Clarus
Builds outdoor equipment and vehicle-adventure accessories through Black Diamond and acquired brands.
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Profile
Sells Black Diamond climbing, skiing, trail, and outdoor equipment alongside Rhino-Rack, MAXTRAX, TRED Outdoors, and RockyMounts vehicle-adventure products. Outdoor is the larger segment, products sell globally through retailers, websites, distributors, and OEMs, and the portfolio has been narrowed by recent divestitures.
Runs an outdoor-equipment portfolio split between Outdoor and Adventure. Outdoor centers on Black Diamond climbing, mountaineering, trail running, backpacking, skiing, and related apparel and equipment. Adventure covers Rhino-Rack, MAXTRAX, TRED Outdoors, and RockyMounts vehicle racks, recovery boards, bicycle racks, and accessories.
Products are sold globally through outdoor specialty and online retailers, company websites, distributors, and original equipment manufacturers. Black Diamond gives the portfolio its main technical outdoor identity, while Adventure adds overlanding and vehicle-transport categories across Australia, New Zealand, the United States, and Europe.
Execution depends on product quality, innovation, pricing, customer support, and reliable delivery. Current structure is shaped by recent divestitures, a board-led strategic-alternatives review, and legal and regulatory costs tied to the Black Diamond avalanche-transceiver matter.
Company facts
Categories
Key statistics
Year to date +13.1% · Average volume (30d) 126.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 10, 2026 | Roth Capital | Reiterate | Neutral | $2.90 | $3.75 |
| May 12, 2026 | Roth Capital | Target | $3.50 | $2.90 | |
| Apr 16, 2026 | Stifel Nicolaus | Target | $6 | $5 | |
| Mar 6, 2026 | Stifel Nicolaus | Target | $6 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.07 | $0.18 | +345.5% | $51.5M | $56.2M | +9.0% | +10.09% |
| May 7, 2026Q1 FY26 | $0.02 | $0.02 | 0.0% | $61.2M | $61.9M | +1.2% | +4.15% |
| Mar 5, 2026Q4 FY25 | −$0.02 | $0.09 | +485.8% | $68.7M | $65.4M | −4.7% | −3.55% |
| Nov 6, 2025Q3 FY25 | $0.06 | $0.05 | −16.7% | $68.7M | $69.3M | +1.0% | +12.92% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $60.4M | $55.2M | $69.3M | $65.9M | $61.9M | $56.2M | |
| Gross profit | $20.8M | $19.7M | $24.4M | $15.5M | $22.8M | $27.5M | |
| Operating income | −$6.8M | −$10.9M | −$3.0M | −$6.8M | −$6.1M | $4.6M | |
| Net income | −$5.2M | −$8.4M | −$1.6M | −$31.3M | −$3.3M | $4.7M | |
| Diluted EPS | −$0.14 | −$0.22 | −$0.04 | −$0.81 | −$0.09 | $0.12 | |
| Gross margin | 34.4% | 35.6% | 35.1% | 23.5% | 36.8% | 48.9% | |
| Operating margin | -11.2% | -19.7% | -4.4% | -10.4% | -9.8% | 8.1% |
Fiscal years (4-quarter sums)FY21 $375.8M · FY22 $448.1M · FY23 $214.4M · FY24 $264.3M · FY25 $251.0M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $28.9M · Total debt $17.2M · Total assets $254.8M · Shareholders' equity $198.1M
Dividends
Raised for 6 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Aug 26 | $0.025 | |
| May 18, 2026 | May 18 | May 27 | $0.025 | |
| Mar 16, 2026 | Mar 16 | Mar 25 | $0.025 | |
| Nov 17, 2025 | Nov 17 | Nov 26 | $0.025 | |
| Aug 11, 2025 | Aug 11 | Aug 20 | $0.025 | |
| May 19, 2025 | May 19 | May 28 | $0.025 | |
| Mar 17, 2025 | Mar 17 | Mar 26 | $0.025 | |
| Nov 18, 2024 | Nov 18 | Nov 27 | $0.025 |
Ownership
Shares outstanding 38.44M · Float 24.04M · 62.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Greenhouse Funds LLLP | 5.45M | 14.17% | 13F | Aug 14, 2026 |
| Warren B. Kanders · director, 10 percent owner, officer: Executive Chairman | 4.44M | 11.56% | Form 4 | Aug 7, 2025 |
| Vanguard Capital Management LLC | 1.28M | 3.33% | 13F | Aug 13, 2026 |
| Parthenon LLC | 1.24M | 3.23% | 13F | Jul 23, 2026 |
| Potomac Capital Management, Inc. | 1.13M | 2.94% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Amer Sports
Technical outdoor brand owner spanning Arc'teryx, Salomon, and Atomic
- VF
Outdoor apparel and equipment scale through The North Face and Smartwool
- Columbia Sportswear
Outdoor apparel and gear peer through Columbia, Mountain Hardwear, prAna
- Helen of Troy
Osprey and Hydro Flask owner overlapping packs and outdoor hydration
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Clarus | $3.80 | 0.00% | $146.1M | — | 32.6 | 0.6 | +0.7% |
| Amer Sports | $30.90 | −0.53% | $17.96B | 32.7 | 22.2 | 2.4 | +32.1% |
| VF | $13.77 | +0.68% | $5.37B | 19.8 | 12.1 | 0.6 | −5.2% |
| Columbia Sportswear | $58.01 | −0.05% | $2.97B | 15.1 | 15.1 | 0.9 | +1.5% |
| Helen of Troy | $28.62 | 0.00% | $666.6M | — | 7.8 | 0.4 | +8.2% |
| Median | 19.8 | 13.6 | 0.7 | +4.9% |