SPORTSMAN'S WAREHOUSE HOLDINGS, INC.

Listed Company

SPWHCIK 0001132105NasdaqAcceleratedSmaller ReportingRetail-Miscellaneous Shopping Goods StoresDelawareFY ends Feb 1

Period

FY 2026

Revenue

$1.21B

Net Income

$-50.06M

Total Assets

$762.58M

Equity

$188.56M

Shares Out

38.80M

Op. Cash Flow

$31.33M

Business

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. is an outdoor sporting goods retailer serving seasoned outdoor veterans, first-time participants and casual enthusiasts. It sells a curated assortment of hunting and shooting products, firearms and ammunition, fishing gear, camping equipment, apparel, footwear, optics and accessories, and provides services such as gunsmithing, fishing-reel winding, licensing, e-commerce, in-store events and educational programs. Its operations are organized into merchandise departments (Hunting & Shooting; Camping; Fishing; Apparel; Footwear; Optics/Electronics) alongside omni-channel, distribution and loyalty/credit programs. The company distributes merchandise through a network of brick-and-mortar stores in multiple U.S. states, a distribution center, and an e-commerce platform offering ship-to-store and pickup options.

Summary from filing dated 2025-04-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net sales	1,209	1,198	1,288	1,400	1,506
Cost of goods sold	836	827	905	939	1,016
Gross profit	374	370	383	460	490
Selling, general, and administrative expenses	393	389	409	402	400
Impairment expense	18	—	—	—	—
(Loss) income from operations	−37	−18	−25	58	91
Other losses	75,000	612,000	0	0	—
Interest expense	14	12	13	4	1
(Loss) income before income taxes	−51	−31	−38	54	144
Income tax (benefit) expense	−1	2	−9	13	36
Net (loss) income	−50	−33	−29	41	108
Basic (per share)	−1.3	−0.87	−0.77	1	2.47
Diluted (per share)	−1.3	−0.87	−0.77	1	2.44
Basic (shares)	38	38	37	40	44
Diluted (shares)	38	38	37	41	45

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	2	3	3	2	57
Accounts receivable, net	4	2	2	2	2
Merchandise inventories	313	342	355	399	387
Prepaid expenses and other	19	19	20	22	22
Total current assets	338	366	380	426	467
Operating lease right of use asset	289	316	309	269	243
Finance lease right of use asset	1	—	—	—	—
Property and equipment, net	133	168	194	163	128
Goodwill	1	1	1	1	1
Definite lived intangibles, net	211,000	267,000	327,000	389,000	264,000
Total assets	763	852	886	859	841
Accounts payable	45	64	56	62	59
Accrued expenses	102	96	84	100	109
Income taxes payable	64,000	194,000	126,000	932,000	10
Operating lease liability, current	54	49	49	45	41
Finance lease liability, current	295,000	0	—	—	—
Revolving line of credit	48	75	126	88	66
Total current liabilities	249	284	315	296	284
Deferred income taxes	0	946,000	0	10	6
Term loan, net	44	24	0	—	—
Operating lease liability, noncurrent	280	307	307	260	236
Finance lease liability, noncurrent	895,000	0	—	—	—
Total long-term liabilities	325	332	307	270	242
Total liabilities	574	616	622	566	526
Common stock, $.01 par value; 100,000 shares authorized; 38,103 and 37,529 shares issued and outstanding, respectively	386,000	380,000	375,000	375,000	439,000
Additional paid-in capital	89	86	82	80	91
Retained earnings	99	149	182	213	223
Total stockholders' equity	189	236	265	293	314
Total liabilities and stockholders' equity	763	852	886	859	841

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net (loss) income	−50	−33	−29	41	108
Depreciation of property and equipment	39	40	39	32	26
Amortization of discount on debt and deferred financing fees	677,000	353,000	154,000	184,000	251,000
Amortization of definite lived intangible	56,000	60,000	62,000	66,000	26,000
Loss on asset dispositions	63,000	612,000	—	—	—
Deferred income taxes	−946,000	1	−10	4	5
Stock-based compensation	3	4	4	5	3
Accounts receivable, net	−2	−290,000	−67,000	−116,000	−1
Lease assets and liabilities	2	−6	9	—	—
Merchandise inventories	29	13	44	−13	−143
Prepaid expenses and other	3	1	2	−46,000	−7
Accounts payable	−20	8	2	−2	−20
Accrued expenses	9	5	−8	−15	−3
Income taxes payable and receivable	−130,000	68,000	−806,000	−9	5
Net cash provided by operating activities	31	34	52	47	−22
Purchase of property and equipment	−22	−15	−80	−64	−53
Proceeds from sale of property and equipment	11,000	76,000	—	—	—
Net cash used in investing activities	−22	−14	−80	−61	−53
Net borrowings on line of credit	−27	−51	39	21	66
Borrowings on term loan	20	25	—	—	—
Increase (decrease) in book overdraft, net	−2	8	−6	4	3
Proceeds from issuance of common stock per employee stock purchase plan	209,000	304,000	796,000	894,000	—
Payment of withholdings on restricted stock units	−353,000	−326,000	−2	−2	−2
Principal on capital leases	−69,000	—	—	—	—
Payments to acquire treasury stock	—	—	−3	−65	—
Payment of deferred financing costs and discount on term loan	−428,000	−1	—	−508,000	—
Net cash (used in) provided by financing activities	−10	−20	28	−41	67
Net change in cash and cash equivalents	−1	−309,000	752,000	−55	−9
Interest, net of amounts capitalized	12	11	12	3	1
Income taxes, net of refunds	−9,000	411,000	2	—	—
Purchases of property and equipment included in accounts payable and accrued expenses	603,000	257,000	334,000	9	4

Filings

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