---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-098577"
form_type: "8-K"
ticker: "SAIA"
cik: "0001177702"
company_name: "SAIA INC"
filed_at: "2025-07-25T23:59:59+00:00"
generated_at: "2026-05-18T00:50:28.072105+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Saia Q2 2025 EPS $2.67 vs $3.83; operating ratio worsens to 87.8%

## Summary
- Diluted EPS $2.67, down 30% from $3.83 in Q2 2024.
- Revenue $817.1M (-0.7% YoY); operating income $99.4M (-27.8%).
- Operating ratio 87.8% vs 83.3% a year ago.
- LTL shipments per workday -2.8%; tonnage +1.1%; revenue per cwt (ex-fuel) -1.2%.
- Net capex $375.6M in H1 2025; full-year guidance $600-650M.

## SEC filing metadata
- accession: 0000950170-25-098577
- form_type: 8-K
- ticker: SAIA
- cik: 0001177702
- company_name: SAIA INC
- filed_at: 2025-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1177702/000095017025098577/0000950170-25-098577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1177702/000095017025098577/saia-20250725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-098577
- JSON: https://secwatch.observer/filing/0000950170-25-098577.json
- Plain text: https://secwatch.observer/filing/0000950170-25-098577.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.