Custom Truck One Source, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 26, 2026, reporting a return to profitability for both the third quarter and the nine-month year-to-date period.

Key Highlights

  • Q3 2026 net income of $2,305 thousand compared to a net loss of $5,756 thousand in Q3 2025, according to the filing.
  • Total Q3 2026 revenue of $495,224 thousand increased from $482,058 thousand in Q3 2025, driven by rental revenue growth from $127,142 thousand to $152,696 thousand.
  • Nine-month net income of $8,602 thousand compared to a net loss of $51,927 thousand for the nine months ended September 30, 2025.
  • Total assets reached $3,596,345 thousand as of September 30, 2026, up from $3,441,454 thousand at December 31, 2025.
  • Operating income for Q3 2026 was $38,079 thousand, compared to $32,629 thousand in Q3 2025.
  • 227,173,348 shares of common stock outstanding as of October 22, 2026, the filing reported.
  • Net cash flow from operating activities for the nine months was $231,660 thousand, compared to $262,804 thousand in the prior-year period.

Custom Truck One Source Reports Revenue Growth and Improved Profitability in Third Quarter 2026

Custom Truck One Source, Inc. (NYSE:CTOS) disclosed in its quarterly report that total revenue for the three months ended September 30, 2026 was $495,224 thousand, up from $482,058 thousand in the same period of 2025. Rental revenue was the primary contributor to that increase, rising to $152,696 thousand from $127,142 thousand year-over-year. Equipment sales revenue declined modestly to $309,597 thousand from $320,583 thousand, while parts sales and services fell to $32,931 thousand from $34,333 thousand, according to the filing.

The company reported Q3 2026 gross profit of $113,280 thousand, up from $100,753 thousand in Q3 2025. Operating expenses for Q3 2026 totaled $75,201 thousand, including transaction expenses and other of $8,471 thousand compared to $3,246 thousand in Q3 2025. Interest expense, net, declined to $37,066 thousand in Q3 2026 from $40,247 thousand in Q3 2025, the filing showed. Basic and diluted earnings per share for Q3 2026 were each $0.01, compared to a loss of $0.03 per share in Q3 2025.

On the balance sheet as of September 30, 2026, the filing reported total stockholders' equity of $821,521 thousand, up from $809,103 thousand at December 31, 2025. Long-term debt, net, stood at $1,652,562 thousand, compared to $1,619,352 thousand at year-end 2025. Inventory grew to $1,015,714 thousand from $930,939 thousand. The accumulated deficit narrowed to $608,978 thousand from $617,580 thousand over the same period. The company noted 227,173,348 shares outstanding and 27,389,807 treasury shares as of September 30, 2026.

What Was Disclosed

Custom Truck One Source filed its Q3 2026 Form 10-Q covering the period ended September 30, 2026, disclosing a return to net income for both the quarter and nine-month year-to-date period, higher rental revenue, expanded gross profit, and balance sheet changes including increased inventory and long-term debt relative to year-end 2025.