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Dec 31, 2024

U-Haul Q3 2025 Earnings Report

U-Haul's financial performance decreased in Q3 2025, with net earnings and EPS declining compared to the same period last year, while moving activity saw an increase.

Key Takeaways

U-Haul Holding Company reported a decrease in net earnings available to shareholders for the third quarter ended December 31, 2024, with $67.2 million compared to $99.2 million for the same period last year. Earnings per share for Non-Voting Shares were $0.35 compared to $0.51 for the same period in fiscal 2024. Moving activity increased during the quarter.

Net earnings available to shareholders decreased to $67.2 million from $99.2 million year-over-year.

Earnings per share for Non-Voting Shares (UHAL.B) decreased to $0.35 from $0.51 year-over-year.

Self-storage revenues increased by $16.6 million, or 7.9%, compared to the third quarter of fiscal year 2024.

Self-moving equipment rental revenues increased $38.8 million, or 4.6%, compared with the third quarter of fiscal year 2024.

Total Revenue
$1.39B
Previous year: $1.34B
+3.7%
EPS
$0.3
Previous year: $0.46
-34.8%
Avg monthly occupancy rate
78.7%
Avg monthly units occupied
610K
Self-storage facilities units
781
Gross Profit
$155M
Previous year: $168M
-7.8%
Cash and Equivalents
$1.02B
Previous year: $1.81B
-43.7%
Free Cash Flow
-$665M
Previous year: -$434M
+53.2%
Total Assets
$20.3B
Previous year: $19B
+7.0%

U-Haul

U-Haul

U-Haul Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income