10-K · March 5, 2026
Clarus positions itself as a portfolio owner of iconic outdoor and adventure brands (Black Diamond, Rhino‑Rack, MAXTRAX, TRED, RockyMounts) focused on product innovation, international expansion and portfolio…
Earnings analysis · 10-Q
CLAR earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Clarus Corporation reported Q1 2026 revenue of $61.9 million, slightly exceeding estimates. Gross margin improved to 36.8%, driven by better product mix and volumes, yet earnings suffered a loss of $(0.09) per share,…
Read full summary
Clarus Corporation reported Q1 2026 revenue of $61.9 million, slightly exceeding estimates. Gross margin improved to 36.8%, driven by better product mix and volumes, yet earnings suffered a loss of $(0.09) per share, worse than the $(0.01) expected loss. Management revised revenue guidance lower to $245 million to $255 million from a previous range of $255 million to $265 million, indicating ongoing challenges in the company's operations and legal costs.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.09
- Gross margin
- 36.8%
- Segment
- Adventure
- Segment
- Outdoor
What stood out
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Revenue Exceeds Estimates
Total revenue for Q1 2026 was $61.9 million, surpassing the estimate of $61.2 million.
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Gross Margin Improvement
Gross margin increased to 36.8%, up from 34.4% in Q1 2025.
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Reduced Operating Loss
Operating loss improved to $(6.068) million from $(6.762) million year-over-year.
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Lowered Revenue Guidance
Management cut the 2026 revenue guidance to $245M-$255M from $255M-$265M.
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Segment Growth in Adventure and Outdoor
Adventure and Outdoor segments grew by $1,249K and $1,646K respectively, compared to prior year.
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Reduction in Legal and Restructuring Costs
Restructuring charges decreased to $853k from $173k in Q1 2025.
What to watch
-
Revised Financial Guidance
Revenue guidance was revised downward to $245M-$255M from a previous forecast of $255M-$265M.
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Ongoing Legal Expenses
Legal costs increased to $1,379K in Q1 2026, up from $625K in Q1 2025, related to ongoing regulatory matters.
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Net Loss Increases
Net loss for Q1 2026 was $(3.295) million compared to a loss of $(5.244) million in Q1 2025.
Management's outlook
Management expects revenue in the range of $245M-$255M for 2026, down from its previous guidance.
Earlier filings 4
10-Q · May 8, 2025
Clarus reported Q1 sales of $60,433,000, down $8,878,000 (−12.8%) versus Q1 2024, with gross profit of $20,794,000 (34.4% gross margin) and an operating loss of $6,762,000 (−11.2% operating margin). The company recorded…
10-Q · May 2, 2024
Net income and EPS were boosted by the sale of the Precision Sport segment: Clarus reported net income of $21,884,000 and diluted EPS of $0.57 for the quarter, driven by proceeds of $175,674,000 and a pre-tax gain on…
10-K · March 7, 2024
Clarus positions itself as a portfolio owner of premium outdoor and overlanding brands (Black Diamond, Rhino‑Rack, MAXTRAX, TRED) focused on product innovation and international expansion. The company completed the sale…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.