On this page of Benford's Law Stocks.com we present our study of SPORTSMAN'S WAREHOUSE HOLDINGS, INC. — ticker symbol SPWH. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 4/2/2021 to 12/4/2025 for SPORTSMAN'S WAREHOUSE HOLDINGS, INC. under CIK number 0001132105. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for SPWH, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for SPORTSMAN'S WAREHOUSE HOLDINGS, INC. based on the past SPWH filings our system processed in the past.
Benford Chart for SPWH 10Q Filed 12/4/2025
23.3
22.3
18.1
7.8
5.9
5.4
5.7
6.0
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, SPWH stockholder letter ]
Total numbers found: 579
Recent share count: 38,431,079 (3's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
579
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 6 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for SPWH = 81
81

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 1's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 2's percentage was above the typical coverage universe range.
 • We deducted points upon observing the 3's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 5's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 5's percentage was below the company's typical historical range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 9's percentage was above the typical coverage universe range.
SPWH's Score Vs. Typical Stock
Benford's Law Stocks Indicator
SPWH
Normal score compared to other filers, falling within the middle 50%.
Other Stocks Ranking Near SPWH
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Check our work! We provide our SPORTSMAN'S WAREHOUSE HOLDINGS, INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the SPWH filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 135 numbers that start with the digit 1. Here they are:
14,663
18,802
159,333
167,838
1,496
1,496
115,788
194
137,902
100,000
120,995
149,324
108,719
103,088
104,452
18,563
10,718
162
1,027
158,411
166
1
147
148
1,047
1,047
158,047
120,987
1
1
11
157
157
120,995
182,383
103
1
101
1
158,047
149,324
172
1
120,995
13,779
12
18,671
18,741
11,305
11
18,730
11,250
1,670
1,135
146
1,732
1,017
1,565
1,099
1,263
14,427
10.4
11.7
11.3
12.5
13.0
11.9
100.0
100.0
100.0
100.0
186,166
175,178
1,126
159,333
167,838
17,227
11,397
115,788
17,452
17,226
18,600
18,283
14,620
18,927
153,872
108,719
103,088
127,918
122,197
18
104,452
18,563
10,718
162
1,027
1,136
10
1.0
10.12
10
159
153,262
15,398
13,654
109,746
1.00
1.35
1.60
10
113
113
1,043,274
1,027
162
134
1,047
1,649
1,600
125
12
125
12
125
121
1,354
1.52
1,354
1,700
1,354
1.52
1,058
1,354
147
1,831
We found 129 numbers that start with the digit 2. Here they are:
2,246
2,832
2,410
225
267
206
283,963
24,067
289,916
20,000
209,518
235,704
222,604
221,173
278,311
266,892
296,874
288,727
21,835
214
202
29,356
206
28,329
24,336
243,035
2
2
243,570
208,887
209,518
264,556
296
297
208
209
24,336
24,336
243,570
235,704
2
2,400
2,400
28,329
28,329
209,518
28,329
24,336
29,359
217
2,400
2,654
220
2,970
20,000
25,000
208
296
29,446
2,832
2,246
2,666
260
2,479
2,465
27,645
2,606
2,585
2,766
235,760
232,168
269,949
240,634
28,004
21,929
20,396
276
23,530
23,245
289,916
222,604
221,173
278,311
266,892
23,356
23,244
29,401
2,235
2,989
26
23,273
22,145
296,874
288,727
21,835
214
202
29,356
206
28,329
24,336
25,000
24,067
24,067
25,000
20,000
25,000
2,607
25
20
225
238
206
23.2
21.0
28,329
24,336
2,400
2,149
2.84
2.84
2.84
2.84
205
2.89
245
2.36
2,024
2.54
We found 105 numbers that start with the digit 3. Here they are:
38,481,095
341,958
366,002
306,872
316,499
370,426
307,422
333,923
332,435
38,481
38,103
385
380
331,323
324,261
3,115
3,317
31,700
364
38,457
37,869
38,326
37,729
39,155
37,869
38,326
37,729
37,848
378
364
364
37,957
379
38,413
384
38,481
385
37,529
375
3,438
3,438
37,957
379
38,041
380
353
355
38,481
385
30,491
3,438
3,751
3,999
353
3,141
32
30,872
3,679
320
3,811
329
3,086
31,787
36,600
31,033
327
343,175
343,175
331,323
324,261
30,536
3,955
389
3,115
3,317
31,700
364
3.50
366
352
38
38
351,862
355,522
368,667
357,050
3.5
364
38,457
37,869
38,326
37,729
39,155
37,869
38,326
37,729
3,438
3.09
30
3.09
3.09
3.32
3.12
3.97
3.12
4's 5's 6's
We found 45 numbers that start with the digit 4. Here they are:
423,968
445,941
49,128
44,007
4,267
4,053
457
430
4
4
43
481
42
45
4,725
4,027
428
475
4.0
45.0
429,282
408,472
4,051
4,051
434,313
43,860
42,347
4,738
4,267
457
4,053
45,000
44,007
44,007
45,000
45,000
428
45,000
45,000
45,000
432,164
462
4.01
434
4.18
We found 34 numbers that start with the digit 5. Here they are:
5,064
53,259
596,014
590,343
57
569
501
56,128
55
586
5.7
5.7
5.9
59.7
57.9
57.2
56.2
5.9
5,624
52,114
51,385
5,982
5,926
55,336
55,885
54,047
53,259
596,014
590,343
508
50
50
5.66
5.74
We found 31 numbers that start with the digit 6. Here they are:
63,271
64,041
616,398
65
65
6
6
65
6,975
673
649
63,248
6,075
6.9
6.9
6.1
6.6
69,995
68,808
63,224
69,994
615
63,603
62,985
6.50
698
65
65
685
665
6.12
7's 8's 9's
We found 33 numbers that start with the digit 7. Here they are:
74,654
704,349
75
7,364
74
74
79
780
780
70,495
774
7.0
7.9
7,356
7,737
70,990
7.33
7.61
75,435
70,599
75
7,364
72
76
7,364
74
74
780
728
783
785
7.13
7.31
We found 35 numbers that start with the digit 8. Here they are:
852,102
88,138
86,000
852,102
874,325
857,235
8
84,246
85,144
87,516
8
8
88,138
81,798
85,144
86,000
88,138
82,010
83,426
88,639
822
8.2
8.3
8.1
874,325
857,235
8
88,260
80.2
8
874
874
8.40
8.40
874
We found 32 numbers that start with the digit 9. Here they are:
913,867
95,946
946
913,867
99,973
9,408
97
98
946
9,727
97
9,359
9,013
93
9.0
95,946
90
96
93
91,138
9,619
9,984
99,973
9,408
993
933
993
970,999
985,749
969,226
96.3
9.03
While the above SPWH 10Q Filed 12/4/2025 is interesting in isolation, we have found that it is also useful to take a look at older SPORTSMAN'S WAREHOUSE HOLDINGS, INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 12/4/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical SPWH 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 12/4/2025
23.3
22.3
18.1
7.8
5.9
5.4
5.7
6.0
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 579

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10K Filed 4/2/2025
26.1
16.1
16.8
10.2
7.0
6.7
6.5
6.5
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 697

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 6/5/2024
26.5
14.2
21.1
7.0
7.5
5.6
5.3
7.0
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 65
XBRL? ✓  [ original filing ]
Total numbers found: 374

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 9/7/2023
25.1
17.4
15.7
10.2
12.5
4.3
7.2
2.1
5.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 46
XBRL? ✓  [ original filing ]
Total numbers found: 530

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 12/8/2022
28.1
17.9
11.8
13.9
8.8
7.1
5.1
3.7
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 91
XBRL? ✓  [ original filing ]
Total numbers found: 509

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10K Filed 3/30/2022
23.1
23.8
11.2
12.3
9.2
5.1
5.1
4.8
5.3
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 68
XBRL? ✓  [ original filing ]
Total numbers found: 661

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 6/4/2021
26.6
23.5
9.0
12.7
10.6
5.7
5.4
4.4
2.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 387

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 9/4/2025
26.3
19.4
17.5
8.3
5.8
5.4
7.0
4.4
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL? ✓  [ original filing ]
Total numbers found: 589

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 12/11/2024
25.0
16.4
23.1
5.6
7.7
5.2
7.1
5.2
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL? ✓  [ original filing ]
Total numbers found: 519

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10K Filed 4/4/2024
25.4
17.5
14.5
9.7
9.2
6.7
6.8
5.5
4.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 599

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 5/31/2023
28.2
16.6
15.8
9.7
6.7
7.0
4.6
3.5
8.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 58
XBRL? ✓  [ original filing ]
Total numbers found: 373

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 9/2/2022
25.1
21.6
9.3
14.5
11.7
5.7
3.8
3.8
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 67
XBRL? ✓  [ original filing ]
Total numbers found: 505

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 12/8/2021
24.5
22.7
8.2
16.6
7.8
6.7
4.1
6.3
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 55
XBRL? ✓  [ original filing ]
Total numbers found: 511

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10K Filed 4/2/2021
21.9
24.8
11.3
13.0
8.0
4.8
5.8
5.2
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 62
XBRL? ✓  [ original filing ]
Total numbers found: 690

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 6/4/2025
27.3
21.4
17.3
6.8
7.1
3.9
4.9
6.1
5.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 70
XBRL? ✓  [ original filing ]
Total numbers found: 411

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 9/4/2024
25.4
18.1
20.8
6.6
8.6
5.7
7.1
4.0
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL? ✓  [ original filing ]
Total numbers found: 547

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 12/7/2023
26.0
16.8
18.1
8.6
8.0
6.5
6.7
4.2
5.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 524

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10K Filed 4/13/2023
25.3
21.2
12.3
10.7
9.8
5.8
4.2
4.8
5.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 643

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 6/1/2022
31.1
19.9
8.4
13.4
10.6
6.0
3.0
3.0
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 75
XBRL? ✓  [ original filing ]
Total numbers found: 367

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
10Q Filed 9/8/2021
25.0
22.4
10.0
17.2
5.9
7.8
4.3
5.7
1.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 39
XBRL? ✓  [ original filing ]
Total numbers found: 460

■ = Typical SPWH range from 4/2/2021 to 12/4/2025
JRSH 10Q Filed 2/10/2026:
76
ACM 10Q Filed 2/10/2026:
84
DIOD 10K Filed 2/10/2026:
97
LEGTU 10K Filed 2/10/2026:
0
MXC 10Q Filed 2/10/2026:
87
UPXI 10Q Filed 2/10/2026:
99
EURKU 10Q Filed 2/10/2026:
77
PZG 10Q Filed 2/10/2026:
61
IBIO 10Q Filed 2/10/2026:
90
ARKR 10Q Filed 2/10/2026:
79
ARMK 10Q Filed 2/10/2026:
70
ELMD 10Q Filed 2/10/2026:
81
VREX 10Q Filed 2/10/2026:
92
ESP 10Q Filed 2/10/2026:
76
SNOA 10Q Filed 2/10/2026:
91
UGRO 10Q Filed 2/10/2026:
74
BDL 10Q Filed 2/10/2026:
69
NTST 10K Filed 2/10/2026:
85
AOS 10K Filed 2/10/2026:
79
EXEL 10K Filed 2/10/2026:
95
HCA 10K Filed 2/10/2026:
87
PEGA 10K Filed 2/10/2026:
100
MOH 10K Filed 2/10/2026:
94
PTEN 10K Filed 2/10/2026:
91
PECO 10K Filed 2/10/2026:
98
ARI 10K Filed 2/10/2026:
76
HIW 10K Filed 2/10/2026:
95
SLAB 10K Filed 2/10/2026:
76
KVYO 10K Filed 2/10/2026:
98
UPST 10K Filed 2/10/2026:
81
TCBI 10K Filed 2/10/2026:
82
ADC 10K Filed 2/10/2026:
96
MEDP 10K Filed 2/10/2026:
74
INCY 10K Filed 2/10/2026:
99
CMI 10K Filed 2/10/2026:
99
GPRE 10K Filed 2/10/2026:
80
GNSS 10Q Filed 2/10/2026:
71
WINVU 10Q Filed 2/10/2026:
70
CNX 10K Filed 2/10/2026:
93
MAR 10K Filed 2/10/2026:
99
 

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