Filing Flows › Werner Enterprises (WERN) › Q3 2025
Werner Enterprises (WERN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Werner Enterprises (WERN) reported revenue of $771M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +2% from the quarter before. Operating margin was -1.7%, net loss $21.1M (2.7% of revenue).
Werner Enterprises, Q3 2025: revenue $771M (+4% year over year), operating margin -1.7%, net loss $21.1M, operating cash flow $44.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $771M | +2% | +3% |
| Operating profit | −$13.0M | -120% | — |
| Net earnings | −$21.1M | -148% | — |
| Operating cash flow | $44.1M | -4% | -28% |
What changed
Revenue was $771.5M in Q3 2025, up 3% year over year and up 2% from the previous quarter. Truckload Transportation Services was the largest line at 67% of revenue. Werner Logistics added $25.8M year over year (up 12%), 100% of the total change.
Operating costs exceeded revenue by $13.0M, an operating margin of -1.7%. Total costs grew 8% against revenue growth of 3%. The quarter ended with a net loss of $21.1M, after a profit of $43.6M the previous quarter.
Operating cash flow was $44.1M (down 28% year over year). Non-cash charges added back $2.8M of share-based compensation. Working capital and other items added $62.4M. Capital expenditures of $52.7M exceeded it, leaving free cash flow of −$8.6M.
Questions
What was Werner Enterprises' revenue in the third quarter 2025?
Werner Enterprises (WERN) reported revenue of $771M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +2% from the quarter before.
Was Werner Enterprises profitable in the third quarter 2025?
Operating loss was $13.0M (-1.7% of revenue) and net loss $21.1M.
Source: Werner Enterprises 10-Q on SEC EDGAR.