)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Marten Transport (MRTN) investor relations material
Marten Transport Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary23 Oct, 2025
Executive summary
Earnings and revenue declined sharply in 2025 due to a prolonged freight market recession, oversupply, weak demand, and inflationary costs, but dedicated and brokerage operations provided resilience.
Operating revenue for the first nine months of 2025 was $673.5 million, down 8.1% year-over-year, with net income at $13.7 million, a 35.4% decrease.
The company completed the sale of its intermodal business assets to Hub Group for $51.8 million in cash on September 30, 2025, with no gain or loss recognized.
The business model's value is highlighted by strong performance in dedicated and brokerage segments, with a focus on safe, premium service and cost controls.
Maintains a debt-free balance sheet, enabling continued investment in technology and fleet modernization.
Financial highlights
Q3 2025 operating revenue was $220.5 million, a 7.1% decrease year-over-year; nine-month revenue was $673.5 million, down 8.1%.
Net income for Q3 2025 was $2.2 million, down from $3.8 million in Q3 2024; nine-month net income was $13.7 million, down from $21.3 million.
Operating income for the nine months ended September 30, 2025, was $18.3 million, down 30.8% year-over-year.
Operating ratio (consolidated) was 97.3% for the nine months and 98.8% for Q3 2025, both up year-over-year.
Cash and cash equivalents plus escrow deposit totaled $54.5 million at quarter-end, with no long-term debt outstanding.
Outlook and guidance
Management expects recent immigration enforcement and regulatory changes to positively impact future growth opportunities, especially in cross-border operations.
Capital expenditures, net of proceeds from dispositions, are estimated at $28 million for the remainder of 2025.
Management expects liquidity to remain strong, with no significant constraints anticipated for at least the next twelve months.
The company expects profitability to improve as the freight market corrects.
Increased customer interest in securing dedicated capacity and optimism for dry van and refrigerated segments.
Intermodal segment's Q3 operating loss improvement?
Dedicated and brokerage segment performance vs. CEO comments?
How will immigration enforcement impact growth?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Marten Transport earnings date
Q4 202523 Jan, 2026
Next Marten Transport earnings date
Q4 202523 Jan, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Marten Transport, Ltd. is a temperature-sensitive truckload carrier providing transportation and logistics services across the United States, Canada, and Mexico. The company specializes in refrigerated transport for perishable goods, as well as dry freight and dedicated services. Marten also offers intermodal and brokerage solutions, focusing on timely and efficient delivery for customers in industries such as food and beverage, retail, and consumer goods. The company is headquartered in Mondovi, Wisconsin, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage