Custom Truck One Source, Inc. (CTOS) Financial Statements (2026 and earlier)

Company Profile

Business Address 7701 INDEPENDENCE AVENUE
KANSAS CITY, MO 64125
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7359 - Equipment Rental and Leasing, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,2733,80510,30914,36035,9023,412
Cash and cash equivalent6,2733,80510,30914,36035,9023,412
Receivables204,394224,786245,934236,430202,18860,933
Inventory, net of allowances, customer advances and progress billings930,9391,049,304985,794596,724410,54231,367
Inventory930,9391,049,304985,794596,724410,54231,367
Other undisclosed current assets17,00923,55723,86220,7318,0727,530
Total current assets:1,158,6151,301,4521,265,899868,245656,704103,242
Noncurrent Assets
Operating lease, right-of-use asset110,92194,69638,42629,43436,014 
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 36,72536,72537,91634,587 6,269
Long-term investments and receivables      498
Accounts and financing receivable, after allowance for credit loss      498
Intangible asset, including goodwill, after accumulated amortization930,892957,199981,2231,007,9591,023,705305,631
Goodwill705,167704,806704,011703,827695,865238,052
Intangible asset, excluding goodwill, after accumulated amortization225,725252,393277,212304,132327,84067,579
Deferred income tax assets      16,952
Other noncurrent assets11,82216,04623,43026,94424,406 
Other undisclosed noncurrent assets1,192,4791,095,8491,020,903971,043942,937335,812
Total noncurrent assets:2,282,8392,200,5152,101,8982,069,9672,027,062665,162
TOTAL ASSETS:3,441,4543,501,9673,367,7972,938,2122,683,766768,404
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities157,594157,836191,500156,039151,46063,820
Accounts payable88,36688,487117,65387,25591,12331,829
Accrued liabilities69,22869,34973,84768,78460,33731,991
Deferred revenue23,50026,25028,75834,67135,791 
Debt25,8587,8428,2578,73610,3921,280
Deferred rent credit8,9557,4456,5645,2624,987975
Due to related parties✕✕✕✕3626 
Other undisclosed current liabilities657,423801,328662,310430,134237,9275,276
Total current liabilities:873,3301,000,701897,389634,878440,58371,351
Noncurrent Liabilities
Long-term debt and lease obligation1,619,3521,519,8821,487,1361,357,9721,344,888715,858
Long-term debt, excluding current maturities1,619,3521,519,8821,487,1361,354,7661,308,265715,858
Finance lease, liability    3,2065,109 
Liabilities, other than long-term debt139,669120,07566,06956,91939,7857,012
Deferred income tax liabilities33,76031,40133,35529,08615,621 
Other liabilities      7,012
Operating lease, liability105,90988,67432,71424,81831,514 
Derivative instruments and hedges, liabilities    3,01524,164 
Other undisclosed noncurrent liabilities      5,250
Total noncurrent liabilities:1,759,0211,639,9571,553,2051,414,8911,384,673728,120
Total liabilities:2,632,3512,640,6582,450,5942,049,7691,825,256799,471
Equity
Equity, attributable to parent809,103861,309917,203888,443858,510(31,067)
Common stock25252525255
Treasury stock, value(122,602)(88,229)(56,524)(15,537)(3,020) 
Additional paid in capital1,559,8741,550,7851,537,5531,521,4871,508,995434,917
Accumulated other comprehensive loss(10,614)(14,744)(5,978)(8,947)  
Accumulated deficit(617,580)(586,528)(557,873)(608,585)(647,490)(465,989)
Total equity:809,103861,309917,203888,443858,510(31,067)
TOTAL LIABILITIES AND EQUITY:3,441,4543,501,9673,367,7972,938,2122,683,766768,404

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues1,943,9571,802,2801,865,1001,573,0861,167,154302,739
Cost of revenue(1,532,065)(1,412,010)(1,410,840)(1,189,338)(957,141)(226,296)
Cost of product and service sold(215,635)(183,453)(170,664)(171,703)(157,110)(226,296)
Gross profit:411,892390,270454,260383,748210,01376,443
Operating expenses(286,949)(263,907)(283,312)(280,440)(251,980)(59,195)
Operating income (loss):124,943126,363170,948103,308(41,967)17,248
Nonoperating expense(153,073)(155,550)(112,872)(56,576)(135,109)(68,599)
Other nonoperating income (expense)4,54611,55518,44332,330(571)(5,399)
Interest and debt expense (6) (300)(1,189)(1,431)(3,290)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     3,290
Income (loss) from continuing operations before equity method investments, income taxes:(28,136)(29,187)57,77645,543(178,507)(51,351)
Other undisclosed income from continuing operations before income taxes6 3001,1891,431 
Income (loss) from continuing operations before income taxes:(28,130)(29,187)58,07646,732(177,076)(51,351)
Income tax expense (benefit)(2,922)532(7,364)(7,827)(4,425)30,074
Income (loss) from continuing operations:(31,052)(28,655)50,71238,905(181,501)(21,277)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(181,501)(21,277)
Net income (loss) available to common stockholders, diluted:(31,052)(28,655)50,71238,905(181,501)(21,277)

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(31,052)(28,655)50,71238,905(181,501)(21,277)
Comprehensive income (loss):(31,052)(28,655)50,71238,905(181,501)(21,277)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4,130(8,766)2,969(8,947)  
Comprehensive income (loss), net of tax, attributable to parent:(26,922)(37,421)53,68129,958(181,501)(21,277)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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