Despite management's optimism about 2026, the continued revenue decline and low profitability suggest ongoing challenges. The 10% apparel growth is positive but not enough to offset broader weakness. Monitor if the company can achieve its 2026 guidance targets.
Price Chart
Executive Summary
Clarus reported declining revenue and net losses for Q4 and full year 2025, though adjusted metrics improved year-over-year. The company is simplifying its business and guiding for improved 2026 performance with $255-265M in sales and $9-11M in adjusted EBITDA. Apparel sales grew 10% in Q4.
Key Financial Metrics
Key Facts
- Q4 revenue declined 8.4% YoY to $65.4M
- Full year revenue declined 5.2% to $250.4M
- Q4 net loss was $31.3M vs $65.5M in prior year
- Adjusted EBITDA declined to $1.2M in Q4 from $4.4M
- Company guided for $255-265M in 2026 sales and $9-11M adjusted EBITDA
- Apparel sales grew 10% in Q4, a bright spot in the results
Financial Impact
Revenue declined $6M in Q4 and $13.9M for full year 2025
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Outdoor | $47.2M | -8.0% |
| Adventure | $18.2M | -10.0% |
Risk Factors
- Continued revenue decline despite simplification efforts
- Low profitability with adjusted EBITDA margin of just 1.8% in Q4
- Dependence on successful execution of 2026 turnaround plan
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-024134 |
| Document: tm268094d1_ex99-2.htm | 0001104659-26-024134 |
| Document: tm268094d1_8k.htm | 0001104659-26-024134 |
| Document: 0001104659-26-024134-index-headers.html | 0001104659-26-024134 |
| Document: 0001104659-26-024134-index.html | 0001104659-26-024134 |
| Document: 0001104659-26-024134.txt | 0001104659-26-024134 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $3.83 | awaiting T+60 | — | $3.90 (+1.83%) |
Oct 1, 2026 25d ago | SC 13D/A | $3.45 | awaiting T+60 | — | $3.90 (+13.04%) |
Sep 22, 2026 4w ago | Institutional Cluster | $3.57 | awaiting T+60 | — | $3.90 (+9.24%) |
Jun 19, 2026 18w ago | Institutional Cluster | $3.02 $3.51 | ▼ −16.23% | ▼ −14.48% | $3.90 (−29.14%) |
Jun 12, 2026 19w ago | Institutional Cluster | $3.10 $3.72 | ▲ +20.00% | ▲ +16.74% | $3.90 (+25.81%) |
Apr 23, 2026 26w ago | Press Release | $2.73 $3.36 | ▲ +23.08% | ▲ +18.00% | $3.90 (+42.86%) |
Mar 5, 2026 33w ago | 8-K | $2.96 $2.91 | ▲ +1.79% | ▲ +14.57% | $3.90 (−31.62%) |
Mar 5, 2026 33w ago | Press Release | $2.96 $2.91 | ▲ +1.79% | ▲ +14.57% | $3.90 (−31.62%) |
Mar 4, 2026 33w ago | Press Release | $3.07 $2.91 | ▼ −5.28% | ▼ −16.58% | $3.90 (+26.95%) |
US Market Status
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