Company: MGRC
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001193125-25-248724
Chunk: 7

Company: MCGRATH RENTCORP
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 point in time the customer gains control of the equipment and the appropriate accounting period to recognize revenue.
Sales taxes charged to customers are reported on a net basis and are excluded from revenues and expenses.

The following table disaggregates the Company’s revenues by lease (within the scope of Topic 842) and non-lease revenues (within the scope of Topic 606) and the underlying service provided for the three and nine months ended September 30, 2025 and 2024:
(in thousands) Mobile Portable Storage
Modular
Three Months Ended September 30,
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
2025
Leasing $ 112,056 $ 17,725 29,098 - 158,879
Non-lease:
Rental related services 17,072 3,939 743 - 21,754
Sales 52,336 2,693 6,730 13,684 75,443
Other 4 45 318 - 367
Total non-lease 69,412 6,677 7,791 13,684 97,564
Total revenues $ 181,468 $ 24,402 36,889 13,684 256,443
2024
Leasing $ 109,249 $ 17,486 26,524 - 153,259
Non-lease:
Rental related services 16,131 4,127 755 - 21,013
Sales 65,994 1,411 7,169 17,499 92,073
Other 33 27 353 - 413
Total non-lease 82,158 5,565 8,277 17,499 113,499
Total revenues $ 191,407 $ 23,051 34,801 17,499 266,758
Nine Months Ended September 30,
2025
Leasing $ 324,791 $ 51,700 84,499 - 460,990
Non-lease:
Rental related services 29,199 11,451 2,217 - 42,867
Sales 115,310 5,649 20,597 40,763 182,319
Other 74 214 1,011 - 1,299
Total non-lease 144,583 17,314 23,825 40,763