Every 10-Q that Covenant Logistics Group, Inc. (CVLG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CVLG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CVLG filings page.
Covenant Logistics Group reported mixed second-quarter 2026 results. Total revenue was $332.9 million, up 9.9% year over year, with freight revenue of $294.7 million, up 6.6%. Despite this growth, operating income declined to $8.8 million from $11.6 million, and net income fell to $8.5 million, or $0.32 per diluted share, versus $9.8 million, or $0.36, a year earlier, reflecting margin pressure. For the first half of 2026, revenue reached $640.0 million while net income declined to $13.0 million.
At June 30, 2026, stockholders’ equity was $412.9 million and tangible book value was $232.7 million. Total indebtedness, including debt and finance leases net of cash, decreased by $6.6 million to $289.7 million, with $59.1 million of borrowing capacity available under a $130.0 million revolving Credit Facility. Operating cash flow for the first half decreased sharply compared with 2025, and capital needs were managed largely through equipment sales and disciplined borrowing.
The equity investment in Transport Enterprise Leasing contributed $5.3 million of pre-tax earnings in the quarter. Contingent consideration liabilities from recent acquisitions were reduced through $13.1 million of payments, leaving a $9.0 million balance. The company paid $1.8 million in cash dividends during the quarter and recorded legal costs and expected insurance recoveries related to a multi-fatality Texas accident, while stating that claims and insurance expense may remain volatile. Management expects modest sequential EPS improvement in the third quarter as more business shifts to dedicated or otherwise committed contracts and cost controls continue.
Covenant Logistics Group reported first-quarter 2026 revenue of $307.2 million, up 14.0% from a year earlier, as freight revenue rose to $281.9 million. Despite higher sales, operating income slipped to $6.3 million and net income declined to $4.4 million, or $0.17 per diluted share, reflecting margin pressure from higher purchased transportation, fuel headwinds, and weather disruptions.
Managed Freight, Dedicated, and Warehousing drove freight revenue growth, partially offset by softer Expedited results. Cash from operations was $29.0 million, helping reduce total indebtedness (debt and finance leases, net of cash) by $51.0 million to $245.3 million and lowering the leverage ratio to 2.37. Stockholders’ equity reached $407.6 million, and the company paid a $0.07 per-share cash dividend.
Covenant Logistics Group, Inc. (CVLG) filed its Q3 2025 10‑Q, reporting steady results and disciplined capital deployment. Total revenue was $296.9 million, up from $287.9 million. Operating income was $7.9 million, and net income was $9.1 million, producing diluted EPS of $0.35. For the nine months, revenue reached $869.1 million with diluted EPS of $0.94.
Segment drivers were balanced: Dedicated and Managed Freight grew year over year, while Expedited moderated. Fuel surcharge revenue was $28.0 million versus $29.3 million a year ago. Cash provided by operating activities totaled $88.1 million year‑to‑date, funding $119.0 million of property and equipment purchases and $36.6 million of share repurchases, alongside $0.07 per‑share quarterly dividends.
Cash ended at $2.7 million, with total debt of $267.6 million including leases. Undrawn letters of credit were $19.9 million and borrowing capacity under the $110 million revolver was $90.1 million. Shares outstanding as of November 5, 2025 were 20,347,178 Class A and 4,700,000 Class B. The company recorded a $0.5 million legal cost accrual related to a third‑party accident; no other liability was recorded.
Covenant Logistics Group (CVLG) Q2-25 10-Q highlights: Revenue rose 5.3% YoY to $302.9 M, driven by 13.7% growth in Dedicated and 28.4% in Managed Freight, partially offset by a 10.4% decline in Expedited. Operating income fell 25.8% to $11.6 M as purchased transportation (+22%) and higher insurance accruals compressed margin to 3.8% (vs 5.4%). Net income slipped 19.3% to $9.8 M; diluted EPS $0.36 (-18%).
Six-month view: Revenue edged up 1.1% to $572.2 M; net income improved 1.5% to $16.4 M with diluted EPS $0.60. Operating cash flow increased 6% to $46.7 M, funding $69.9 M capex and $12.6 M contingent earn-outs. Free cash flow turned negative due to $35.6 M share repurchase (1.6 M shares) under new $50 M authorization and 17 % dividend increase to $0.07/quarter.
Balance sheet: Cash plunged to $0.1 M (from $35.6 M) while total debt rose 12% to $265.3 M, lifting net leverage to ~0.9× EBITDA (est.). Equity declined 4.9% to $416.9 M, mainly from treasury stock. Insurance and claims accrual doubled to $38.5 M; long-term deferred taxes dipped $3.6 M.
Outlook signals: Management accelerated buybacks despite softer margins, implying confidence in long-term value, but lower Q2 profitability and minimal cash buffer heighten liquidity sensitivity.