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Saia (SAIA) Q3 2025 earnings results (third quarter 2025)

10-Q filed Oct 30, 2025

Saia (SAIA) reported revenue of $840M for the third quarter 2025 (Q3 2025), -0.3% from a year earlier and +3% from the quarter before. Operating margin was 14.1%, net earnings $86.3M (10.3% of revenue).

Revenue$840M
Year over year-0.3%
Quarter over quarter+3%
Operating margin14.1%
Net earnings$86.3M

Saia, Q3 2025: revenue $840M (-0.3% year over year), operating margin 14.1%, net earnings $86.3M, operating cash flow $178M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$840M+3%-0.3%
Operating profit$119M+19%-5%
Net earnings$86.3M+21%-7%
Operating cash flow$178M+4%-2%
Free cash flow$87.6M——

What changed

Revenue was $839.6M in Q3 2025, roughly flat year over year and up 3% from the previous quarter.

Operating profit was $118.6M, a 14.1% margin (down 0.7 points year over year). Total costs grew 1% against flat revenue. Net earnings were $86.3M, down 7% year over year. The effective tax rate was 24.8%.

Operating cash flow was $177.8M (down 2% year over year), 206% of net earnings. Non-cash charges added back $64.0M of depreciation and amortization. Working capital and other items added $27.5M. Capital expenditures of $90.3M left free cash flow of $87.6M.

Questions

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

Saia (SAIA) reported revenue of $840M for the third quarter 2025 (Q3 2025), -0.3% from a year earlier and +3% from the quarter before.

Was Saia profitable in the third quarter 2025?

Operating profit was $119M (14.1% of revenue) and net earnings $86.3M.

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Source: Saia 10-Q on SEC EDGAR.