Every 10-Q that Sportsman's Warehouse Holdings, Inc. (SPWH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SPWH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SPWH filings page.
Sportsman’s Warehouse Holdings, Inc. (SPWH) reported modest top-line growth but continued losses for the quarter and year-to-date ended August 1, 2026. Net sales rose to $295.6 million for the quarter (up 0.6%) and $551.7 million year-to-date (up 1.6%), driven mainly by Hunting and Shooting Sports, especially firearms and ammunition, and supported by e-commerce, which represented about 19–21% of sales.
Quarterly gross profit increased to $96.0 million with gross margin improving to 32.5%, helped by lower freight and a one-time tariff benefit, while selling, general and administrative expenses fell slightly and declined as a percentage of sales. However, the company still posted a quarterly net loss of $4.4 million and a year-to-date net loss of $26.3 million, with year-to-date operating cash flow at $(67.4) million, though less negative than the prior year.
Liquidity relies heavily on asset-based lending: cash was $2.0 million, merchandise inventories were $399.0 million, and borrowings totaled $138.7 million on the revolving credit facility plus a $45.0 million term loan, with about $103.0 million of revolver availability. Management plans no new store openings in fiscal 2026, expects to close approximately five underperforming stores, and is prioritizing technology investments and debt repayment amid macroeconomic and regulatory uncertainties, including potential Oregon firearms restrictions.
Sportsman’s Warehouse Holdings, Inc. reported first-quarter fiscal 2026 results with net sales of $256.1 million and a net loss of $21.8 million, or $0.56 per share. Same store sales rose 2.1%, driven mainly by higher firearms, ammunition and fishing sales, while camping, footwear and apparel declined.
Gross profit was essentially flat at $75.8 million, but gross margin slipped to 29.6% as mix shifted away from higher-margin categories. Selling, general and administrative expenses fell 1.4% to $93.9 million, improving as a share of sales. Adjusted EBITDA was a loss of $8.1 million.
Inventory increased to $387.1 million as the company prepared for key seasons, and it ended the quarter with $2.1 million in cash, $118.9 million outstanding on its $350 million revolving credit facility and a $45 million term loan. Management is prioritizing debt reduction, technology investments and potential closure of about five underperforming stores, with no new store openings planned in fiscal 2026.
Sportsman’s Warehouse (SPWH) files a 10-Q disclosing operations across 146 stores in 32 states and a unified e-commerce platform at www.sportsmans.com, with stores and online reported as one operating segment. The company highlights exposure to regulations affecting firearms and ammunition, regional concentration in the Western U.S., competitive and macroeconomic pressures, and inflationary and labor risks. Liquidity actions include $45,000 of ABL term loans (a $25,000 initial term loan and a $20,000 delayed draw) used to repay the prior Revolving Line of Credit. Revolver interest rates were 5.78% and 5.74% as of August 2, 2025 and February 1, 2025, respectively, with a minimum availability requirement of the greater of $30,000 and 10% of the gross borrowing base. The filing discloses gift card redemption patterns, stock award and ESPP activity, and components of Adjusted EBITDA adjustments.