Sportsman's Warehouse Holdings, Inc. (SPWH) Income Statement
SPWH FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsSPWH revenue and net income
Where SPWH's revenue goes
FY2026Each bar shows an amount and its share of revenue. SPWH kept −4.1% of revenue as net income.
SPWH profit margins
SPWH growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.0% | −4.8% | −3.6% | +5.2% |
| Gross profit | +0.8% | −6.7% | −4.8% | +4.6% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SPWH quarterly EPS vs estimates
Sportsman's Warehouse beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: December 3, 2026 (estimate $0.12).
SPWH income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.21B | $1.20B | $1.29B | $1.40B | $1.51B | $1.45B | $886.4M | $849.1M | $809.7M | $780.0M |
| Cost of revenue | $835.7M | $827.2M | $904.6M | $939.3M | $1.02B | $975.3M | $589.8M | $564.2M | $535.8M | $516.7M |
| Gross profit | $373.5M | $370.5M | $383.4M | $460.2M | $490.3M | $476.5M | $296.6M | $284.9M | $273.9M | $263.2M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $261.7M | $385.0M | $290.2M | $402.2M | $399.7M | $353.7M | $263.2M | $238.3M | $224.1M | $202.7M |
| Total operating expenses | $387.5M | $388.7M | $396.3M | $402.2M | $399.7M | $353.7M | $263.2M | $240.9M | $227.3M | $202.5M |
| Operating income | −$13.9M | −$18.2M | −$12.9M | $58.1M | $90.6M | $122.7M | $33.5M | $44.0M | $46.6M | $60.7M |
| Interest expense | $13.7M | $12.3M | $12.9M | $4.2M | $1.4M | $3.5M | $8.0M | $13.2M | $13.7M | $13.4M |
| Income before taxes | −$51.1M | −$31.1M | −$38.2M | $53.9M | $144.2M | $121.5M | $25.5M | $30.8M | $32.8M | $47.3M |
| Income taxes | −$1.1M | $1.9M | −$9.2M | $13.3M | $35.8M | $30.1M | $5.3M | $7.1M | $15.1M | $17.6M |
| Net income | −$50.1M | −$33.1M | −$29.0M | $40.5M | $108.5M | $91.4M | $20.2M | $23.8M | $17.7M | $29.7M |
| EBITDA | $1.7M | $21.6M | $13.7M | $89.8M | $203.4M | $172.1M | $79.8M | $62.3M | $64.3M | $74.7M |
| EPS (diluted) | −$0.55 | −$0.53 | −$0.64 | $1.08 | $1.72 | $2.23 | $0.47 | $0.61 | $0.50 | $0.71 |
| Gross margin | 30.9% | 30.9% | 29.8% | 32.9% | 32.6% | 32.8% | 33.5% | 33.6% | 33.8% | 33.7% |
| Operating margin | −1.2% | −1.5% | −1.0% | 4.1% | 6.0% | 8.5% | 3.8% | 5.2% | 5.8% | 7.8% |
| Net margin | −4.1% | −2.8% | −2.3% | 2.9% | 7.2% | 6.3% | 2.3% | 2.8% | 2.2% | 3.8% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $295.6M | $256.1M | $334.9M | $331.3M | $293.9M | $249.1M | $340.4M | $324.3M | $288.7M | $244.2M | $370.4M | $340.6M |
| Cost of revenue | $199.6M | $188.9M | $239.6M | $222.6M | $199.9M | $173.5M | $236.8M | $221.2M | $198.7M | $170.5M | $271.0M | $237.4M |
| Gross profit | $96.0M | $67.2M | $95.2M | $108.7M | $93.9M | $75.6M | $103.6M | $103.1M | $90.0M | $73.8M | $99.4M | $103.2M |
| Sales, general & admin | $66.5M | $93.9M | $63.2M | $67.2M | $97.2M | $95.3M | $81.3M | $100.0M | $94.3M | $94.4M | $93.8M | $100.1M |
| Total operating expenses | $97.1M | $84.6M | $95.9M | $100.1M | $97.2M | $95.3M | $96.6M | $100.0M | $94.3M | $94.4M | $107.3M | $100.1M |
| Operating income | −$858,000 | −$17.5M | −$729,000 | $8.6M | −$3.2M | −$19.6M | $7.0M | $3.1M | −$4.3M | −$20.6M | −$7.9M | $3.1M |
| Interest expense | $3.3M | $2.6M | $2.9M | $4.1M | $3.8M | $3.0M | $2.9M | $3.3M | $3.2M | $2.9M | $3.4M | $3.9M |
| Income before taxes | −$4.4M | −$20.8M | −$21.8M | $214,000 | −$7.0M | −$22.6M | $571,000 | −$202,000 | −$8.0M | −$23.5M | −$11.3M | −$872,000 |
| Income taxes | −$11,000 | $1.0M | −$58,000 | $206,000 | $97,000 | −$1.3M | $9.3M | $162,000 | −$2.1M | −$5.5M | −$2.5M | $459,000 |
| Net income | −$4.4M | −$21.8M | −$21.7M | $8,000 | −$7.1M | −$21.3M | −$8.7M | −$364,000 | −$5.9M | −$18.1M | −$8.7M | −$1.3M |
| EBITDA | $7.7M | −$9.5M | −$9.1M | $13.9M | $6.7M | −$9.8M | $13.4M | $13.1M | $5.4M | −$10.2M | $2.7M | $25.6M |
| EPS (diluted) | −$0.08 | −$0.39 | −$0.10 | $0.08 | −$0.12 | −$0.41 | $0.04 | $0.04 | −$0.14 | −$0.47 | −$0.20 | −$0.01 |
| Gross margin | 32.5% | 26.2% | 28.4% | 32.8% | 32.0% | 30.4% | 30.4% | 31.8% | 31.2% | 30.2% | 26.8% | 30.3% |
| Operating margin | −0.3% | −6.8% | −0.2% | 2.6% | −1.1% | −7.9% | 2.1% | 1.0% | −1.5% | −8.4% | −2.1% | 0.9% |
| Net margin | −1.5% | −8.5% | −6.5% | 0.0% | −2.4% | −8.5% | −2.6% | −0.1% | −2.0% | −7.4% | −2.4% | −0.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SPWH's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SPWH financial results
In fiscal year 2026 (ended January 31, 2026), Sportsman's Warehouse reported revenue of $1.2 billion, up 1.0% from the year before. It had a net loss of $50.1 million, a net profit margin of −4.1%. Diluted earnings per share came to −$0.55. Over five years revenue grew at an average rate of −3.6% a year.
See the SPWH stock overview for the latest quote and news, or the SPWH chart for price history and technical indicators.
SPWH income statement FAQ
What is Sportsman's Warehouse's annual revenue?
Sportsman's Warehouse reported total revenue of $1.2 billion for fiscal year 2026, which ended on January 31, 2026. That was up 1.0% from $1.2 billion the previous year.
Is Sportsman's Warehouse profitable?
No. Sportsman's Warehouse reported a net loss of $50.1 million in fiscal 2026, a net profit margin of −4.1%; its operating margin was −1.2%.
What is Sportsman's Warehouse's gross margin?
Sportsman's Warehouse's gross margin was 30.9% in fiscal 2026: for every $100 of revenue, Sportsman's Warehouse kept $31 after the direct cost of its products and services.
How fast is Sportsman's Warehouse growing?
Revenue grew −3.6% a year on average over the last five fiscal years, from $1.5 billion to $1.2 billion.
What are Sportsman's Warehouse's earnings per share?
Sportsman's Warehouse earned $-0.55 per diluted share in fiscal 2026, compared with $-0.53 a year earlier.
When will Sportsman's Warehouse report its next earnings?
Sportsman's Warehouse is expected to report results for the quarter ending October 31, 2026 on December 3, 2026.
When does Sportsman's Warehouse's fiscal year end?
Sportsman's Warehouse's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 31, 2026.