Proficient Auto Logistics, Inc
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 14, 2026
PAL$3.02+10.6%Stored close · as of Nov 6, 2026
Contents
Condensed Consolidated Balance Sheets as of June 30, 2026 (unaudited) and December 31, 2025
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $8,130,738 | $14,285,745 |
| Accounts receivable, less allowance for credit losses (2026 - $1,159,900; 2025 - $826,740) | 53,744,352 | 42,188,909 |
| Net investment in leases, current portion | 81,206 | 126,730 |
| Maintenance supplies | 2,081,732 | 1,714,238 |
| Assets held for sale | 606,572 | 28,500 |
| Income tax receivable | 1,650,993 | 1,791,544 |
| Prepaid expenses and other current assets | 6,757,045 | 11,261,497 |
| Total current assets | 73,052,638 | 71,397,163 |
| Property and equipment, net of accumulated depreciation and amortization (2026 - $55,772,844; 2025 - $43,500,044) | 102,912,089 | 115,850,061 |
| Operating lease right-of-use assets | 11,401,032 | 12,633,834 |
| Net investment in leases, less current portion | — | 21,781 |
| Deposits | 5,984,457 | 6,124,946 |
| Goodwill | 148,643,673 | 148,476,407 |
| Intangible assets, net (2026 - $20,318,613; 2025 - $17,615,109) | 117,975,387 | 122,804,891 |
| Other long-term assets | 534,121 | 668,426 |
| Total Assets | $460,503,397 | $477,977,509 |
| Liabilities, and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $11,336,163 | $8,305,255 |
| Accrued liabilities | 28,593,388 | 33,030,001 |
| Finance lease liabilities, current portion | — | 8,758 |
| Operating lease liabilities, current portion | 2,587,294 | 2,249,651 |
| Long-term debt, current portion | 19,162,469 | 20,303,077 |
| Total current liabilities | 61,679,314 | 63,896,742 |
| Long-term liabilities: | ||
| Line of credit | 6,700,000 | — |
| Operating lease liabilities, less current portion | 9,366,749 | 10,689,839 |
| Long-term debt, less current portion | 44,582,063 | 54,026,968 |
| Deferred tax liability, net | 32,016,854 | 34,900,440 |
| Other long-term liabilities | 2,973,049 | 3,073,049 |
| Total Liabilities | 157,318,029 | 166,587,038 |
| Commitments and contingencies (Note 15) | ||
| Stockholders’ Equity: | ||
| Common stock, $0.01 par value; 50,000,000 shares authorized; 28,052,923 and 27,834,799 shares issued and outstanding as of June 30, 2026 and December 31, 2025 | 280,529 | 278,347 |
| Additional paid in capital | 358,358,051 | 356,179,787 |
| Accumulated deficit | (55,453,212) | (45,067,663) |
| Treasury stock at cost, 0 shares as of June 30, 2026 and December 31, 2025 | — | — |
| Total Stockholders’ Equity | 303,185,368 | 311,390,471 |
| Total Liabilities and Stockholders’ Equity | $460,503,397 | $477,977,509 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.