Filing Flows › Sportsman's Warehouse Holdings (SPWH) › Q1 FY26
Sportsman's Warehouse Holdings (SPWH) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 4, 2025
Sportsman's Warehouse Holdings (SPWH) reported revenue of $249M for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and -27% from the quarter before. Operating margin was -7.9%, net loss $21.3M (8.5% of revenue).
Sportsman's Warehouse Holdings, Q1 FY26: revenue $249M (+2% year over year), operating margin -7.9%, net loss $21.3M, operating cash flow −$60.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $249M | -27% | +2% |
| Operating profit | −$19.6M | -645% | — |
| Net earnings | −$21.3M | — | — |
| Operating cash flow | −$60.2M | -214% | — |
What changed
Revenue was $249.1M in Q1 FY26, up 2% year over year and down 27% from the previous quarter.
Gross margin was 30.4%, up 0.2 points from a year earlier. Operating costs exceeded revenue by $19.6M, an operating margin of -7.9%. Operating expenses grew 1% against revenue growth of 2%. The quarter ended with a net loss of $21.3M, wider than the previous quarter's $8.7M loss.
Operating cash flow was −$60.2M. Non-cash charges added back $9.9M of depreciation and amortization and $793K of share-based compensation. Working capital and other items used $49.6M. Capital expenditures of $3.8M exceeded it, leaving free cash flow of −$64.0M.
Questions
What was Sportsman's Warehouse Holdings' revenue in the first quarter fiscal 2026?
Sportsman's Warehouse Holdings (SPWH) reported revenue of $249M for the first quarter fiscal 2026 (Q1 FY26), +2% from a year earlier and -27% from the quarter before.
Was Sportsman's Warehouse Holdings profitable in the first quarter fiscal 2026?
Operating loss was $19.6M (-7.9% of revenue) and net loss $21.3M.