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of Contents](#toc)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\n**FORM 10-K**\n\n \n\n(Mark One)\n\n \n\n☑\n\nANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the fiscal year ended December 31, 2025\n\n \n\n☐\n\nTRANSITION REPORT PURSANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from       to\n\n \n\nCommission file number 0-20797\n\n \n\n**RUSH ENTERPRISES, INC.**\n\n(Exact name of registrant as specified in its charter)\n\n \n\n**Texas**\n**74-1733016**\n\n(State or other jurisdiction of incorporation or organization)\n(I.R.S. Employer Identification No.)\n\n \n \n\n**555 IH 35 South, New Braunfels, TX**\n**78130**\n\n(Address of principal executive offices)\n(Zip Code)\n\n \n\nRegistrant’s telephone number, including area code: (**830) 302-5200**\n\n \n\nSecurities registered pursuant to Section 12(b) of the Act:\n\n \n\nTitle of each class\n\nTrading Symbol(s)\n\nName of each exchange on which registered\n\nClass A Common Stock, $0.01 par value\n\nRUSHA\n\nNASDAQ Global Select Market\n\nClass B Common Stock, $0.01 par value\n\nRUSHB\n\nNASDAQ Global Select Market\n\n \n\nSecurities registered pursuant to Section 12(g) of the Act:\n\n**None**\n\n \n\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.        Yes ☑                  No ☐\n\n \n\nIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.       Yes ☐                  No ☑\n\n \n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.\n\nYes ☑                  No ☐\n\n \n\nIndicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).\n\nYes ☑                   No ☐\n\n \n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge Accelerated Filer\n☑\nAccelerated Filer\n☐\n\nNon-Accelerated Filer\n☐\nSmaller Reporting Company\n☐\n\n \n \nEmerging Growth Company\n☐\n\n                                                                  \n\n \n\n[Table of Contents](#toc)\n\n \n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark if the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☑\n\n \n\nIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements☐\n\n \n\nIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).                                                                                          Yes ☐                  No ☑\n\n \n\nThe aggregate market value of common stock held by non-affiliates of the registrant as of June 30, 2025, was approximately $3,565,130,872 based upon the last sales price on June 30, 2025, on The NASDAQ Global Select Market SM of $51.51 for the registrant’s Class A common stock and $52.48 for the registrant’s Class B common stock. Shares of common stock held by each executive officer and director and by each shareholder affiliated with a director or an executive officer have been excluded from this calculation because such persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.\n\n \n\nThe registrant had 60,503,266 shares Class A common stock and 16,437,909 shares of Class B common stock outstanding on February 17, 2026.\n\n \n\n**DOCUMENTS INCORPORATED BY REFERENCE**\n\n**Portions of registrant**’**s definitive proxy statement for the registrant**’**s 2026 Annual Meeting of Shareholders, to be filed with the Securities and Exchange Commission not later than 120 days after December 31, 2025, are incorporated by reference into Part III of this Form 10-K.**\n\n \n\n1\n\n[Table of Contents](#toc)\n\n  \n\n \n\n**RUSH ENTERPRISES, INC.**\n\n \n\n**Index to Form 10-K**\n\n \n\n**Year ended December 31, 2025**\n\n \n\n \n\n \n** ****Page No.**\n\n \n \n \n\n[**Part I**](#pone)"}