Custom Truck One Source, Inc.CTOSEarnings & Financial Report
Custom Truck One Source, Inc. is a leading provider of specialized heavy truck and equipment solutions in North America. It offers custom vehicle manufacturing, equipment sales and rentals, aftermarket parts, and maintenance services, serving core infrastructure, utility, construction, and energy industry segments.
CTOS Q1 FY2026 Key Financial Metrics
Revenue
$422.2M
Gross Profit
$85.5M
Operating Profit
$12.4M
Net Profit
$-17.8M
Gross Margin
20.3%
Operating Margin
2.9%
Net Margin
-4.2%
YoY Growth
-8.5%
EPS
$-0.08
Custom Truck One Source, Inc. Q1 FY2026 Financial Summary
Custom Truck One Source, Inc. reported revenue of $422.2M (down 8.5% YoY) for Q1 FY2026, with a net profit of $-17.8M (down 333.7% YoY) (-4.2% margin). Cost of goods sold was $336.7M, operating expenses totaled $73.1M.
Key Financial Metrics
| Total Revenue | $422.2M |
|---|---|
| Net Profit | $-17.8M |
| Gross Margin | 20.3% |
| Operating Margin | 2.9% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Custom Truck One Source, Inc. Q1 FY2026 revenue of $422.2M breaks down across 3 segments, led by Equipment sales at $273.9M (64.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Equipment sales | $273.9M | 64.9% |
| Rental revenue | $116.3M | 27.5% |
| Parts sales and services | $32.1M | 7.6% |
Custom Truck One Source, Inc. Annual Revenue by Year
Custom Truck One Source, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.4B).
Custom Truck One Source, Inc. Quarterly Revenue & Net Profit History
Custom Truck One Source, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $422.2M | -8.5% | $-17.8M | -4.2% |
| Q4 FY2025 | $387.3M | -2.8% | $20.9M | 5.4% |
| Q3 FY2025 | $359.9M | +6.6% | $-5.8M | -1.6% |
| Q2 FY2025 | $392.2M | +22.3% | $-28.4M | -7.2% |
| Q1 FY2025 | $307.1M | +1.2% | $-17.8M | -5.8% |
| Q4 FY2024 | $398.3M | +1.1% | $27.6M | 6.9% |
| Q3 FY2024 | $337.5M | +10.7% | $-17.4M | -5.2% |
| Q2 FY2024 | $320.6M | +1.6% | $-24.5M | -7.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $320.6M | $337.5M | $398.3M | $307.1M | $392.2M | $359.9M | $387.3M | $422.2M |
| YoY Growth | 1.6% | 10.7% | 1.1% | 1.2% | 22.3% | 6.6% | -2.8% | -8.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.52B | $3.58B | $3.50B | $3.54B | $3.58B | $3.54B | $3.44B | $3.44B |
| Liabilities | $2.67B | $2.74B | $2.64B | $2.73B | $2.79B | $2.76B | $2.63B | $2.63B |
| Equity | $856.7M | $837.5M | $861.3M | $813.4M | $790.1M | $784.7M | $809.1M | $809.1M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $37.8M | $16.5M | $82.1M | $55.6M | $125.7M | $81.5M | $47.3M |