GMR Solutions Inc.
For the period ended Mar 31, 2026. Filed Jun 2, 2026.
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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.
Mar 31, 2026 · Filed Jun 2, 2026
GMRS$10.99-2.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations
(Amounts in thousands, except share and per share amounts, unaudited)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended March 31, | ||||||
| · · 2026 · · 2025 | ||||||
| Net revenue | | $1,457,576 | | $1,367,407 | ||
| Operating expenses: | | | | | | |
| Employee wages, benefits and taxes | | | 770,006 | | | 734,758 |
| Maintenance, fuel and other direct expenses | | | 118,620 | | | 111,811 |
| Insurance expense | | | 42,979 | | | 33,652 |
| Other operating expenses | | | 228,094 | | | 215,806 |
| Depreciation and amortization | | | 75,367 | | | 75,127 |
| Impairment of assets held for sale and other investments | | | — | | | 14,100 |
| Acquisition, integration and other charges | | | 3,612 | | | 4,301 |
| Total operating expenses | | | 1,238,678 | | | 1,189,555 |
| Operating income | | | 218,898 | | | 177,852 |
| Interest expense, net | | | 83,174 | | | 113,685 |
| Equity in (earnings) losses of unconsolidated affiliates | | | (463) | | | (2,302) |
| Other (income) loss, net | | | (6,344) | | | (922) |
| Net income (loss) before income taxes | | | 142,531 | | | 67,391 |
| Income tax (benefit) expense | | | 36,195 | | | 29,367 |
| Net income (loss) | | $106,336 | | $38,024 | ||
| | | | | | | |
| Net income (loss) available to common stockholders per share: | | | | | | |
| Basic | | $0.92 | | $(0.03) | ||
| Diluted | | $0.28 | | $(0.03) | ||
| | | | | | | |
| Weighted-average common shares outstanding: | | | | | | |
| Basic | | | 45,836,749 | | | 45,551,279 |
| Diluted | | | 149,275,141 | | | 45,551,279 |
| | | | | | | |
| Comprehensive income (loss): | | | | | | |
| Net income (loss) | | | 106,336 | | | 38,024 |
| Other comprehensive income (loss) | | | | | | |
| Unrealized holding gains (losses) on investments | | | (524) | | | 468 |
| Deferred income tax benefit (expense), net | | | 116 | | | (104) |
| Total other comprehensive income (loss), net of income tax | | | (408) | | | 364 |
| Comprehensive income (loss) | | $105,928 | | $38,388 | ||
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