SAIA INC
Business
Saia Inc. is a national less-than-truckload (LTL) transportation carrier providing freight services for shipments between 100 and 10,000 pounds through a network of owned and leased terminals across the 48 contiguous states, Canada and Mexico via interline relationships. The company offers LTL services including time-definite and expedited options, plus value-added services such as brokered truckload, expedited transportation and logistics across North America. Saia operates as an integrated LTL organization with LTL shipments forming the dominant revenue source, supplemented by truckload and logistics services.
Summary from 10-K filed 2026-02-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Operating Revenue | 3,234 | 3,209 | 2,881 | 2,792 | 2,289 | |
| Salaries, wages and employees benefits | 1,580 | 1,488 | 1,301 | 1,170 | 1,064 | |
| Purchased transportation | 235 | 237 | 239 | 316 | 250 | |
| Fuel, operating expenses and supplies | 655 | 629 | 564 | 558 | 382 | |
| Operating taxes and licenses | 84 | 80 | 70 | 64 | 59 | |
| Claims and insurance | 93 | 78 | 68 | 57 | 61 | |
| Depreciation and amortization | 249 | 210 | 179 | 157 | 142 | |
| Operating (gains) losses, net | −12 | 4 | 910,000 | 50,000 | −4 | |
| Total operating expenses | 2,882 | 2,727 | 2,421 | 2,322 | — | |
| Operating Income | 352 | 482 | 460 | 470 | 335 | |
| Interest expense | 16 | 9 | 3 | 3 | — | |
| Interest income | −151,000 | −1 | −6 | −217,000 | −11,000 | |
| Other, net | −1 | −2 | −2 | 46,000 | −833,000 | |
| Non-operating expenses (income), net | 15 | 6 | −6 | 2 | 2 | |
| Income Before Income Taxes | 337 | 476 | 466 | 468 | 333 | |
| Income Tax Expense | 82 | 114 | 111 | 111 | 80 | |
| Net Income | 255 | 362 | 355 | 357 | 253 | |
| Weighted average common shares outstanding basic | 27 | 27 | 27 | 27 | 26 | |
| Weighted average common shares outstanding diluted | 27 | 27 | 27 | 27 | 27 | |
| Basic Earnings Per Share | 9.54 | 13.57 | 13.32 | 13.48 | 9.62 | |
| Diluted Earnings Per Share | 9.52 | 13.51 | 13.26 | 13.4 | 9.48 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 20 | 19 | 296 | 187 | 107 | |
| Accounts receivable, less allowances of $5,094 in 2025 and $4,224 in 2024 | 332 | 323 | 312 | 290 | 277 | |
| Prepaid expenses | 36 | 35 | 33 | 23 | 20 | |
| Income tax receivable | 33 | 44 | 1 | 23 | — | |
| Other current assets | 14 | 14 | 7 | 7 | 13 | |
| Total current assets | 435 | 436 | 649 | 531 | 416 | |
| Property and Equipment, at cost | 4,259 | 3,790 | 2,882 | 2,479 | 2,145 | |
| Less-accumulated depreciation and amortization | 1,415 | 1,233 | 1,118 | 996 | 864 | |
| Net property and equipment | 2,844 | 2,557 | 1,763 | 1,483 | 1,280 | |
| Operating Lease Right-of-Use Assets | 150 | 127 | 119 | 120 | 108 | |
| Goodwill and Identifiable Intangibles, net | 16 | 16 | 17 | 18 | 19 | |
| Other Noncurrent Assets | 38 | 31 | 36 | 23 | 22 | |
| Total assets | 3,483 | 3,167 | 2,584 | 2,175 | 1,845 | |
| Accounts payable | 107 | 115 | 142 | 100 | 114 | |
| Wages, vacation and employees benefits | 51 | 50 | 76 | 67 | 73 | |
| Claims and insurance accruals | 46 | 43 | 42 | 45 | 55 | |
| Other current liabilities | 32 | 38 | 27 | 23 | 39 | |
| Current portion of long-term debt | 980,000 | 5 | 10 | 15 | 19 | |
| Current portion of operating lease liability | 28 | 27 | 26 | 25 | 22 | |
| Total current liabilities | 265 | 278 | 322 | 274 | 321 | |
| Long-term debt, less current portion | 163 | 195 | 6 | 16 | 31 | |
| Operating lease liability, less current portion | 113 | 97 | 96 | 99 | 88 | |
| Deferred income taxes | 284 | 219 | 156 | 146 | 124 | |
| Claims, insurance and other | 79 | 66 | 61 | 60 | 60 | |
| Total other liabilities | 640 | 577 | 320 | 321 | 304 | |
| Commitments and Contingencies (Note 3) | 0 | 0 | 0 | 0 | — | |
| Preferred stock, $0.001 par value, 50,000 shares authorized, none issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.001 par value, 100,000,000 shares authorized, 26,645,402 and 26,598,512 shares issued and outstanding at December 31, 2025 and 2024, respectively | 27,000 | 27,000 | 27,000 | 26,000 | 26,000 | |
| Additional paid-in-capital | 308 | 295 | 285 | 277 | 275 | |
| Deferred compensation trust, 70,053 and 70,100 shares of common stock at cost at December 31, 2025 and 2024, respectively | −9 | −8 | −6 | −5 | −4 | |
| Retained earnings | 2,279 | 2,024 | 1,662 | 1,307 | 950 | |
| Total stockholders equity | 2,578 | 2,311 | 1,941 | 1,579 | 1,220 | |
| Total liabilities and stockholders equity | 3,483 | 3,167 | 2,584 | 2,175 | 1,845 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 255 | 362 | 355 | 357 | 253 | |
| Allowance for credit losses | 8 | 3 | 2 | 3 | 4 | |
| Deferred income taxes | 65 | 63 | 10 | 22 | 4 | |
| (Gain) loss from property disposals, net | −12 | 4 | 910,000 | 50,000 | −4 | |
| Stock-based compensation | 17 | 14 | 12 | 9 | 9 | |
| Accounts receivable | −17 | −15 | −23 | −17 | −63 | |
| Accounts payable | 7 | −816,000 | 11 | −10 | 17 | |
| Change in other assets and liabilities, net | 24 | −58 | 32 | −49 | 22 | |
| Net cash provided by operating activities | 595 | 584 | 578 | 473 | 383 | |
| Acquisition of property and equipment | −568 | −1,044 | −440 | −367 | −286 | |
| Proceeds from disposal of property and equipment | 24 | 3 | 3 | 2 | 8 | |
| Other | −8 | 5 | −12 | 0 | — | |
| Net cash used in investing activities | −553 | −1,036 | −449 | −366 | −278 | |
| Repayments of revolving credit facility | −1,023 | −1,060 | 0 | −1 | −43 | |
| Borrowings of revolving credit facility | 992 | 1,154 | 0 | 1 | 43 | |
| Borrowings on private shelf agreement | 0 | 100 | 0 | 0 | — | |
| Proceeds from stock option exercises | 3 | 3 | 5 | 5 | 4 | |
| Shares withheld for taxes | −9 | −9 | −9 | −12 | −7 | |
| Repayment of finance leases | −5 | −10 | −15 | −19 | −21 | |
| Other financing activity | 0 | −2 | −2 | 0 | 0 | |
| Net cash (used in) provided by financing activities | −42 | 175 | −20 | −27 | −23 | |
| Net Increase (Decrease) in Cash and Cash Equivalents | 247,000 | −277 | 109 | 81 | 81 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is SAIA INC's CIK number?
SAIA INC's SEC CIK number is 0001177702 (1177702). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find SAIA INC's SEC filings?
All of SAIA INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did SAIA INC last report earnings?
SAIA INC (SAIA) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-194062). This is SAIA INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is SAIA INC's most recent earnings 8-K?
SAIA INC's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001193125-26-194062. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View SAIA INC's latest earnings 8-K →
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