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Proficient Auto Logistics (PAL) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · Proficient Auto Logistics (PAL) Q2 2026 earnings results →
Q2 2026 Revenue down 5% year over year to $109M · 4¢ of every $1 of revenue lost · operating margin -3.0%
Proficient Auto Logistics made $109M in Q2 2026 (-5% Y/Y): Revenue, before fuel surcharge $96.0M, Fuel surcharge and other reimbursements $11.3M, Lease revenue $1.3M. Operating margin -3.0%, net loss $3.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $109.4M in Q2 2026, down 5% year over year and up 17% from the previous quarter. Revenue, before fuel surcharge was the largest line at 88% of revenue. Revenue, before fuel surcharge lost $11.4M year over year (down 11%), 185% of the total change.
Operating costs exceeded revenue by $3.2M, an operating margin of -3.0%. Total costs fell 2% while revenue fell 5%. The quarter ended with a net loss of $3.9M, narrower than the previous quarter's $6.5M loss.
Operating cash flow was −$1.3M. Non-cash charges added back $9.6M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $8.3M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$3.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $109M | -5% | -3.0% | −$3.9M | −$1.3M |
| Q1 2026 | 10-Q | May 14, 2026 | $93.7M | -2% | -7.4% | −$6.5M | $2.0M |
| Q2 2025 | 10-Q | Aug 14, 2025 | $116M | — | 0.1% | −$1.6M | $11.6M |
| Q1 2025 | 10-Q | May 14, 2025 | $95.2M | — | -2.5% | −$3.2M | $1.6M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Proficient Auto Logistics
We are a leading specialized freight company focused on providing auto transportation and logistics services. Formed in connection with the IPO through the combination of five industry-leading operating companies, we operate one of the largest auto transportation fleets in North America with an operating fleet with approximately 800 owned assets and employing 825 dedicated employees as of December 31, 2025. From our 57 strategically located facilities across the United States, we offer a broad range of auto transportation and logistics services, primarily focused on transporting finished vehicles from automotive production facilities, marine ports of entry or regional rail yards to auto dealerships around the country.
In its own words, from its 10-K, filed Mar 31, 2026.
Proficient Auto Logistics against its Transportation Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -5% against the peers' median +12%. Operating margin: -3.0% against the peers' median 3.8%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PAL Proficient Auto Logistics | Q2 2026 | $109M | -5% | -3.0% |
| BKNG Booking Holdings | Q3 2026 | $8.9B | -1% | 38.4% |
| EXPE Expedia Group | Q3 2026 | $4.9B | +12% | 26.9% |
| GXO GXO Logistics | Q3 2026 | $3.6B | +6% | 2.7% |
| XPO XPO | Q3 2026 | $2.4B | +12% | 12.1% |
| RXO RXO | Q3 2026 | $1.9B | +32% | 0.9% |
| GMRS GMR Solutions | Q2 2026 | $1.5B | +3% | 3.8% |
| GBTG Global Business Travel Group | Q2 2026 | $870M | +38% | 2.8% |
| GATX Gatx | Q3 2026 | $598M | +36% | 32.2% |
Source: Proficient Auto Logistics 10-Q on SEC EDGAR · CIK 1998768 · Transportation Services
13F: who owns PAL and who is buying
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q2 2025 results · Q1 2025 results