← Custom Truck One Source, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||
| Current assets: | ||||||||||
| Cash and Cash Equivalents, at Carrying Value | $502k | $468k | $6.3m | $3.4m | $35.9m | $14.4m | $10.3m | $3.8m | $6.3m | |
| Prepaid Expense and Other Assets, Current | $107k | $1k | $5.2m | $7.5m | $13.2m | $25.8m | $23.9m | $23.6m | $17.0m | |
| Cash and cash equivalents | $502k | $468k | $6.3m | $3.4m | $35.9m | $14.4m | $10.3m | $3.8m | $6.3m | |
| Accounts receivable, net | — | $52.6m | $71.3m | $60.9m | $168.4m | $193.1m | $215.1m | $215.9m | $195.5m | |
| Financing receivables, net | — | — | — | $0 | $28.6m | $38.3m | $30.8m | $8.9m | $8.9m | |
| Prepaid expenses and other | $107k | $1k | $5.2m | $7.5m | $13.2m | $25.8m | $23.9m | $23.6m | $17.0m | |
| Inventory, Net | — | $11.4m | $33.0m | $31.4m | $410.5m | $596.7m | $985.8m | $1.0b | $930.9m | |
| Assets, Current | $609k | $470k | $115.8m | $103.2m | $656.7m | $868.2m | $1.3b | $1.3b | $1.2b | |
| Total current assets | $609k | $470k | $115.8m | $103.2m | $656.7m | $868.2m | $1.3b | $1.3b | $1.2b | |
| Property, Plant and Equipment, Net | — | $2.8m | $6.6m | $6.3m | $108.6m | $122.0m | $142.1m | $130.9m | $142.5m | |
| Goodwill | — | — | $238.2m | $238.1m | $695.9m | $703.8m | $704.0m | $704.8m | $705.2m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | $70.6m | $67.6m | $327.8m | $304.1m | $277.2m | $252.4m | $225.7m | |
| Intangible assets, net | — | — | — | $67.6m | $327.8m | $304.1m | $277.2m | $252.4m | $225.7m | |
| Operating Lease, Right-of-Use Asset | — | — | — | — | $36.0m | $29.4m | $38.4m | $94.7m | $110.9m | |
| Other Assets, Noncurrent | — | — | — | — | $24.4m | $26.9m | $23.4m | $16.0m | $11.8m | |
| Other assets | — | — | — | $498k | $24.4m | $26.9m | $23.4m | $16.0m | $11.8m | |
| Additional Financial Items | ||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | $71.3m | $60.9m | $168.4m | $193.1m | $215.1m | $215.9m | $195.5m | |
| Accrued Liabilities, Current | — | $20.4m | $27.6m | $32.0m | $60.3m | $68.8m | $73.8m | $69.3m | $69.2m | |
| Rental equipment, net | — | $320.7m | $383.4m | $335.8m | $834.3m | $883.7m | $916.7m | $1.0b | $1.1b | |
| Operating lease assets | — | — | — | $0 | $36.0m | $29.4m | $38.4m | $94.7m | $110.9m | |
| Floor plan payables - trade | — | — | — | $0 | $72.7m | $136.6m | $253.2m | $330.5m | $291.2m | |
| Floor plan payables - non-trade | — | — | — | $0 | $165.2m | $293.5m | $409.1m | $470.8m | $366.2m | |
| Operating lease liabilities - current | — | $4.8m | $2.3m | $975k | $5.0m | $5.3m | $6.6m | $7.4m | $9.0m | |
| Operating lease liabilities - noncurrent | — | — | — | $0 | $31.5m | $24.8m | $32.7m | $88.7m | $105.9m | |
| Deferred income taxes | — | $11.2m | $12.3m | $0 | $15.6m | $29.1m | $33.4m | $31.4m | $33.8m | |
| Total long-term liabilities | — | $796.9m | $749.7m | $728.1m | $1.4b | $1.4b | $1.6b | $1.6b | $1.8b | |
| Assets | $403.1m | $408.2m | $815.3m | $768.4m | $2.7b | $2.9b | $3.4b | $3.5b | $3.4b | |
| Total Assets | $403.1m | $408.2m | $815.3m | $768.4m | $2.7b | $2.9b | $3.4b | $3.5b | $3.4b | |
| LIABILITIES AND EQUITY | ||||||||||
| Total Liabilities and Stockholders' Equity | $403.1m | $408.2m | $815.3m | $768.4m | $2.7b | $2.9b | $3.4b | $3.5b | $3.4b | |
| Current liabilities: | ||||||||||
| Accounts Payable, Current | $176k | $91k | $41.2m | $31.8m | $91.1m | $87.3m | $117.7m | $88.5m | $88.4m | |
| Operating Lease, Liability, Noncurrent | — | — | — | $0 | $31.5m | $24.8m | $32.7m | $88.7m | $105.9m | |
| Deferred Revenue, Current | — | — | — | $975k | $35.8m | $34.7m | $28.8m | $26.2m | $23.5m | |
| Long-term Debt, Excluding Current Maturities | — | $2.5m | $713.0m | $715.9m | $1.3b | $1.4b | $1.5b | $1.5b | $1.6b | |
| Long-term Debt, Current Maturities | — | $2.5m | $1.3m | $1.3m | $6.4m | $6.9m | $8.3m | $7.8m | $25.9m | |
| Long-term Debt, Excluding Current Maturities | — | — | $713.0m | $715.9m | $1.3b | $1.4b | $1.5b | $1.5b | $1.6b | |
| Current maturities of long-term debt | — | $2.5m | $1.3m | $1.3m | $6.4m | $6.9m | $8.3m | $7.8m | $25.9m | |
| Liabilities, Current | $176k | $91k | $77.8m | $71.4m | $440.6m | $634.9m | $897.4m | $1.0b | $873.3m | |
| Total current liabilities | $176k | $91k | $77.8m | $71.4m | $440.6m | $634.9m | $897.4m | $1.0b | $873.3m | |
| Deferred Income Tax Liabilities, Net | — | — | $12.3m | $0 | $15.6m | $29.1m | $33.4m | $31.4m | $33.8m | |
| Other Liabilities, Noncurrent | — | — | $1.7m | $7.0m | — | — | — | — | — | |
| Long-term debt, net | — | $756.9m | $713.0m | $715.9m | $1.3b | $1.4b | $1.5b | $1.5b | $1.6b | |
| Deferred Tax Liabilities, Net | — | — | $12.3m | — | $15.6m | $29.1m | $33.4m | $31.4m | $33.8m | |
| Liabilities | $14.3m | $14.2m | — | — | — | — | — | — | — | |
| Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount | $383.8m | $389.0m | — | — | — | — | — | — | — | |
| Stockholders’ equity: | ||||||||||
| Common Stock, Value, Issued | $1k | $1k | $5k | $5k | $25k | $25k | $25k | $25k | $25k | |
| Additional Paid in Capital | $5.8m | $602k | $432.6m | $434.9m | $1.5b | $1.5b | $1.5b | $1.6b | $1.6b | |
| Retained Earnings (Accumulated Deficit) | ($777k) | $4.4m | ($444.7m) | ($466.0m) | ($647.5m) | ($608.6m) | ($557.9m) | ($586.5m) | ($617.6m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | ($396k) | $0 | — | $0 | ($8.9m) | ($6.0m) | ($14.7m) | ($10.6m) | |
| Common stock — $0.0001 par value, 500,000,000 shares authorized; 253,312,368 and 251,908,970 shares issued; and 226,625,924 and 233,794,319 shares outstanding, at December 31, 2025 and December 31, 2024, respectively | 1k | 1k | 5k | 5k | 25k | 25k | 25k | 25k | 25k | |
| Treasury stock, at cost — 26,686,444 and 18,114,651 shares at December 31, 2025 and December 31, 2024, respectively | — | — | — | — | ($3.0m) | ($15.5m) | ($56.5m) | ($88.2m) | ($122.6m) | |
| Accumulated other comprehensive loss | — | ($396k) | $0 | — | $0 | ($8.9m) | ($6.0m) | ($14.7m) | ($10.6m) | |
| Accumulated deficit | ($777k) | $4.4m | ($444.7m) | ($466.0m) | ($647.5m) | ($608.6m) | ($557.9m) | ($586.5m) | ($617.6m) | |
| Stockholders' Equity Attributable to Parent | $5.0m | $5.0m | ($12.1m) | ($31.1m) | $858.5m | $888.4m | $917.2m | $861.3m | $809.1m | |
| Total stockholders' equity | $5.0m | $5.0m | ($12.1m) | ($31.1m) | $858.5m | $888.4m | $917.2m | $861.3m | $809.1m | |
| Liabilities and Equity | $403.1m | $408.2m | $815.3m | $768.4m | $2.7b | $2.9b | $3.4b | $3.5b | $3.4b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.