Cheetah Net Q2 Revenue +145.4% to $868.9K; Net Income $71K
Cheetah Net Supply Chain Service Inc. reported a significant increase in Q2 2026 revenue, up 145.4% to $868,909, primarily driven by its new international trading segment following the acquisition of Super International Trading Limited. The company achieved a net income from continuing operations of $71,045 for the quarter, a substantial improvement from a net loss in the prior year, largely due to foreign exchange gains. Strategic actions included the acquisition and the divestment of its Edward Transit Express Group, Inc. to optimize its business structure. Despite an increased operating loss and a going concern warning, management believes current liquidity and strategic measures will support operations for at least 12 months.
Key Highlights
- Q2 2026 total revenue increased 145.4% to $868,909 from $354,126 YoY.
- Q2 2026 net income from continuing operations was $71,045, compared to a $512,528 net loss YoY.
- International trading segment generated $868,909 revenue in Q2 2026, driven by Super International acquisition.
- Logistics and warehousing segment revenue was $nil in Q2 2026, down from $354,126 YoY due to divestment.
- Other income, net, surged 5,697.9% to $993,766 in Q2 2026, primarily from foreign exchange gains.
- Disposal of Edward Transit Express Group, Inc. resulted in a $297,610 loss.
- Company reported $2.1 million cash and $74.1 million working capital as of June 30, 2026.
Price Impact
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