GrabAGun Digital Holdings Inc.

GrabAGun Digital Holdings Inc., an online retailer of firearms and related accessories, has appointed John Swanagon as Chief Technology Officer, effective September 1, 2026. Swanagon, who will report to CEO Marc Nemati, brings over 30 years of technology leadership experience, most recently as Chief Digital & Technology Officer at Optum Financial, where he managed a $200 million annual budget. He previously led engineering at SiriusXM's Connected Vehicles business, overseeing a 278-person team and commercializing an early in-vehicle commerce platform later acquired by Toyota. The appointment is part of GrabAGun's strategy to leverage AI and technology to scale its e-commerce and logistics operations.

GrabAGun Digital Holdings reported second-quarter 2026 revenue of $23.2 million, up 9.4% year-over-year and 4.0% above Street estimates, while gross margin expanded 290 basis points to 13.5%. Gross profit rose 39.4% to $3.1 million, driven by AI pricing, favorable mix, and initial PEW Logistics contribution, even as unit volumes declined. PEW Logistics reached $1.9 million in cumulative GMV and added suppressor maker Backwoods Suppressors as its third manufacturer. The company posted a net loss of $1.8 million versus net income of $0.8 million a year earlier, reflecting higher public-company and growth spending, but management expects G&A to moderate from 3Q26. With $97.5 million in cash against a market cap of about $75.3 million, PEW trades at 0.71x NTM sales and a negative enterprise value.