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Hilton Grand Vacations Inc.

For the period ended Dec 31, 2025. Filed Feb 26, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 26, 2026

HGV$45.54+2.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

FORM 10-K TABLE OF CONTENTS

YEAR ENDED DECEMBER 31, 2025

PART I1
Item 1 – Business2
Item 1A – Risk Factors16
Item 1B – Unresolved Staff Comments40
Item 1C – Cybersecurity40
Item 2 – Properties41
Item 3 – Legal Proceedings42
Item 4 – Mine Safety Disclosures42
PART II43
Item 5 – Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities43
Item 6 - [Reserved]44
Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations45
Item 7A – Quantitative and Qualitative Disclosures About Market Risk65
Item 8 – Financial Statements and Supplementary Data66
Item 9 – Changes in and Disagreements with Accountants on Accounting and Financial Disclosure117
Item 9A – Controls and Procedures117
Item 9B – Other Information117
Item 9C – Disclosure Regarding Foreign Jurisdictions that Prevent Inspections117
PART III118
Item 10 – Directors, Executive Officers and Corporate Governance118
Item 11 – Executive Compensation118
Item 12 – Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters118
Item 13 – Certain Relationships and Related Transactions, and Director Independence118
Item 14 – Principal Accountant Fees and Services118
PART IV118
Item 15 – Exhibits and Financial Statement Schedules118
EXHIBIT INDEX119
SIGNATURES127
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.