Custom Truck One Source reported Q4 revenue of USD 528.18 million, up 5% year over year, and adjusted EBITDA of USD 120.74 million, up 18%. Q4 net income was USD 20.88 million. The ERS segment posted Q4 revenue of USD 207.12 million, up 20%, driven by higher rental volume and a 5 percentage point increase in fleet utilization to 83.6%. For FY 2025, revenue was USD 1.94 billion, up 8%, while adjusted EBITDA was USD 383.56 million, up 13%. For FY 2026, Custom Truck One Source forecast revenue of USD 2.01 billion to USD 2.12 billion and adjusted EBITDA of USD 410 million to USD 435 million.

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