Filing Flows › Covenant Logistics Group (CVLG) › Q3 2026
Covenant Logistics Group (CVLG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Covenant Logistics Group (CVLG) reported revenue of $354M for the third quarter 2026 (Q3 2026), +19% from a year earlier and +6% from the quarter before. Operating margin was 3.5%, net earnings $10.7M (3.0% of revenue).
Covenant Logistics Group, Q3 2026: revenue $354M (+19% year over year), operating margin 3.5%, net earnings $10.7M, operating cash flow $26.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $354M | +6% | +19% |
| Operating profit | $12.5M | +41% | +58% |
| Net earnings | $10.7M | +25% | +18% |
| Operating cash flow | $26.7M | — | -35% |
What changed
Revenue was $353.9M in Q3 2026, up 19% year over year and up 6% from the previous quarter. Cargo and Freight was the largest line at 89% of revenue. Cargo and Freight added $46.2M year over year (up 17%), 81% of the total change.
Operating profit was $12.5M, a 3.5% margin (up 0.9 points year over year). Of the extra revenue versus Q3 2025, 8% reached operating profit, above the 3% margin then. Total costs grew 18% against revenue growth of 19%. Net earnings were $10.7M, up 18% year over year. The effective tax rate was 25.1%.
Operating cash flow was $26.7M (down 35% year over year), 250% of net earnings. Non-cash charges added back $23.5M of depreciation and amortization and $632K of share-based compensation. Working capital and other items used $8.0M. Capital expenditures of $33.9M exceeded it, leaving free cash flow of −$7.1M.
Questions
What was Covenant Logistics Group's revenue in the third quarter 2026?
Covenant Logistics Group (CVLG) reported revenue of $354M for the third quarter 2026 (Q3 2026), +19% from a year earlier and +6% from the quarter before.
Was Covenant Logistics Group profitable in the third quarter 2026?
Operating profit was $12.5M (3.5% of revenue) and net earnings $10.7M.