Filing Flows › Camping World Holdings (CWH) › Q1 2026
Camping World Holdings (CWH) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Camping World Holdings (CWH) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), -4% from a year earlier and +15% from the quarter before. Operating margin was 1.6%, net loss $26.7M (2.0% of revenue).
Camping World Holdings, Q1 2026: revenue $1.4B (-4% year over year), operating margin 1.6%, net loss $26.7M, operating cash flow −$65.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +15% | -4% |
| Operating profit | $22.1M | — | +6% |
| Net earnings | −$26.7M | — | — |
| Operating cash flow | −$65.6M | — | — |
What changed
Revenue was $1.4B in Q1 2026, down 4% year over year and up 15% from the previous quarter. RV and Outdoor Retail was the largest line at 96% of revenue. RV and Outdoor Retail lost $0.06B year over year (down 4%), 104% of the total change.
Operating profit was $0.02B, a 1.6% margin (up 0.2 points year over year). Total costs fell 4% while revenue fell 4%. The quarter ended with a net loss of $0.03B, narrower than the previous quarter's $0.11B loss. Minority interests bore $0.01B of it: to shareholders the quarter was a loss of $0.02B. Net interest and other expense of $0.05B was the main reason.
Operating cash flow was −$0.07B. Non-cash charges added back $0.02B of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $0.07B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was Camping World Holdings' revenue in the first quarter 2026?
Camping World Holdings (CWH) reported revenue of $1.4B for the first quarter 2026 (Q1 2026), -4% from a year earlier and +15% from the quarter before.
Was Camping World Holdings profitable in the first quarter 2026?
Operating profit was $22.1M (1.6% of revenue) and net loss $26.7M.