Proficient Auto Logistics, Inc (PAL) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
10057 103RD STREET JACKSONVILLE, FL 32210 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 47 - Transportation Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 250 | 16,848 | 76 | |||||
| Cash and cash equivalent | 250 | 16,848 | 76 | |||||
| Net investment in lease, before allowance for credit loss | 276 | 18 | ||||||
| Receivables | (224) | 38,672 | 12,000 | 35 | ||||
| Prepaid expense | 7,879 | 5,079 | ||||||
| Asset, held-for-sale, not part of disposal group | 506 | |||||||
| Other current assets | 2,181 | |||||||
| Other undisclosed current assets | 8,370 | |||||||
| Total current assets: | (224) | 10,310 | 69,752 | 12,018 | 111 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 10,995 | |||||||
| Net investment in lease, before allowance for credit loss | 235 | |||||||
| Property, plant and equipment | 122,637 | 129,068 | 113,988 | |||||
| Intangible assets, net (including goodwill) | 130,075 | 132,491 | 282,999 | 241,252 | ||||
| Goodwill | 148,093 | 127,428 | ||||||
| Intangible assets, net (excluding goodwill) | 130,075 | 132,491 | 134,906 | 113,824 | ||||
| Deposits noncurrent assets | 4,758 | |||||||
| Deferred costs | 5,065 | |||||||
| Other noncurrent assets | 428 | |||||||
| Total noncurrent assets: | 130,075 | 255,127 | 428,483 | 355,240 | 5,065 | |||
| TOTAL ASSETS: | 129,851 | 265,437 | 498,235 | 367,258 | 5,176 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 33,588 | 5,097 | ||||||
| Accounts payable | 10,229 | 5,097 | ||||||
| Accrued liabilities | 23,359 | |||||||
| Debt | 18,814 | |||||||
| Other undisclosed current liabilities | 3,333 | |||||||
| Total current liabilities: | 55,734 | 5,097 | ||||||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 45,320 | 52,433 | ||||||
| Long-term debt, excluding current maturities | 45,288 | 52,433 | ||||||
| Finance lease, liability | 32 | |||||||
| Liabilities, other than long-term debt | 49,206 | |||||||
| Deferred revenue | 39,448 | |||||||
| Other liabilities | 409 | |||||||
| Operating lease, liability | 9,349 | |||||||
| Other undisclosed noncurrent liabilities | 9,500 | |||||||
| Total noncurrent liabilities: | 104,026 | 52,433 | ||||||
| Total liabilities: | 159,760 | 52,433 | 5,097 | |||||
| Equity | ||||||||
| Equity, attributable to parent | 338,475 | 79 | ||||||
| Common stock | 270 | 29 | ||||||
| Additional paid in capital | 344,004 | 933 | ||||||
| Accumulated deficit | (5,800) | (883) | ||||||
| Total equity: | 338,475 | 79 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 498,235 | 52,433 | 5,176 | |||||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | ||
|---|---|---|---|---|---|---|---|
| Revenues | (147,414) | 91,506 | |||||
| Cost of revenue | (642) | ||||||
| Gross profit: | (148,056) | 91,506 | |||||
| Operating expenses | (1,316) | 149,079 | (93,691) | (310) | |||
| Other undisclosed operating loss | (115) | ||||||
| Operating income (loss): | (1,316) | 907 | (2,186) | (310) | |||
| Nonoperating income (expense) | (20) | 492 | |||||
| Other nonoperating expense | (146) | ||||||
| Interest and debt expense | (1,407) | ||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2,047 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,316) | 2,935 | (3,100) | (310) | |||
| Other undisclosed income (loss) from continuing operations before income taxes | (2,047) | 1,407 | |||||
| Income (loss) from continuing operations before income taxes: | (1,316) | 888 | (1,693) | (310) | |||
| Income tax expense (benefit) | 1,388 | 328 | (471) | ||||
| Net income (loss): | (1,316) | 2,276 | (1,365) | (471) | (310) | ||
| Other undisclosed net income (loss) attributable to parent | (5,524) | (3,081) | |||||
| Net loss available to common stockholders, diluted: | (1,316) | (3,248) | (1,365) | (3,552) | (310) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,316) | 2,276 | (1,365) | (471) | (310) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,316) | 2,276 | (1,365) | (471) | (310) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.