Quarterly ResultMay 14, 2026, 04:23 PM
Proficient Auto Logistics Q1 Net Loss $6.49M; EPS $(0.23)
AI Summary
Proficient Auto Logistics reported a net loss of $6.49 million for the first quarter of 2026, significantly wider than the $3.19 million loss in the same period last year. Total operating revenue decreased by 1.59% to $93.69 million. The company also saw a substantial increase in its operating loss, which grew to $6.93 million from $2.36 million year-over-year. Additionally, the company recognized a $25.6 million goodwill impairment in its Subhauler reporting unit as of November 30, 2025.
Key Highlights
- Q1 2026 Net Loss widened to $6.49 million, up 103.34% from $3.19 million in Q1 2025.
- Basic & Diluted Loss Per Share was $(0.23) in Q1 2026, compared to $(0.12) in Q1 2025.
- Total Operating Revenue decreased by 1.59% to $93.69 million from $95.21 million year-over-year.
- Operating Loss increased by 193.52% to $6.93 million from $2.36 million in the prior year period.
- Cash and cash equivalents decreased by 31.71% to $9.76 million as of March 31, 2026, from $14.29 million at Dec 31, 2025.
- Net cash flows from operating activities increased by 21.45% to $1.98 million in Q1 2026.
- Recognized $25.6 million goodwill impairment in the Subhauler reporting unit as of November 30, 2025.
- Repurchased $517,884 of common stock in Q1 2026.
Price Impact
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