CTOS Q1 revenue record $461.6M (+9.3% YoY); raises FY 2026 Adjusted EBITDA guidance to $415M-$440M

Custom Truck One Source, Inc.

2026-Q1 EPS reported -$0.02 revenue$461,622,000

Net loss narrowed to $4.1M from $17.8M YoY; Adjusted EBITDA $98.0M, up 33.4%.
SER rental fleet utilization 81.4% (+370bps YoY); average OEC on rent up 11.8%.
STEM equipment sales +4.4% YoY; backlog $411.3M, up ~23% from Q4 2025.
FY 2026 EBITDA guidance raised to $415M-$440M; levered FCF expected >$50M.
Net leverage 4.02x; target below 4x by year-end 2026, below 3x in 2027.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Custom Truck One Source, Inc. reported the three months ended March 31, 2026 results: revenue $461.6 million, net income Net loss of $4.1 million. Guidance raised.

Period: the three months ended March 31, 2026
Revenue: $461.6 million
Net income: Net loss of $4.1 million
Guidance: raised
Result: reported results

Exact text from the filing

infrastructure-related end markets, today reported financial results for the three months ended March 31, 2026. CTOS First-Quarter Highlights • Record first quarter revenue of $461.6 million, an increase of $39.4 million, or 9.3%, compared to the first quarter of 2025 • Increased Average OEC on rent by $141.4 million, or 11.8%, compared to the first quarter of 2025 •

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Source: SEC EDGAR

accession 0001709682-26-000017

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