How did U-Haul's revenue and expenses trend in Q3 2025 compared to previous quarters?

U-Haul's revenue and expenses in Q3 2025 showed notable improvements compared to previous quarters, reflecting strategic growth initiatives and operational efficiency enhancements. 1. **Revenue Trend**: - U-Haul's revenue for Q3 2025 was $1.39 billion, surpassing analyst estimates, indicating a strong revenue performance. - This represents a significant increase from the previous quarter's revenue of $1.34 billion in Q2 2024. - The year-over-year growth in revenue suggests increased customer demand for U-Haul's services, particularly in the Moving and Storage segment, which reported a 4.6% increase in self-moving equipment rental revenues and a 7.9% increase in self-storage revenues compared to Q3 2024. 2. **Expense Management**: - While specific expense details for Q3 2025 are not available, U-Haul's overall performance highlights effective cost management despite revenue growth. - The company's net earnings available to shareholders decreased to $67.2 million from $99.2 million in the same period last year, suggesting that while revenue surpassed estimates, increased operational costs, such as depreciation and reduced gains from equipment disposal, impacted net profits. - U-Haul's Moving and Storage EBITDA increased by $47.8 million to $376.7 million for the quarter, indicating strong operational performance despite the challenges in managing costs. 3. **Strategic Insights**: - U-Haul's strategic expansion efforts, including the addition of new storage locations, have contributed to revenue growth. - The company's focus on reducing friction with customers and improving the overall customer experience may have positively influenced revenue trends by increasing customer satisfaction and loyalty. In conclusion, U-Haul's Q3 2025 revenue trend demonstrates robust growth, outperforming previous quarters, while the company effectively managed expenses to support strategic expansion and operational efficiency. However, challenges in managing costs and increasing net earnings highlight the need for continued focus on optimizing internal processes and controlling expenses to fully leverage revenue gains.