Knight-Swift Q3 GAAP EPS falls to $0.05 on $58.0 million in charges; revenue up 2.7%
Knight-Swift reported third quarter 2025 revenue of $1.9 billion, up 2.7% from a year earlier, but GAAP diluted EPS fell to $0.05 from $0.19 after $58.0 million of impairments, a loss contingency and higher claims costs. Adjusted EPS was $0.32 versus $0.34 a year earlier. The company guided fourth quarter 2025 Adjusted EPS to $0.34 to $0.40 and lowered its full-year 2025 net cash capital expenditure range to $475 million to $525 million from $525 million to $575 million.
Key points
- Total revenue was $1.9 billion, up 2.7%; net income attributable to Knight-Swift was $7.9 million versus $30.5 million a year earlier.
- Charges included $34.8 million of impairments, an $11.2 million loss contingency tied to the 2024 exit from the third-party carrier insurance business, and $12.0 million of higher U.S. Xpress claims costs.
- Adjusted EPS was $0.32 for the quarter versus $0.34 a year earlier.
- Fourth quarter 2025 Adjusted EPS guidance is $0.34 to $0.40; full-year net cash capital expenditures are now expected at $475 million to $525 million.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 22, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.