REV Group, Inc.
revgroup.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2025 10-K, filed Dec 10, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Mar 6, 2026.
10-K for FY2025, filed Dec 10, 2025
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Builds fire apparatus, ambulances and work vehicles for government agencies, contractors and commercial customers, and makes recreational vehicles for consumers.
10-K for FY2025, filed Dec 10, 2025REV Group companies are leading designers, manufacturers and distributors of specialty vehicles and related aftermarket parts and services…View ↗
Our products are sold to municipalities, government agencies, private contractors, consumers, and industrial and commercial end users. We…View ↗
Our Specialty Vehicles segment sells (i) fire apparatus equipment under the Emergency One (“E-ONE”), Kovatch Mobile Equipment (“KME”), and…View ↗
Our Recreational Vehicles segment serves the recreational vehicles (“RV”) market through the following principal brands: American Coach…View ↗
Our end markets include the municipal market (vehicles for essential services such as emergency response, firefighting and patient…View ↗
How Did They Make Money?
Most revenue comes from specialty vehicle sales. Customers are generally billed when products ship or are picked up and usually pay shortly after billing, though some pay in advance; the company also sells aftermarket parts and services.
10-K for FY2025, filed Dec 10, 2025
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10-K for FY2025, filed Dec 10, 2025
FY2025 revenue by reportable segment ↗
$2.5B
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10-K for FY2025, filed Dec 10, 2025
$2.5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Specialty Vehicles
Sold outright
10-K for FY2025, filed Dec 10, 2025 |
74%
FY2022: 59%
|
Specialty Vehicles, FY2025
$1.8B Sources
|
Sold outright |
|
Recreational Vehicles
Sold outright
10-K for FY2025, filed Dec 10, 2025 |
26%
FY2022: 41%
|
Recreational Vehicles, FY2025
$649.2M Sources
|
Sold outright |
Who Were Their Customers?
Government agencies and municipalities, contractors, and industrial and commercial buyers purchase vehicles through direct sales staff or dealers; consumers buy recreational vehicles through independent dealers.
10-K for FY2025, filed Dec 10, 2025Our products are sold to municipalities, government agencies, private contractors, consumers, and industrial and commercial end users. We…View ↗
We distribute our brands either through our direct sales force or our well-established dealer network. Whether we sell directly to the…View ↗
We sell our RV products through a national independent dealer network with internal sales personnel responsible for direct distribution…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2025 and turned 8 cents into free cash flow.
10-K for FY2025, filed Dec 10, 2025
$182.2MView ↗
10-K for FY2025, filed Dec 10, 2025
$95.2MView ↗
10-K for FY2025, filed Dec 10, 2025
$190MView ↗
How Were They Changing?
-
Jan 29, 2026
REV stockholders approved the Terex merger
The companies said they expected to close in the first week of February, subject to remaining closing conditions.
Sources
8-K, filed Jan 29, 2026
Each proposal was approved by the requisite vote of REV’s stockholders. Because Proposal 1 – The Merger Proposal – was approved, a vote on…View ↗
Held flat. Revenue was $2.5B in FY2025, about the same as the $2.4B of FY2021.
Bus businesses sold
The older report included school buses and transit buses in Commercial; the latest report says Collins Bus and ENC were sold and describes continuing operations through Specialty Vehicles and Recreational Vehicles.
10-K for FY2022, filed Dec 14, 2022 10-K for FY2025, filed Dec 10, 2025Our Commercial segment is a leading producer of small Type A school buses, transit buses, terminal trucks and sweepers in the United…View ↗
Who Did They Compete With?
Competes with Oshkosh, Rosenbauer International, Demers Braun Crestline, FWD Seagrave, Life Line Emergency Vehicles, TICO, Cargotec, Thor Industries, Winnebago Industries, and Forest River
10-K for FY2025, filed Dec 10, 2025In the Specialty Vehicles segment, our competition includes Pierce Manufacturing (Oshkosh Corp.), Rosenbauer International, Demers Braun…View ↗
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