Short answer
COVENANT LOGISTICS GROUP, INC. (CVLG) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $297M (up 3.1% year over year) with net income of $9M.
Q3 2025 key financials · XBRL
- Revenue
- $297M
- +3.1% YoY · −2.0% QoQ
- Net income
- $9M
- −30.2% YoY · −7.6% QoQ
- Operating margin
- 2.7%
- EPS (diluted)
- $0.34
- −63.8% YoY · −5.6% QoQ
Source: XBRL data from the COVENANT LOGISTICS GROUP, INC. (CVLG) Q3 2025 10-Q on SEC EDGAR. USD.
COVENANT LOGISTICS GROUP, INC. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $296.9M, up 3.1% YoY; freight revenue $268.8M, up 4.0%
- GAAP operating margin 2.7% vs 5.6% YoY; adjusted margin 5.6% vs 7.5%
- Dedicated best performer, freight revenue up $8.9M; Expedited weakest, down $7.2M
- Net debt increased $48.7M to $268.3M; stock repurchases $36.2M and dividends $1.8M
- Outlook: TEL profits pressured by credit losses, government shutdown, higher claims, and Managed Freight customer loss
Risk Factors
- Risk Factors section not provided in submitted text
- Financing risk: cash dividends limited by Credit Facility covenants
- Capital allocation risk: $13.8 million remaining under $50.0 million repurchase authorization
- Liquidity risk: $5.4 million distributed through dividends during first nine months of 2025
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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