Proficient Auto Logistics, Inc. (NASDAQ: PAL) reported a Total Operating Revenue of $430.4 million for the full year 2025, an increase of 10.7% from 2024. Adjusted Operating Income was $10.8 million, down from $19.5 million in 2024. Total Units delivered were 2,311,234, up by 16.2% from 2024.

CEO Rick O’Dell highlighted challenges faced in 2025 due to market conditions but emphasized progress in company integration and growth strategies. The Company completed several acquisitions, improved its balance sheet, and generated significant free cash flow. Adjusted Operating Ratio was 97.5% for the full year.

The Company completed several acquisitions post-IPO, including Delta Auto Transport, Auto Transport Group, Brothers Auto Transport, and others. Adjusted EBITDA for the twelve months ending December 31, 2025, was $40.2 million. The Company’s net leverage ratio was 1.5x compared to Adjusted EBITDA.

In the fourth quarter, revenue increased by $10.9 million year-over-year. A non-cash goodwill impairment charge of $27.8 million was recorded due to changes in future cashflow estimates. Adjusted Operating Ratio was 97.5% for the full year, impacted by fleet asset valuation adjustments.

The Company’s balance sheet showed $14.3 million in cash and $74.3 million in debt at the end of the fourth quarter. Net debt was around $60.0 million, resulting in a net leverage ratio of 1.5x. Total debt was reduced by $4.9 million during the quarter.

Proficient Auto Logistics operates one of the largest auto transportation fleets in North America. The Company focuses on providing auto transportation and logistics services. Non-GAAP measures like EBITDA, Adjusted EBITDA, and Adjusted Operating Income are used to assess operating performance and make strategic decisions.

Read more at GlobeNewswire: Proficient Auto Logistics Reports Fourth Quarter and Full