Filing Flows › Camping World Holdings (CWH) › Q1 2025
Camping World Holdings (CWH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Camping World Holdings (CWH) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), +4% from a year earlier and +17% from the quarter before. Operating margin was 1.5%, net loss $24.7M (1.7% of revenue).
Camping World Holdings, Q1 2025: revenue $1.4B (+4% year over year), operating margin 1.5%, net loss $24.7M, operating cash flow −$232M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +17% | +4% |
| Operating profit | $20.8M | — | — |
| Net earnings | −$24.7M | — | — |
| Operating cash flow | −$232M | — | — |
What changed
Revenue was $1.4B in Q1 2025, up 4% year over year and up 17% from the previous quarter. RV and Outdoor Retail was the largest line at 97% of revenue. RV and Outdoor Retail added $0.05B year over year (up 4%), 99% of the total change.
Operating profit was $0.02B, a 1.5% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, above the 0% margin then. Total costs grew 2% against revenue growth of 4%. The quarter ended with a net loss of $0.02B, narrower than the previous quarter's $0.06B loss. Minority interests bore $0.01B of it: to shareholders the quarter was a loss of $0.01B. Net interest and other expense of $0.05B was the main reason.
Operating cash flow was −$0.23B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.24B. Capital expenditures of $0.05B exceeded it, leaving free cash flow of −$0.28B.
Questions
What was Camping World Holdings' revenue in the first quarter 2025?
Camping World Holdings (CWH) reported revenue of $1.4B for the first quarter 2025 (Q1 2025), +4% from a year earlier and +17% from the quarter before.
Was Camping World Holdings profitable in the first quarter 2025?
Operating profit was $20.8M (1.5% of revenue) and net loss $24.7M.