Filing Flows › Sportsman's Warehouse Holdings (SPWH) › Q3 FY26
Sportsman's Warehouse Holdings (SPWH) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 4, 2025
Sportsman's Warehouse Holdings (SPWH) reported revenue of $331M for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and +13% from the quarter before. Operating margin was 1.3%, net earnings $8K (0.0% of revenue).
Sportsman's Warehouse Holdings, Q3 FY26: revenue $331M (+2% year over year), operating margin 1.3%, net earnings $8K, operating cash flow $16.3M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $331M | +13% | +2% |
| Gross profit | $109M | +16% | +5% |
| Operating profit | $4.3M | — | +37% |
| Net earnings | $8K | — | — |
| Operating cash flow | $16.3M | — | — |
| Free cash flow | $8.7M | — | — |
What changed
Revenue was $331.3M in Q3 FY26, up 2% year over year and up 13% from the previous quarter.
Gross margin was 32.8%, up 1.0 points from a year earlier. Operating profit was $4.3M, a 1.3% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 1% margin then. Operating expenses grew 4% against revenue growth of 2%. Net earnings were $8K. The effective tax rate was 96.3%.
Operating cash flow was $16.3M, 203800% of net earnings. Non-cash charges added back $9.6M of depreciation and amortization and $780K of share-based compensation. Working capital and other items added $5.9M. Capital expenditures of $7.6M left free cash flow of $8.7M.
Questions
What was Sportsman's Warehouse Holdings' revenue in the third quarter fiscal 2026?
Sportsman's Warehouse Holdings (SPWH) reported revenue of $331M for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and +13% from the quarter before.
Was Sportsman's Warehouse Holdings profitable in the third quarter fiscal 2026?
Operating profit was $4.3M (1.3% of revenue) and net earnings $8K.