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Proficient Auto Logistics Reports Second Quarter 2025 Financial Results

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Proficient Auto Logistics (NASDAQ: PAL) reported Q2 2025 financial results, showing mixed performance with revenue growth but compressed margins. The company achieved total operating revenue of $115.5 million, up 21.4% from Q1 2025 and 8.4% from Q2 2024. Total units delivered reached 631,426, increasing 28% quarter-over-quarter and 24% year-over-year.

Key financial metrics include Adjusted Operating Income of $3.8 million (vs. $1.2M in Q1 2025 and $8.7M in Q2 2024) and an Adjusted Operating Ratio of 96.7%. The company ended Q2 with $13.6 million in cash and $90.2 million in debt, resulting in a net leverage ratio of 2.2x. The quarter reflected market share gains and the impact of the Brothers acquisition, though profitability remained challenged by a weak market environment.

Proficient Auto Logistics (NASDAQ: PAL) ha reso noti i risultati del secondo trimestre 2025, mostrando performance contrastanti con crescita dei ricavi ma margini compressi. La società ha realizzato ricavi operativi totali per $115.5 milioni, in aumento del 21.4% rispetto al Q1 2025 e dell'8.4% rispetto al Q2 2024. Le unità totali consegnate sono state 631,426, con un incremento del 28% su base trimestrale e del 24% su base annua.

I principali indicatori finanziari includono un utile operativo rettificato di $3.8 milioni (vs. $1.2M nel Q1 2025 e $8.7M nel Q2 2024) e un rapporto operativo rettificato del 96.7%. Al termine del trimestre la società disponeva di $13.6 milioni in cassa e $90.2 milioni di debito, con un rapporto di leva netta di 2.2x. Il trimestre ha evidenziato guadagni di quota di mercato e l'effetto dell'acquisizione di Brothers, sebbene la redditività sia rimasta sotto pressione a causa di un contesto di mercato debole.

Proficient Auto Logistics (NASDAQ: PAL) publicó los resultados del segundo trimestre de 2025, mostrando un desempeño mixto con crecimiento de ingresos pero márgenes contraídos. La compañía alcanzó ingresos operativos totales de $115.5 millones, un 21.4% más que en el 1T 2025 y un 8.4% más que en el 2T 2024. Las unidades totales entregadas sumaron 631,426, aumentando un 28% trimestre a trimestre y un 24% interanual.

Los indicadores clave incluyen un Resultado Operativo Ajustado de $3.8 millones (vs. $1.2M en el 1T 2025 y $8.7M en el 2T 2024) y un Índice Operativo Ajustado del 96.7%. Al cierre del trimestre la compañía tenía $13.6 millones en efectivo y $90.2 millones en deuda, resultando en una ratio de apalancamiento neto de 2.2x. El trimestre reflejó ganancias de cuota de mercado y el impacto de la adquisición de Brothers, aunque la rentabilidad siguió lastrada por un entorno de mercado débil.

Proficient Auto Logistics (NASDAQ: PAL)는 2025년 2분기 실적을 발표했으며, 매출 성장에도 불구하고 마진이 압박받는 혼재된 성과를 보였습니다. 회사는 총 영업수익 $115.5백만을 기록했으며, 이는 2025년 1분기 대비 21.4% 증가하고 2024년 2분기 대비 8.4% 증가한 수치입니다. 총 인도 차량 수는 631,426대로 분기별로 28%, 연간으로 24% 증가했습니다.

주요 재무 지표로는 조정 영업이익 $3.8백만(2025년 1분기 $1.2M, 2024년 2분기 $8.7M 대비)과 조정 영업비율 96.7%이 포함됩니다. 분기 말 기준 회사의 현금은 $13.6백만, 부채는 $90.2백만으로 순 레버리지 비율은 2.2배였습니다. 이번 분기는 시장 점유율 확대와 Brothers 인수의 영향이 반영되었으나, 시장 환경 약세로 수익성은 여전히 도전적이었습니다.

Proficient Auto Logistics (NASDAQ: PAL) a publié ses résultats du deuxième trimestre 2025, montrant une performance contrastée avec une croissance des revenus mais des marges comprimées. La société a réalisé un chiffre d'affaires opérationnel total de $115.5 millions, en hausse de 21.4% par rapport au T1 2025 et de 8.4% par rapport au T2 2024. Le nombre total d'unités livrées s'est élevé à 631,426, en progression de 28% d'un trimestre à l'autre et de 24% en glissement annuel.

Les principaux indicateurs financiers incluent un Résultat d'exploitation ajusté de $3.8 millions (vs. $1.2M au T1 2025 et $8.7M au T2 2024) et un Ratio opérationnel ajusté de 96.7%. À la clôture du trimestre, la société disposait de $13.6 millions de trésorerie et de $90.2 millions de dette, soit un ratio d'endettement net de 2.2x. Le trimestre a reflété des gains de parts de marché et l'impact de l'acquisition de Brothers, bien que la rentabilité soit restée mise à mal par un environnement de marché faible.

Proficient Auto Logistics (NASDAQ: PAL) meldete die Finanzergebnisse für das zweite Quartal 2025 und wies damit ein gemischtes Bild mit Umsatzwachstum, aber gedrückten Margen auf. Das Unternehmen erzielte Gesamtbetriebsumsatz von $115.5 Mio., ein Plus von 21.4% gegenüber Q1 2025 und 8.4% gegenüber Q2 2024. Die insgesamt ausgelieferten Einheiten betrugen 631,426, ein Anstieg von 28% zum Vorquartal und 24% im Jahresvergleich.

Wesentliche Kennzahlen umfassen ein bereinigtes Betriebsergebnis von $3.8 Mio. (vs. $1.2M im Q1 2025 und $8.7M im Q2 2024) und eine bereinigte operative Quote von 96.7%. Zum Ende des Quartals verfügte das Unternehmen über $13.6 Mio. in bar und $90.2 Mio. an Schulden, was zu einer Netto-Verschuldungsquote von 2.2x führte. Das Quartal spiegelte Marktanteilsgewinne und die Auswirkungen der Übernahme von Brothers wider, dennoch blieb die Profitabilität aufgrund eines schwachen Marktumfelds unter Druck.

Positive
  • Revenue increased 21.4% quarter-over-quarter to $115.5 million
  • Total units delivered grew 28% from Q1 2025 to 631,426 units
  • Company-operated deliveries increased to 37% of revenue from 35% in Q1 2025
  • Sequential improvement in Adjusted Operating Income to $3.8M from $1.2M in Q1
  • Reduced credit line utilization to $5.0M from $8.0M in Q1 2025
Negative
  • Operating Income declined significantly to $0.1M from $7.0M in Q2 2024
  • Adjusted Operating Ratio deteriorated to 96.7% from 91.8% in Q2 2024
  • Revenue per unit decreased both sequentially and year-over-year
  • Reported loss before income taxes of $1.88M
  • Dedicated fleet revenue declined to $3.8M from $7.3M year-over-year

Insights

PAL shows sequential recovery but year-over-year profitability deterioration amid challenging auto transport market conditions.

Proficient Auto Logistics delivered mixed results in Q2 2025, showing sequential improvement but year-over-year deterioration in key profitability metrics. The company reported $115.5 million in revenue, up 21.4% sequentially and 8.4% year-over-year, primarily driven by volume increases rather than pricing strength.

The company's profitability metrics tell a more complex story. Their Adjusted Operating Income of $3.8 million improved from Q1's $1.2 million but declined substantially from $8.7 million in Q2 2024. The Adjusted Operating Ratio of 96.7% (where lower is better) shows sequential improvement from 98.7% but significant deterioration from 91.8% a year ago.

Volume growth has been impressive with 631,426 total units delivered, up 28% sequentially and 24% year-over-year. However, revenue per unit declined both sequentially and year-over-year, indicating pricing pressure in the auto transport market. The revenue per company delivery unit fell to $178.82 from $212.25 a year ago, a 15.8% decline.

The company's balance sheet shows $13.6 million in cash against $90.2 million in debt, resulting in a net leverage ratio of 2.2x based on trailing twelve-month adjusted EBITDA of $35.2 million. This includes $5 million drawn on their credit line, down from $8 million in Q1, showing some deleveraging.

The company's strategy of increasing company-driver deliveries (now 37% of revenue vs 32% a year ago) appears to be helping with sequential improvement, but market conditions remain challenging with "volatile" automotive sales rates and a "weaker than expected" base market. The Brothers acquisition contributed to growth, but organic challenges persist.

JACKSONVILLE, Fla., Aug. 11, 2025 (GLOBE NEWSWIRE) -- Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the “Company” or “Proficient”) today reported its financial results for the three months ended June 30, 2025, and comparative summary financial information for the Founding Companies (as defined below) on a combined basis for the three months ended June 30, 2024.

Second Quarter Summary (second quarter 2024 information on a combined basis)

Total Operating Revenue of $115.5 million, increased 21.4% from Q1 2025 and 8.4% from Q2 2024

Total Operating Income (Loss) of $0.1 million, versus ($2.4) million in Q1 2025 and $7.0 million in Q2 2024

Adjusted Operating Income(1) of $3.8 million, versus $1.2 million in Q1 2025 and $8.7 million in Q2 2024

Adjusted Operating Ratio(1) of 96.7% compared to 98.7% in Q1 2025 and 91.8% in Q2 2024

Total Units delivered of 631,426, an increase of 28% from Q1 2025 and 24% from Q2 2024

Rick O’Dell, Proficient’s Chief Executive Officer, commented, “In the second quarter, PAL delivered stronger revenue, largely from market share gains and the Brothers acquisition, demonstrating the importance of strategic execution in an uncertain environment. We are pleased to show improved profitability sequentially, though we have more work to do to control costs in a base market that continues to be weaker than expected coming into 2025. Month-to-month automotive sales rates have been volatile amidst changing tariff policy and cautious large purchase behavior by consumers. Our mandate is to deliver top quality service and operate efficiently while preserving the ability to scale up via share gains and acquisitions.”

Explanatory Note

On May 13, 2024, Proficient completed the initial public offering (the “IPO”) of its common stock and affected the acquisition of its Delta Auto Transport, Inc., Deluxe Auto Carriers, Inc., Sierra Mountain Group, Inc., Proficient Auto Transport, and Tribeca Automotive Inc. (collectively, the “Founding Companies”). For a full description of these transactions and subsequent acquisitions, please refer to our previously filed Form 10K.

The Company is providing below summary unaudited combined financial information for the three months ended June 30, 2025, with comparison to combined summary information from the preceding quarter ended March 31, 2025, and the year earlier quarter ended June 30, 2024. The summary unaudited combined financial information has been prepared by, and is the responsibility of, Proficient’s and the Founding Companies’ management. This information has not yet been subjected to audit, review or agreed-upon procedures of any audit firm, and therefore, there is no independent auditors’ opinion or any other form of assurance with respect thereto. Please refer to footnote 1 to the table for a description of periods included for the various acquired entities.

(1)Adjusted Operating Income and Adjusted Operating Ratio are non-GAAP financial measures. See “Summary Unaudited Combined Financial Information” on the following pages for additional information regarding the use of Adjusted Operating Income and Adjusted Operating Ratio and a reconciliation to the most comparable GAAP measure.
   

Summary Unaudited Combined Financial Information (1)

($000s)  Three months ending - 
   6/30/2025   3/31/2025   6/30/2024  
Total Operating Revenue $115,547  $95,206  $106,607 
             
Total Operating (Loss) Income  125   (2,363)  7,041 
             
Addback:            
Amortization of Intangibles  2,455   2,416   1,076 
Stock Compensation expense  1,221   1,183   613 
Adjusted Operating Income (2)  3,801   1,236   8,730 
             
Adjusted Operating Ratio (2)  96.7%  98.7%  91.8%
             
(Loss) Income before income taxes  (1,882)  (3,894)  5,793 
             
Addback:            
Depreciation & Amortization  10,102   8,904   4,761 
Stock Compensation Expense  1,221   1,183   613 
Interest Expense  1,838   1,571   1,247 
Adjusted EBITDA (3)  11,279   7,764   12,414 
             
Adjusted EBITDA Margin (3)  9.8%  8.2%  11.6%


(1) The amounts shown above reflect the unaudited summary combined financial results of the five Founding Companies for the full three-month periods presented without any pro forma adjustments that would give effect to the completion of the IPO or any related transaction expenses or adjustments recognized as a result of the IPO and concurrent Combinations. The results of Proficient (acquiror entity) are included in the three months ended June 30, 2025, March 31, 2025 and June 30, 2024; however, they reflect only those operating expenses incurred following the closing of the IPO on May 13, 2024. Amounts related to Auto Transport Group (“ATG”) and Brothers Auto Transport (“BAT”) are included only since acquisition on August 16, 2024, and April 1, 2025, respectively.
(2) Our management team reviews Adjusted Operating Income and the related Adjusted Operating Ratio, both of which are non-GAAP financial measures, as a basis for comparing the results of financial reporting periods excluding the impact of non-cash expenses related to stock-based compensation expense and amortization of intangibles resulting from our acquisitions. These measures provide management with the requisite insight regarding progress on operating and integration initiatives. The table above provides a reconciliation of Adjusted Operating Income to the most comparable GAAP measure and Adjusted Operating Ratio flows from that.
(3) Our management team reviews Adjusted EBITDA and Adjusted EBITDA Margin, both of which are non-GAAP financial measures, to measure the operating performance and financial condition of our business and to make strategic decisions. See the Appendix for additional information regarding the use of Adjusted EBITDA and a reconciliation to the most comparable GAAP measure and Adjusted EBITDA Margin flows from that.
   

Revenue and Profitability (1)

  Three months ending - 
Select Operating Metrics 6/30/2025  3/31/2025  6/30/2024 
Unit Volume - Company Deliveries  220,578   163,754   152,714 
Revenue / Unit - Company Deliveries $178.82  $185.38  $212.25 
             
Unit Volume - Subhaulers  410,848   330,755   354,998 
Revenue / Unit - Subhaulers $166.50  $173.14  $190.77 
             
Percent Revenue, Company Deliveries  37%  35%  32%
Percent Revenue, Subhaulers  63%  65%  68%


(1)The amounts shown above reflect combined information for the five Founding Companies for the full three-month periods presented without any pro forma adjustments that would give effect to the completion of the IPO or any related transaction expenses or adjustments recognized as a result of the IPO and concurrent Combinations. Amounts related to ATG and BAT are included only since acquisition on August 16, 2024, and April 1, 2025, respectively.
   

Total revenue increased $20.3 million, or 21%, sequentially versus the first quarter of 2025, while unit volumes were up approximately 28%, as volume growth was modestly offset by a lower revenue per unit driven by customer mix and fewer spot buy opportunities in the quarter. The proportion of revenue delivered via company drivers increased to 37% in the quarter, improving truck asset utilization. Unit deliveries during the second quarter were up approximately 24% from the comparable period of 2024 while total revenue was up $8.9 million, or only 8.4%, compared to the second quarter of 2024, because of significantly lower revenue per unit year-over-year. The dedicated fleet portion of Proficient’s revenue was $3.8 million in the second quarter of 2025, compared to $4.3 million in the first quarter of 2025 and $7.3 million in the second quarter of last year.

The comparison of adjusted operating ratio year-over-year is negatively impacted by the step up in market value on fleet assets acquired when the IPO closed last year. The increased depreciation expense resulting from that step up in valuation represents 1.61% of the reported adjusted operating ratio for the most recent quarter.

Balance Sheet

The Company ended the second quarter with $13.6 million of cash and $90.2 million of debt (inclusive of $5.0 million drawn against its $20.0 million line of credit at the end of the quarter, down from $8.0 million drawn as of the end of the first quarter). This resulting net debt of approximately $76.6 million on June 30, 2025, equates to a net leverage ratio of 2.2x when compared to combined adjusted EBITDA of $35.2 million for the trailing twelve months.

The $90.2 million total debt also reflects full utilization of our $25.0 million term debt facility following the use of the undrawn capacity during the quarter to fund the cash portion of our BAT acquisition.

Conference Call

The Company will host an investor conference call at 5:00 p.m. EDT to discuss the results. Investors are invited to join the conference call by registering through the following link: https://register-conf.media-server.com/register/BIa8f63630c99c498cbbb1d9a5df394445, once registered, you will receive a dial-in and a unique pin to join the conference. You may also join the listen-only Webcast via https://edge.media-server.com/mmc/p/j5w37j4m.

About Proficient Auto Logistics

We are a leading specialized freight company focused on providing auto transportation and logistics services. Through the combination of seven industry-leading operating companies since our IPO in May 2024, we operate one of the largest auto transportation fleets in North America. We offer a broad range of auto transportation and logistics services, primarily focused on transporting finished vehicles from automotive production facilities, marine ports of entry, or regional rail yards to auto dealerships around the country.

Investor Relations:

Brad Wright
Chief Financial Officer and Secretary
Phone: 904-506-4317
email: Investor.relations@proficientautologistics.com

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to possible or assume future results of our business, financial condition, results of operations, liquidity, plans and objectives. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions. We have based these forward-looking statements largely on our current expectations and projections regarding future events and trends that we believe may affect our business, financial condition and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors described in the section entitled “Risk Factors” in our Annual Report on From 10-K (the “Annual Report”), and elsewhere in the Annual Report. Accordingly, you should not rely upon forward-looking statements as predictions of future events. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements regarding: the economic conditions in the global markets in which we operate; our ability to successfully implement our business strategy, effectively respond to changes in market dynamics and customer preferences, and achieve the anticipated benefits and associated cost savings of such strategies and actions; our ability to recruit and retain qualified driving associates, independent contractors and third-party auto transportation and logistics companies; an increase in the frequency or severity of accidents or other claims; our expectations regarding the successful implementation of the Combinations; geopolitical developments and additional changes in international trade policies and relations; the effect of any international conflicts or terrorist activities, on the United States and global economies in general, the transportation industry, or us in particular, and what effects these events will have on our costs and the demand for our services; our ability to manage our network capacity and cost structure for capital expenditures and operating expenses, and match it to shifting and future customer volume levels; our ability to compete effectively against current and future competitors; our ability to maintain our profitability despite quarterly fluctuations in our results, whether due to seasonality, large cyclical events, or other causes; and our future financial and operating results; our expectations regarding the period during which we will qualify as an emerging growth company under the JOBS Act; and the sufficiency of our existing cash to fund our future operating expenses and capital expenditure requirements.

The forward-looking statements made in this document relate only to events as of the date on which the statements are made. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Appendix

Non-GAAP Financial Measure

We report our financial results in accordance with accounting principles generally accepted in the United States (“GAAP”). However, management believes that EBITDA provides useful information in measuring our operating performance, generating future operating plans and making strategic decisions regarding allocation of capital. Management believes this information presents helpful comparisons of financial performance between periods by excluding the effect of certain non-recurring items.

Adjusted EBITDA

Adjusted EBITDA does not have a standardized meaning prescribed by GAAP and therefore it may not be comparable to similarly titled measures presented by other companies, and it should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.

Adjusted EBITDA is defined as net income (loss) for the period adjusted for interest expense, net, income tax expense (benefit), depreciation and amortization expense and stock compensation expense.

Summary Unaudited Combined Financial Information (1)

Twelve months ending- 6/30/2025 
($000s)   
(Loss) Income before income taxes $(12,105)
     
Addback:    
Depreciation & Amortization  35,918 
Stock Compensation Expense  4,611 
Interest Expense  6,777 
Adjusted EBITDA $35,201 


 (1)The amounts shown above reflect combined information for the five Founding Companies for the twelve-month period presented without any pro forma adjustments that would give effect to the completion of the IPO or any related transaction expenses or adjustments recognized as a result of the IPO and concurrent Combinations. The results of Proficient (acquiror entity) are included in the twelve months ended June 30, 2025; however, they reflect only those operating expenses incurred following the closing of the IPO on May 13, 2024. Amounts related to ATG and BAT are included only since acquisition on August 16, 2024, and April 1, 2025, respectively
    


PROFICIENT AUTO LOGISTICS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited) 
 
  Successor 
  June 30,
2025
  December 31,
2024
 
ASSETS      
Current assets:      
Cash and cash equivalents $13,646,252  $15,398,714 
Accounts receivable, less allowance for credit losses (2025 - $189,916; 2024 - $134,372)  47,124,317   37,394,656 
Net investment in leases, current portion  236,913   266,447 
Maintenance supplies  1,600,211   1,356,814 
Assets held for sale  36,000   265,900 
Income tax receivable  871,414   2,944,742 
Prepaid expenses and other current assets  8,431,839   10,060,169 
Total current assets  71,946,946   67,687,442 
Property and equipment, net of accumulated depreciation and amortization (2025 - $28,350,632; 2024 - $15,541,572)  127,655,334   122,636,636 
Operating lease right-of-use assets  10,494,307   10,970,536 
Net investment in leases, less current portion  89,103   175,330 
Deposits  5,553,335   4,676,679 
Goodwill  174,090,117   169,056,675 
Intangible assets, net of amortization (2025 - $10,579,831; 2024 - $5,709,360)  129,840,169   132,490,640 
Other long-term assets  788,749   393,006 
Total assets $520,458,060  $508,086,944 
         
Liabilities, and stockholders’ equity        
Current liabilities:        
Accounts payable $11,506,594  $9,829,355 
Accrued liabilities  26,108,485   21,826,519 
Income Tax Payable  42,470   - 
Finance lease liabilities, current portion  54,274   89,184 
Operating lease liabilities, current portion  1,902,908   1,825,970 
Long-term debt, current portion  22,555,270   19,052,903 
Total current liabilities  62,170,001   52,623,931 
         
Long-term liabilities:        
Line of credit  5,000,000   7,000,000 
Finance lease liabilities, less current portion  -   8,343 
Operating lease liabilities, less current portion  8,791,344   9,258,234 
Long-term debt, less current portion  62,653,831   56,336,911 
Deferred tax liability, net  39,972,654   42,638,079 
Other long-term liabilities  2,341,923   2,241,923 
Total liabilities  180,929,753   170,107,421 
         
Commitments and contingencies        
         
Stockholders’ equity:        
Common stock, $0.01 par value; 50,000,000 shares authorized; 27,738,985 and 27,069,114 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively  277,389   270,691 
Additional paid in capital  353,047,533   346,756,929 
(Accumulated deficit) retained earnings  (13,796,615)  (9,048,097)
Total stockholders’ equity  339,528,307   337,979,523 
Total Liabilities and Stockholders’ Equity $520,458,060  $508,086,944 
 


PROFICIENT AUTO LOGISTICS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
 
  Successor 
  Six months
ended
June 30,
2025
  Three months
ended
June 30,
2025
 
Operating revenue      
Revenue, before fuel surcharge $194,987,487  $107,372,359 
Fuel surcharge and other reimbursements  12,230,095   6,802,255 
Other revenue  1,993,867   688,122 
Lease revenue  1,541,158   683,850 
Total operating revenue  210,752,607   115,546,586 
         
Operating Expenses        
Salaries, wages and benefits  41,744,796   22,456,693 
Stock-based compensation  2,404,506   1,221,497 
Fuel and fuel taxes  12,845,111   6,779,856 
Purchased transportation  106,156,861   58,948,018 
Truck expenses  12,288,270   6,438,424 
Depreciation  14,135,559   7,646,980 
Intangible amortization  4,870,471   2,454,641 
Loss (gain) on sale of equipment  (226,314)  (235,095)
Insurance premiums and claims  10,341,191   5,382,512 
General, selling, and other operating expenses  8,429,304   4,327,702 
Total Operating Expenses  212,989,755   115,421,228 
Operating (loss) income  (2,237,148)  125,358 
Other income and expense        
Interest expense  (3,408,796)  (1,837,876)
Acquisition costs  (311,807)  (274,705)
Other income, net  181,291   105,069 
Total other expense, net  (3,539,312)  (2,007,512)
Loss before income taxes  (5,776,460)  (1,882,154)
Income tax (benefit) expense  (1,027,942)  (325,321)
Net loss $(4,748,518) $(1,556,833)
         
Loss Per Share        
Basic & Diluted $(0.17) $(0.06)
         
Weighted Average Shares        
Basic & Diluted  27,341,813   27,611,515 

FAQ

What were PAL's Q2 2025 revenue and growth rates?

PAL reported Q2 2025 revenue of $115.5 million, representing a 21.4% increase from Q1 2025 and an 8.4% increase from Q2 2024.

How many units did Proficient Auto Logistics (PAL) deliver in Q2 2025?

PAL delivered 631,426 total units in Q2 2025, comprising 220,578 company deliveries and 410,848 subhauler deliveries, representing a 28% increase from Q1 2025.

What is PAL's current debt position and leverage ratio?

As of Q2 2025, PAL had $90.2 million in total debt and $13.6 million in cash, resulting in net debt of $76.6 million and a net leverage ratio of 2.2x.

How did PAL's operating metrics change in Q2 2025 compared to Q2 2024?

PAL's Adjusted Operating Income decreased to $3.8 million from $8.7 million in Q2 2024, while the Adjusted Operating Ratio weakened to 96.7% from 91.8%.

What was the revenue split between company deliveries and subhaulers for PAL in Q2 2025?

In Q2 2025, company deliveries represented 37% of revenue, while subhaulers accounted for 63% of total revenue.
Proficient Auto Logistics Inc

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PAL Stock Data

169.72M
23.15M
14.47%
70.61%
8.78%
Integrated Freight & Logistics
Transportation Services
Link
United States
JACKSONVILLE