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.
Revenue
$359.9M
Gross Profit
$100.8M
Operating Profit
$32.6M
Net Profit
$-5.8M
Gross Margin
28.0%
Operating Margin
9.1%
Net Margin
-1.6%
YoY Growth
6.6%
EPS
$-0.03
Financial Flow
Custom Truck One Source, Inc. Q3 2025 Financial Summary
Custom Truck One Source, Inc. reported revenue of $359.9M (up 6.6% YoY) for Q3 2025, with a net profit of $-5.8M (up 66.9% YoY) (-1.6% margin). Cost of goods sold was $259.1M, operating expenses totaled $68.1M.
Key Financial Metrics
| Total Revenue | $359.9M |
|---|---|
| Net Profit | $-5.8M |
| Gross Margin | 28.0% |
| Operating Margin | 9.1% |
| Report Period | Q3 2025 |
Revenue Breakdown
Custom Truck One Source, Inc. Q3 2025 revenue of $359.9M breaks down across 6 segments, led by Truck And Equipment Sales Segment at $275.4M (76.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Truck And Equipment Sales Segment | $275.4M | 76.5% |
| Aftermarket Parts And Services Segment | $37.5M | 10.4% |
| Sales And Services Parts And Services | $34.3M | 9.5% |
| Rental Revenue Shipping And Handling | $6.9M | 1.9% |
| Sales And Services | $2.0M | 0.6% |
| Related Party | $1.4M | 0.4% |
Custom Truck One Source, Inc. Revenue by Segment — Quarterly Trend
Custom Truck One Source, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Truck And Equipment Sales Segment and Aftermarket Parts And Services Segment) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Truck And Equipment Sales Segment | — | $275.4M | $303.4M | — |
| Aftermarket Parts And Services Segment | — | $37.5M | $37.6M | — |
| Sales And Services Parts And Services | $32.3M | $34.3M | $34.6M | $32.1M |
| Rental Revenue Shipping And Handling | $6.5M | $6.9M | $6.2M | $6.0M |
| Sales And Services | $5.5M | $2.0M | $4.7M | $4.8M |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.4B |
| 2024 | $1.4B |
| 2023 | $1.3B |
| 2022 | $1.1B |
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 |
|---|---|---|---|---|
| Q4 2025 | $387.3M | -2.8% | $20.9M | 5.4% |
| Q3 2025 | $359.9M | +6.6% | $-5.8M | -1.6% |
| Q2 2025 | $392.2M | +22.3% | $-28.4M | -7.2% |
| Q1 2025 | $307.1M | +1.2% | $-17.8M | -5.8% |
| Q4 2024 | $398.3M | +1.1% | $27.6M | 6.9% |
| Q3 2024 | $337.5M | +10.7% | $-17.4M | -5.2% |
| Q2 2024 | $320.6M | +1.6% | $-24.5M | -7.6% |
| Q1 2024 | $303.5M | -4.2% | $-14.3M | -4.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $303.5M | $320.6M | $337.5M | $398.3M | $307.1M | $392.2M | $359.9M | $387.3M |
| YoY Growth | -4.2% | 1.6% | 10.7% | 1.1% | 1.2% | 22.3% | 6.6% | -2.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.45B | $3.52B | $3.58B | $3.50B | $3.54B | $3.58B | $3.54B | $3.44B |
| Liabilities | $2.55B | $2.67B | $2.74B | $2.64B | $2.73B | $2.79B | $2.76B | $2.63B |
| Equity | $896.7M | $856.7M | $837.5M | $861.3M | $813.4M | $790.1M | $784.7M | $809.1M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-14.4M | $37.8M | $16.5M | $82.1M | $55.6M | $125.7M | $81.5M | $47.3M |