc. reported a Board change. On January 15, 2026, director Peter Dunne resigned from the Board and its committees, effective immediately. The company states his resignation was not due to any disagreement over operations, policies, or practices.
On the same day, the Board appointed Thomas Penna as a Class II director to fill the vacancy, also effective immediately. His term will run until the company’s 2028 annual meeting of stockholders, unless it ends earlier. He was also named to the Audit and Compensation Committees and will chair the Nominating and Corporate Governance Committee.
Penna, 64, brings over 35 years of experience in the professional hair care and salon industries, including serving as Chairman and CEO of Penko Beauty LLC. He will receive the company’s standard annual compensation for non-employee directors, and there are no special arrangements or related-party transactions disclosed in connection with his appointment.