Smith & Wesson Brands Inc (SWBI) financial statements: income statement, balance sheet and cash flow
Smith & Wesson Brands Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Apr 30, 2026 · FY), Smith & Wesson Brands Inc reported revenue of $523.8M (+10.4% year on year) and net income of $18.5M (+37.7% year on year).
Income statement
Smith & Wesson Brands Inc income statement, fiscal years
Line item
Apr 30, 2026 · FY
Apr 30, 2025 · FY
Apr 30, 2024 · FY
Apr 30, 2023 · FY
Net sales
$523.8M
$474.7M
$535.8M
$479.2M
Cost of sales
$382.7M
$347.5M
$377.7M
$324.7M
Gross profit
$141.1M
$127.2M
$158.1M
$154.5M
Research and development
$10.3M
$9.6M
$7.3M
$7.5M
Selling, marketing, and distribution
$41.6M
$41.3M
$40.6M
$37.0M
General and administrative
$60.0M
$54.9M
$65.5M
$61.6M
Gain on sale/disposition of assets, net
($9.0K)
($2.5M)
—
—
Total operating expenses
$111.9M
$103.3M
$113.3M
$106.1M
Operating income
$29.2M
$23.9M
$44.8M
$48.4M
Other income/(expense), net
$669.0K
($17.0K)
$6.7M
$150.0K
Interest expense, net
($4.8M)
($4.6M)
($2.1M)
($331.0K)
Total other (expense)/income, net
($4.1M)
($4.6M)
$4.6M
($181.0K)
Income before income taxes
$25.1M
$19.2M
$49.4M
$48.2M
Income tax expense
$6.6M
$5.8M
($9.8M)
$11.3M
Net income
$18.5M
$13.4M
$39.6M
$36.9M
Basic - net income
$0.42
$0.30
$0.86
$0.80
Diluted - net income
$0.41
$0.30
$0.86
$0.80
Basic
44.4K
44.5K
45.8M
45.8M
Diluted
44.9K
44.9K
46.2M
46.2M
Smith & Wesson Brands Inc income statement, quarters
Line item
Jul 31, 2026 · Q1
Jan 31, 2026 · Q3
Oct 31, 2025 · Q2
Jul 31, 2025 · Q1
Net sales
$112.6M
$135.7M
$124.7M
$85.1M
Cost of sales
$80.3M
$100.1M
$94.3M
$63.0M
Gross profit
$32.3M
$35.6M
$30.3M
$22.1M
Research and development
$2.6M
$2.4M
$2.4M
$3.0M
Selling, marketing, and distribution
$10.2M
$11.2M
$10.3M
$8.8M
General and administrative
$15.3M
$15.5M
$13.5M
$13.3M
Gain on sale/disposition of assets, net
$0
($188.0K)
$0
($43.0K)
Total operating expenses
$28.1M
$28.9M
$26.2M
$25.0M
Operating income
$4.2M
$6.7M
$4.1M
($3.0M)
Other income, net
$98.0K
$185.0K
$277.0K
$62.0K
Interest expense, net
($298.0K)
($1.5M)
($1.4M)
($1.2M)
Total other expense, net
($200.0K)
($1.3M)
($1.1M)
($1.1M)
Income/(loss) before income taxes
$4.0M
$5.4M
$3.0M
($4.1M)
Income tax expense/(benefit)
$1.4M
$1.6M
$1.1M
($690.0K)
Net income/(loss)
$2.6M
$3.8M
$1.9M
($3.4M)
Basic - net income/(loss)
$0.06
$0.08
$0.04
-$0.08
Diluted - net income/(loss)
$0.06
$0.08
$0.04
-$0.08
Basic
44.8M
44.5M
44.4M
44.3M
Diluted
45.5M
45.0M
44.7M
44.3M
Balance sheet
Smith & Wesson Brands Inc balance sheet, fiscal years
Line item
Apr 30, 2026 · FY
Apr 30, 2025 · FY
Apr 30, 2024 · FY
Apr 30, 2023 · FY
Cash and cash equivalents
$28.2M
$25.2M
$60.8M
$53.6M
Marketable securities
$5.2M
—
—
—
Accounts receivable, net of allowances for credit losses of $5 on April 30, 2026 and April 30, 2025
$40.0M
$55.9M
$59.1M
$55.2M
Inventories
$156.3M
$189.8M
$160.5M
$177.1M
Prepaid expenses and other current assets
$7.2M
$6.3M
$5.0M
$4.9M
Income tax receivable
$4.6M
$66.0K
$2.5M
$1.2M
Total current assets
$241.4M
$277.3M
$287.9M
$291.9M
Property, plant, and equipment, net of accumulated depreciation and amortization of $397,668 on April 30, 2026 and $368,811 on April 30, 2025
$238.6M
$242.6M
$252.6M
$210.3M
Intangibles, net
$2.0M
$2.4M
$2.6M
$3.6M
Goodwill
$19.0M
$19.0M
$19.0M
$19.0M
Deferred income taxes
$4.3M
$10.3M
$7.2M
$8.1M
Other assets
$7.4M
$8.0M
$8.6M
$8.3M
Total assets
$512.8M
$559.6M
$578.0M
$541.3M
Accounts payable
$34.6M
$26.9M
$41.8M
$36.8M
Accrued expenses and deferred revenue
$19.1M
$24.7M
$26.8M
$20.1M
Accrued payroll and incentives
$15.2M
$9.1M
$17.1M
$18.6M
Accrued profit sharing
$5.2M
$4.6M
$9.1M
$8.2M
Accrued warranty
$1.3M
$1.4M
$1.8M
$1.7M
Total current liabilities
$75.4M
$66.6M
$96.7M
$87.2M
Notes and loans payable (Note 4)
$19.1M
$79.1M
$39.9M
$24.8M
Finance lease payable, net of current portion
$32.2M
$33.7M
$35.4M
$37.0M
Other non-current liabilities
$9.6M
$7.7M
$7.9M
$7.7M
Total liabilities
$136.2M
$187.2M
$179.8M
$156.7M
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding
0
0
0
0
Common stock, $0.001 par value, 100,000,000 shares authorized, 44,605,993 shares issued and outstanding on April 30, 2026 and 75,789,455 shares issued and 44,111,461 shares outstanding on April 30, 2025
45.0K
76.0K
75.0K
75.0K
Additional paid-in capital
$2.8M
$298.1M
$290.0M
$283.7M
Retained earnings
$373.7M
$532.6M
$540.7M
$523.2M
Treasury stock, at cost (no shares on April 30, 2026 and 31,677,994 shares on April 30, 2025)
0
-458.3M
-432.6M
-422.4M
Total stockholders’ equity
$376.6M
$372.5M
$398.2M
$384.6M
Total liabilities and stockholders' equity
$512.8M
$559.6M
$578.0M
$541.3M
Smith & Wesson Brands Inc balance sheet, quarters
Line item
Jul 31, 2026
Jan 31, 2026
Oct 31, 2025
Jul 31, 2025
Cash and cash equivalents
$18.7M
$18.4M
$22.4M
$18.0M
Marketable securities
$6.5M
$5.0M
$4.9M
$3.2M
Accounts receivable, net of allowances for credit losses of $5 on July 31, 2026 and April 30, 2026
$29.7M
$50.8M
$45.8M
$41.3M
Inventories
$180.7M
$175.3M
$183.1M
$203.1M
Prepaid expenses and other current assets
$8.6M
$7.7M
$9.7M
$9.0M
Income tax receivable
$3.3M
$4.3M
$2.6M
$883.0K
Total current assets
$247.5M
$261.5M
$268.5M
$275.5M
Property, plant, and equipment, net of accumulated depreciation and amortization of $403,821 on July 31, 2026 and $397,668 on April 30, 2026
$242.8M
$238.6M
$242.1M
$239.4M
Intangibles, net
$1.9M
$2.2M
$2.3M
$2.4M
Goodwill
$19.0M
$19.0M
$19.0M
$19.0M
Deferred income taxes
$4.3M
$9.6M
$9.6M
$10.3M
Other assets
$7.7M
$7.1M
$7.1M
$8.1M
Total assets
$523.3M
$538.0M
$548.6M
$554.6M
Accounts payable
$37.4M
$25.5M
$23.5M
$21.2M
Accrued expenses and deferred revenue
$17.1M
$18.8M
$18.7M
$18.1M
Accrued payroll and incentives
$6.6M
$11.2M
$10.3M
$7.7M
Accrued profit sharing
$5.9M
$1.4M
$204.0K
$4.6M
Accrued warranty
$1.5M
$1.2M
$1.2M
$1.3M
Total current liabilities
$68.4M
$58.1M
$53.9M
$52.9M
Notes and loans payable (Note 3)
$39.2M
$74.1M
$89.0M
$94.1M
Finance lease payable, net of current portion
$31.7M
$32.6M
$32.8M
$33.3M
Other non-current liabilities
$10.3M
$9.7M
$9.7M
$9.9M
Total liabilities
$149.6M
$174.6M
$185.4M
$190.3M
Preferred stock, $0.001 par value, 20,000,000 shares authorized, no shares issued or outstanding
0
0
0
0
Common stock, $0.001 par value, 100,000,000 shares authorized, 44,839,680 shares issued and outstanding on July 31, 2026 and 44,605,993 shares issued and outstanding on April 30, 2026
45.0K
44.0K
76.0K
76.0K
Additional paid-in capital
$3.2M
$0
$301.9M
$299.2M
Retained earnings
$370.5M
$363.4M
$519.5M
$523.4M
Total stockholders’ equity
$373.7M
$363.4M
$363.2M
$364.4M
Total liabilities and stockholders' equity
$523.3M
$538.0M
$548.6M
$554.6M
Cash flow statement
Smith & Wesson Brands Inc cash flow statement, fiscal years
Line item
Apr 30, 2026 · FY
Apr 30, 2025 · FY
Apr 30, 2024 · FY
Apr 30, 2023 · FY
Net Income
$18.5M
$13.4M
$39.6M
—
Depreciation and amortization
$31.3M
$31.8M
$32.6M
$31.4M
Gain on sale/disposition of assets
($9.0K)
($2.5M)
($5.6M)
($55.0K)
Recoveries on notes and accounts receivable
$0
$0
($23.0K)
($27.0K)
Deferred income taxes
$5.9M
($3.0M)
$835.0K
($6.9M)
Stock-based compensation expense
$8.3M
$7.6M
$5.7M
$5.1M
Non-cash sublease income
($1.8M)
($1.7M)
—
—
Other, net
($528.0K)
($73.0K)
—
—
Accounts receivable
$15.9M
$3.2M
($3.9M)
$7.6M
Inventories
$33.6M
($29.3M)
$16.6M
($40.5M)
Prepaid expenses and other current assets
($910.0K)
($1.3M)
($57.0K)
$653.0K
Accounts payable
$5.4M
($14.8M)
$18.3M
($8.6M)
Accrued payroll and incentives
$6.1M
($8.1M)
($1.4M)
$1.2M
Accrued profit sharing
$519.0K
($4.5M)
$895.0K
($5.3M)
Accrued expenses and deferred revenue
($3.0M)
($268.0K)
$6.3M
($3.6M)
Accrued warranty
($79.0K)
($434.0K)
$142.0K
($168.0K)
Other assets
($136.0K)
$938.0K
($267.0K)
$1.8M
Other non-current liabilities
($308.0K)
($132.0K)
$145.0K
($2.7M)
Net cash provided by /(used in) operating activities
$114.2M
($7.2M)
$106.7M
$16.7M
Purchases of marketable securities
($4.6M)
—
—
—
Payments to acquire patents and software
($93.0K)
($187.0K)
($186.0K)
($334.0K)
Proceeds from sale of intangible assets
$0
$0
$6.5M
—
Proceeds from sale of property and equipment
$235.0K
$2.6M
$3.0M
$118.0K
Payments to acquire property and equipment
($23.7M)
($21.6M)
($90.8M)
($89.6M)
Net cash used in investing activities
($28.2M)
($19.2M)
($81.5M)
($89.8M)
Proceeds from loans and notes payable
$25.0M
$75.0M
$50.0M
$25.0M
Payments on loans and notes payable
($85.0M)
($35.0M)
($35.0M)
$0
Cash paid for debt issuance costs
($219.0K)
($941.0K)
—
$0
Payments on finance lease obligation
($195.0K)
($179.0K)
($1.4M)
($1.3M)
Payments to acquire treasury stock
$0
($25.5M)
($10.2M)
$0
Dividend distribution
($23.2M)
($23.1M)
($22.0M)
($18.3M)
Proceeds to acquire common stock from employee stock purchase plan
1.6M
1.6M
1.5M
1.5M
Payment of employee withholding tax related to restricted stock units
($930.0K)
($1.1M)
($839.0K)
($1.1M)
Net cash used in financing activities
($83.0M)
($9.2M)
($18.0M)
$5.9M
Net (decrease)/increase in cash and cash equivalents
$3.0M
($35.6M)
$7.3M
($67.2M)
Cash and cash equivalents, beginning of period
$25.2M
$60.8M
$53.6M
$120.7M
Cash and cash equivalents, end of period
$28.2M
$25.2M
$60.8M
$53.6M
Interest, net of amounts capitalized
$5.4M
$5.2M
$4.7M
$2.1M
Purchases of property and equipment included in accounts payable
$4.6M
$2.3M
$2.5M
$15.8M
Capital lease included in accrued expenses and finance lease payable
$580.0K
$442.0K
$612.0K
$767.0K
Smith & Wesson Brands Inc cash flow statement, quarters
Line item
Jul 31, 2026 · Q1
Jan 31, 2026 · YTD
Oct 31, 2025 · YTD
Jul 31, 2025 · Q1
Net income/(loss)
$2.6M
$2.3M
($1.5M)
($3.4M)
Depreciation and amortization
$7.7M
$23.7M
$16.5M
$8.4M
Gain on sale/disposition of assets
$0
($231.0K)
($43.0K)
($43.0K)
Stock-based compensation expense
$1.8M
$6.4M
$4.0M
$1.9M
Non-cash sublease income
($461.0K)
($1.3M)
($889.0K)
($442.0K)
Other, net
($77.0K)
—
($317.0K)
($51.0K)
Accounts receivable
$10.3M
$5.0M
$10.0M
$14.6M
Inventories
($24.4M)
$14.6M
$6.7M
($13.3M)
Prepaid expenses and other current assets
($1.4M)
($1.4M)
($3.4M)
($2.8M)
Income taxes
$1.3M
($4.2M)
($2.5M)
($817.0K)
Accounts payable
$3.0M
($893.0K)
($3.0M)
($6.4M)
Accrued payroll and incentives
($8.6M)
$2.2M
$1.2M
($1.4M)
Accrued profit sharing
$744.0K
($3.2M)
($4.4M)
$0
Accrued expenses and deferred revenue
($2.0M)
($3.3M)
($3.4M)
($4.1M)
Accrued warranty
$167.0K
($135.0K)
($138.0K)
($127.0K)
Other assets
($294.0K)
$105.0K
$40.0K
$23.0K
Other non-current liabilities
$754.0K
($123.0K)
($337.0K)
($199.0K)
Net cash used in operating activities
($8.8M)
$39.6M
$19.2M
($8.1M)
Purchases of marketable securities
($1.5M)
($4.6M)
($4.6M)
($3.2M)
Proceeds from sale of marketable securities
$159.0K
—
—
—
Payments to acquire patents and software
($11.0K)
($62.0K)
($54.0K)
($54.0K)
Proceeds from sale of property and equipment
$0
$136.0K
$49.0K
$49.0K
Payments to acquire property and equipment
($11.9M)
($18.9M)
($15.3M)
($4.3M)
Net cash used in investing activities
($13.2M)
($23.5M)
($19.9M)
($7.5M)
Proceeds from loans and notes payable
$20.0M
$25.0M
$20.0M
$20.0M
Payments on loans and notes payable
$0
($30.0M)
($10.0M)
($5.0M)
Payments on finance lease obligation
($52.0K)
($144.0K)
($93.0K)
($46.0K)
Dividend distribution
($6.0M)
($17.4M)
($11.7M)
($5.9M)
Payment of employee withholding tax related to restricted stock units
($1.4M)
($886.0K)
($875.0K)
($792.0K)
Net cash provided by financing activities
$12.6M
($22.9M)
($2.1M)
$8.3M
Net decrease in cash and cash equivalents
($9.5M)
($6.8M)
($2.8M)
($7.3M)
Cash and cash equivalents, beginning of period
$28.2M
$25.2M
$25.2M
$25.2M
Cash and cash equivalents, end of period
$18.7M
$18.4M
$22.4M
$18.0M
Interest, net of amounts capitalized
$330.0K
$4.5M
$2.9M
$1.3M
Purchases of property and equipment included in accounts payable
$4.4M
$1.8M
$1.9M
$3.1M
Capital lease included in accrued expenses and finance lease payable
$531.0K
$628.0K
$353.0K
$398.0K
U.S. Federal
$0
—
—
—
U.S. State and local
$152.0K
—
—
—
Total cash paid during the period for income taxes