COVENANT LOGISTICS GROUP, INC.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
CVLG$32.65+3.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
COVENANT Logistics GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2025 and 2024
(In thousands, except share data)
| 2025 | 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $4,946 | $35,619 |
| Accounts receivable, net of allowance of $2,780 in 2025 and $2,360 in 2024 | 151,803 | 141,635 |
| Drivers' advances and other receivables, net of allowance of $584 in 2025 and $593 in 2024 | 10,214 | 3,999 |
| Inventory and supplies | 6,342 | 5,648 |
| Prepaid expenses | 21,658 | 19,975 |
| Assets held for sale | 26,070 | 132 |
| Income taxes receivable | 11,548 | 6,499 |
| Other short-term assets | 240 | 343 |
| Total current assets | 232,821 | 213,850 |
| Property and equipment, at cost | 753,717 | 729,404 |
| Less: accumulated depreciation and amortization | (241,033) | (204,595) |
| Net property and equipment | 512,684 | 524,809 |
| Goodwill | 80,477 | 78,941 |
| Other intangibles, net | 105,609 | 90,126 |
| Other receivables | 16,531 | 3,163 |
| Other assets, net | 97,426 | 86,470 |
| Noncurrent assets from discontinued operations | - | 209 |
| Total assets | $1,045,548 | $997,568 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $45,479 | $31,939 |
| Accrued expenses | 62,010 | 51,328 |
| Current maturities of long-term debt | 64,005 | 64,210 |
| Current portion of finance lease obligations | 840 | 751 |
| Current portion of operating lease obligations | 12,182 | 10,349 |
| Current portion of insurance and claims accrual | 25,462 | 22,700 |
| Total current liabilities | 209,978 | 181,277 |
| Long-term debt | 234,046 | 187,085 |
| Long-term portion of finance lease obligations | 2,353 | 3,192 |
| Long-term portion of operating lease obligations | 25,272 | 31,302 |
| Insurance and claims accrual | 36,361 | 19,134 |
| Deferred income taxes | 119,725 | 117,650 |
| Other long-term liabilities | 13,817 | 18,753 |
| Other long-term liabilities of discontinued operations | - | 835 |
| Total liabilities | 641,552 | 559,228 |
| Commitments and contingencies | - | - |
| Stockholders' equity: | ||
| Class A common stock, $.01 par value; 40,000,000 shares authorized; 20,370,361 shares issued and outstanding as of December 31, 2025; and 40,000,000 authorized; 21,774,350 shares issued and outstanding as of December 31, 2024 | 219 | 218 |
| Class B common stock, $.01 par value; 5,000,000 shares authorized; 4,700,000 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | 47 | 47 |
| Additional paid-in-capital | 159,492 | 158,907 |
| Treasury stock at cost; 1,485,517 and no shares as of December 31, 2025 and December 31, 2024, respectively | (34,584) | - |
| Accumulated other comprehensive income | 612 | 1,035 |
| Retained earnings | 278,210 | 278,133 |
| Total stockholders' equity | 403,996 | 438,340 |
| Total liabilities and stockholders' equity | $1,045,548 | $997,568 |
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