Proficient Auto Logistics Reports Third Quarter 2025 Financial Results
Proficient Auto Logistics (NASDAQ: PAL) reported Q3 2025 results for the three months ended September 30, 2025. Total operating revenue was $114.3 million, up 24.9% year-over-year. The company reported a total operating loss of $0.1 million (GAAP) and adjusted operating income of $4.2 million versus $1.1 million in Q3 2024. Total units delivered were 605,341, up ~21%. Adjusted operating ratio improved to 96.3% from 98.8% and adjusted EBITDA for the quarter was $11.96 million (margin 10.5%).
Balance sheet highlights: $14.5 million cash, $79.2 million total debt after an $11.0 million reduction in the quarter, and net leverage ~1.7x on trailing-12-month adjusted EBITDA of $38.0 million. Q3 includes a $1.9 million restructuring charge tied to headcount and insurance actions expected to yield >$3 million annual savings beginning substantially in 2026.
Proficient Auto Logistics (NASDAQ: PAL) ha riportato i risultati del terzo trimestre 2025 per i tre mesi chiusi al 30 settembre 2025. I ricavi operativi totali sono stati $114,3 milioni, in aumento del 24,9% su base annua. L'azienda ha registrato una perdita operativa totale di $0,1 milioni (GAAP) e un utile operativo rettificato di $4,2 milioni rispetto a $1,1 milioni nel Q3 2024. Unità totali consecutive sono state 605.341, in aumento di circa il 21%. Il rapporto operativo rettificato è migliorato al 96,3% dal 98,8% e l’EBITDA rettificato per il trimestre è stato $11,96 milioni (margine 10,5%).
Punti salienti dello stato patrimoniale: cassa di $14,5 milioni, $79,2 milioni di debito totale dopo una riduzione di $11,0 milioni nel trimestre, e leva netta ~1,7x su EBITDA rettificato degli ultimi 12 mesi di $38,0 milioni. Il trimestre include una onere di ristrutturazione di $1,9 milioni legato a azioni su organico e assicurazioni che dovrebbero generare risparmi annuali superiori a $3 milioni a partire sostanzialmente dal 2026.
Proficient Auto Logistics (NASDAQ: PAL) reportó resultados del 3T 2025 para los tres meses terminado el 30 de septiembre de 2025. Los ingresos operativos totales fueron $114,3 millones, un incremento del 24,9% interanual. La compañía reportó una pérdida operativa total de $0,1 millones (GAAP) y un beneficio operativo ajustado de $4,2 millones frente a $1,1 millones en el 3T 2024. Unidades totales entregadas fueron 605.341, un aumento de ~21%. El índice operativo ajustado mejoró a 96,3% desde 98,8% y el EBITDA ajustado para el trimestre fue de $11,96 millones (margen 10,5%).
Aspectos destacados del balance: $14,5 millones en efectivo, $79,2 millones de deuda total tras una reducción de $11,0 millones en el trimestre, y apalancamiento neto ~1,7x sobre EBITDA ajustado de los últimos 12 meses de $38,0 millones. El 3T incluye un cargo de reestructuración de $1,9 millones vinculado a acciones de personal y seguros que se espera generen ahorros anuales superiores a $3 millones, a partir principalmente de 2026.
프로시언트 오토 로지스틱스(NASDAQ: PAL)는 2025년 9월 30일로 종료된 3개월 동안의 2025년 3분기 실적을 발표했습니다. 총영업수익은 $114.3백만으로 전년동기 대비 24.9% 증가했습니다. 회사는 GAAP 기준 1십만 달러의 총영업손실과 조정된 영업이익 420만 달러를 보고했으며 이는 2024년 3분기의 $110만 대비 증가한 수치입니다. 총 운송건수는 605,341건으로 약 21% 증가했습니다. 조정된 영업마진은 96.3%로 개선되었고, 이번 분기의 조정 EBITDA는 $11.96백만로 마진은 10.5%입니다.
대차대조표 하이라이트: 현금 $14.5백만, 총부채 $79.2백만로 분기 중 $11.0백만 감소, 그리고 순차입률 ~1.7x는 지난 12개월 조정 EBITDA $38.0백만을 기준으로 합니다. 3분기에는 직원 수 및 보험 조치와 관련된 재편성 비용 $1.9백만이 포함되어 있어 2026년부터 연간 절감액이 >$3백만에 이를 것으로 기대됩니다.
Proficient Auto Logistics (NASDAQ: PAL) a publié les résultats du 3e trimestre 2025 pour les trois mois terminés le 30 septembre 2025. Les revenus opérationnels totaux s’élèvent à $114,3 millions, en hausse de 24,9% d’une année sur l’autre. L’entreprise a enregistré une perte opérationnelle totale de $0,1 million (GAAP) et un résultat opérationnel ajusté de $4,2 millions contre $1,1 million au T3 2024. Unités totales livrées : 605 341, en hausse d’environ 21%. Le ratio opérationnel ajusté s’est amélioré à 96,3% contre 98,8% et l’EBITDA ajusté pour le trimestre est de $11,96 millions (marge de 10,5%).
Faits marquants du bilan : trésorerie de $14,5 millions, dette totale de $79,2 millions après une réduction de $11,0 millions au cours du trimestre, et levier net ~1,7x sur l’EBITDA ajusté des douze derniers mois de $38,0 millions. Le T3 comprend une charge de restructuration de $1,9 millions liée à des actions sur les effectifs et à l’assurance, qui devrait générer des économies annuelles supérieures à $3 millions, principalement à partir de 2026.
Proficient Auto Logistics (NASDAQ: PAL) meldete die Ergebnisse des dritten Quartals 2025 für die drei Monate zum 30. September 2025. Gesamterlöse aus Betriebstätigkeit betrugen $114,3 Millionen, ein Anstieg um 24,9% gegenüber dem Vorjahr. Das Unternehmen meldete einen Gesamtbetriebsverlust von $0,1 Millionen (GAAP) und ein angepasstes Betriebsergebnis von $4,2 Millionen gegenüber $1,1 Millionen im Q3 2024. Insgesamt gelieferte Einheiten betrugen 605.341, ein Anstieg von ca. 21%. Der bereinigte Betriebsaufwandquote verbesserte sich auf 96,3% von 98,8% und das bereinigte EBITDA für das Quartal betrug $11,96 Millionen (Marge 10,5%).
Highlights der Bilanz: Cash von $14,5 Millionen, Gesamtverschuldung von $79,2 Millionen nach einer Reduktion um $11,0 Millionen im Quartal, und Netto-Verschuldungsgrad ~1,7x basierend auf dem trailing-12-month bereinigten EBITDA von $38,0 Millionen. Im Q3 enthalten ist eine Restrukturierungsabbuchung von $1,9 Millionen, die mit Personal- und Versicherungsmaßnahmen verbunden ist und voraussichtlich ab 2026 deutlich mehr als $3 Millionen jährlich einsparen wird.
Proficient Auto Logistics (NASDAQ: PAL) أصدرت نتائج الربع الثالث من 2025 للفترة المنتهية في 30 سبتمبر 2025. الإيرادات التشغيلية الإجمالية بلغت $114.3 مليون، بزيادة 24.9% على أساس سنوي. أبلغت الشركة عن خسارة تشغيلية إجمالية قدرها $0.1 مليون (GAAP) ودخل تشغيلي معدل قدره $4.2 مليون مقارنة بـ $1.1 مليون في الربع الثالث 2024. إجمالي الوحدات المسلّمة كان 605,341، بزيادة حوالي 21%. تحسن معدل التشغيل المعدل إلى 96.3% من 98.8%، وEBITDA المعدل للربع كان $11.96 مليون وهو هامش 10.5%.
أهم بنود الميزانية: $14.5 مليون نقداً، $79.2 مليون الدين الإجمالي بعد انخفاض قدره $11.0 مليون خلال الربع، والرفع الصافي ~1.7x على EBITDA المعدل لآخر 12 شهراً البالغ $38.0 مليون. يتضمن الربع الثالث رسم إعادة الهيكلة بقيمة $1.9 مليون المرتبط بإجراءات التوظيف والتأمين، والتي من المتوقع أن توفر وفورات سنوية تفوق $3 مليون اعتباراً من 2026 بشكل أساسي.
- Revenue +24.9% to $114.3M in Q3 2025
- Total units +21% to 605,341 in Q3 2025
- Adjusted operating income improved to $4.2M from $1.1M
- Adjusted EBITDA of $11.96M; TTM adjusted EBITDA $38.0M
- Debt reduced $11.0M in the quarter (including $5.0M revolver paydown)
- GAAP operating loss of $0.1M in Q3 2025
- Loss before income taxes of $3.67M in Q3 2025 (worse vs Q3 2024)
- Cash balance modest at $14.5M versus $79.2M total debt
- Revenue per company unit down 1.5% to $181.42 versus prior year
Insights
Revenue and adjusted operating results improved materially while leverage fell to a moderate level; restructuring drives near-term charges for >$3M annual savings starting 2026.
Proficient reported total operating revenue of
The company recorded a small GAAP operating loss of
Key dependencies and near-term monitors include integration contributions from recent acquisitions (ATG and Brothers) reflected in the revenue gain, realization of the stated
JACKSONVILLE, Fla., Nov. 11, 2025 (GLOBE NEWSWIRE) -- Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the “Company” or “Proficient”) today reported its financial results for the three months ended September 30, 2025.
Third Quarter Summary
- Total Operating Revenue of
$114.3 million , increased24.9% from Q3 2024 - Total Operating Loss of (
$0.1) million , versus ($2.2) million in Q3 2024 - Adjusted Operating Income(1) of
$4.2 million , versus$1.1 million in Q3 2024 - Adjusted Operating Ratio(1) of
96.3% compared to98.8% in Q3 2024 - Total Units delivered of 605,341, an increase of
21% from Q3 2024
Rick O’Dell, Proficient’s Chief Executive Officer, commented, “In the third quarter, PAL delivered strong revenue during a slower seasonal period, and further improved profitability, demonstrating continued momentum from market share gains, operational improvements and strategic execution. We continue to position ourselves as a critical component of the automotive supply chain, with the ability to meet customers’ changing transportation needs in a volatile environment. While the market for trucking, and automotive trucking specifically, has excess transportation supply relative to current demand, we do not expect this to persist long-term, as smaller carriers will face acute challenges related to equipment age and reinvestment, rising insurance costs, driver recruitment and driver fallout, and increasingly stringent service, quality, technology, and regulatory requirements. PAL continues to strengthen its organizational infrastructure, while improving efficiency at the same time. I’m very pleased with our progress 18 months into this journey and I’m encouraged about future progress.”
Explanatory Note
On May 13, 2024, Proficient completed the initial public offering (the “IPO”) of its common stock and affected the acquisition of Delta Auto Transport, Inc., Deluxe Auto Carriers, Inc., Sierra Mountain Group, Inc., Proficient Auto Transport, and Tribeca Automotive Inc. (collectively, the “Founding Companies”). Thereafter, on August 16, 2024, the Company acquired Auto Transport Group, LC, (“ATG”) and on November 1, 2024, the Company acquired Utah Truck & Trailer Repair, LLC, (“UTT”), a repair facility located at the ATG headquarters terminal in Ogden, Utah. On April 1, 2025, the Company acquired Brothers Auto Transport, LLC, (“Brothers”), located in Wind Gap, Pennsylvania and on May 27, 2025, the Company acquired PVT Truck & Trailer Repair, LLC, (“PVT”) a repair facility located at the Brothers headquarters. For a full description of these transactions and subsequent acquisitions, please refer to our Quarterly Report on Form 10-Q for the period ended June 30, 2025.
The Company is providing the below summary unaudited financial information for the three months ended September 30, 2025 and 2024. Please refer to footnote 1 in the table for a description of periods included for more recently acquired entities.
| (1) | Adjusted Operating Income and Adjusted Operating Ratio are non-GAAP financial measures. See “Summary Unaudited 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 Financial Information (1)
| ( | Three months ended | ||||||||
| 9/30/2025 | 9/30/2024 | ||||||||
| Total Operating Revenue | $ | 114,295 | $ | 91,506 | |||||
| Total Operating Loss | (101 | ) | (2,186 | ) | |||||
| Addback: | |||||||||
| Amortization of Intangibles | 2,455 | 2,217 | |||||||
| Stock Compensation expense | 1,870 | 1,071 | |||||||
| Adjusted Operating Income (2) | 4,224 | 1,102 | |||||||
| Adjusted Operating Ratio (2) | 96.3 | % | 98.8 | % | |||||
| Loss before income taxes | (3,666 | ) | (1,693 | ) | |||||
| Addback: | |||||||||
| Depreciation & Amortization | 10,173 | 8,784 | |||||||
| Stock Compensation Expense | 1,870 | 1,071 | |||||||
| Interest Expense | 1,683 | 1,407 | |||||||
| Restructuring Charge | 1,901 | - | |||||||
| Adjusted EBITDA (3) | 11,961 | 9,569 | |||||||
| Adjusted EBITDA Margin (3) | 10.5 | % | 10.5 | % | |||||
| (1) | The amounts shown reflect the unaudited summary financial results for the full three-month periods presented. Amounts related to ATG and Brothers are included only since August 16, 2024 and April 1, 2025, the respective dates of acquisition. | |
| (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. These measures provide management with insight regarding progress on operating and integration initiatives. The table above provides a reconciliation of Adjusted Operating Income to Total Operating (Loss) Income, 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. The table above provides a reconciliation of Adjusted EBITDA to (Loss) Income before income taxes, the most comparable GAAP measure, and Adjusted EBITDA Margin flows from that. |
Revenue and Profitability (1)
| Three months ended | ||||||||||
| Select Operating Metrics | 9/30/2025 | 9/30/2024 | % Change | |||||||
| Unit Volume - Company Deliveries | 209,340 | 167,772 | 24.8 | % | ||||||
| Revenue / Unit - Company Deliveries | $ | 181.42 | $ | 184.21 | (1.5 | ) | % | |||
| Unit Volume - Subhaulers | 396,001 | 331,539 | 19.4 | % | ||||||
| Revenue / Unit - Subhaulers | $ | 167.97 | $ | 161.02 | 4.3 | % | ||||
| Percent Revenue, Company Deliveries | 36 | % | 37 | % | ||||||
| Percent Revenue, Subhaulers | 64 | % | 63 | % | ||||||
| (1) | Amounts related to ATG and Brothers are included only since August 16, 2024, and April 1, 2025, the respective dates of acquisition. |
Unit deliveries during the third quarter were up approximately
Total revenue was up
Third quarter results include
Balance Sheet
The Company ended the third quarter with
Conference Call
The Company will host an investor conference call at 5:00 p.m. EST 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/BIe26e8494ebd64ec0b74db5f313cf00f9; 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/tj5pzvgh.
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@proautologistics.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 Measures
We report our financial results in accordance with accounting principles generally accepted in the United States (“GAAP”). However, management believes that certain non-GAAP measures, including EBITDA, Adjusted EBITDA, Adjusted Operating Income, and Adjusted Operating Ratio, provide useful information in measuring 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-cash and non-recurring items.
EBITDA, Adjusted Operating Income, and Adjusted Operating Ratio do 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.
EBITDA is defined as net income (loss) for the period adjusted for interest expense, income tax expense (benefit) and depreciation expense and intangible amortization expense.
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.
Operating income is calculated as total revenue less total operating expenses.
Adjusted operating income is calculated as total revenue less total operating expenses reduced for share-based compensation expense and amortization of intangibles
Operating ratio is calculated as total operating expenses as a percentage of operating revenue.
Adjusted operating ratio is calculated as total operating expenses reduced for share-based compensation expense and amortization of intangibles, as a percentage of operating revenue
Summary Unaudited Financial Information (1)
| Trailing Twelve months ending- | 9/30/2025 | |||
| ( | ||||
| (Loss) Income before income taxes | $ | (13,699 | ) | |
| Addback: | ||||
| Depreciation & Amortization | 37,307 | |||
| Stock Compensation Expense | 5,411 | |||
| Interest Expense | 7,052 | |||
| Restructuring Charge | 1,901 | |||
| Adjusted EBITDA | $ | 37,972 | ||
| (1) | The amounts shown above reflect the unaudited summary financial results for the full twelve-month period presented. Amounts related to ATG and Brothers are included only since August 16, 2024 and April 1, 2025, the respective dates of acquisition. |
PROFICIENT AUTO LOGISTICS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited)
| Successor | ||||||||
| September 30, 2025 | December 31, 2024 | |||||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 14,535,206 | $ | 15,398,714 | ||||
| Accounts receivable, less allowance for credit losses (2025 - | 45,921,867 | 37,394,656 | ||||||
| Net investment in leases, current portion | 157,379 | 266,447 | ||||||
| Maintenance supplies | 1,629,186 | 1,356,814 | ||||||
| Assets held for sale | 28,500 | 265,900 | ||||||
| Income tax receivable | 2,294,190 | 2,944,742 | ||||||
| Prepaid expenses and other current assets | 8,152,346 | 10,060,169 | ||||||
| Total current assets | 72,718,674 | 67,687,442 | ||||||
| Property and equipment, net of accumulated depreciation (2025 - | 120,531,376 | 122,636,636 | ||||||
| Operating lease right-of-use assets | 9,295,968 | 10,970,536 | ||||||
| Net investment in leases, less current portion | 37,495 | 175,330 | ||||||
| Deposits | 6,144,419 | 4,676,679 | ||||||
| Goodwill | 173,424,181 | 169,056,675 | ||||||
| Intangible assets, net of amortization (2025 - | 127,385,528 | 132,490,640 | ||||||
| Other long-term assets | 734,621 | 393,006 | ||||||
| Total assets | $ | 510,272,262 | $ | 508,086,944 | ||||
| Liabilities, and stockholders’ equity | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $ | 11,107,676 | $ | 9,829,355 | ||||
| Accrued liabilities | 29,494,642 | 21,826,519 | ||||||
| Finance lease liabilities, current portion | 31,578 | 89,184 | ||||||
| Operating lease liabilities, current portion | 1,696,349 | 1,825,970 | ||||||
| Long-term debt, current portion | 21,417,482 | 19,052,903 | ||||||
| Total current liabilities | 63,747,727 | 52,623,931 | ||||||
| Long-term liabilities: | ||||||||
| Line of credit | - | 7,000,000 | ||||||
| Finance lease liabilities, less current portion | - | 8,343 | ||||||
| Operating lease liabilities, less current portion | 7,848,501 | 9,258,234 | ||||||
| Long-term debt, less current portion | 57,812,341 | 56,336,911 | ||||||
| Deferred tax liability, net | 40,132,537 | 42,638,079 | ||||||
| Other long-term liabilities | 2,341,923 | 2,241,923 | ||||||
| Total liabilities | 171,883,029 | 170,107,421 | ||||||
| Commitments and contingencies | ||||||||
| Stockholders’ equity: | ||||||||
| Common stock, | 278,188 | 270,691 | ||||||
| Additional paid in capital | 354,927,346 | 346,756,929 | ||||||
| Accumulated deficit | (16,816,301 | ) | (9,048,097 | ) | ||||
| Total stockholders’ equity | 338,389,233 | 337,979,523 | ||||||
| Total liabilities and stockholders’ equity | $ | 510,272,262 | $ | 508,086,944 | ||||
PROFICIENT AUTO LOGISTICS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited)
| Three months ended | |||||||||
| September 30, 2025 | September 30, 2024 | ||||||||
| Operating revenue | |||||||||
| Revenue, before fuel surcharge | $ | 104,900,181 | $ | 84,289,892 | |||||
| Fuel surcharge and other reimbursements | 7,442,725 | 6,017,296 | |||||||
| Other revenue | 1,266,845 | 375,967 | |||||||
| Lease revenue | 685,053 | 822,346 | |||||||
| Total operating revenue | 114,294,804 | 91,505,501 | |||||||
| Operating Expenses | |||||||||
| Salaries, wages and benefits | 22,341,396 | 17,373,659 | |||||||
| Stock-based compensation | 1,870,211 | 1,071,160 | |||||||
| Fuel and fuel taxes | 6,497,935 | 5,956,074 | |||||||
| Purchased transportation | 56,851,258 | 44,995,562 | |||||||
| Truck expenses | 6,739,370 | 5,692,078 | |||||||
| Depreciation | 7,718,519 | 6,566,444 | |||||||
| Intangible amortization | 2,454,641 | 2,217,083 | |||||||
| Gain on sale of equipment | (52,597 | ) | (107,491 | ) | |||||
| Insurance premiums and claims | 5,405,410 | 5,459,075 | |||||||
| General, selling, and other operating expenses | 4,569,409 | 4,467,362 | |||||||
| Total Operating Expenses | 114,395,552 | 93,691,006 | |||||||
| Operating loss | (100,748 | ) | (2,185,505 | ) | |||||
| Other income and expense | |||||||||
| Interest expense | (1,682,501 | ) | (1,407,146 | ) | |||||
| Acquisition costs | (94,738 | ) | (1,049,570 | ) | |||||
| Adjustment of Earn Out Contingency | - | 3,095,114 | |||||||
| Restructuring Charges | (1,901,103 | ) | - | ||||||
| Other income, net | 113,150 | (146,151 | ) | ||||||
| Total other income (expense), net | (3,565,192 | ) | 492,247 | ||||||
| Loss before income taxes | (3,665,940 | ) | (1,693,258 | ) | |||||
| Income tax (benefit) expense | (646,254 | ) | (327,782 | ) | |||||
| Net loss | $ | (3,019,686 | ) | $ | (1,365,476 | ) | |||
| Loss Per Share | |||||||||
| Basic & Diluted | $ | (0.11 | ) | $ | (0.05 | ) | |||
| Weighted Average Shares | |||||||||
| Basic & Diluted | 27,796,148 | 26,495,108 | |||||||
FAQ
What were Proficient Auto Logistics (PAL) Q3 2025 total operating revenue and percent change?
How many units did PAL deliver in Q3 2025 and how did that compare to Q3 2024?
What was Proficient (PAL)'s adjusted operating income and adjusted operating ratio for Q3 2025?
How did PAL's balance sheet change in Q3 2025 and what is net leverage?
What one-time charges did PAL record in Q3 2025 and expected savings?
Did Proficient (PAL) improve profitability metrics in Q3 2025 versus Q3 2024?
