SAIA INC

Listed Company

SAIACIK 0001177702NasdaqLarge AcceleratedTrucking (No Local)DelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.23B

Net Income

$255.04M

Total Assets

$3.48B

Equity

$2.58B

Shares Out

26.67M

Op. Cash Flow

$594.97M

Business

SAIA INC is a transportation company that provides less-than-truckload (LTL) freight services through an integrated operating organization. It offers LTL services—including time-definite and expedited options—as well as value-added services such as non-asset truckload, expedited transportation and logistics solutions. The company operates primarily through Saia LTL Freight and complementary non-asset operations, supported by a network of company-owned and leased terminals, tractors and trailers. Saia serves domestic markets across the 48 contiguous United States and provides cross-border LTL service to Canada and Mexico through interline partners.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro