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PAMT

Pamt Corp.

PAMT

Pamt Corp. • NASDAQ
$8.98 ▼ -1.10% (-0.10)
Market Cap $187.92 M
52w High $19.37
52w Low $8.90
Dividend Yield 0%
P/E -3.54
Volume 7.55K
Outstanding Shares 20.93M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $150.264M ▼ $4.822M ▼ $-5.587M ▲ -3.718% ▲ $-0.26 ▲ $16.622M ▲
Q2-2025 $151.134M ▼ $4.986M ▼ $-9.627M ▼ -6.37% ▼ $-0.44 ▼ $12.913M ▼
Q1-2025 $155.342M ▼ $6.766M ▼ $-8.142M ▲ -5.241% ▲ $-0.37 ▲ $15.889M ▲
Q4-2024 $166.53M ▼ $18.252M ▲ $-31.578M ▼ -18.962% ▼ $-1.45 ▼ $6.758M ▼
Q3-2024 $182.577M $9.68M $2.412M 1.321% $0.11 $23.794M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $115.562M ▼ $715.247M ▲ $475.735M ▲ $239.512M ▼
Q2-2025 $117.299M ▲ $707.867M ▼ $462.953M ▲ $244.914M ▼
Q1-2025 $102.656M ▼ $712.641M ▼ $443.046M ▼ $269.595M ▼
Q4-2024 $110.68M ▲ $741.654M ▼ $464.146M ▲ $277.508M ▼
Q3-2024 $92.283M $756.742M $447.828M $308.914M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-9.628M ▼ $12.21M ▲ $7.333M ▲ $-7.7M ▲ $11.843M ▲ $5.862M ▲
Q1-2025 $-8.142M ▲ $4.996M ▼ $360K ▲ $-16.344M ▼ $-10.988M ▼ $-6.805M ▲
Q4-2024 $-31.578M ▼ $15.249M ▼ $-45.256M ▼ $49.989M ▲ $19.982M ▲ $-39.933M ▼
Q3-2024 $2.412M ▲ $15.522M ▼ $-38.828M ▼ $-600K ▲ $-23.906M ▼ $-33.614M ▼
Q2-2024 $-2.91M $18.685M $-6.301M $-20.366M $-7.982M $4.068M

Five-Year Company Overview

Income Statement

Income Statement Revenue grew steadily from the pandemic period through 2022, but has since slipped, suggesting a softer freight environment or pricing pressure. Profitability has clearly weakened: gross profit has narrowed, operating income has swung from a modest profit to a loss, and net income has turned negative in the most recent year. EBITDA remains positive, which means the core operations still generate earnings before heavier costs, but that cushion is thinner than it was. Overall, the income statement shows a company moving from recovery and decent profitability into a more challenging phase with shrinking margins and recent losses.

Balance Sheet

Balance Sheet The balance sheet looks fairly stable in size, with total assets and equity slowly building over several years, which hints at some underlying strengthening of the company’s base. Debt sits at a moderate level and has ticked up recently, so leverage is not extreme but is moving in the wrong direction if profits stay weak. Cash on hand is relatively limited and has not grown meaningfully, which reduces flexibility if conditions stay tough. In short, the balance sheet is not distressed, but there is not a lot of excess cushion and the room for error is narrowing as earnings soften.

Cash Flow

Cash Flow Operating cash flow has been consistently positive, even in weaker earnings years, which is a notable strength and suggests the underlying business still throws off cash. Historically, free cash flow was positive, but the most recent year flipped negative because the company stepped up its capital spending. This points to a year of heavier reinvestment, likely into equipment or systems, that absorbs more cash in the short term. As a result, the cash flow profile has shifted from steady surplus to a more finely balanced position where continued operating strength is important to fund both debt and investment needs.

Competitive Edge

Competitive Edge Pamt operates in a highly competitive, cyclical trucking and logistics market, but it has some meaningful advantages. It runs a sizable fleet and an established network spanning the U.S., Mexico, and Canada, with particular strength in cross‑border freight via key Texas gateways. Its mix of asset‑based trucking and brokerage/logistics services gives it flexibility to serve different types of customers and freight needs. These are solid foundations, yet the broader backdrop is challenging: freight markets have been weaker, larger rivals are investing heavily in technology, and Pamt’s recent losses suggest its competitive strengths are being tested by pricing, volume, or cost pressure.

Innovation and R&D

Innovation and R&D The company leans on practical, operations-focused technology rather than splashy, breakthrough innovation. It uses in‑cab mobile devices and real‑time data to track trucks, manage routes, and give customers better shipment visibility—tools that help utilization and service quality. Fleet modernization and efficiency remain ongoing themes. However, public information does not show a detailed, forward‑looking innovation roadmap, and there is limited evidence of deeper investments in areas like advanced automation, AI‑driven optimization, or differentiated digital platforms. With leadership changes and financial pressure, there appears to be a transition period where innovation is more about tightening operations than reimagining the business model.

Summary

Pamt today looks like a solid, mid‑scale trucking and logistics operator under pressure. The business enjoyed a period of rising revenue and decent profitability coming out of the pandemic, but more recently has faced falling revenue, thinner margins, and a shift into losses. Its balance sheet is workable but not plush, and a heavier investment year has turned free cash flow negative, raising the importance of restoring earnings. Strategically, the company benefits from a broad North American network, cross‑border expertise, and a hybrid trucking‑plus‑brokerage model, supported by practical real‑time data tools. At the same time, the industry is moving quickly toward more advanced technology and integrated logistics solutions, and Pamt’s future path—especially under new leadership—will likely hinge on whether it can both regain profitability and articulate a clear, forward‑looking innovation and growth strategy.

NEWS

October 28, 2025 · 4:15 PM UTC

PAMT CORP Announces Results for the Third Quarter Ended September 30, 2025

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