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Wabash National WNC Impairment Charges

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Other financials

Income statement

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Revenue$417.2M-9.1%
Gross profit$15.3M-63.0%
Operating income-$25.3M-432%
Net income-$22.9M-139%
EPS (diluted)-$0.56-143%

Balance sheet

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Cash & equivalents$71.5M+24.5%
Total debt$545.1M+15.8%
Total equity$292.5M-24.1%
Total assets$1.2B-10.0%

Cash flow

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Operating cash flow-$33.7M-12,272%
CapEx$2.1M-66.8%
Free cash flow-$37.1M-313%

Valuation

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Market cap$511.66M+32.0%
Enterprise value$985.27M+23.1%
P/S0.4×+0.1×

Profitability

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Gross margin1%-8.3pp
Operating margin22.4%+16.2pp
Net margin-5.5%-0.7pp
FCF margin-2.8%-6.8pp

Returns & leverage

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Return on equity-23%-0.5pp
Debt / equity1.9×+0.6×
Current ratio1.3×-0.4×

Where this comes from

Reported directly by Wabash National in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: Wabash National’s 10-K, filed February 18, 2026.

Filed
Feb 18, 2026, 4:08 PM EST
Fiscal year
FY2025
Accession
0000879526-26-000036
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Stock-based compensation11,47611,30911,799
Non-cash interest expense1,008962946
Equity in loss from unconsolidated entity6,9826,089803
Impairment13,371994
Accounts receivable24,07239,04472,587
Inventories77,6728,810(23,765)
Prepaid expenses and other(7,348)4,020(10,727)
Accounts payable and accrued liabilities(6,213)(68,687)5,775

ITEM 8—FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Wabash National's impairment charges?
Wabash National (WNC) reported impairment charges of $13.37M in Q4 2025.
What does impairment charges mean?
Non-cash asset impairment charges added back in the operating cash flow reconciliation since they don't represent cash outflows.

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