Camping World Holdings, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
CWH$4.67+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Year Ended December 31, | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| Revenue: | | | | | | | | | |
| Good Sam Services and Plans | | $199,751 | | $194,575 | | $193,827 | |||
| RV and Outdoor Retail | | | | | | | | | |
| New vehicles | | | 2,761,149 | | | 2,825,640 | | | 2,576,278 |
| Used vehicles | | | 1,970,224 | | | 1,613,849 | | | 1,979,632 |
| Products, service and other | | | 756,984 | | | 820,111 | | | 870,038 |
| Finance and insurance, net | | | 639,544 | | | 599,718 | | | 562,256 |
| Good Sam Club | | | 41,497 | | | 46,081 | | | 44,516 |
| Subtotal | | | 6,169,398 | | | 5,905,399 | | | 6,032,720 |
| Total revenue | | | 6,369,149 | | | 6,099,974 | | | 6,226,547 |
| Costs applicable to revenue (exclusive of depreciation and amortization shown separately below): | | | | | | | | | |
| Good Sam Services and Plans | | | 84,201 | | | 70,726 | | | 59,391 |
| RV and Outdoor Retail | | | | | | | | | |
| New vehicles | | | 2,396,241 | | | 2,418,169 | | | 2,175,819 |
| Used vehicles | | | 1,605,232 | | | 1,317,152 | | | 1,574,238 |
| Products, service and other | | | 401,598 | | | 463,640 | | | 533,625 |
| Good Sam Club | | | 4,725 | | | 4,791 | | | 4,825 |
| Subtotal | | | 4,407,796 | | | 4,203,752 | | | 4,288,507 |
| Total costs applicable to revenue | | | 4,491,997 | | | 4,274,478 | | | 4,347,898 |
| Operating expenses: | | | | | | | | | |
| Selling, general, and administrative | | | 1,603,222 | | | 1,573,117 | | | 1,538,988 |
| Depreciation and amortization | | | 95,335 | | | 81,190 | | | 68,643 |
| Long-lived asset impairment | | | 1,237 | | | 15,061 | | | 9,269 |
| Gain on lease termination and/or remeasurement | | | (1,996) | | | (2,297) | | | (103) |
| (Gain) loss on sale or disposal of assets | | | (850) | | | 9,855 | | | (5,222) |
| Total operating expenses | | | 1,696,948 | | | 1,676,926 | | | 1,611,575 |
| Income from operations | | | 180,204 | | | 148,570 | | | 267,074 |
| Other expense: | | | | | | | | | |
| Floor plan interest expense | | | (76,786) | | | (95,121) | | | (83,075) |
| Other interest expense, net | | | (121,836) | | | (140,444) | | | (135,270) |
| Tax Receivable Agreement liability adjustment | | | 148,956 | | | — | | | 2,442 |
| Other expense, net | | | (10,379) | | | (3,262) | | | (1,769) |
| Total other expense | | | (60,045) | | | (238,827) | | | (217,672) |
| Income (loss) before income taxes | | | 120,159 | | | (90,257) | | | 49,402 |
| Income tax (expense) benefit | | | (225,797) | | | 11,377 | | | 3,527 |
| Net (loss) income | | | (105,638) | | | (78,880) | | | 52,929 |
| Less: net (loss) income attributable to non-controlling interests | | | 15,839 | | | 40,243 | | | (19,557) |
| Net (loss) income attributable to Camping World Holdings, Inc. | | $(89,799) | | $(38,637) | | $33,372 | |||
| | | | | | | | | | |
| (Loss) earnings per share of Class A common stock: | | | | | | | | | |
| Basic | | $(1.43) | | $(0.80) | | $0.75 | |||
| Diluted | | $(1.43) | | $(0.80) | | $0.57 | |||
| Weighted average shares of Class A common stock outstanding: | | | | | | | | | |
| Basic | | | 62,724 | | | 48,005 | | | 44,626 |
| Diluted | | | 62,724 | | | 48,005 | | | 84,972 |
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