Lucide Ledger

A filing-first public record from Lucide House.

Issue 012 | U.S. Pilot | US

PEW

GrabAGun Digital Holdings Inc.

Screen state: Passing Source state: Verified 10-Q | 2026-05-13 Filing currency: USD
Open Filing Back to Register Report a correction
Internal NCAV Discount 35.3%

GNNI internal NCAV discount calculation. Market context inputs are retained internally and are not displayed.

Current Assets
116,812,000USD
Total Liabilities
24,663,000USD
NCAV
92,149,000USD
Cash
106,428,000USD
NCAV per share
3.02USD/share
Evidence
9 annual | 4 quarterly

Mary filing review

Financial Statement Evidence

Deterministic observations from the frozen Mary Reason Card. They annotate filing evidence and do not determine screen inclusion.

Evaluated
12
Triggered
2
Unavailable
7
Requires inspection Negative OCF -1,660,000
Latest
-1,660,0002026-03-31
Comparison
n/a
Change
n/a

Basis: latest reporting-period cash from operations < 0

Source periods: SEC 10-Q 2026-03-31 · 0001193125-26-221673

Supporting observation Current Ratio > 1.5 6.91
Latest
6.912026-03-31
Comparison
1.5
Change
n/a

Basis: current assets / current liabilities; strong if > 1.5

Source periods: SEC 10-Q 2026-03-31 · 0001193125-26-221673

7 unavailable checks — inspect missing inputs
High Debt (short-term debt + long-term debt) / ordinary equity >= 50%
Low Debt (short-term debt + long-term debt) / ordinary equity < 20%
Material 1Y Share Increase 1Y share change >= +2% using the same share-count source
NCAV Growing equivalent prior-year NCAV change >= +2%; both NCAV values must be positive
No Material 1Y Share Increase 1Y share change > -2% and <= +1% using the same share-count source
Non-Positive Equity ordinary shareholders equity <= 0
Share Count Reduced 1Y share change <= -2% using the same share-count source

Business Profile

Checklist-driven facts extracted from filing text. Missing fields stay visible in the details.

business_profile_v1

Business profile: 0 of 12 fields established by the current extractor.

Business Profile Field Details

Business Description

Missing Source

Not established by the current extractor from the selected filing context.

Revenue Model

Missing Source

Not established by the current extractor from the selected filing context.

Customers And Channels

Missing Source

Not established by the current extractor from the selected filing context.

Segments And Geography

Missing Source

Not established by the current extractor from the selected filing context.

Tangible Operations Assets

Missing Source

Not established by the current extractor from the selected filing context.

Value Chain

Missing Source

Not established by the current extractor from the selected filing context.

Competition Positioning

Missing Source

Not established by the current extractor from the selected filing context.

Business Lifecycle Cyclicality

Missing Source

Not established by the current extractor from the selected filing context.

Strategy And Capital Allocation

Missing Source

Not established by the current extractor from the selected filing context.

Management Governance Signals

Missing Source

Not established by the current extractor from the selected filing context.

Disclosed Risks

Missing Source

Not established by the current extractor from the selected filing context.

Known Unknowns

Missing Source

Not established by the current extractor from the selected filing context.

Business Profile Sources
Source Filing Date Type Status Provenance
S1 0001193125-25-280161 2025-11-13 10-Q Missing Source Data Vault | sec/cleaned/cik=0002051380/accession=0001193125-25-280161/parser=html-cleaner-v1/full.txt
Share Count & Per-Share Comparability

Data Vault has not published the normalized share-count artifact for this company.

Known Unknowns

Only 4 quarterly periods available from Data Vault for this company.

Medium | Share Count

The current U.S. Pilot does not yet evaluate share-count trends or post-filing dilution beyond Mary's screening flags.

Low | Classification

U.S. Pilot rows are surfaced for source inspection and may still need manual business classification review.

Annual Financials

Latest annual periods, newest first. Missing cells render as n/a.

Metric
2025-12-31
10-K
USD
2025-09-30
10-K
USD
2025-06-30
10-K
USD
2025-03-31
10-K
USD
2024-12-31
10-K
USD
2024-09-30
10-K
USD
2024-06-30
10-K
USD
2024-03-31
10-K
USD
2023-12-31
10-K
USD
Revenue 96,449,000 n/a n/a n/a 93,122,000 n/a n/a n/a n/a
Operating Income -4,364,000 n/a n/a n/a 4,115,000 n/a n/a n/a 4,352,000
Net Income -2,507,000 n/a n/a n/a 4,509,000 n/a n/a n/a 4,519,000
Cash From Operations -417,000 n/a n/a n/a 1,758,000 n/a n/a n/a 4,764,000
Capex -8,473,000 n/a n/a n/a 0 n/a n/a n/a n/a
Free Cash Flow -8,890,000 n/a n/a n/a 1,758,000 n/a n/a n/a n/a
Cash And Equivalents 110,395,000 109,546,000 n/a n/a 7,887,000 n/a n/a n/a n/a
Accounts Receivable n/a n/a n/a n/a n/a n/a n/a n/a n/a
Inventory 8,532,000 6,732,000 5,468,000 5,770,000 4,244,000 n/a n/a n/a 3,469,000
Total Current Assets 120,688,000 118,075,000 12,199,000 14,663,000 12,965,000 n/a n/a n/a 15,047,000
Total Assets 131,262,000 119,824,000 12,931,000 15,390,000 13,704,000 n/a n/a n/a 16,132,000
Total Current Liabilities 16,774,000 13,217,000 n/a n/a 12,273,000 n/a n/a n/a n/a
Total Liabilities 23,661,000 13,217,000 61,114 14,925,000 12,314,000 n/a n/a n/a 14,831,000
Shareholders Equity 107,601,000 106,607,000 267,000 465,000 1,390,000 526,000 623,000 732,000 1,301,000
Shares Outstanding 29,509,698 29,982,590 1,000 n/a 10,000,000 n/a n/a n/a 10,000,000
Shares Outstanding Diluted n/a n/a n/a n/a n/a n/a n/a n/a n/a
Weighted Avg Shares Diluted 19,531,982 n/a n/a n/a 10,000,000 n/a n/a n/a n/a
Weighted Avg Shares Basic 19,531,982 n/a n/a n/a 10,000,000 n/a n/a n/a n/a
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Quarterly Financials

Latest quarterly periods, newest first. Periods are shown only when Data Vault has them.

Only 4 quarterly periods available from Data Vault for this company.

Metric
2026-06-30
10-Q
USD
2026-03-31
10-Q
USD
2025-09-30
10-Q
USD
2025-06-30
10-Q
USD
Revenue 23,217,000 25,928,000 22,267,000 21,228,000
Operating Income -2,573,000 -2,641,000 -4,179,000 -21,320
Net Income -1,810,000 -1,835,000 -3,253,000 -21,320
Cash From Operations -6,688,000 -1,660,000 n/a n/a
Capex -1,683,000 -1,096,000 n/a n/a
Free Cash Flow -8,371,000 -2,756,000 n/a n/a
Cash And Equivalents 97,512,000 106,428,000 109,546,000 n/a
Total Current Assets 108,290,000 116,812,000 119,817,000 12,199,000
Total Liabilities 19,155,000 24,663,000 13,217,000 61,114
Shares Outstanding 29,513,438 29,400,073 30,015,922 31,545,268
Shares Outstanding Diluted n/a n/a n/a n/a
Weighted Avg Shares Diluted 29,314,979 29,653,801 27,806,252 1,000
Weighted Avg Shares Basic 29,314,979 29,653,801 27,806,252 1,000
Net Share Count Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Ownership Claim Change (Normalized) Insufficient evidence Insufficient evidence Insufficient evidence Insufficient evidence
Audit Trail

NCAV Audit

Official-source inputs remain linked to filing provenance. Derived values are labeled as such.

Input Value Source concept Filing period Confidence Provenance
Current Assets 108,290,000USD us-gaap:AssetsCurrent 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0002051380/companyfacts.json
Data Vault | sec/companyfacts/cik=0002051380/companyfacts.json
Total Liabilities 19,155,000USD us-gaap:Liabilities 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0002051380/companyfacts.json
Data Vault | sec/companyfacts/cik=0002051380/companyfacts.json
Cash 97,512,000USD us-gaap:CashAndCashEquivalentsAtCarryingValue 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0002051380/companyfacts.json
Data Vault | sec/companyfacts/cik=0002051380/companyfacts.json
Shares Outstanding 29,513,438 dei:EntityCommonStockSharesOutstanding 2026-06-30 1.00 Data Vault | sec/companyfacts/cik=0002051380/companyfacts.json
Data Vault | sec/companyfacts/cik=0002051380/companyfacts.json
NCAV 89,135,000USD derived 2026-06-30 n/a company-evidence-v1 | total_current_assets - total_liabilities
NCAV per share 3.02USD derived 2026-06-30 n/a company-evidence-v1 | NCAV / shares_outstanding
Internal NCAV Discount 35.3% derived 2026-06-30 n/a gnni_publication_pack | internal_discount

NCAV = total_current_assets - total_liabilities | NCAV per share = NCAV / shares_outstanding

Source Provenance

Data Source
Data Vault
Data Vault Root
Local evidence | The Data Vault
CIK
0002051380
Company ID
n/a
Selected Annual Source
Data Vault | sec/companyfacts/cik=0002051380/companyfacts.json
Selected Quarterly Source
Data Vault | sec/companyfacts/cik=0002051380/companyfacts.json
Statement Extractor
companyfacts-screener-v1
View Extractor
companyfacts-screener-v1
Source Accession Count
5
Imported At
2026-10-04T02:14:14+00:00
Rendered At
2026-10-04T14:25:36+00:00

Run Audit

Mary Run
e4e0fe3c67594888a4dd7ffa0e17c857
Mary As Of
2026-10-03
Accession
0001193125-26-221673
CIK
0002051380
Mary Filing Date
2026-05-13
Filing Currency
USD
Internal Discount
35.3%
Source State
Verified
Market Context
Not Displayed
Market Policy
internal_only_not_redistributed
Share Trend
Not Evaluated
Dilution
Needs Review

mary_run=e4e0fe3c67594888a4dd7ffa0e17c857; mary_as_of=2026-10-03; mary_filing_date=2026-05-13; mary_accession=0001193125-26-221673; mary_cik=0002051380; gnni_supporting_filing_date=2026-05-13; internal_discount=0.353064; mary_reason=Mary's deterministic net-net screen flagged this candidate. The internal discount is shown; raw market-data fields are not published in this pilot.

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