Safety Shot, Inc. Reports 94% Revenue Decline but Achieves $13.4M Net Income in Latest Quarter

Safety Shot, Inc. reported significant financial changes in its latest 10-Q filing for the quarter ending June 30, 2025. The company generated revenues of $44,948 for the three months ended June 30, 2025, a decrease of approximately 94% compared to $710,240 in the same period of the previous year. For the six months ending June 30, 2025, revenues totaled $87,049, down from $880,972 in the prior year. The company reported a net income of $13.4 million for the quarter, a substantial turnaround from a net loss of $8.3 million in the same quarter of 2024. This shift was primarily attributed to a realized gain on the sale of equity investments and a significant unrealized gain from the company's investment in SRM Entertainment, Inc.

The company underwent notable strategic developments, including the acquisition of Yerbaé Brands Corp., which was finalized on June 27, 2025. This acquisition is expected to enhance Safety Shot's product offerings and market presence. The company also launched its Sure Shot Dietary Supplement in December 2023, which is designed to reduce blood alcohol content. The integration of Yerbaé's plant-based energy beverages into Safety Shot's portfolio is anticipated to drive future revenue growth.

Operationally, Safety Shot reported a significant increase in its total assets, which rose to $42.1 million as of June 30, 2025, compared to $7.3 million at the end of 2024. The company’s cash position improved to $466,791 from $348,816, while inventory surged to $840,863 from $233,510, indicating a strategic buildup of products in anticipation of increased sales. The company’s total liabilities also increased to $19 million, up from $9.5 million, largely due to the issuance of convertible notes and increased accounts payable.

The company’s employee headcount and customer engagement metrics were not detailed in the filing, but the management indicated a focus on expanding its market share and enhancing product adoption rates through strategic partnerships and marketing initiatives. The filing also highlighted ongoing challenges, including negative working capital of $3 million, raising concerns about the company's ability to sustain operations without additional financing.

Looking ahead, Safety Shot expressed optimism about its growth trajectory, driven by the integration of Yerbaé and the anticipated success of its product lines. However, the company acknowledged the risks associated with its expansion plans and the need for continued investment to support its operations. The management emphasized the importance of maintaining a strong cash position and managing liabilities effectively to ensure long-term viability.