Custom Truck One Source Q1 Revenue Dips Slightly
Ticker: CTOS · Form: 10-Q · Filed: Apr 30, 2025 · CIK: 1709682
| Field | Detail |
|---|---|
| Company | Custom Truck One Source, INC. (CTOS) |
| Form Type | 10-Q |
| Filed Date | Apr 30, 2025 |
| Risk Level | medium |
| Sentiment | mixed |
Sentiment: mixed
Topics: revenue, rental-revenue, equipment-sales, quarterly-results
TL;DR
CTOS Q1 revenue down slightly to $472.5M, rental up but equipment sales down.
AI Summary
Custom Truck One Source, Inc. reported its first quarter 2025 results for the period ending March 31, 2025. The company's total revenue for the quarter was $472.5 million, a slight decrease from $475.1 million in the first quarter of 2024. Rental revenue increased to $160.1 million from $151.5 million year-over-year, while equipment sales decreased to $240.1 million from $250.4 million.
Why It Matters
This filing provides insight into Custom Truck's financial performance in early 2025, highlighting shifts in revenue streams between rental and equipment sales, which could impact future investment decisions.
Risk Assessment
Risk Level: medium — The slight decrease in overall revenue and significant drop in equipment sales compared to the prior year suggest potential market challenges or operational adjustments.
Key Numbers
- $472.5M — Total Revenue (Q1 2025 revenue, a slight decrease from Q1 2024.)
- $160.1M — Rental Revenue (Q1 2025 rental revenue, showing an increase from Q1 2024.)
- $240.1M — Equipment Sales (Q1 2025 equipment sales, a decrease from Q1 2024.)
Key Players & Entities
- Custom Truck One Source, Inc. (company) — Filer
- 20250331 (date) — Reporting Period End Date
- $472.5 million (dollar_amount) — Total Revenue Q1 2025
- $475.1 million (dollar_amount) — Total Revenue Q1 2024
- $160.1 million (dollar_amount) — Rental Revenue Q1 2025
- $151.5 million (dollar_amount) — Rental Revenue Q1 2024
- $240.1 million (dollar_amount) — Equipment Sales Q1 2025
- $250.4 million (dollar_amount) — Equipment Sales Q1 2024
FAQ
What was Custom Truck One Source's total revenue for the first quarter of 2025?
Custom Truck One Source's total revenue for the first quarter of 2025 was $472.5 million.
How did rental revenue change from Q1 2024 to Q1 2025?
Rental revenue increased from $151.5 million in Q1 2024 to $160.1 million in Q1 2025.
What was the trend in equipment sales between Q1 2024 and Q1 2025?
Equipment sales decreased from $250.4 million in Q1 2024 to $240.1 million in Q1 2025.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What was the previous name of Custom Truck One Source, Inc. before its name change in 2019?
The former name of Custom Truck One Source, Inc. was NESCO HOLDINGS, INC.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on April 30, 2025 regarding Custom Truck One Source, Inc. (CTOS).