Clarus Corp
CLAR · Sporting & Athletic Goods, NEC · 38.4M shares · +5%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: -$5M (gross $222K, SBC $5M)
Reference price $3.40 · est. market cap ~$131M — last insider purchase, 2025-08-14 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D46Outdoor-equipment company posting deep losses and declining sales amid impairments and a serious CPSC/DOJ avalanche-transceiver investigation.
Strengths
- Strong liquidity: current ratio 4.23 (83rd pct), debt-free, ~14.8 quarters of cash runway
- Iconic brands (Black Diamond, Rhino-Rack) in growing outdoor/overlanding niches
Risks
- Net margin -18.6%, ROE -23.7%, ROA -18.7% — a deep loss year; gross margin only 15th pct
- Revenue -5.2% and negative FCF; CPSC penalty recommendation plus DOJ grand-jury subpoenas
- Repeated impairments and acquisition/divestiture churn
Notable findings
- Net lossNet loss (net margin -18.6%)
- Cash burnNegative free cash flow (-9.9M)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
33.1%
Operating margin
-23.8%
Net margin
-18.6%
Return on equity
-23.7%
Return on assets
-18.7%
ROIC
-24.0%
Revenue growth (QoQ)
-5.3%
Debt / equity
0.0×
Current ratio
4.2×
Free cash flow
-$10M
Tangible book value
$173M
Cash & investments
$37M
Cash runway
15q
Stock comp / revenue
2.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-11 | YATES MICHAEL J | Option exercise | 25K | — |
| 2025-08-14 | YATES MICHAEL J | Buy | 8.8K | $3.40 |
| 2025-08-13 | YATES MICHAEL J | Buy | 6.2K | $3.20 |
| 2025-08-06 | KANDERS WARREN B | Buy | 89K | $3.23 |
| 2025-08-05 | KANDERS WARREN B | Buy | 200K | $3.24 |
| 2025-08-05 | SOKOLOW NICOLAS | Buy | 20K | $3.25 |
| 2025-06-23 | KANDERS WARREN B | Buy | 10K | $3.48 |
| 2025-06-20 | KANDERS WARREN B | Buy | 1.0K | $3.50 |
| 2025-03-11 | SOKOLOW NICOLAS | Buy | 22K | $4.09 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-01 | Shareholder vote | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-03-05 | ResultsExhibits | filing ↗ |
| 2025-11-06 | ResultsExhibits | filing ↗ |
| 2025-07-31 | ResultsExhibits | filing ↗ |
| 2025-06-02 | Exec/director changeShareholder voteOtherExhibits | filing ↗ |
| 2025-05-08 | ResultsExhibits | filing ↗ |
| 2025-03-06 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-01 | 2026-05-28 | 0001104659-26-068932 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001104659-26-057191 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001104659-26-057178 ↗ |
| 8-K | 2026-03-05 | 2026-03-05 | 0001104659-26-024134 ↗ |
| 10-K | 2026-03-05 | 2025-12-31 | 0001104659-26-024159 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001104659-25-107793 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001104659-25-107782 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0001104659-25-072712 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0001558370-25-009892 ↗ |
| 8-K | 2025-06-02 | 2025-05-29 | 0001104659-25-055485 ↗ |
| 8-K | 2025-05-08 | 2025-05-08 | 0001104659-25-046157 ↗ |
| 10-Q | 2025-05-08 | 2025-03-31 | 0001558370-25-006998 ↗ |