Proficient Auto Logistics, Inc
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
PAL$3.38+11.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF OPERATIONS
| Successor · Predecessor | ||||
|---|---|---|---|---|
| December 31, · Period from January 1, 2024 to May 12, · December 31, | ||||
| 2025 | 2024 | 2024 | 2023 | |
| Operating revenue | ||||
| Revenue, before fuel surcharge | $396,627,459 | $222,055,006 | $38,947,787 | $126,437,360 |
| Fuel surcharge and other reimbursements | 25,887,757 | 16,302,886 | 2,073,087 | 9,318,633 |
| Other Revenue | 4,383,874 | 1,509,218 | — | — |
| Lease Revenue | 3,526,084 | 987,417 | 196,814 | — |
| Total operating revenue | 430,425,174 | 240,854,527 | 41,217,688 | 135,755,993 |
| Operating Expenses | ||||
| Salaries, wages and benefits | 85,242,607 | 45,640,725 | 27,483,771 | 20,435,466 |
| Stock-based compensation | 5,527,316 | 8,883,142 | — | — |
| Fuel and fuel taxes | 25,757,819 | 16,128,862 | 1,119,549 | 4,461,319 |
| Purchased transportation | 215,153,626 | 119,908,760 | 25,995,763 | 83,843,297 |
| Truck expenses | 25,549,240 | 12,952,229 | 1,886,793 | 7,038,663 |
| Depreciation | 29,526,381 | 15,699,025 | 934,988 | 2,523,971 |
| Intangible amortization | 9,779,749 | 5,709,360 | — | — |
| Gain on sale of equipment | (257,864) | (149,683) | (235,081) | (173,859) |
| Goodwill & Intangibles Impairment | 27,787,000 | — | — | — |
| Insurance premiums and claims | 24,205,671 | 13,396,730 | 1,107,047 | 3,161,673 |
| General, selling, and other operating expenses | 17,488,511 | 10,577,918 | 3,944,823 | 4,112,009 |
| Total Operating Expenses | 465,760,056 | 248,747,068 | 62,237,653 | 125,402,539 |
| Operating (loss) income | (35,334,882) | (7,892,541) | (21,019,965) | 10,353,454 |
| Other income and (expense) | ||||
| Interest expense | (6,588,973) | (4,007,661) | (717,431) | (953,667) |
| Acquisition Costs | (438,514) | (1,226,915) | — | — |
| Adjustment of Earn Out Contingency | — | 3,095,114 | — | — |
| Restructuring Costs | (1,243,171) | — | — | — |
| Other income, net | 364,326 | 311,351 | 2,078 | — |
| Total other expense, net | (7,906,332) | (1,828,111) | (715,353) | (953,667) |
| (Loss) Income before income taxes | (43,241,214) | (9,720,652) | (21,735,318) | 9,399,787 |
| Income tax (benefit) expense | (7,221,648) | (1,245,384) | (6,350,642) | 2,243,617 |
| Net (loss) income | $(36,019,566) | $(8,475,268) | $(15,384,676) | $7,156,170 |
| Loss Per Share | ||||
| Basic & Diluted | $(1.31) | $(0.47) | ||
| Weighted Average Shares | ||||
| Basic & Diluted | 27,578,622 | 17,937,853 | ||
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