Hub Group, Inc.
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
HUBG$24.70+2.0%Stored close · as of Nov 9, 2026
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Financial Statements Condensed Consolidated Balance Sheets – June 30, 2025 (unaudited) and December 31, 2024
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share amounts)
| June 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| ASSETS · (unaudited) | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $137,048 | $98,248 |
| Restricted cash | 26,553 | 28,700 |
| Accounts receivable trade, net | 541,554 | 581,516 |
| Accounts receivable other | 11,887 | 10,880 |
| Prepaid taxes | 11,060 | 15,115 |
| Prepaid expenses and other current assets | 17,337 | 33,870 |
| TOTAL CURRENT ASSETS | 745,439 | 768,329 |
| Restricted investments | 20,005 | 21,642 |
| Property and equipment, net | 725,200 | 739,896 |
| Right-of-use assets - operating leases | 219,925 | 233,651 |
| Right-of-use assets - financing leases | 731 | 1,062 |
| Other intangibles, net | 259,300 | 267,357 |
| Goodwill | 804,019 | 814,309 |
| Other non-current assets | 25,432 | 22,097 |
| TOTAL ASSETS | $2,800,051 | $2,868,343 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable trade | $235,295 | $279,982 |
| Accounts payable other | 31,260 | 29,069 |
| Accrued payroll | 26,820 | 32,833 |
| Accrued other | 90,337 | 91,441 |
| Lease liability - operating leases | 44,006 | 45,492 |
| Lease liability - financing leases | 569 | 663 |
| Current portion of long-term debt | 97,641 | 100,001 |
| TOTAL CURRENT LIABILITIES | 525,928 | 579,481 |
| Deferred consideration | 28,356 | 30,639 |
| Long-term debt | 134,279 | 164,361 |
| Other non-current liabilities | 51,551 | 51,004 |
| Lease liability - operating leases | 186,033 | 197,664 |
| Lease liability - financing leases | 96 | 330 |
| Deferred taxes | 147,600 | 152,913 |
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock, $.01 par value; 2,000,000 shares authorized; no shares issued or outstanding in 2025 and 2024. | - | - |
| Common stock | ||
| Class A: $.01 par value; 97,337,700 shares authorized; 72,303,228 shares issued in both 2025 and 2024; 60,641,237 shares outstanding in 2025 and 60,746,745 shares outstanding in 2024 | 723 | 723 |
| Class B: $.01 par value; 662,300 shares authorized; 574,903 shares issued and outstanding in 2025 and 2024. | 6 | 6 |
| Additional paid-in capital | 216,107 | 222,039 |
| Retained earnings | 2,059,244 | 2,022,265 |
| Accumulated other comprehensive gain (loss) | 2,672 | (1,453) |
| Treasury stock; at cost, 11,661,991 shares in 2025 and 11,556,483 shares in 2024 | (603,793) | (598,583) |
| Total Hub Group, Inc. equity | 1,674,959 | 1,644,997 |
| Non-controlling interests | 51,249 | 46,954 |
| TOTAL STOCKHOLDERS' EQUITY | 1,726,208 | 1,691,951 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $2,800,051 | $2,868,343 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
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