10-Q quarterly report · filed Nov 4, 2025

DOUGLAS DYNAMICS, INC (PLOW) Q3 2025 10-Q Quarterly Report

Short answer

DOUGLAS DYNAMICS, INC (PLOW) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $162M (up 25.3% year over year) with net income of $8M.

Q3 2025 key financials · XBRL

Revenue
$162M
+25.3% YoY · −16.6% QoQ
Net income
$8M
−75.3% YoY · −69.3% QoQ
Operating margin
8.7%
Gross margin
23.5%
EPS (diluted)
$0.33
−76.1% YoY · −69.7% QoQ

Source: XBRL data from the DOUGLAS DYNAMICS, INC (PLOW) Q3 2025 10-Q on SEC EDGAR. USD.

DOUGLAS DYNAMICS, INC Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: Risk of increased materials costs due to enacted or potential tariffs and export restrictions on parts sourced from China and other countries
  • Updated operational risk: Market volatility, labor strikes, inflationary pressures on materials, freight, labor and benefits impacting future quarters profitability
  • Regulatory risk: Impact of OBBBA tax law effective July 4, 2025 affecting tax credits and effective tax rate (23.5% Q3 2025 vs 22.7% Q3 2024)
  • Liquidity risk: Total liquidity $70.1 million at Sept 30, 2025 down from $154.6 million at Dec 31, 2024 due to seasonality and working capital needs
  • Financial risk: Refinancing of term loan and revolving credit facilities on March 26, 2025 triggered $0.2 million debt modification and extinguishment expenses

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

Other DOUGLAS DYNAMICS, INC quarterly reports

Ask about this quarter

Compare quarters, check guidance or see what insiders and funds did around the report.