---
schema_version: "secwatch.filing_event.v1"
accession: "0001709682-22-000095"
form_type: "8-K"
ticker: "CTOS"
cik: "0001709682"
company_name: "Custom Truck One Source, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:04:06.335824+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CTOS Q3 2022: Revenue $357.8M, gross profit +35.1%, net loss narrows to $2.4M

## Summary
- Total revenue $357.8M, flat YoY; gross profit $88.2M, up 35.1% from $65.3M in Q3 2021.
- Net loss narrowed to $2.4M from $20.5M; Adjusted EBITDA $91.6M, up from $84.4M.
- Equipment Rental Solutions rental revenue +6.5%; fleet utilization 83.8% vs 81.4%.
- Sales order backlog $709.2M, over 100% increase YoY despite supply chain constraints.
- Updated FY2022 guidance: revenue $1,505-1,585M, Adj EBITDA $385-395M.

## SEC filing metadata
- accession: 0001709682-22-000095
- form_type: 8-K
- ticker: CTOS
- cik: 0001709682
- company_name: Custom Truck One Source, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1709682/000170968222000095/0001709682-22-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1709682/000170968222000095/ctos-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001709682-22-000095
- JSON: https://secwatch.observer/filing/0001709682-22-000095.json
- Plain text: https://secwatch.observer/filing/0001709682-22-000095.txt

## Key facts
- Earnings Releases
  Custom Truck One Source, Inc. reported the quarter ended September 30, 2022 results: revenue $357.8 million, net income $2.4 million.
  - Period: the quarter ended September 30, 2022
  - Revenue: $357.8 million
  - Net income: $2.4 million
  - Result: reported results
  source text: and rentals of parts, tools and other supplies to our customers, as well as our aftermarket repair service operations. CTOS Third Quarter Highlights • Total quarterly revenue of $357.8 million, with growth in rental revenue of 5.4% compared to third quarter 2021 from continued strong rental demand • Quarterly gross profit improvement of $22.9 million, or 35.1%, to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709682/000170968222000095/0001709682-22-000095-index.htm

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