Here are the 10-K annual reports from Douglas Dynamics, Inc. (PLOW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PLOW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PLOW filings page.
Douglas Dynamics, Inc. is North America’s premier manufacturer and upfitter of commercial work truck attachments and equipment, operating through Work Truck Attachments and Work Truck Solutions segments. Products include snowplows, spreaders, truck-mounted cranes, dump hoists, and customized upfitted work trucks.
The company reports an order backlog of $328.0 million as of December 31, 2025 and had 23,084,814 shares of common stock outstanding at February 24, 2026. In 2024 it completed a sale‑leaseback of seven properties with a combined net book value of $21.852 million for gross proceeds of $64.150 million, generating approximately $58.656 million in net cash.
Management highlights strong cash generation, lean manufacturing, a network of about 3,000 Work Truck Attachments points of sale and roughly 2,700 Work Truck Solutions customers, but stresses key risks from snowfall variability, economic cycles, steel and fuel costs, supply‑chain disruptions, climate and ESG pressures, cybersecurity, and leverage, including approximately $144.0 million of senior secured indebtedness as of December 31, 2025.