GrabAGun Digital Holdings Inc. Leases Disclosure
The Company leases certain office and warehouse space under a single long-term, non-cancelable operating lease. This lease includes one or more options to renew the lease term or terminate the lease. The exercise of these options is at the Company’s discretion and is therefore included in the determination of the lease term when it is reasonably certain the Company will exercise such options. At the end of the current lease term, the lease will transition to a month-to-month arrangement. As the Company’s lease does not contain a readily determinable implicit rate, the Company determined the present value of the lease liability using its incremental borrowing rate at the lease commencement date. The Company’s lease is classified as an operating lease.
The Company entered into a short-term lease for office space in November 2025. The lease has an initial term of 8 months and includes a 3-month renewal option, which the Company expects to exercise. Total lease expense under this agreement for the year ended December 31, 2025, was approximately $27 thousand.
As of December 31, 2025, future payments associated with the Company’s operating lease liability were as follows:
Year ending December 31, |
|
Amount |
|
|
2026 |
|
$ |
41 |
|
2027 |
|
|
— |
|
2028 |
|
|
— |
|
2029 |
|
|
— |
|
2030 |
|
|
— |
|
Thereafter |
|
|
— |
|
Total minimum lease payment |
|
$ |
41 |
|
Less: amount representing interest |
|
|
— |
|
Present value of operating lease obligations |
|
$ |
41 |
|
|
|
|
|
|
Operating lease liability, current |
|
$ |
41 |
|
Operating lease liability, non‑current |
|
|
— |
|
Total operating lease liability |
|
$ |
41 |
|
The remaining lease term and discount rate related to the Company’s ROU asset and lease liability for its operating lease were as follows:
|
|
December 31, |
|
|
December 31, |
|
||
Remaining lease term (in years) |
|
|
0.16 |
|
|
|
1.16 |
|
Discount rate |
|
|
6.12 |
% |
|
|
6.12 |
% |
Supplemental information concerning the cash flow impact arising from the Company’s lease recorded in the Company’s consolidated statements of cash flows is detailed in the following table:
|
|
Year ended December 31, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Cash paid for amounts included in the measurement of |
|
$ |
243 |
|
|
$ |
231 |
|
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About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.