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Saia (SAIA) Q2 2025 earnings results (second quarter 2025)

10-Q filed Jul 25, 2025

Saia (SAIA) reported revenue of $817M for the second quarter 2025 (Q2 2025), -0.7% from a year earlier and +4% from the quarter before. Operating margin was 12.2%, net earnings $71.4M (8.7% of revenue).

Revenue$817M
Year over year-0.7%
Quarter over quarter+4%
Operating margin12.2%
Net earnings$71.4M

Saia, Q2 2025: revenue $817M (-0.7% year over year), operating margin 12.2%, net earnings $71.4M, operating cash flow $171M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$817M+4%-0.7%
Operating profit$99.4M+42%-28%
Net earnings$71.4M+43%-30%
Operating cash flow$171M+57%+31%

What changed

Revenue was $817.1M in Q2 2025, down 1% year over year and up 4% from the previous quarter.

Operating profit was $99.4M, a 12.2% margin (down 4.5 points year over year). Total costs grew 5% against a revenue fall of 1%. Net earnings were $71.4M, down 30% year over year. The effective tax rate was 25.3%.

Operating cash flow was $170.7M (up 31% year over year), 239% of net earnings. Non-cash charges added back $62.5M of depreciation and amortization. Working capital and other items added $36.8M. Capital expenditures of $174.7M exceeded it, leaving free cash flow of −$3.9M.

Questions

What was Saia's revenue in the second quarter 2025?

Saia (SAIA) reported revenue of $817M for the second quarter 2025 (Q2 2025), -0.7% from a year earlier and +4% from the quarter before.

Was Saia profitable in the second quarter 2025?

Operating profit was $99.4M (12.2% of revenue) and net earnings $71.4M.

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Source: Saia 10-Q on SEC EDGAR.