CTOS reports record Q4 revenue $528M, full-year Adj EBITDA $384M, issues strong FY2026 guidance

Custom Truck One Source, Inc.

Q4 revenue $528.2M (record), up 1.4% YoY; full-year revenue $1,944M, up 7.9%.
Q4 net income $20.9M; full-year net loss $31.1M; Adjusted EBITDA Q4 $120.7M (+18.4%), full-year $383.6M (+12.9%).
Fleet utilization 83.6% (highest in ~3 years); total OEC $1.64B record; inventory down >$100M in Q4.
FY2026 guidance: revenue $2,005-2,120M (3-9% growth), Adj EBITDA $410-435M (7-13% growth).
Net leverage 4.3x; targeting below 4x by end-2026, below 3x in 2027; new 2-segment reporting from Q1 2026.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Custom Truck One Source, Inc. reported fourth quarter ended December 31, 2025 results: revenue $528.2 million, net income $20.9 million.

Period: fourth quarter ended December 31, 2025
Revenue: $528.2 million
Net income: $20.9 million
Result: reported results

Exact text from the filing

• Record fourth quarter revenue of $528.2 million, an increase of $7.4 million or 1.4%, compared to the fourth quarter of 2024 • Record full-year revenue of $1,944.0 million, an increase of 7.9%, compared to 2024 • Quarterly net income of $20.9 million, compared to net income of $27.6 million for the fourth quarter of 2024 • Full-year net loss of $31.1 million compared to a net loss of $28.7 million in 2024

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Custom Truck One Source, Inc. reported fiscal year ended December 31, 2025 results: revenue $1,944.0 million, net income $31.1 million net loss.

Period: fiscal year ended December 31, 2025
Revenue: $1,944.0 million
Net income: $31.1 million net loss
Result: reported results

Exact text from the filing

• Record fourth quarter revenue of $528.2 million, an increase of $7.4 million or 1.4%, compared to the fourth quarter of 2024 • Record full-year revenue of $1,944.0 million, an increase of 7.9%, compared to 2024 • Quarterly net income of $20.9 million, compared to net income of $27.6 million for the fourth quarter of 2024 • Full-year net loss of $31.1 million compared to a net loss of $28.7 million in 2024

View on SEC.gov

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Source: SEC EDGAR

accession 0001709682-26-000006

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