Werner Enterprises posted higher revenue but a net loss in Q3 2025 due to a tough freight market and legal costs.

Werner Enterprises reported third-quarter 2025 revenue of $771.5 million, a 3% increase from last year and slightly above analyst estimates, driven by strong Logistics growth. The company posted a net loss of $20.6 million, or $0.34 per share, compared to a $6.6 million net income a year earlier, with adjusted earnings of $0.03 per share below the expected $0.15. Operating margins declined to -1.7% from 2.4%, and adjusted EBITDA fell short of expectations. The results reflect a challenging freight environment, with truckload revenue down and rising costs, though free cash flow improved to $79.4 million. The company also settled a class action lawsuit for $18 million and recorded $3.4 million in legal fees.