Proficient Auto Logistics, Inc
Business
Proficient Auto Logistics, Inc. provides specialized finished-vehicle transportation and logistics services across North America for automotive manufacturers, dealers, auctions, rental companies, and leasing firms. The company operates an owned fleet of approximately 800 assets and 57 facilities, transporting vehicles from production facilities, ports, and rail yards to dealerships. It operates through two segments: Company Drivers, offering asset-based services with owned equipment and long-term contracts, and Subhaulers, offering asset-light services using independent contractors and third-party carriers.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Stock-based compensation | 6 | 9 | — | — | |
| Intangible amortization | 10 | 6 | — | — | |
| Insurance premiums and claims | — | 757,028 | — | — | |
| General, selling, and other operating expenses | 6 | 3 | — | — | |
| Adjustment of Earn Out Contingency | −3 | −3 | — | — | |
| Restructuring Costs | −1 | — | — | — | |
| Income tax (benefit) expense | −7 | −1 | 2 | 3 | |
| Net (loss) income | −36 | −8 | — | — | |
| Basic (in Dollars per share) | −1.31 | −0.47 | — | — | |
| Basic (in Shares) | 28 | 18 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 14 | 15 | — | |
| Accounts receivable, less allowance for credit losses (2025 - $826,740; 2024 - $134,372) | 42 | 37 | — | |
| Net investment in leases, current portion | 126,730 | 266,447 | — | |
| Maintenance supplies | 2 | 1 | — | |
| Assets held for sale | 28,500 | 265,900 | — | |
| Income tax receivable | 2 | 3 | — | |
| Prepaid expenses and other current assets | 11 | 10 | 3 | |
| Total current assets | 71 | 68 | — | |
| Property and equipment, net of accumulated depreciation (2025 - $ 43,500,044; 2024 - $15,541,572) | 116 | 123 | 18 | |
| Operating lease right-of-use assets | 13 | 11 | — | |
| Net investment in leases, less current portion | 21,781 | 175,330 | — | |
| Deposits | 6 | 5 | — | |
| Goodwill | 148 | 169 | — | |
| Intangible assets, net of accumulated amortization and impairment (2025 - $17,615,109; 2024 - $5,709,360) | 123 | 132 | — | |
| Other long-term assets | 668,426 | 393,006 | — | |
| Total assets | 478 | 508 | — | |
| Accounts payable | 8 | 10 | — | |
| Accrued liabilities | 33 | 22 | — | |
| Finance lease liabilities, current portion | 8,758 | 89,184 | — | |
| Operating lease liabilities, current portion | 2 | 2 | — | |
| Long-term debt, current portion | 20 | 19 | — | |
| Total current liabilities | 64 | 53 | — | |
| Line of credit | — | 7 | — | |
| Finance lease liabilities, less current portion | — | 8,343 | — | |
| Operating lease liabilities, less current portion | 11 | 9 | — | |
| Long-term debt, less current portion | 54 | 56 | — | |
| Deferred tax liability, net | 35 | 43 | — | |
| Other long-term liabilities | 3 | 2 | — | |
| Total liabilities | 167 | 170 | — | |
| Commitments and contingencies (Note 18) | — | — | — | |
| Common stock, $0.01 par value; 50,000,000 shares authorized; 27,834,799 and 27,069,114 shares issued and outstanding as of December 31, 2025 and December 31, 2024 respectively | 278,347 | 270,691 | — | |
| Additional paid in capital | 356 | 347 | — | |
| (Accumulated deficit) retained earnings | −45 | −9 | — | |
| Total stockholders equity | 311 | 338 | — | |
| Total liabilities and stockholders equity | 478 | 508 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Depreciation and amortization expense | 88,321 | 5,388 | — | — | |
| Interest income | −31,866 | −24,466 | −2,488 | −3,488 | |
| Deferred income tax expense (benefit) | −8 | −1 | 857,541 | 2 | |
| Income tax receivable | −1 | — | — | — | |
| Payment of finance fees | — | −386,825 | — | — | |
| Cash paid for taxes | 1 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Proficient Auto Logistics, Inc's CIK number?
Proficient Auto Logistics, Inc's SEC CIK number is 0001998768 (1998768). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Proficient Auto Logistics, Inc's SEC filings?
All of Proficient Auto Logistics, Inc's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Proficient Auto Logistics, Inc last report earnings?
Proficient Auto Logistics, Inc (PAL) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-053365). This is Proficient Auto Logistics, Inc's most recent earnings filing of record — not a forecast of its next earnings date.
What is Proficient Auto Logistics, Inc's most recent earnings 8-K?
Proficient Auto Logistics, Inc's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001213900-26-053365. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Proficient Auto Logistics, Inc's latest earnings 8-K →
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