revenue $120.2M, net income -$8.6M. Traeger narrows Q2 operating loss 72% on Project Gravity savings; revenue falls 17%

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Operating loss narrowed 72% YoY to $1.7M, but net loss widened 16% to $8.6M — the bottom-line deterioration came from $6.1M in non-operating/other expense (FX, lower swap gains) and $518K tax drag, not operations.

  MD&A: Operating Results verify on EDGAR →
• high

  Project Gravity delivered $58M in annualized run-rate savings from Phase 1/2 actions (workforce reduction, DTC exit, Costco roadshow discontinuation, pellet mill consolidation); additional $6-12M expected from SKU rationalization and pricing actions in FY2027-2028.

  MD&A: Project Gravity verify on EDGAR →
• high

  Company received $16M cash from IEEPA tariff refunds in Q2 2026 following Supreme Court's February 2026 ruling invalidating IEEPA tariffs; $12.4M recorded in cost of revenue, $3.2M in inventory, $0.6M interest in other income.

  MD&A: IEEPA Tariff Refund verify on EDGAR →