Covenant Logistics Group, Inc. (CVLG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	1.2B	1.2B	1.1B	1.1B	1.2B
Cost of Revenue	1.1B	1.1B	941.8M	939.4M	1.0B
Gross Profit	131.6M	93.3M	189.6M	164.2M	186.0M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	102.4M	65.6M	131.3M	104.6M	93.7M
General & Admin Expense	71.9M	—	131.3M	104.6M	93.7M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	12.3M	13.8M	13.6M	824.0K	11.9M
Total Operating Expenses	114.7M	79.3M	144.9M	105.4M	105.6M
Cost and Expenses	1.2B	1.2B	1.1B	1.0B	1.1B
Operating Income (EBIT)	16.9M	14.0M	44.8M	58.8M	80.4M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	13.6M	12.1M	13.6M	8.0M	3.1M
Net Interest Income	(13.6M)	(12.1M)	(13.6M)	(8.0M)	(3.1M)
Other Non-Op Income/Expense	(16.0M)	(8.4M)	1.1M	13.4M	62.4M
Non-Operating Income (excl Interest)	10.7M	(3.7M)	(14.7M)	(21.4M)	(65.5M)
EBT (Pre-Tax Income)	892.0K	5.6M	45.9M	72.2M	142.8M
Income Tax Expense	(70.0K)	1.2M	10.6M	17.6M	34.9M
Bottom Line
Net Income	3.8M	7.2M	35.9M	55.2M	108.7M
Earnings from Cont. Ops	962.0K	4.4M	35.3M	54.6M	107.9M
Earnings from Discont. Ops	2.8M	2.8M	600.0K	600.0K	—
Bottom Line Net Income	3.8M	7.2M	35.9M	55.2M	108.7M
Per Share
Basic EPS	$0.15	$0.28	$1.37	$2.12	$3.62
Diluted EPS	$0.10	$0.27	$1.30	$2.00	$3.50
Revenue Per Share	$49.00	$46.56	$43.01	$42.29	$40.55
Shares
Basic Shares Outstanding	25.1M	25.0M	26.3M	26.1M	30.0M
Diluted Shares Outstanding	26.5M	25.0M	27.7M	27.7M	31.0M
Profitability Metrics
EBITDA	100.8M	116.9M	146.0M	150.2M	203.4M
D&A	94.6M	99.2M	86.5M	69.9M	57.5M
EBIT	6.2M	17.6M	59.5M	80.2M	145.9M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026