Filing Flows › Sportsman's Warehouse Holdings (SPWH) › Q4 FY26
Sportsman's Warehouse Holdings (SPWH) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 31, 2026
Sportsman's Warehouse Holdings (SPWH) reported revenue of $335M for the fourth quarter fiscal 2026 (Q4 FY26), -2% from a year earlier and +1% from the quarter before. Operating margin was -5.6%, net loss $21.7M (6.5% of revenue).
Sportsman's Warehouse Holdings, Q4 FY26: revenue $335M (-2% year over year), operating margin -5.6%, net loss $21.7M, operating cash flow $102M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $335M | +1% | -2% |
| Operating profit | −$18.8M | -541% | -623% |
| Net earnings | −$21.7M | -271750% | — |
| Operating cash flow | $102M | +525% | +93% |
| Free cash flow | $98.1M | 11× | +98% |
What changed
Revenue was $334.9M in Q4 FY26, down 2% year over year and up 1% from the previous quarter.
Gross margin was 28.4%, down 2.0 points from Q4 FY25. Operating costs exceeded revenue by $18.8M, an operating margin of -5.6%. Operating expenses grew 14% against a revenue fall of 2%. The quarter ended with a net loss of $21.7M, after a profit of $8K the previous quarter.
Operating cash flow was $101.8M (up 93% year over year). Non-cash charges added back $9.7M of depreciation and amortization and $661K of share-based compensation. Working capital and other items added $113.2M. Capital expenditures of $3.7M left free cash flow of $98.1M.
Questions
What was Sportsman's Warehouse Holdings' revenue in the fourth quarter fiscal 2026?
Sportsman's Warehouse Holdings (SPWH) reported revenue of $335M for the fourth quarter fiscal 2026 (Q4 FY26), -2% from a year earlier and +1% from the quarter before.
Was Sportsman's Warehouse Holdings profitable in the fourth quarter fiscal 2026?
Operating loss was $18.8M (-5.6% of revenue) and net loss $21.7M.