PAMT CORP

Listed Company

PAMTCIK 0000798287NasdaqAcceleratedSmaller ReportingTrucking (No Local)NevadaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-52.61M

Total Assets

$697.91M

Equity

$210.48M

Shares Out

20.93M

Op. Cash Flow

$17.34M

Business

PAMT CORP is a holding company that owns subsidiaries providing truckload dry van carrier services that transport general commodities. It offers asset-based transportation including dedicated, expedited, automotive, local, regional and long-haul truckload services, as well as brokerage and logistics solutions that coordinate third-party capacity; freight includes automotive parts, consumer and manufactured goods. Its operations are organized into two principal operating categories—truckload services and brokerage and logistics—aggregated as a single motor carrier segment. The company serves the continental United States, Mexico and select Canadian provinces through company-owned equipment, independent contractors, brokerage arrangements and agreements with Mexican carriers.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Operating revenues	598	715	811	947	707
Salaries, wages and benefits	160	174	186	182	141
Operating supplies and expenses	119	137	161	166	102
Rents and purchased transportation	248	289	316	365	279
Depreciation	83	99	65	63	55
Impairment Loss	0	6	0	0	—
Insurance and claims	47	20	31	33	19
Other	20	24	24	18	12
(Gain) loss on disposition of equipment	−15	766,000	−1	—	—
Total operating expenses and costs	662	751	780	823	607
OPERATING (LOSS) INCOME	−64	−37	30	124	100
NON-OPERATING INCOME	11	8	7	3	10
INTEREST EXPENSE	−17	−13	−9	−8	−8
(LOSS) INCOME BEFORE INCOME TAXES	−70	−42	29	119	103
Current	1	2	7	14	8
Deferred	−19	−12	3	15	18
Total federal & state income tax (benefit) expense	−18	−10	10	28	26
NET (LOSS) INCOME	−53	−32	18	91	77
Basic (in dollars per share)	−2.48	−1.45	0.83	4.08	3.37
Diluted (in dollars per share)	−2.48	−1.45	0.83	4.04	3.35
Basic (in shares)	21	22	22	22	23
Diluted (in shares)	21	22	22	22	23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	35	68	101	74	19
Trade, less current estimated credit loss of $8,415 and $6,636, respectively	67	80	81	135	122
Other	7	5	7	6	7
Inventories	2	2	2	3	1
Prepaid expenses and deposits	10	12	13	16	11
Marketable equity securities	48	43	43	42	39
Income taxes refundable	2	2	4	6	277,000
Total current assets	171	212	251	281	200
Land	30	30	23	20	20
Structures and improvements	58	54	44	36	34
Revenue equipment	687	733	689	638	521
Office furniture and equipment	17	19	15	13	11
Total property and equipment	792	836	771	706	585
Accumulated depreciation	−276	−309	−266	−242	−201
Net property and equipment	517	527	505	464	384
Other Assets, Noncurrent	10	3	5	5	4
TOTAL ASSETS	698	742	760	749	587
Accounts payable	33	31	63	49	43
Accrued Liabilities, Current	41	15	17	34	14
Current maturities of long-term debt	66	73	58	59	50
Total current liabilities	139	119	137	142	111
Long-term debtless current portion	268	253	204	205	173
Deferred income taxes	74	93	104	101	87
Other Liabilities, Noncurrent	6	250,000	750,000	103,000	420,000
Total liabilities	487	464	446	449	371
COMMITMENTS AND CONTINGENCIES (Note 16)	—	—	—	—	—
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued	0	0	0	0	0
Common stock, $.01 par value, 100,000,000 shares authorized; 22,377,606 and 22,364,120 shares issued; 20,926,020 and 21,782,534 shares outstanding at December 31, 2025 and 2024, respectively	224,000	224,000	223,000	223,000	234,000
Additional paid-in capital	42	41	41	40	84
Treasury stock, at cost; 1,451,586 and 581,586 shares at December 31, 2025 and 2024, respectively	−29	−14	−9	−4	—
Retained earnings	198	250	282	263	301
Total stockholders equity	210	278	314	300	216
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	698	742	760	749	587

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Bad debt expense	2	3	2	917,000	1
Stock compensationnet of excess tax benefits	548,000	723,000	553,000	715,000	441,000
Recognized (gain) on marketable equity securities	−7	−3	−2	−1	−8
Accounts receivable	9	−86,000	51	−2	−47
Prepaid expenses, deposits, inventories, and other assets	2	3	3	−7	−865,000
Income taxes refundable	549,000	2	2	−5	591,000
Income taxes payable	0	0	0	−4	4
Trade accounts payable	−12	−7	−11	2	6
Accrued expenses and other liabilities	25	−3	−16	20	−2
Net cash provided by operating activities	17	59	115	169	102
Purchases of property and equipment	−41	−141	−34	−64	−19
Proceeds from disposition of equipment	58	37	23	17	32
Sales of marketable equity securities	5	4	143,000	0	3
Purchases of marketable equity securities, net of return of capital	−4	0	—	−1	−6
Net cash provided by (used in) investing activities	18	−100	−11	−114	9
Borrowings under line of credit	652	751	879	946	654
Repayments under line of credit	−652	−751	−879	−946	−672
Borrowings of long-term debt	30	81	0	75	21
Repayments of long-term debt	−84	−67	−71	−67	−75
Borrowings under margin account	2	0	46,000	1	7
Repayments under margin account	−2	0	−960,000	−2	−17
Repurchases of treasury stock	−15	−5	−5	−7	−11
Proceeds from exercise of stock options	0	−1,000	0	—	—
Net cash (used) provided by financing activities	−69	9	−77	290,000	−93
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	−33	−33	27	56	18
Interest	17	13	10	8	8
Income taxes	886,000	674,000	6	23	4
Purchases of revenue equipment included in accounts payable	13	214,000	25	431,000	383,000

Filings

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