Rush Enterprise | 10-Q: FY2025 Q3 Revenue: USD 1.881 B

Revenue: As of FY2025 Q3, the actual value is USD 1.881 B.

EPS: As of FY2025 Q3, the actual value is USD 0.83.

EBIT: As of FY2025 Q3, the actual value is USD 111.75 M.

Truck Segment

Revenue

• For the three months ended September 30, 2025, revenue from external customers was $1,876,793 thousand, compared to $1,891,777 thousand for the same period in 2024.
• For the nine months ended September 30, 2025, revenue from external customers was $5,650,359 thousand, compared to $5,782,579 thousand for the same period in 2024.

Operating Income

• Operating income for the three months ended September 30, 2025 was $100,137 thousand, compared to $120,552 thousand for the same period in 2024.
• Operating income for the nine months ended September 30, 2025 was $301,899 thousand, compared to $355,892 thousand for the same period in 2024.

Net Income

• Net income for the three months ended September 30, 2025 was $67,940 thousand, compared to $79,309 thousand for the same period in 2024.
• Net income for the nine months ended September 30, 2025 was $201,415 thousand, compared to $230,014 thousand for the same period in 2024.

Segment Assets

• Segment assets as of September 30, 2025 were $4,492,954 thousand, compared to $4,494,444 thousand as of September 30, 2024.

All Other Segments

Revenue

• For the three months ended September 30, 2025, revenue from external customers was $3,972 thousand, compared to $4,356 thousand for the same period in 2024.
• For the nine months ended September 30, 2025, revenue from external customers was $11,943 thousand, compared to $12,580 thousand for the same period in 2024.

Operating Income

• Operating loss for the three months ended September 30, 2025 was -$107 thousand, compared to $202 thousand for the same period in 2024.
• Operating income for the nine months ended September 30, 2025 was $206 thousand, compared to -$47 thousand for the same period in 2024.

Net Income

• Net loss for the three months ended September 30, 2025 was -$202 thousand, compared to $111 thousand for the same period in 2024.
• Net loss for the nine months ended September 30, 2025 was -$71 thousand, compared to -$322 thousand for the same period in 2024.

Segment Assets

• Segment assets as of September 30, 2025 were $60,108 thousand, compared to $58,617 thousand as of September 30, 2024.

Cash Flow

Operating Cash Flow

• Net cash provided by operating activities for the nine months ended September 30, 2025 was $748,945 thousand, compared to $227,268 thousand for the same period in 2024.

Investing Cash Flow

• Net cash used in investing activities for the nine months ended September 30, 2025 was -$330,217 thousand, compared to -$305,828 thousand for the same period in 2024.

Financing Cash Flow

• Net cash used in financing activities for the nine months ended September 30, 2025 was -$404,945 thousand, compared to $79,928 thousand provided in the same period in 2024.

Future Outlook and Strategy

Core Business Focus

• The company expects its U.S. market share of new Class 8 truck sales to range between 5.4% and 5.9% in 2025, resulting in the sale of approximately 11,700 to 12,800 new Class 8 trucks.
• For new U.S. Class 4 through 7 retail commercial vehicle sales, the company expects its market share to range between 5.5% and 6.0% in 2025, resulting in the sale of approximately 12,500 to 13,600 new vehicles.

Non-Core Business

• The company expects lease and rental revenue to increase approximately 4.5% during 2025 compared to 2024.
• Aftermarket Products and Services revenues are expected to remain flat to slightly down in the fourth quarter compared to the third quarter of 2025.