---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-019118"
form_type: "8-K"
ticker: "CWH"
cik: "0001669779"
company_name: "Camping World Holdings, Inc."
filed_at: "2026-02-24T23:59:59+00:00"
generated_at: "2026-05-16T00:49:41.452123+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Camping World Q4 net loss narrows; Adjusted EBITDA up 35% YoY; dividend paused

## Summary
- Full year net loss of $105.6M, largely due to deferred tax asset and TRA liability adjustments.
- Adjusted EBITDA of $242.9M in 2025, up over 35% YoY; net debt leverage improved to 5.7x from 8.1x.
- Q4 same-store sales volume up 4%; combined new/used market share reached 13%.
- Board pauses regular cash dividend program to focus on deleveraging; $50M of debt repaid YTD 2026.
- 2026 guidance: Adjusted EBITDA $275–$325M, with gross margin headwinds expected in first half.

## SEC filing metadata
- accession: 0001104659-26-019118
- form_type: 8-K
- ticker: CWH
- cik: 0001669779
- company_name: Camping World Holdings, Inc.
- filed_at: 2026-02-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1669779/000110465926019118/0001104659-26-019118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1669779/000110465926019118/cwh-20260224x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-019118
- JSON: https://secwatch.observer/filing/0001104659-26-019118.json
- Plain text: https://secwatch.observer/filing/0001104659-26-019118.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.