Sportsman'S Warehouse Holdings (SPWH) Operating Expenses (2013 - 2026)

Sportsman'S Warehouse Holdings' (SPWH) quarterly Operating Expenses came in at $96.2 million in Q1 2026, down 3.74% year-on-year from $100.0 million in Q1 2025, and down 8.21% quarter-over-quarter from $104.8 million in Q4 2025.

Sportsman'S Warehouse Holdings (SPWH) Operating Expenses (2013 - 2026) Analysis & Trends

Sportsman'S Warehouse Holdings' Operating Expenses history runs 14 years deep, the most recent figure standing at $96.2 million for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 3.74% year-over-year to $96.2 million in Q1 2026; TTM through Jan 2026 was $393.7 million, a 1.29% increase from a year earlier, with the FY2026 full-year figure at $487.9 million, up 1.2% from the prior year.
  • Operating Expenses eased to $96.2 million in Q1 2026 per SPWH's latest filing, from $104.8 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $113.4 million in Q1 2022 and bottomed at $94.3 million in Q3 2024.
  • The 5-year median for Operating Expenses is $100.0 million (2025), against an average of $100.4 million.
  • Across the five-year window, Operating Expenses climbed 10.51% in 2022 and declined 7.81% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $102.3 million in 2022, then dropped by 2.16% to $100.1 million in 2023, then retreated by 0.12% to $100.0 million in 2024, then gained by 4.85% to $104.8 million in 2025, then fell by 8.21% to $96.2 million in 2026.
  • Per Business Quant, the three latest SPWH Operating Expenses figures stand at $96.2 million (Q1 2026), $104.8 million (Q4 2025), and $97.3 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Caseys General Stores 32.13 Bn 31.61 Bn 1.08 Bn 730.02 Mn
2 NaaS Technology 30.58 Bn 30.58 Bn - -
3 Williams Sonoma 28.34 Bn 27.33 Bn 1.10 Bn 627.08 Mn
4 Ulta Beauty 23.18 Bn 22.69 Bn 1.48 Bn 1.01 Bn
5 Best Buy 18.52 Bn 16.77 Bn 2.10 Bn 1.73 Bn
6 Dick'S Sporting Goods 16.59 Bn 15.24 Bn 1.77 Bn 1.57 Bn
7 MINISO Group Holding 16.05 Bn 14.98 Bn 414.86 Mn -290.69 Mn
8 Tractor Supply 15.89 Bn 15.66 Bn 1.30 Bn 941.15 Mn
9 Five Below 12.09 Bn 11.16 Bn 696.98 Mn 337.11 Mn
10 Sportsman'S Warehouse Holdings 44.34 Mn 42.68 Mn 95.21 Mn 96.24 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 96.24 Mn
Nov 1, 2025 104.84 Mn
Aug 2, 2025 97.32 Mn
May 3, 2025 95.33 Mn
Feb 1, 2025 99.98 Mn
Nov 2, 2024 99.99 Mn
Aug 3, 2024 94.34 Mn
May 4, 2024 94.41 Mn
Feb 3, 2024 107.30 Mn
Oct 28, 2023 100.11 Mn
Jul 29, 2023 102.33 Mn
Apr 29, 2023 99.00 Mn
Jan 28, 2023 106.75 Mn
Oct 29, 2022 102.32 Mn
Jul 30, 2022 97.02 Mn
Apr 30, 2022 96.09 Mn
Jan 29, 2022 113.42 Mn
Oct 30, 2021 99.97 Mn
Jul 31, 2021 95.87 Mn
May 1, 2021 90.42 Mn