Filing Flows › Rush Enterprises (RUSHA) › Q3 2025
Rush Enterprises (RUSHA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Rush Enterprises (RUSHA) reported revenue of $1.9B for the third quarter 2025 (Q3 2025), -0.8% from a year earlier and -3% from the quarter before. Operating margin was 5.3%, net earnings $67.7M (3.6% of revenue).
Rush Enterprises, Q3 2025: revenue $1.9B (-0.8% year over year), operating margin 5.3%, net earnings $67.7M, operating cash flow $368M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | -3% | -0.8% |
| Gross profit | $375M | -1% | -1% |
| Operating profit | $100M | -9% | -17% |
| Net earnings | $67.7M | -7% | -15% |
| Operating cash flow | $368M | +62% | +229% |
| Free cash flow | $271M | +138% | — |
What changed
Revenue was $1.9B in Q3 2025, down 1% year over year and down 3% from the previous quarter. New and Used Commercial Vehicle was the largest line at 60% of revenue. New and Used Commercial Vehicle lost $0.03B year over year (down 2%), 185% of the total change.
Gross margin was 19.9%, down 0.1 points from a year earlier. Operating profit was $0.10B, a 5.3% margin (down 1.0 points year over year). Operating expenses grew 6% against a revenue fall of 1%. Net earnings were $0.07B, down 16% year over year. The effective tax rate was 22.9%.
Operating cash flow was $0.37B (up 229% year over year), 543% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items added $0.23B. Capital expenditures of $0.10B left free cash flow of $0.27B.
Questions
What was Rush Enterprises' revenue in the third quarter 2025?
Rush Enterprises (RUSHA) reported revenue of $1.9B for the third quarter 2025 (Q3 2025), -0.8% from a year earlier and -3% from the quarter before.
Was Rush Enterprises profitable in the third quarter 2025?
Operating profit was $100M (5.3% of revenue) and net earnings $67.7M.
Source: Rush Enterprises 10-Q on SEC EDGAR.