Filing Flows › Heartland Express (HTLD) › Q3 2025
Heartland Express (HTLD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Heartland Express (HTLD) reported revenue of $197M for the third quarter 2025 (Q3 2025), -24% from a year earlier and -7% from the quarter before. Operating margin was -3.7%, net loss $8.3M (4.2% of revenue).
Heartland Express, Q3 2025: revenue $197M (-24% year over year), operating margin -3.7%, net loss $8.3M, operating cash flow $27.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | -7% | -24% |
| Operating profit | −$7.3M | — | — |
| Net earnings | −$8.3M | — | — |
| Operating cash flow | $27.5M | +31% | -23% |
What changed
Revenue was $196.5M in Q3 2025, down 24% year over year and down 7% from the previous quarter.
Operating costs exceeded revenue by $7.3M, an operating margin of -3.7%. Total costs fell 24% while revenue fell 24%. The quarter ended with a net loss of $8.3M, narrower than the previous quarter's $10.9M loss.
Operating cash flow was $27.5M (down 23% year over year). Non-cash charges added back $38.7M of depreciation and amortization and $222K of share-based compensation. Working capital and other items used $3.1M. Capital expenditures of $39.7M exceeded it, leaving free cash flow of −$12.2M.
Questions
What was Heartland Express' revenue in the third quarter 2025?
Heartland Express (HTLD) reported revenue of $197M for the third quarter 2025 (Q3 2025), -24% from a year earlier and -7% from the quarter before.
Was Heartland Express profitable in the third quarter 2025?
Operating loss was $7.3M (-3.7% of revenue) and net loss $8.3M.
Source: Heartland Express 10-Q on SEC EDGAR.