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

Sportsman'S Warehouse Holdings (SPWH) posted quarterly Operating Expenses of $96.2 million for Q1 2026, down 3.74% year-over-year from $100.0 million in Q1 2025, and down 8.21% on a QoQ basis from $104.8 million in Q4 2025.

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

Sportsman'S Warehouse Holdings (SPWH) has reported Operating Expenses for 14 consecutive years, with $96.2 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses fell 3.74% year-over-year to $96.2 million; the TTM figure through Jan 2026 stood at $393.7 million (up 1.29% YoY), while the FY2026 annual figure was $393.7 million, up 1.29% from the prior year.
  • Operating Expenses came in at $96.2 million for Q1 2026 at Sportsman'S Warehouse Holdings, down from $104.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $113.4 million in Q1 2022, with the low at $94.3 million in Q3 2024.
  • Average Operating Expenses over 5 years is $100.4 million, with a median of $100.0 million recorded in 2025.
  • Across the five-year window, Operating Expenses grew 10.51% in 2022 and fell 7.81% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $102.3 million in 2022, then retreated by 2.16% to $100.1 million in 2023, then dropped by 0.12% to $100.0 million in 2024, then grew by 4.85% to $104.8 million in 2025, then slipped by 8.21% to $96.2 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $96.2 million, $104.8 million, and $97.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 NaaS Technology 29.20 Bn 29.20 Bn - -
2 Caseys General Stores 28.94 Bn 28.48 Bn 1.08 Bn 730.02 Mn
3 Williams Sonoma 27.71 Bn 26.69 Bn 1.10 Bn 627.08 Mn
4 Dick'S Sporting Goods 19.10 Bn 17.75 Bn 1.77 Bn 1.57 Bn
5 Tractor Supply 16.98 Bn 16.76 Bn 1.30 Bn 941.15 Mn
6 Best Buy 16.25 Bn 14.50 Bn 2.10 Bn 1.73 Bn
7 Murphy USA 10.35 Bn 10.23 Bn 3.98 Bn 279.80 Mn
8 Five Below 10.07 Bn 9.13 Bn 696.98 Mn 337.11 Mn
9 Winmark 8.93 Bn 8.93 Bn 20.23 Mn 7.87 Mn
10 Sportsman'S Warehouse Holdings 501,799.98 -1.16 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