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Side-by-side financial comparison of GrabAGun Digital Holdings Inc. (PEW) and REGENXBIO Inc. (RGNX). Click either name above to swap in a different company.

REGENXBIO Inc. is the larger business by last-quarter revenue ($30.3M vs $22.3M, roughly 1.4× GrabAGun Digital Holdings Inc.). GrabAGun Digital Holdings Inc. runs the higher net margin — -17.2% vs -221.3%, a 204.1% gap on every dollar of revenue. GrabAGun Digital Holdings Inc. produced more free cash flow last quarter ($-3.1M vs $-52.8M).

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.

REGENXBIO Inc. is a clinical-stage biotechnology firm focused on gene therapy for rare severe genetic diseases. It licenses its proprietary AAV vector technology to global biopharma partners, and advances its own pipeline targeting ophthalmology, metabolic and neurodegenerative disorders.

PEW vs RGNX — Head-to-Head

Bigger by revenue
RGNX
RGNX
1.4× larger
RGNX
$30.3M
$22.3M
PEW
Higher net margin
PEW
PEW
204.1% more per $
PEW
-17.2%
-221.3%
RGNX
More free cash flow
PEW
PEW
$49.7M more FCF
PEW
$-3.1M
$-52.8M
RGNX

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PEW
PEW
RGNX
RGNX
Revenue
$22.3M
$30.3M
Net Profit
$-3.8M
$-67.1M
Gross Margin
9.6%
Operating Margin
-21.4%
-190.0%
Net Margin
-17.2%
-221.3%
Revenue YoY
43.0%
Net Profit YoY
-31.2%
EPS (diluted)
$-0.14
$-1.30

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.

Revenue
PEW
PEW
RGNX
RGNX
Q4 25
$30.3M
Q3 25
$22.3M
$29.7M
Q2 25
$21.4M
Q1 25
$89.0M
Q4 24
$21.2M
Q3 24
$24.2M
Q2 24
$22.3M
Q1 24
$15.6M
Net Profit
PEW
PEW
RGNX
RGNX
Q4 25
$-67.1M
Q3 25
$-3.8M
$-61.9M
Q2 25
$-70.9M
Q1 25
$6.1M
Q4 24
$-51.2M
Q3 24
$-59.6M
Q2 24
$-53.0M
Q1 24
$-63.3M
Gross Margin
PEW
PEW
RGNX
RGNX
Q4 25
Q3 25
9.6%
Q2 25
Q1 25
Q4 24
70.2%
Q3 24
48.8%
Q2 24
52.5%
Q1 24
72.6%
Operating Margin
PEW
PEW
RGNX
RGNX
Q4 25
-190.0%
Q3 25
-21.4%
-176.3%
Q2 25
-296.3%
Q1 25
13.6%
Q4 24
-242.1%
Q3 24
-256.6%
Q2 24
-251.3%
Q1 24
-408.8%
Net Margin
PEW
PEW
RGNX
RGNX
Q4 25
-221.3%
Q3 25
-17.2%
-208.3%
Q2 25
-331.8%
Q1 25
6.8%
Q4 24
-241.3%
Q3 24
-246.3%
Q2 24
-237.7%
Q1 24
-405.4%
EPS (diluted)
PEW
PEW
RGNX
RGNX
Q4 25
$-1.30
Q3 25
$-0.14
$-1.20
Q2 25
$-1.38
Q1 25
$0.12
Q4 24
$-0.99
Q3 24
$-1.17
Q2 24
$-1.05
Q1 24
$-1.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PEW
PEW
RGNX
RGNX
Cash + ST InvestmentsLiquidity on hand
$109.5M
$230.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$106.6M
$102.7M
Total Assets
$119.8M
$453.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PEW
PEW
RGNX
RGNX
Q4 25
$230.1M
Q3 25
$109.5M
$274.2M
Q2 25
$323.3M
Q1 25
$267.9M
Q4 24
$234.7M
Q3 24
$255.5M
Q2 24
$290.4M
Q1 24
$338.7M
Stockholders' Equity
PEW
PEW
RGNX
RGNX
Q4 25
$102.7M
Q3 25
$106.6M
$161.5M
Q2 25
$213.7M
Q1 25
$274.2M
Q4 24
$259.7M
Q3 24
$301.4M
Q2 24
$348.3M
Q1 24
$390.7M
Total Assets
PEW
PEW
RGNX
RGNX
Q4 25
$453.0M
Q3 25
$119.8M
$525.2M
Q2 25
$581.0M
Q1 25
$490.9M
Q4 24
$466.0M
Q3 24
$519.1M
Q2 24
$569.4M
Q1 24
$629.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PEW
PEW
RGNX
RGNX
Operating Cash FlowLast quarter
$-3.1M
$-52.3M
Free Cash FlowOCF − Capex
$-3.1M
$-52.8M
FCF MarginFCF / Revenue
-13.9%
-174.0%
Capex IntensityCapex / Revenue
0.2%
1.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-126.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PEW
PEW
RGNX
RGNX
Q4 25
$-52.3M
Q3 25
$-3.1M
$-56.0M
Q2 25
$-49.3M
Q1 25
$33.6M
Q4 24
$-31.6M
Q3 24
$-40.5M
Q2 24
$-45.5M
Q1 24
$-55.5M
Free Cash Flow
PEW
PEW
RGNX
RGNX
Q4 25
$-52.8M
Q3 25
$-3.1M
$-56.5M
Q2 25
$-49.7M
Q1 25
$32.6M
Q4 24
$-32.7M
Q3 24
$-40.9M
Q2 24
$-46.0M
Q1 24
$-56.0M
FCF Margin
PEW
PEW
RGNX
RGNX
Q4 25
-174.0%
Q3 25
-13.9%
-189.9%
Q2 25
-232.8%
Q1 25
36.6%
Q4 24
-154.2%
Q3 24
-168.9%
Q2 24
-206.2%
Q1 24
-358.5%
Capex Intensity
PEW
PEW
RGNX
RGNX
Q4 25
1.7%
Q3 25
0.2%
1.7%
Q2 25
1.8%
Q1 25
1.2%
Q4 24
5.1%
Q3 24
1.3%
Q2 24
2.1%
Q1 24
3.6%
Cash Conversion
PEW
PEW
RGNX
RGNX
Q4 25
Q3 25
Q2 25
Q1 25
5.53×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PEW
PEW

Firearm Sales$18.1M81%
Non-Firearm Sales$4.2M19%

RGNX
RGNX

Novartis Gene Therapies$24.2M80%
Nippon Shinyaku Collaboration And License Agreement$4.3M14%
Nippon Shinyaku Services$1.4M5%

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