Filing Flows › Custom Truck One Source (CTOS) › Q2 2026
Custom Truck One Source (CTOS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Custom Truck One Source (CTOS) reported revenue of $563M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +22% from the quarter before. Operating margin was 8.3%, net earnings $10.4M (1.8% of revenue).
Custom Truck One Source, Q2 2026: revenue $563M (+10% year over year), operating margin 8.3%, net earnings $10.4M, operating cash flow $44.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $563M | +22% | +10% |
| Gross profit | $124M | +20% | +21% |
| Operating profit | $46.6M | +48% | +67% |
| Net earnings | $10.4M | — | — |
| Operating cash flow | $44.4M | +86% | -65% |
| Free cash flow | $32.9M | +140% | -73% |
What changed
Revenue was $563.4M in Q2 2026, up 10% year over year and up 22% from the previous quarter. Equipment Sales was the largest line at 68% of revenue. Equipment Sales added $27.4M year over year (up 8%), 53% of the total change.
Gross margin was 22.0%, up 2.0 points from Q2 2025. Operating profit was $46.6M, a 8.3% margin (up 2.8 points year over year). Of the extra revenue versus Q2 2025, 36% reached operating profit, above the 5% margin then. Operating expenses grew 4% against revenue growth of 10%. Net earnings were $10.4M. The effective tax rate was -15.9%.
Operating cash flow was $44.4M (down 65% year over year), 427% of net earnings. Non-cash charges added back $68.9M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $38.4M. Capital expenditures of $11.5M left free cash flow of $32.9M.
Questions
What was Custom Truck One Source's revenue in the second quarter 2026?
Custom Truck One Source (CTOS) reported revenue of $563M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +22% from the quarter before.
Was Custom Truck One Source profitable in the second quarter 2026?
Operating profit was $46.6M (8.3% of revenue) and net earnings $10.4M.