Filing Flows › Rush Enterprises (RUSHA) › Q4 2025
Rush Enterprises (RUSHA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
Rush Enterprises (RUSHA) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), -12% from a year earlier and -6% from the quarter before. Operating margin was 5.2%, net earnings $64.7M (3.7% of revenue).
Rush Enterprises, Q4 2025: revenue $1.8B (-12% year over year), operating margin 5.2%, net earnings $64.7M, operating cash flow $113M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | -6% | -12% |
| Gross profit | $348M | -7% | -6% |
| Operating profit | $91.7M | -8% | -18% |
| Net earnings | $64.7M | -4% | -14% |
| Operating cash flow | $113M | -69% | -71% |
| Free cash flow | $31.9M | -88% | -88% |
What changed
Revenue was $1.8B in Q4 2025, down 12% year over year and down 6% from the previous quarter. New and Used Commercial Vehicle was the largest line at 59% of revenue.
Gross margin was 19.7%, up 1.2 points from a year earlier. Operating profit was $0.09B, a 5.2% margin (down 0.4 points year over year). Operating expenses fell 0% while revenue fell 12%. Net earnings were $0.06B, down 14% year over year. The effective tax rate was 21.4%.
Operating cash flow was $0.11B (down 71% year over year), 175% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $0.02B. Capital expenditures of $0.08B left free cash flow of $0.03B.
Questions
What was Rush Enterprises' revenue in the fourth quarter 2025?
Rush Enterprises (RUSHA) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), -12% from a year earlier and -6% from the quarter before.
Was Rush Enterprises profitable in the fourth quarter 2025?
Operating profit was $91.7M (5.2% of revenue) and net earnings $64.7M.
Source: Rush Enterprises 10-K on SEC EDGAR.