For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total operating revenue | 430,425,174 | - | ||
| Salaries, wages and benefits | 85,242,607 | - | ||
| Fuel and fuel taxes | 25,757,819 | - | ||
| Purchased transportation | 215,153,626 | - | ||
| Truck expenses | 25,549,240 | - | ||
| Depreciation | 29,526,381 | - | ||
| Intangible amortization | 9,779,749 | - | ||
| Goodwill & intangibles impairment | 27,787,000 | - | ||
| Insurance premiums and claims | 24,205,671 | - | ||
| Salaries, wages and benefits | - | 45,640,725 | ||
| General, selling, and other operating expenses | 17,488,511 | - | ||
| Insurance premiums and claims | - | 13,396,730 | ||
| Stock-based compensation | 5,527,316 | - | ||
| Gain on sale of equipment | - | 149,683 | ||
| Fuel and fuel taxes | - | 16,128,862 | ||
| Gain on sale of equipment | 257,864 | - | ||
| Depreciation | - | 15,699,025 | ||
| Stock-based compensation | 5,527,316 | 8,883,142 | ||
| Intangible amortization | 9,779,749 | 5,709,360 | ||
| Truck expenses | - | 12,952,229 | ||
| Purchased transportation | - | 119,908,760 | ||
| General, selling, and other operating expenses | 5,583,335 | 10,577,918 | ||
| Total operating expenses | 465,760,056 | 248,747,068 | ||
| Total operating revenue | - | 240,854,527 | ||
| Operating (loss) income | -35,334,882 | -7,892,541 | ||
| Interest expense | 6,588,973 | - | ||
| Other income, net | - | 311,351 | ||
| Acquisition costs | 438,514 | - | ||
| Interest expense | - | 4,007,661 | ||
| Restructuring costs | 1,243,171 | - | ||
| Acquisition costs | - | 1,226,915 | ||
| Other income, net | 364,326 | - | ||
| Adjustment of earn out contingency | 3,095,114 | -3,095,114 | ||
| Restructuring costs | 1,200,000 | - | ||
| Adjustment of earn out contingency | 0 | - | ||
| Total other expense, net | -7,906,332 | - | ||
| (loss) income before income taxes | -43,241,214 | - | ||
| Total other expense, net | - | -1,828,111 | ||
| (loss) income before income taxes | - | -9,720,652 | ||
| Income tax (benefit) expense | -7,221,648 | -1,245,384 | ||
| Net (loss) income | -36,019,566 | -8,475,268 | ||
| Basic EPS | -1.31 | -0.47 | ||
| Diluted EPS | -1.31 | -0.47 | ||
| Basic Average Shares | 27,578,622 | 17,937,853 | ||
| Diluted Average Shares | 27,578,622 | 17,937,853 | ||
Proficient Auto Logistics, Inc (PAL)
Proficient Auto Logistics, Inc (PAL)