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Side-by-side financial comparison of GrabAGun Digital Holdings Inc. (PEW) and Xilio Therapeutics, Inc. (XLO). 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 $13.7M, roughly 1.6× Xilio Therapeutics, Inc.). Xilio Therapeutics, Inc. runs the higher net margin — 75.7% vs -17.2%, a 92.9% gap on every dollar of revenue. Xilio Therapeutics, Inc. produced more free cash flow last quarter ($-2.1M vs $-3.1M).

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.

Xilio Therapeutics is a clinical-stage biotechnology company dedicated to developing novel tumor-selective immunotherapies for cancer treatment. Its product pipeline features candidates engineered to trigger anti-tumor immune responses specifically inside tumor microenvironments, reducing systemic toxicities, and it primarily targets oncology patient populations in North America and other global markets.

PEW vs XLO — Head-to-Head

Bigger by revenue
PEW
PEW
1.6× larger
PEW
$22.3M
$13.7M
XLO
Higher net margin
XLO
XLO
92.9% more per $
XLO
75.7%
-17.2%
PEW
More free cash flow
XLO
XLO
$1.0M more FCF
XLO
$-2.1M
$-3.1M
PEW

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PEW
PEW
XLO
XLO
Revenue
$22.3M
$13.7M
Net Profit
$-3.8M
$10.4M
Gross Margin
9.6%
Operating Margin
-21.4%
-86.5%
Net Margin
-17.2%
75.7%
Revenue YoY
Net Profit YoY
179.1%
EPS (diluted)
$-0.14
$-3.74

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
XLO
XLO
Q4 25
$13.7M
Q3 25
$22.3M
$19.1M
Q2 25
$8.1M
Q1 25
$2.9M
Net Profit
PEW
PEW
XLO
XLO
Q4 25
$10.4M
Q3 25
$-3.8M
$-16.3M
Q2 25
$-15.8M
Q1 25
$-13.3M
Gross Margin
PEW
PEW
XLO
XLO
Q4 25
Q3 25
9.6%
Q2 25
Q1 25
Operating Margin
PEW
PEW
XLO
XLO
Q4 25
-86.5%
Q3 25
-21.4%
-10.1%
Q2 25
-177.7%
Q1 25
-472.7%
Net Margin
PEW
PEW
XLO
XLO
Q4 25
75.7%
Q3 25
-17.2%
-85.4%
Q2 25
-196.0%
Q1 25
-452.7%
EPS (diluted)
PEW
PEW
XLO
XLO
Q4 25
$-3.74
Q3 25
$-0.14
$-0.11
Q2 25
$-0.16
Q1 25
$-0.18

Balance Sheet & Financial Strength

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

Metric
PEW
PEW
XLO
XLO
Cash + ST InvestmentsLiquidity on hand
$109.5M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$106.6M
$35.3M
Total Assets
$119.8M
$154.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PEW
PEW
XLO
XLO
Q4 25
$137.5M
Q3 25
$109.5M
$103.8M
Q2 25
$121.6M
Q1 25
$89.1M
Stockholders' Equity
PEW
PEW
XLO
XLO
Q4 25
$35.3M
Q3 25
$106.6M
$-8.1M
Q2 25
$7.1M
Q1 25
$10.7M
Total Assets
PEW
PEW
XLO
XLO
Q4 25
$154.7M
Q3 25
$119.8M
$133.7M
Q2 25
$133.8M
Q1 25
$103.7M

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
XLO
XLO
Operating Cash FlowLast quarter
$-3.1M
$-2.0M
Free Cash FlowOCF − Capex
$-3.1M
$-2.1M
FCF MarginFCF / Revenue
-13.9%
-15.3%
Capex IntensityCapex / Revenue
0.2%
0.7%
Cash ConversionOCF / Net Profit
-0.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PEW
PEW
XLO
XLO
Q4 25
$-2.0M
Q3 25
$-3.1M
$-17.5M
Q2 25
$-14.5M
Q1 25
$29.0M
Free Cash Flow
PEW
PEW
XLO
XLO
Q4 25
$-2.1M
Q3 25
$-3.1M
Q2 25
$-14.9M
Q1 25
$29.0M
FCF Margin
PEW
PEW
XLO
XLO
Q4 25
-15.3%
Q3 25
-13.9%
Q2 25
-184.0%
Q1 25
988.3%
Capex Intensity
PEW
PEW
XLO
XLO
Q4 25
0.7%
Q3 25
0.2%
0.0%
Q2 25
5.0%
Q1 25
0.8%
Cash Conversion
PEW
PEW
XLO
XLO
Q4 25
-0.19×
Q3 25
Q2 25
Q1 25

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%

XLO
XLO

Segment breakdown not available.

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