Proficient Auto Logistics, Inc
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 31, 2025
PAL$3.38+11.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
CONSOLIDATED STATEMENTS OF OPERATIONS
| Successor · Predecessor | ||||
|---|---|---|---|---|
| December 31, | Period from January 1, 2024 to May 12, | December 31, | December 31, | |
| 2024 | 2024 | 2023 | 2022 | |
| Operating revenue | ||||
| Revenue, before fuel surcharge | $222,055,006 | $38,947,787 | $126,437,360 | $116,108,865 |
| Fuel surcharge and other reimbursements | 16,302,886 | 2,073,087 | 9,318,633 | 14,051,209 |
| Other Revenue | 1,509,218 | — | — | — |
| Lease Revenue | 987,417 | 196,814 | — | — |
| Total operating revenue | 240,854,527 | 41,217,688 | 135,755,993 | 130,160,074 |
| Operating Expenses | ||||
| Salaries, wages and benefits | 45,640,725 | 27,483,771 | 20,435,466 | 22,893,321 |
| Stock-based compensation | 8,883,142 | — | — | — |
| Fuel and fuel taxes | 16,128,862 | 1,119,549 | 4,461,319 | 7,213,180 |
| Purchased transportation | 119,908,760 | 25,995,763 | 83,843,297 | 70,337,687 |
| Truck expenses | 12,952,229 | 1,886,793 | 7,038,663 | 7,063,977 |
| Depreciation | 15,699,025 | 934,988 | 2,523,971 | 2,289,026 |
| Intangible amortization | 5,709,360 | — | — | — |
| Gain on sale of equipment | (149,683) | (235,081) | (173,859) | (47,847) |
| Insurance premiums and claims | 13,396,730 | 1,107,047 | 3,161,673 | 2,554,731 |
| General, selling, and other operating expenses | 10,577,918 | 3,944,823 | 4,112,009 | 3,162,408 |
| Total Operating Expenses | 248,747,068 | 62,237,653 | 125,402,539 | 115,466,483 |
| Operating (loss) income | (7,892,541) | (21,019,965) | 10,353,454 | 14,693,591 |
| Other income and (expense) | ||||
| Interest expense | (4,007,661) | (717,431) | (953,667) | (1,163,508) |
| Acquisition Costs | (1,226,915) | — | — | — |
| Adjustment of Earn Out Contingency | 3,095,114 | — | — | — |
| Other income, net | 311,351 | 2,078 | — | — |
| Total other expense, net | (1,828,111) | (715,353) | (953,667) | (1,163,508) |
| (Loss) Income before income taxes | (9,720,652) | (21,735,318) | 9,399,787 | 13,530,083 |
| Income tax (benefit) expense | (1,245,384) | (6,350,642) | 2,243,617 | 3,130,964 |
| Net (loss) income | $(8,475,268) | $(15,384,676) | $7,156,170 | $10,399,119 |
| Loss Per Share | ||||
| Basic & Diluted | $(0.47) | |||
| Weighted Average Shares | ||||
| Basic & Diluted | 17,937,853 | |||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.