RUSH ENTERPRISES INC \TX\
For the period ended Mar 31, 2026. Filed May 8, 2026.
View on SEC.govAbout this filing
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 May 8, 2026
RUSHB$58.61-0.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
INDEX
| PART I. FINANCIAL INFORMATION | Page | |
|---|---|---|
| Item 1. | Financial Statements | 3 |
| Consolidated Balance Sheets - March 31, 2026 (unaudited) and December 31, 2025 | 3 | |
| Consolidated Statements of Income - For the Three Months Ended March 31, 2026 and 2025 (unaudited) | 4 | |
| Consolidated Statements of Comprehensive Income - For the Three Months Ended March 31, 2026 and 2025 (unaudited) | 5 | |
| Consolidated Statements of Shareholders’ Equity – For the Three Months Ended March 31, 2026 and 2025 (unaudited) | 6 | |
| Consolidated Statements of Cash Flows - For the Three Months Ended March 31, 2026 and 2025 (unaudited) | 7 | |
| Notes to Consolidated Financial Statements (unaudited) | 8 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 13 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 24 |
| Item 4. | Controls and Procedures | 24 |
| PART II. OTHER INFORMATION | ||
| Item 1. | Legal Proceedings | 24 |
| Item 1A. | Risk Factors | 25 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 25 |
| Item 3. | Defaults Upon Senior Securities | 25 |
| Item 4. | Mine Safety Disclosures | 25 |
| Item 5. | Other Information | 25 |
| Item 6. | Exhibits | 26 |
| SIGNATURES | 27 | |
PART I. FINANCIAL INFORMATION
ITEM 1. Financial Statements.
CONSOLIDATED BALANCE SHEETS
(In Thousands, Except Shares)
| March 31, | December 31, | |
|---|---|---|
| 2026 | 2025 | |
| (unaudited) | ||
| Assets | ||
| Current assets: | ||
| Cash, cash equivalents and restricted cash | $239,654 | $212,645 |
| Accounts receivable, net | 271,399 | 277,784 |
| Note receivable, affiliate | 8,561 | 11,576 |
| Inventories, net | 1,640,077 | 1,534,471 |
| Prepaid expenses and other | 45,396 | 54,662 |
| Total current assets | 2,205,087 | 2,091,138 |
| Property and equipment, net | 1,672,844 | 1,694,738 |
| Operating lease right-of-use assets, net | 119,752 | 124,130 |
| Goodwill, net | 440,777 | 441,615 |
| Other assets, net | 77,595 | 78,915 |
| Total assets | $4,516,055 | $4,430,536 |
| Liabilities and shareholders’ equity | ||
| Current liabilities: | ||
| Floor plan notes payable | $919,157 | $917,955 |
| Current maturities of long-term debt | 125 | 127 |
| Current maturities of finance lease obligations | 32,041 | 34,519 |
| Current maturities of operating lease obligations | 19,912 | 19,285 |
| Trade accounts payable | 320,090 | 230,763 |
| Customer deposits | 86,463 | 112,149 |
| Accrued expenses | 134,795 | 177,292 |
| Total current liabilities | 1,512,583 | 1,492,090 |
| Long-term debt, net of current maturities | 277,650 | 274,798 |
| Finance lease obligations, net of current maturities | 84,122 | 88,149 |
| Operating lease obligations, net of current maturities | 102,751 | 107,698 |
| Other long-term liabilities | 35,371 | 34,225 |
| Deferred income taxes, net | 211,959 | 207,733 |
| Shareholders’ equity: | ||
| Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2026 and 2025 | – | – |
| Common stock, par value $.01 per share; 105,000,000 Class A shares and 35,000,000 Class B shares authorized; 60,855,308 Class A shares and 16,715,210 Class B shares outstanding in 2026; and 60,115,093 Class A shares and 16,437,909 Class B shares outstanding in 2025 | 845 | 835 |
| Additional paid-in capital | 655,196 | 634,266 |
| Treasury stock, at cost: 4,586,791 Class A shares and 2,352,163 Class B shares in 2026; and 4,586,791 Class A shares and 2,352,163 Class B shares in 2025 | (331,150) | (331,150) |
| Retained earnings | 1,950,700 | 1,904,091 |
| Accumulated other comprehensive income (loss) | (6,812) | (4,813) |
| Total Rush Enterprises, Inc. shareholders’ equity | 2,268,779 | 2,203,229 |
| Noncontrolling interest | 22,840 | 22,614 |
| Total shareholders’ equity | 2,291,619 | 2,225,843 |
| Total liabilities and shareholders’ equity | $4,516,055 | $4,430,536 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.