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Side-by-side financial comparison of LiveOne, Inc. (LVO) and GrabAGun Digital Holdings Inc. (PEW). Click either name above to swap in a different company.
GrabAGun Digital Holdings Inc. is the larger business by last-quarter revenue ($22.3M vs $20.3M, roughly 1.1× LiveOne, Inc.). GrabAGun Digital Holdings Inc. runs the higher net margin — -17.2% vs -20.1%, a 2.8% gap on every dollar of revenue. LiveOne, Inc. produced more free cash flow last quarter ($-2.9M vs $-3.1M).
Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.
GrabAGun Digital Holdings Inc operates a leading U.S. e-commerce platform selling legal firearms, ammunition, shooting accessories, and outdoor gear. It serves individual customers, licensed firearms dealers, and law enforcement across the U.S., complying with all local, state, and federal firearm sales regulations.
LVO vs PEW — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.3M | $22.3M |
| Net Profit | $-4.1M | $-3.8M |
| Gross Margin | 18.8% | 9.6% |
| Operating Margin | -9.6% | -21.4% |
| Net Margin | -20.1% | -17.2% |
| Revenue YoY | -31.2% | — |
| Net Profit YoY | 22.3% | — |
| EPS (diluted) | — | $-0.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $20.3M | — | ||
| Q3 25 | $18.8M | $22.3M | ||
| Q2 25 | $19.2M | — | ||
| Q1 25 | $19.3M | — | ||
| Q4 24 | $29.4M | — | ||
| Q3 24 | $32.6M | — | ||
| Q2 24 | $33.1M | — | ||
| Q1 24 | $30.9M | — |
| Q4 25 | $-4.1M | — | ||
| Q3 25 | $-5.5M | $-3.8M | ||
| Q2 25 | $-3.6M | — | ||
| Q1 25 | $-10.4M | — | ||
| Q4 24 | $-5.2M | — | ||
| Q3 24 | $-1.9M | — | ||
| Q2 24 | $-1.2M | — | ||
| Q1 24 | $-2.3M | — |
| Q4 25 | 18.8% | — | ||
| Q3 25 | 13.8% | 9.6% | ||
| Q2 25 | 12.4% | — | ||
| Q1 25 | 30.8% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 24.8% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 25.5% | — |
| Q4 25 | -9.6% | — | ||
| Q3 25 | -24.4% | -21.4% | ||
| Q2 25 | -21.0% | — | ||
| Q1 25 | -55.8% | — | ||
| Q4 24 | -17.4% | — | ||
| Q3 24 | -4.3% | — | ||
| Q2 24 | -2.4% | — | ||
| Q1 24 | -3.7% | — |
| Q4 25 | -20.1% | — | ||
| Q3 25 | -29.5% | -17.2% | ||
| Q2 25 | -18.7% | — | ||
| Q1 25 | -54.2% | — | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | -5.7% | — | ||
| Q2 24 | -3.5% | — | ||
| Q1 24 | -7.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.14 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.6M | $109.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-19.0M | $106.6M |
| Total Assets | $52.3M | $119.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.6M | — | ||
| Q3 25 | $11.7M | $109.5M | ||
| Q2 25 | $11.9M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | $10.9M | — | ||
| Q3 24 | $11.1M | — | ||
| Q2 24 | $6.2M | — | ||
| Q1 24 | $7.0M | — |
| Q4 25 | $-19.0M | — | ||
| Q3 25 | $-16.2M | $106.6M | ||
| Q2 25 | $-20.8M | — | ||
| Q1 25 | $-17.8M | — | ||
| Q4 24 | $-8.4M | — | ||
| Q3 24 | $-4.7M | — | ||
| Q2 24 | $-3.8M | — | ||
| Q1 24 | $-8.7M | — |
| Q4 25 | $52.3M | — | ||
| Q3 25 | $53.8M | $119.8M | ||
| Q2 25 | $48.9M | — | ||
| Q1 25 | $40.5M | — | ||
| Q4 24 | $56.2M | — | ||
| Q3 24 | $67.2M | — | ||
| Q2 24 | $64.6M | — | ||
| Q1 24 | $63.9M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.3M | $-3.1M |
| Free Cash FlowOCF − Capex | $-2.9M | $-3.1M |
| FCF MarginFCF / Revenue | -14.4% | -13.9% |
| Capex IntensityCapex / Revenue | 3.2% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-16.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.3M | — | ||
| Q3 25 | $-3.2M | $-3.1M | ||
| Q2 25 | $-3.0M | — | ||
| Q1 25 | $-4.3M | — | ||
| Q4 24 | $3.5M | — | ||
| Q3 24 | $5.8M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $3.0M | — |
| Q4 25 | $-2.9M | — | ||
| Q3 25 | $-4.0M | $-3.1M | ||
| Q2 25 | $-4.1M | — | ||
| Q1 25 | $-5.2M | — | ||
| Q4 24 | $2.7M | — | ||
| Q3 24 | $5.2M | — | ||
| Q2 24 | $606.0K | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | -14.4% | — | ||
| Q3 25 | -21.5% | -13.9% | ||
| Q2 25 | -21.2% | — | ||
| Q1 25 | -26.9% | — | ||
| Q4 24 | 9.2% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 6.8% | — |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 4.4% | 0.2% | ||
| Q2 25 | 5.3% | — | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 3.1% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LVO
| Advertising | $15.8M | 78% |
| Membership Services | $2.9M | 14% |
| Merchandising Revenue | $1.6M | 8% |
PEW
| Firearm Sales | $18.1M | 81% |
| Non-Firearm Sales | $4.2M | 19% |
