As of July 13, 2026, Sportsman's Warehouse Holdings, Inc. (SPWH) has a DilutionWatch DilutionScore of 65/100, rated HIGH dilution risk. Sportsman's Warehouse Holdings, Inc. has a market capitalization of $51.42M, 39.02M shares outstanding, 65 institutional holders tracked. Key dilution vectors include approximately 0 months of cash runway.
Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.
📊 Score Breakdown
🔄Convertible Debt—
🌦️ Dilution Forecast
🌥️
Advisory
Moderate dilution signals present
43%
💰 Capital Raise
55%
• Critical: only 0.1 months cash remaining
🔄 Reverse Split
45%
• 50-day avg $1.39 approaching $1 threshold
• Only 0 months cash — financial pressure
📉 Score Deterioration
10%
• Score in HIGH risk zone (65/100)
💹 Market Data
Market Cap$51.42M
Shares Outstanding39.02M
Float33.85M
Cash$2.05M
Debt$44.32M
Short InterestN/A
🏛 Institutional Holdings
QoQ: ↑ 8.2% shares (2026Q1 vs prior)
65 institutional holders · 28.39M shares
#1
FMR LLC
5.77M shares
#2
Union Square Park Capital Management, LLC
4.98M shares
#3
VANGUARD CAPITAL MANAGEMENT LLC
3.09M shares
📉 Short Interest
Short Interest285.6K
Days to Cover1.0
% of Float0.8%
FINRA data as of Jun 30, 2026
📁 Recent SEC Activity
4
INSIDER TRANSACTION
Apr 02, 2026
4
INSIDER TRANSACTION
Mar 27, 2026
4
INSIDER TRANSACTION
Mar 27, 2026
Full SEC filing analysis available with free account
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📰 Recent News
No recent news
📋 What This Means for SPWH Shareholders
Sportsman's Warehouse Holdings, Inc. (SPWH) has a DilutionScore of 65/100, placing it in the High dilution risk tier. This score reflects at least one active dilution mechanism — a shelf registration, ATM program, outstanding warrants, or limited cash runway — that could materially increase the share count over the next 12–18 months. Score as of July 13, 2026, updated from SEC EDGAR data.
Cash runway is a key watch item: SPWH has approximately 0 months of runway at current burn rate. Companies with less than 18 months of runway are statistically more likely to file new shelf registrations or ATM programs within the next two quarters. DilutionWatch monitors SEC 10-Q filings to update this estimate each quarter.
DilutionWatch tracks over 25 SEC filing types for SPWH in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for SPWH alongside comparable high-risk stocks. Not financial advice — this analysis is for informational purposes only.
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