Hub Group reported full-year revenue of $3.7 billion, a 7 percent decline from 2024, reflecting softer freight demand and an identified $77 million understatement of purchased transportation costs and accounts payable in the first nine months of 2025. The Company will restate its Q1–Q3 statements to correct the error, with no impact on total cash balances or operating cash flows. Management emphasizes that improved internal controls will underpin future reporting accuracy.

In the fourth quarter, intermodal volume rose 1 percent year-over-year, supported by flat revenue per load and a 3 percent sequential volume gain. On-time performance improved by 90 basis points, and disciplined operational practices drove record service levels. Full-year operating cash flow reached $194 million, while capital expenditures totaled $45 million, down from the prior year due to reduced fleet spending.

As of December 31, 2025, Hub Group held approximately $140 million in cash and restricted cash against total debt of $229 million, resulting in net debt of $116 million—a $50 million improvement versus year-end 2024. The Company returned $44 million to shareholders through $30 million in dividends and $14 million in share repurchases, with $142 million still available under its buyback authorization.

For fiscal 2026, management projects revenue between $3.65 billion and $3.95 billion and plans $35 million to $45 million in capital spending. The outlook emphasizes intermodal network growth, capacity tightening benefits, and sustained investment in service enhancements. Hub Group intends to maintain its strong liquidity position while pursuing disciplined M&A and continuing to optimize its intermodal and logistics segments.