Short answer
Custom Truck One Source, Inc. (CTOS) filed its Q3 2025 10-Q quarterly report on Oct 27, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $360M (up 6.6% year over year) with net income of −$6M.
Q3 2025 key financials · XBRL
- Revenue
- $360M
- +6.6% YoY · −8.2% QoQ
- Net income
- −$6M
- +66.9% YoY · +79.7% QoQ
- Operating margin
- 9.1%
- Gross margin
- 28.0%
- EPS (diluted)
- −$0.03
- +62.5% YoY · +75.0% QoQ
Source: XBRL data from the Custom Truck One Source, Inc. (CTOS) Q3 2025 10-Q on SEC EDGAR. USD.
Custom Truck One Source, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $482.1M, up 7.8% YoY from $447.2M, driven by rental and equipment sales
- Gross margin 20.9% vs 20.5% YoY; operating income $32.6M vs $23.0M
- Best segment ERS revenue $169.1M, up 12.1%; APS gross profit $9.1M, up 22.9%
- TES gross profit $41.4M, down 1.2% amid pricing pressure and equipment mix
- Cash $13.1M vs $3.8M at December 31, 2024; ABL borrowings $708.5M vs $582.9M
- Backlog $279.8M, down 29.3% YoY; management cites labor, tariffs, supply-chain and macroeconomic risks
Risk Factors
- No new risk factors; company reported no material changes from December 31, 2024 Form 10-K
- Carried-forward regulatory and legal risks unchanged from the 2024 Form 10-K
- Carried-forward operational and competitive risks unchanged from the 2024 Form 10-K
- Carried-forward liquidity, debt, currency, and concentration risks unchanged from the 2024 Form 10-K
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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