Sportsman's Warehouse Holdings Inc. (SPWH) Stock Falls on Q4 2025 Earnings

Sportsman's Warehouse Holdings Inc. (SPWH) reported fourth-quarter 2025 revenue of $334.9 million, down 1.6% year-over-year, with gross profit of $95.2 million, down 8.1% year-over-year.

Operating loss of -$18.8 million, a 622.7% year-over-year decline.

Net loss attributable to common shareholders of -$21.7 million, down 349.1% year-over-year.

Diluted loss per share of -$0.56 (up 154.6% year-over-year).

Cost of sales totaled $239.6 million, up 1.2% year-over-year.

Cash flow and balance sheet highlights:

Cash from operating activities of $61.2 million, up 16.0% year-over-year.

Purchases of property, plant and equipment of -$1.7 million, down 48.1% year-over-year.

Cash and cash equivalents at quarter end of $1.7 million, down 41.4% year-over-year.

Total liabilities of $574.0 million, down 6.9% year-over-year.

Shares of Sportsman's Warehouse (SPWH) fell 10.6% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Sportsman's Warehouse Holdings Inc. Insider Trading Activity

Sportsman's Warehouse Holdings Inc. insiders have traded $SPWH stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $SPWH stock by insiders over the last 6 months:

PAUL STONE (PRESIDENT AND CEO) has made 2 purchases buying 68,279 shares for an estimated $188,359 and 0 sales.
MICHAEL D TUCCI purchased 50,000 shares for an estimated $140,500
RICHARD D MCBEE purchased 25,000 shares for an estimated $61,750

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Sportsman's Warehouse Holdings Inc. Hedge Fund Activity

We have seen 27 institutional investors add shares of Sportsman's Warehouse Holdings Inc. stock to their portfolio, and 54 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MORGAN STANLEY removed 602,656 shares (-99.2%) from their portfolio in Q4 2025, for an estimated $879,877
UNION SQUARE PARK CAPITAL MANAGEMENT, LLC added 596,658 shares (+33.5%) to their portfolio in Q4 2025, for an estimated $871,120
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 588,575 shares (-48.2%) from their portfolio in Q4 2025, for an estimated $859,319
ARCHON CAPITAL MANAGEMENT LLC added 568,151 shares (+51.6%) to their portfolio in Q4 2025, for an estimated $829,500
PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. added 560,938 shares (+inf%) to their portfolio in Q4 2025, for an estimated $818,969
SOVIERO ASSET MANAGEMENT, LP removed 440,000 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $642,400
MARSHALL WACE, LLP removed 406,327 shares (-37.8%) from their portfolio in Q4 2025, for an estimated $593,237

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Sportsman's Warehouse Holdings Inc. Analyst Ratings

Wall Street analysts have issued reports on $SPWH in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Roth Capital issued a "Buy" rating on 12/05/2025

To track analyst ratings and price targets for Sportsman's Warehouse Holdings Inc., check out Quiver Quantitative's $SPWH forecast page.

Sportsman's Warehouse Holdings Inc. Price Targets

Multiple analysts have issued price targets for $SPWH recently. We have seen 2 analysts offer price targets for $SPWH in the last 6 months, with a median target of $2.125.

Here are some recent targets:

Peter Benedict from Baird set a target price of $2.0 on 12/05/2025
Matt Koranda from Roth Capital set a target price of $2.25 on 12/05/2025