Every 10-Q that Smith & Wesson Brands, Inc. (SWBI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SWBI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SWBI filings page.
SMITH & WESSON BRANDS, INC. (SWBI) reported a strong turnaround for the quarter ended July 31, 2026, with net sales of $112.6 million, up 32.3% from $85.1 million a year earlier, driven by higher demand, mix shift to higher-priced models, and new product introductions.
Gross profit rose to $32.3 million from $22.1 million, and gross margin improved to 28.7% from 25.9%, aided by a $2.9 million non-recurring tariff refund and better fixed-cost absorption. The company generated net income of $2.6 million ($0.06 per diluted share) versus a net loss of $3.4 million ($0.08 per share) in the prior-year quarter.
Operating cash flow was a use of $8.8 million, similar to the prior year, as inventories increased by $24.4 million to support anticipated demand and level-load factories. SWBI ended the quarter with $18.7 million in cash and $40.0 million drawn on its $175.0 million revolving credit line, remained in covenant compliance, and declared a $0.13 per-share quarterly dividend, while continuing to face multiple product-liability, regulatory, and privacy-related legal proceedings.
Smith & Wesson Brands, Inc. reported stronger quarterly results while year-to-date profit declined. For the three months ended January 31, 2026, net sales rose to $135.7 million from $115.9 million, driven mainly by a 34.6% increase in handgun revenue and a shift toward higher-priced new models and a 2%–3% price increase on select products. Gross margin improved to 26.2% from 24.1%, helped by better fixed-cost absorption, lower promotions, and lower federal firearms excise taxes, partly offset by higher tariffs and labor costs. Quarterly net income increased to $3.8 million, or $0.08 per diluted share, compared with $2.1 million, or $0.05 per diluted share.
Over the nine months, net sales grew modestly to $345.5 million from $333.9 million, while net income fell to $2.3 million, or $0.05 per diluted share, versus $4.8 million, or $0.11 per diluted share, as operating margin narrowed to 2.3%. Long gun sales declined 25.8% and other products and services revenue decreased 15.9%, reflecting softer demand and lower business-to-business, parts, and suppressor sales. Inventory was reduced to $175.3 million from $189.8 million through proactive production planning. As of January 31, 2026, cash and cash equivalents were $18.4 million, marketable securities were $5.0 million, total assets were $538.0 million, and total borrowings on the revolving credit line were $75.0 million at a 5.75% weighted average interest rate. Stockholders’ equity stood at $363.4 million after ongoing dividends and the retirement of 31.7 million treasury shares.
Smith & Wesson Brands, Inc. reported quarterly net sales of $85.1 million, down $3.3 million or 3.7% from the prior-year quarter, and a narrower operating profile as gross margin fell to 25.9% from 27.4% a year earlier. The company recorded a net loss of $3.4 million or $0.08 per diluted share, compared with a net loss of $1.9 million or $0.04 per diluted share in the comparable quarter. Marketable securities produced net unrealized gains of $51,000 for the quarter and remain held as of July 31, 2025. The filing discloses amendments to the credit agreement replacing LIBOR with SOFR and adjusting a fixed-charge coverage ratio related to the company’s 2023 relocation to Maryville, Tennessee. Share counts show 75,988,368 shares issued and 44,310,374 shares outstanding on July 31, 2025.