Filing Flows › Covenant Logistics Group (CVLG) › Q2 2026
Covenant Logistics Group (CVLG) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Covenant Logistics Group (CVLG) reported revenue of $333M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +8% from the quarter before. Operating margin was 2.7%, net earnings $8.5M (2.6% of revenue).
Covenant Logistics Group, Q2 2026: revenue $333M (+10% year over year), operating margin 2.7%, net earnings $8.5M, operating cash flow −$10.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $333M | +8% | +10% |
| Operating profit | $8.8M | +41% | -24% |
| Net earnings | $8.5M | +93% | -13% |
| Operating cash flow | −$10.9M | -137% | -150% |
What changed
Revenue was $332.9M in Q2 2026, up 10% year over year and up 8% from the previous quarter. Cargo and Freight was the largest line at 89% of revenue. Cargo and Freight added $18.2M year over year (up 7%), 60% of the total change.
Operating profit was $8.8M, a 2.7% margin (down 1.2 points year over year). Operating profit fell $2.7M even though revenue rose $30.0M versus Q2 2025, so costs grew faster than sales. Total costs grew 11% against revenue growth of 10%. Net earnings were $8.5M, down 13% year over year. The effective tax rate was 23.3%. Non-operating items added $2.3M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$10.9M. Non-cash charges added back $22.8M of depreciation and amortization and $228K of share-based compensation. Working capital and other items used $42.4M. Capital expenditures of $33.8M exceeded it, leaving free cash flow of −$44.7M.
Questions
What was Covenant Logistics Group's revenue in the second quarter 2026?
Covenant Logistics Group (CVLG) reported revenue of $333M for the second quarter 2026 (Q2 2026), +10% from a year earlier and +8% from the quarter before.
Was Covenant Logistics Group profitable in the second quarter 2026?
Operating profit was $8.8M (2.7% of revenue) and net earnings $8.5M.