Flagship explainer

How SPORTSMAN’S WAREHOUSE HOLDINGS, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.2B · 100%Cost of revenue$836M · 69%Gross profit$374M · 31%Operating income−$37.4M · −3%Income before tax−$51.1M · −4%Income tax−$1.1M · −0%Net income−$50.1M · −4%As of 2026-01-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.2B100%
Cost of revenue$836M69%
$374M31%
−$37.4M−3%
Income before tax−$51.1M−4%
Income tax−$1.1M−0%
−$50.1M−4%
Source: · event Jan 31, 2026 · retrieved Oct 17, 2026 · annual-row source set
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