Custom Truck One Source, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.9B | $1.8B | $1.9B | $1.6B | $1.2B |
| Cost of revenue | $1.5B | $1.4B | $1.4B | $1.2B | $957.1M |
| Gross profit | $411.9M | $390.3M | $454.3M | $383.7M | $210.0M |
| Selling, general & administrative | $230.1M | $229.5M | $231.4M | $210.9M | $155.8M |
| Operating expenses | $286.9M | $263.9M | $283.3M | $280.4M | $252.0M |
| Operating income | $124.9M | $126.4M | $170.9M | $103.3M | -$42.0M |
| Pretax income | -$28.1M | -$29.2M | $58.1M | $46.7M | -$177.1M |
| Income tax expense | $2.9M | -$532,000 | $7.4M | $7.8M | $4.4M |
| Net income | -$31.1M | -$28.7M | $50.7M | $38.9M | -$181.5M |
| Balance Sheet | |||||
| Cash and equivalents | $6.3M | $3.8M | $10.3M | $14.4M | $35.9M |
| Current assets | $1.2B | $1.3B | $1.3B | $868.2M | $656.7M |
| Total assets | $3.4B | $3.5B | $3.4B | $2.9B | $2.7B |
| Current liabilities | $873.3M | $1.0B | $897.4M | $634.9M | $440.6M |
| Total debt | $1.7B | $1.5B | $1.5B | $1.4B | $1.3B |
| Stockholders' equity | $809.1M | $861.3M | $917.2M | $888.4M | $858.5M |
| Cash Flow Statement | |||||
| Cash from operations | $310.1M | $122.0M | -$30.9M | $46.0M | $138.9M |
| Depreciation and amortization | $263.9M | $235.8M | $219.0M | $223.5M | $209.1M |
| Stock-based compensation | $8.5M | $11.9M | $13.3M | $12.3M | $17.3M |
| Capital expenditure | $1.0M | $564,000 | $2.1M | $68,000 | $0 |
| Free cash flow | $309.1M | $121.4M | -$33.0M | $45.9M | $138.9M |
| Share repurchases | $32.6M | $29.0M | $38.8M | $10.3M | $0 |
| Impairments | — | — | — | — | $0 |
Shares outstanding 227.4M
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.