CLAR on Nasdaq

Clarus Corp

Clarus Corp is an American sporting and athletic goods company based in Salt Lake City.2

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Last updated Oct 21, 2026.

Overview

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  • TickerCLAR on Nasdaq2
  • IndustrySporting & Athletic Goods, NEC2
  • HeadquartersSalt Lake City, United States2
  • Incorporated inDE3
  • Business address2084 East 3900 South, Salt Lake City, Ut 841243
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formCorporation2
  • LEI549300PKSLI6PT0ULL722
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 22795372

Headquartered in Salt Lake City, Utah, Clarus Corporation (which may be referred to herein as the “Company,” “Clarus,” “we,” “our” or “us”) is a global leading designer, developer, manufacturer and distributor of best-in-class outdoor equipment and lifestyle products focused on the outdoor enthusiast markets. Each of our brands has a long history of continuous product innovation for core and everyday users alike. The Company’s products are principally sold globally under the Black Diamond®, Rhino-Rack®, MAXTRAX®, TRED Outdoors®, and RockyMounts® brand names through outdoor specialty and online retailers, our own websites, distributors and original equipment manufacturers. We believe that our portfolio of iconic brands is well-positioned for sustainable, long-term growth underpinned by industry trends across the outdoor and adventure sport end markets.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

33.1%Gross margin6
-23.8%Operating margin6
-18.6%Net margin6
-5.2%Revenue growth, 20256
-23.7%Return on equity6
0.00×Debt to equity6
-$9.9MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Outdoor brought in 71% of the revenue Clarus Corp broke down this way in fiscal 2025.

  1. Outdoor$176.9M671%down 4% from 2024
  2. Adventure$73.6M629%down 9% from 2024
Business segments by year
Business segments202320242025
Outdoor$204.1M$183.6M$176.9M
Adventure$82.0M$80.7M$73.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue57¢$167.5M
  • Research and development4¢$11.9M
  • Selling, general and admin36¢$105.2M
  • Income tax4¢$10.5M

Out of $250.4M in revenue.6 The company lost money this year.

Financial statements

Revenue789106$250.4M in 2025+9% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $229.4M$229.4M20192020: $224.0M$224.0M2020−2%2021: $266.0M$266.0M2021+19%2022: $315.3M$315.3M2022+19%2023: $286.0M$286.0M2023−9%2024: $264.3M$264.3M2024−8%2025: $250.4M$250.4M2025−5%
Gross profit789106$83.0M in 2025+3% since 2019
0$50.0M$100.0M$150.0M2019: $80.3M$80.3M20192020: $77.8M$77.8M2020−3%2021: $87.9M$87.9M2021+13%2022: $110.0M$110.0M2022+25%2023: $97.5M$97.5M2023−11%2024: $92.6M$92.6M2024−5%2025: $83.0M$83.0M2025−10%
Operating income789106-$59.7M in 2025
-$150.0M-$100.0M-$50.0M0$50.0M2019: $11.4M$11.4M20192020: $3.9M$3.9M2020−66%2021: -$12.7M-$12.7M20212022: -$106.5M-$106.5M2022+738%2023: -$21.1M-$21.1M2023−80%2024: -$70.4M-$70.4M2024+233%2025: -$59.7M-$59.7M2025−15%
Net income789106-$46.6M in 2025
-$75.0M-$50.0M-$25.0M0$25.0M$50.0M2019: $19.0M$19.0M20192020: $5.5M$5.5M2020−71%2021: $26.1M$26.1M2021+371%2022: -$69.8M-$69.8M20222023: -$10.1M-$10.1M2023−85%2024: -$52.3M-$52.3M2024+415%2025: -$46.6M-$46.6M2025−11%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Total sales$250.4M$264.3M$286.0M
Cost of goods sold$167.5M$171.7M$188.5M
Gross profit$83.0M$92.6M$97.5M
Selling, general and administrative$105.2M$111.9M$114.6M
Restructuring charges$967.0K$1.9M$3.2M
Transaction costs$752.0K$576.0K$593.0K
Contingent consideration benefit-$355.0K-$125.0K-$1.6M
Legal costs and regulatory matter expenses$4.7M$3.8M$1.8M
Impairment of goodwill$3.8M$36.3M$0
Impairment of indefinite-lived intangible assets$27.6M$8.5M$0
Total operating expenses$142.7M$163.0M$118.6M
Operating loss-$59.7M-$70.4M-$21.1M
Interest income, net$619.0K$1.5M$67.0K
Other, net$2.0M-$1.7M$961.0K
Total other income (expense), net$2.6M-$206.0K$1.0M
Loss before income tax-$57.1M-$70.6M-$20.1M
Income tax (benefit) expense-$10.5M$17.9M-$4.3M
Loss from continuing operations-$46.6M-$88.4M-$15.8M
Discontinued operations, net of tax$36.1M$5.6M
Net loss-$46.6M-$52.3M-$10.1M
Foreign currency translation adjustment$8.2M-$9.6M$2.4M
Unrealized (loss) gain on hedging activities-$329.0K$517.0K-$134.0K
Other comprehensive income (loss)$7.8M-$9.1M$2.3M
Comprehensive loss-$38.7M-$61.4M-$7.9M
Basic-$1-$2-$0
Diluted-$1-$2-$0
Basic-$1.21-$1.37-$0.27
Diluted-$1.21-$1.37-$0.27
Basic38.4M shares38.3M shares37.5M shares
Diluted38.4M shares38.3M shares37.5M shares

Compare Clarus Corp with another company

Corporate structure

Clarus Corp sits at the top of its group. 24 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Clarus Corp

  • Clarus Corp Salt Lake City, Utah, United States
    • Black Diamond Equipment Wilmington, Delaware, United States
    • BD European Holdings, LLC Subsidiary · Delaware, United States
    • BLACK DIAMOND EQUIPMENT EUROPE GMBH Subsidiary · Innsbruck, Austria
    • Black Diamond Equipment Retail GmbH Subsidiary · Austria
    • Black Diamond Retail – Colorado, LLC Subsidiary · Delaware, United States
    • Black Diamond Retail – Washington, LLC Subsidiary · Delaware, United States
    • Black Diamond Retail – Wyoming, LLC Subsidiary · Delaware, United States
    • Black Diamond Retail, Inc. Subsidiary · Delaware, United States
    • Clarus Adventure Netherlands B.V. Subsidiary · Netherlands
    • Everest/Sapphire Acquisition, LLC Subsidiary · Delaware, United States
    • Maxtrax Australia Pty Ltd. Subsidiary · Australia
    • Maxtrax Australia Trading Pty Ltd. Subsidiary · Australia
    • Maxtrax Australia Trading Unit Trust and its trustee Maxtrax Pty Ltd Subsidiary · Australia
    • Oscar Aluminium Holdings Pty Ltd Subsidiary · Australia
    • Oscar Aluminium Pty Ltd Subsidiary · Australia
    • RHINO RACK AUSTRALIA PTY LIMITED Subsidiary · Sydney, Australia
    • Rhino Rack New Zealand Ltd. (NZ) Subsidiary · New Zealand
    • Rhino-Rack Holdings Pty Ltd Subsidiary · Australia
    • Rhino-Rack USA LLC Subsidiary · Colorado, United States
    • Rhinorack Canada Limited Subsidiary · Canada
    • Roof Rack City (NSW) Pty Ltd Subsidiary · Australia
    • Simpson Aluminium Pty Ltd Subsidiary · Australia
    • Tred Outdoors Pty Ltd Subsidiary · Australia

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Clarus Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$41.9M6 Dec 31, 2025$42.3M6 Dec 31, 2024−0.9%
Accumulated depreciation$23.6M6 Dec 31, 2025$24.7M6 Dec 31, 2024−4.2%
Property and equipment, net$18.3M6 Dec 31, 2025$17.6M6 Dec 31, 2024+3.7%
Operating-lease assets (leased space)$11.5M6 Dec 31, 2025$13.8M6 Dec 31, 2024−17.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$36.7M6 Dec 31, 2025$45.4M6 Dec 31, 2024−19.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.8M6 Dec 31, 2024$39.3M10 Dec 31, 2023−90.3%
Indefinite-lived intangibles (excluding goodwill)$19.6M6 Dec 31, 2025$46.8M6 Dec 31, 2024−58.1%
Trademarks and trade names (indefinite-lived)$19.6M6 Dec 31, 2025$46.8M6 Dec 31, 2024−58.1%
Finite-lived intangibles, gross$77.7M6 Dec 31, 2025$78.0M6 Dec 31, 2024−0.3%
Accumulated amortization$54.0M6 Dec 31, 2025$46.4M6 Dec 31, 2024+16.2%
Finite-lived intangibles, net$23.8M6 Dec 31, 2025$31.5M6 Dec 31, 2024−24.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$83.0M6 Dec 31, 2025$82.3M6 Dec 31, 2024+0.9%
Work in process$338.0K6 Dec 31, 2025$234.0K6 Dec 31, 2024+44.4%
Finished goods$79.6M6 Dec 31, 2025$72.3M6 Dec 31, 2024+10.0%

Properties, in its own words

Our corporate headquarters, as well as our primary research, evaluation and design studios, is located in a facility owned by the Company in Salt Lake City, Utah. In addition, as of December 31, 2025, the Company and its subsidiaries lease or own facilities throughout the U.S., Europe, and Australia. In general, our properties are well maintained, considered adequate and being utilized for their intended purposes.

The following table identifies and provides certain information regarding our principal facilities:

The rest of Item 2

Activity · Location · Owned/Leased

Corporate Headquarters · Salt Lake City, Utah · Owned

Outdoor Segment

Black Diamond U.S. Headquarters and Distribution Facility · Salt Lake City, Utah · Leased

Black Diamond European Sales and Marketing Office · Innsbruck, Austria · Leased

Black Diamond HQ Retail Store · Salt Lake City, Utah · Owned

Black Diamond Jackson Retail Store · Jackson, Wyoming · Leased

Black Diamond Boulder Retail Store · Boulder, Colorado · Leased

Black Diamond Seattle Retail Store · Seattle, Washington · Leased

Adventure Segment

Rhino-Rack Australia Headquarters and Distribution Facility · Sydney, Australia · Leased

Rhino-Rack Australia Perth Distribution Facility · Perth, Australia · Leased

Rhino-Rack U.S. Distribution Facility · Denver, Colorado · Leased

MAXTRAX and TRED Australia Headquarters · Brisbane, Australia · Leased

Item 2 of the 10-K filed Mar 5, 2026.5

Leadership

Who has led Clarus Corp, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (15)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • BD European Holdings, LLC Delaware4
  • Black Diamond Equipment Europe GmbH Austria4
  • Black Diamond Equipment Retail GmbH Austria4
  • Black Diamond Equipment, Ltd. Delaware4
  • Black Diamond Retail – Colorado, LLC Delaware4
  • Black Diamond Retail – Washington, LLC Delaware4
  • Black Diamond Retail – Wyoming, LLC Delaware4
  • Black Diamond Retail, Inc. Delaware4
  • Clarus Adventure Netherlands B.V. Netherlands4
  • Everest/Sapphire Acquisition, LLC Delaware4
  • Maxtrax Australia Pty Ltd. Australia4
  • Maxtrax Australia Trading Pty Ltd. Australia4
  • Maxtrax Australia Trading Unit Trust and its trustee Maxtrax Pty Ltd Australia4
  • Oscar Aluminium Holdings Pty Ltd Australia4
  • Oscar Aluminium Holdings, Inc. Delaware4
  • Oscar Aluminium Pty Ltd Australia4
  • Rhino Rack Australia Pty Ltd Australia4
  • Rhino Rack New Zealand Ltd. (NZ) New Zealand4
  • Rhino-Rack Holdings Pty Ltd Australia4
  • Rhino-Rack USA LLC Colorado4
  • Rhinorack Canada Limited Canada4
  • Roof Rack City (NSW) Pty Ltd Australia4
  • Simpson Aluminium Pty Ltd Australia4
  • Tred Outdoors Pty Ltd Australia4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Black Diamond, Inc.Aug 6, 2010 to Aug 7, 20173
  • SQL FINANCIALS INTERNATIONAL INC /DEJun 26, 1998 to May 1, 19983

Timeline

  1. Aug 6, 20268-K Results of operations35
  2. Jun 1, 20268-K Shareholder vote36
  3. May 7, 20268-K Results of operations37
  4. Mar 5, 20268-K Results of operations38
  5. Nov 6, 20258-K Results of operations39
  6. Jul 31, 20258-K Results of operations40
  7. Jun 2, 20258-K Executive or director change; Shareholder vote; Other events41
  8. May 8, 20258-K Results of operations42
  9. Mar 6, 20258-K Results of operations43
  10. Jan 31, 20258-K Other events44
  11. Dec 9, 20248-K Entered a material agreement; Executive or director change45
  12. Nov 8, 20248-K Results of operations46
  13. Jun 2, 2010New chief executive Peter R. Metcalf becomes CEO14
  14. Nov 20, 1991Founded Clarus Corp is founded2

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.01 a share, on Nov 6, 2025.47

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results35
  2. May 7, 2026Reported quarterly or annual results37
  3. Mar 5, 2026Reported quarterly or annual results38
  4. Nov 6, 2025Reported quarterly or annual results39
  5. Jul 31, 2025Reported quarterly or annual results40
  6. May 8, 2025Reported quarterly or annual results42
  7. Mar 6, 2025Reported quarterly or annual results43
  8. Nov 8, 2024Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

207 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 51 major events, 83 insider forms, 29 large holders, 24 other. The latest 20:

  1. Oct 1, 2026SCHEDULE 13D/A EDGAR
  2. Aug 6, 202610-Q EDGAR
  3. Aug 6, 20268-K EDGAR
  4. Jun 1, 20264 OWNERSHIP DOCUMENT EDGAR
  5. Jun 1, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Jun 1, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Jun 1, 20268-K EDGAR
  8. Jun 1, 20264 OWNERSHIP DOCUMENT EDGAR
  9. May 29, 2026SD EDGAR
  10. May 15, 2026SCHEDULE 13G/A EDGAR
  11. May 7, 202610-Q EDGAR
  12. May 7, 20268-K EDGAR
  13. Apr 24, 2026ARS EDGAR
  14. Apr 24, 2026DEF 14A EDGAR
  15. Apr 17, 2026SCHEDULE 13G/A EDGAR
  16. Mar 11, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Mar 5, 202610-K EDGAR
  18. Mar 5, 20268-K EDGAR
  19. Nov 6, 202510-Q EDGAR
  20. Nov 6, 20258-K EDGAR

The 207 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

36 open-market trades by officers, directors and large owners since October 2021: 18 buys and 18 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 14, 2025YATES MICHAEL JChief Financial OfficerBuy8,800$3.40$29.9KForm 4
Aug 13, 2025YATES MICHAEL JChief Financial OfficerBuy6,200$3.20$19.8KForm 4
Aug 6, 2025KANDERS WARREN BExecutive ChairmanBuy89,000$3.23$287.5KForm 4
Aug 5, 2025SOKOLOW NICOLASDirectorBuy20,000$3.25$65.0KForm 4
Aug 5, 2025KANDERS WARREN BExecutive ChairmanBuy200,000$3.24$648.0KForm 4
Jun 23, 2025KANDERS WARREN BExecutive ChairmanBuy10,394$3.48$36.2KForm 4
Jun 20, 2025KANDERS WARREN BExecutive ChairmanBuy1,005$3.50$3.5KForm 4
Mar 11, 2025SOKOLOW NICOLASDirectorBuy22,000$4.09$90.0KForm 4
Nov 15, 2024HENNING MICHAEL ADirectorSale18,309$4.50$82.4KForm 4
Nov 14, 2024HENNING MICHAEL ADirectorSale7,091$4.42$31.3KForm 4
Nov 13, 2024HENNING MICHAEL ADirectorSale44,600$4.46$198.9KForm 4
Nov 13, 2024SOKOLOW NICOLASDirectorBuy50,000$4.48$224.0KForm 4
Nov 12, 2024SOKOLOW NICOLASDirectorBuy50,000$4.37$218.5KForm 4
Sep 11, 2024KANDERS WARREN BExecutive ChairmanBuy18,400$4.31$79.3KForm 4
Sep 10, 2024KANDERS WARREN BExecutive ChairmanBuy50,000$4.00$200.0KForm 4
Sep 9, 2024KANDERS WARREN BExecutive ChairmanBuy30,000$4.05$121.5KForm 4
Sep 6, 2024KANDERS WARREN BExecutive ChairmanBuy200,000$4.19$838.0KForm 4
Aug 6, 2024SOKOLOW NICOLASDirectorBuy26,500$4.88$129.3KForm 4
May 23, 2023SOKOLOW NICOLASDirectorBuy11,000$8.80$96.8KForm 4
May 22, 2023SOKOLOW NICOLASDirectorBuy12,000$8.82$105.8KForm 4

All 36 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Warren B. KandersExecutive Chairman68$606.9K$1.9M58
2025Michael J. Yates Chief Financial Officer, Secretary and Treasurer60$437.0K$652.1K58
2024Warren B. KandersExecutive Chairman68$604.6K$3.0M58
2024Michael J. Yates Chief Financial Officer, Secretary and Treasurer60$430.2K$1.3M58
2023Warren B. KandersExecutive Chairman68$601.9K$4.7M58
2023Michael J. Yates Chief Financial Officer, Secretary and Treasurer60$400.0K$741.0K58

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 87. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Greenhouse Funds LLLP5,448,431$17.2M0.9%No change
Vanguard Capital Management LLC1,278,203$4.0M0.0%+30,311
Parthenon LLC1,241,662$3.9M0.4%+94,923
Potomac Capital Management, Inc.1,131,000$3.6M2.6%No change
Marshall Wace, Llp688,326$2.2M0.0%+336,024
Clark Estates Inc/ny660,000$2.1M0.5%New
American Century Companies Inc510,475$1.6M0.0%−7,564
Dimensional Fund Advisors LP503,818$1.6M0.0%−115,943
Russell Investments Group, Ltd.476,791$1.5M0.0%−343,482
BlackRock, Inc.461,553$1.5M0.0%−1,309,499
Jane Street Group, LLC398,437$1.3M0.0%+299,170
D. E. Shaw & Co., Inc.376,670$1.2M0.0%+133,224
Geode Capital Management, LLC357,817$1.1M0.0%−413,313
Gamco Investors, Inc. Et Al350,000$1.1M0.0%No change
CastleKnight Management LP315,990$995.4K0.0%No change
Two Sigma Investments, LP222,504$700.9K0.0%+151,182
Citadel Advisors LLC215,805$679.8K0.0%+64,058
Aqr Capital Management LLC212,840$670.4K0.0%+122,739
Peapod Lane Capital LLC210,384$662.7K0.4%−320,487
Vanguard Fiduciary Trust Co196,622$619.4K0.0%−36,051
Bank of New York Mellon Corp176,748$556.8K0.0%−60,789
Goldman Sachs Group Inc169,000$532.4K0.0%−80,337
Susquehanna International Group, Llp168,777$531.6K0.0%+86,391
State Street Corp156,227$492.1K0.0%−447,550
Builder Investment Group Inc /adv139,412$439.1K0.1%+52

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Clarus Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARClarus Corp1
  • CIK0000913277
  • Employer ID (EIN)58-19726005
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)3949 Sporting & Athletic Goods, NEC1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address2084 East 3900 South, Salt Lake City, UT 841241
  • Phone801-278-55521
  • Shares outstanding38,288,155 as of Jul 30, 202612
  • Public float$110.0M as of Jun 30, 20255
  • AuditorDeloitte & Touche LLP, Salt Lake City, Utah PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceFeb 23, 19981
  • Filings998 in all: 4 (261), 8-K (219), 10-Q (85), SC 13G/A (77), SC 13G (32), DEF 14A (28), 10-K (27), DEFA14A (21)1
    All 64 form types

    DFAN14A (20), 3 (18), SC 13D/A (18), SD (13), CORRESP (12), UPLOAD (12), ARS (10), S-8 (10), 8-K/A (9), 10-K/A (8), SC TO-I/A (8), 424B3 (7), 424B2 (6), EFFECT (6), S-3/A (6), 11-K (5), 4/A (5), 424B5 (5), POS AM (5), S-3 (5), SC 13D (5), PRE 14A (4), S-4 (4), PREN14A (3), PRER14A (3), S-1/A (3), S-4/A (3), SC TO-I (3), 8-A12G (2), D (2), SCHEDULE 13D/A (2), SCHEDULE 13G/A (2), 10-K405 (1), 10-Q/A (1), 3/A (1), 424B1 (1), 424B7 (1), 8-A12B (1), 8-A12B/A (1), AW (1), CERTNAS (1), DEFC14A (1), DEFM14A (1), DEFN14A (1), DEFR14A (1), DEFS14A (1), DEL AM (1), NT 10-Q (1), NT 11-K (1), PREC14A (1), PREM14A (1), PRES14A (1), PX14A6G (1), RW (1), S-1 (1), SC TO-C (1)

  • Latest filingsAnnual report (10-K) Mar 5, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 24, 2026
    Latest 8-K (8-K) Aug 6, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $.0001 per shareCLARNASDAQ

From the cover page of the 10-K filed Mar 5, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Clarus Corp names in Item 1A of its 10-K filed Mar 5, 2026: 51 risks under these headings, as written.5

  • Risks Related to Our Industry
  • Many of the products we sell are used for inherently risky outdoor pursuits and have given rise to product liability or product warranty claims and other loss contingencies including, without limitation, recalls and liability claims relating to BDEL’s avalanche beacon transceivers, which could affect our earnings and financial condition.
  • Adverse publicity about the Company and/or its brands and products, including with respect to certain models of avalanche transmitters distributed by BDEL through social media or connection with other media or brand damaging events and/or public perception could negatively impact our business and reputation.
  • From time to time, we have been and may be subject to legal proceedings, regulatory investigations or disputes, and governmental inquiries that could cause us to incur significant expenses, divert our management’s attention, damage our business and reputation as well as have a material adverse effect on the Company’s liquidity, stock price, consolidated financial position, results of operations and/or cash flows.
  • We are subject to risks related to our dependence on the strength of retail economies in various parts of the world, and our performance may be affected by general economic conditions.
  • The occurrence of severe weather events, catastrophic health events, natural or man-made disasters, social and political conditions or civil unrest could significantly damage or destroy demand for our products, as well as key supply chain and fulfillment arrangements.
  • Changes in the retail industry and markets for consumer products affecting our customers or retailing practices could negatively impact existing customer relationships and our results of operations.
  • Seasonality and weather conditions may cause our operating results to vary from quarter to quarter.
  • Our results of operations could be materially harmed if we are unable to accurately forecast demand for our products.
  • Competition in our industries may hinder our ability to execute our business strategy, achieve profitability, or maintain relationships with existing customers.
  • If we fail to adequately protect our intellectual property rights, competitors may manufacture and market products similar to ours, which could adversely affect our market share and results of operations.
  • Our success depends on third-party logistics providers and our and third-party distribution facilities.
The other 40 risks
  • Our international operations expose us to changing global conditions and legal and regulatory requirements, including tariffs, trade restrictions, and anti-corruption and sanctions laws such as the FCPA.
  • If we cannot continue to develop new products in a timely manner, and at favorable margins, we may not be able to compete effectively.
  • Our operating results can be adversely affected by changes in the cost or availability of raw materials.
  • We may not realize returns on our fixed cost investments in our direct-to-consumer business operations.
  • Changes in effective tax rates could adversely affect our results.
  • The conflicts between Russia and Ukraine and the Middle East, and the potential for these and other geopolitical conflicts to expand or intensify, including through the emergence of additional conflicts or heightened tensions in other regions, could have a material adverse effect on our operations, results of operations, financial condition, liquidity and business outlook.
  • Our business, financial condition and results of operations and cash flows, as well as the trading price of our common stock may be negatively impacted by the effects of a disease outbreak, epidemic, pandemic, or similar widespread public health concern, such as travel restrictions or recommendations or mandates from governmental authorities to avoid large gatherings or to self-quarantine, whether as a result of a global pandemic or otherwise.
  • We use foreign suppliers and manufacturing facilities for a significant portion of our raw materials and finished products, and disruptions to international trade, such as disease epidemics or potential “trade wars,” pose a risk to our business operations.
  • Compliance costs related to environmental requirements, including those associated with Per- and Polyfluoroalkyl Substances (PFAS), could negatively impact our financial results.
  • We may incur significant costs in order to comply with environmental remediation obligations.
  • Risks Related to our Business
  • There are significant risks associated with integrating and operating acquired businesses, particularly the most recent acquisitions that comprise our entire Adventure segment.
  • We may require additional capital and funding to meet our financial obligations as well as to support our business operations, including initiatives intended to support our growth, and this additional capital and funding may not be available on favorable terms, if at all.
  • We may incur additional restructuring costs and may not achieve the intended benefits of our restructuring initiatives.
  • Turmoil across various sectors of the financial markets may negatively impact the Company’s business, financial condition, and/or operating results as well as our ability to effectively execute our growth initiatives.
  • Our business is significantly dependent on our ability to meet our labor needs.
  • Reductions in the availability of energy supplies or an increase in energy costs may increase our operating costs.
  • We may not be able to adequately manage our growth.
  • Compliance with changing laws, regulations and standards of corporate governance and public disclosure may result in additional expenses.
  • We could face particular challenges in maintaining our internal control over financial reporting.
  • We may be subject to disruptions, failures or cyber-attacks in our information technology systems and network infrastructures that could disrupt our operations, damage our reputation and adversely affect our business, operations, and financial results.
  • Our use of emerging technologies (including artificial intelligence) and reliance on third-party service providers could expose us to operational, regulatory, intellectual property, and reputational risks.
  • Initiatives to upgrade our business processes and information technology systems to optimize our operational and financial performance involve many risks which could result in, among other things, business interruptions, higher costs and lost profits.
  • We rely on information technology systems, including third-party cloud-based solutions, and any failure of these systems, including, without limitation, due to outages and/or cyberattacks, may result in disruptions or outages, loss of processing capabilities, and/or loss of data, any of which may have a material adverse effect on our business, operations, and financial results.
  • The effects of climate change, together with increased focus by governmental and non-governmental organizations, customers and investors on sustainability issues, including evolving climate and sustainability related disclosure expectations, may adversely affect our business and financial results and damage our reputation.
  • Our Board of Directors and executive officers have significant influence over our affairs.
  • We may be unable to realize the benefits of our net operating losses and tax credit carryforwards.
  • Certain protective measures implemented by us to preserve our NOLs may not be effective or may have some unintended negative effects.
  • The loss of any member of our senior management or certain other key executives could significantly harm our business.
  • Our Board of Directors may change significant corporate policies without stockholder approval.
  • Compensation awards to our management may not be tied to or correspond with our improved financial results or share price.
  • We have been required to recognize impairment charges and may be required to take future write downs or write-offs, restructuring, and impairment or other charges that have had a significant negative effect on our financial condition, results of operations and our stock price, which could cause you to lose some or all of your investment.
  • Risks Related to our Common Stock
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management and limit the trading price of our common stock, which may also have the consequence of depressing the trading price of our common stock.
  • Our payment of future quarterly dividends on our common stock is subject to the discretion and approval of our Board of Directors.
  • The sale of a substantial amount of our common stock in the public market could adversely affect the prevailing market price of our common stock.
  • We may issue a substantial amount of our common stock in the future, which could cause dilution to current investors and otherwise adversely affect our stock price.
  • If securities or industry analysts do not publish or cease publishing research or reports about us, our business, or our market, or if they change their recommendations regarding our securities adversely, the price and trading volume of our securities could decline.
  • Shares of our common stock have been, and may continue to be, thinly traded, which may contribute to volatility in our stock price and less liquidity for investors.
  • Our stock price may be volatile or may decline regardless of our operating performance, resulting in substantial losses for investors.
  • Our Second Amended and Restated By-Laws provide that the Court of Chancery of the State of Delaware will be the exclusive forum for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or employees.
  • Techniques employed by short sellers or other derivative traders may drive down the market price of our common stock and/or spur litigation or regulatory action.

Legal proceedings

Legal Proceedings

The Company is involved in various legal disputes and other legal proceedings that arise from time to time in the ordinary course of business. Based on currently available information, and except as disclosed herein, the Company does not believe that the existence of any of the legal disputes the Company or its subsidiaries is currently involved in will have a material adverse effect upon the Company’s consolidated financial condition, results of operations or cash flows. It is possible that, as additional information becomes available, the impact on the Company of an adverse determination could have a different effect. See also Item 1A. “Risk Factors”.

Litigation

The opening of Item 3, Legal Proceedings.5

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