Filing Flows › Camping World Holdings (CWH) › Q3 2026
Camping World Holdings (CWH) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Camping World Holdings (CWH) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), -12% from a year earlier and -18% from the quarter before. Operating margin was -17.3%, net loss $320M (20.2% of revenue).
Camping World Holdings, Q3 2026: revenue $1.6B (-12% year over year), operating margin -17.3%, net loss $320M, operating cash flow $155M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | -18% | -12% |
| Operating profit | −$274M | -398% | -446% |
| Net earnings | −$320M | -1292% | — |
| Operating cash flow | $155M | -61% | +11% |
| Free cash flow | $129M | — | +22% |
What changed
Revenue was $1.6B in Q3 2026, down 12% year over year and down 18% from the previous quarter. RV and Outdoor Retail was the largest line at 97% of revenue. RV and Outdoor Retail lost $0.22B year over year (down 13%), 99% of the total change.
Operating costs exceeded revenue by $0.27B, an operating margin of -17.3%. Total costs grew 8% against a revenue fall of 12%. The fastest-growing cost line was Other operating costs (+1094%). The quarter ended with a net loss of $0.32B, after a profit of $0.04B the previous quarter. Minority interests bore $0.12B of it: to shareholders the quarter was a loss of $0.20B.
Operating cash flow was $0.15B (up 11% year over year). Non-cash charges added back $0.03B of depreciation and amortization and $3.6M of share-based compensation. Working capital and other items added $0.44B. Capital expenditures of $0.03B left free cash flow of $0.13B.
Questions
What was Camping World Holdings' revenue in the third quarter 2026?
Camping World Holdings (CWH) reported revenue of $1.6B for the third quarter 2026 (Q3 2026), -12% from a year earlier and -18% from the quarter before.
Was Camping World Holdings profitable in the third quarter 2026?
Operating loss was $274M (-17.3% of revenue) and net loss $320M.