Deteriorating operating trends with organic volume decline and widening losses suggest continued margin pressure; watch for Q2 commentary on volume recovery and fuel cost recovery. The $15M buyback is small relative to market cap and does not offset fundamental weakness.
Price Chart
Executive Summary
Proficient Auto Logistics reported Q1 2026 revenue of $93.7M, down 1.6% YoY, with net loss widening to $6.5M ($0.23 per share) from $3.2M a year ago, driven by lower organic volumes and fuel cost headwinds. Operating losses deepened and adjusted EBITDA margin halved to 4.8%, while no formal guidance was provided.
Key Financial Metrics
Key Facts
- Total operating revenue $93.7M, -1.6% YoY (Q1 2025: $95.2M)
- Net loss $6.5M vs $3.2M; EPS -$0.23 vs -$0.12
- Adjusted operating loss -$3.2M vs income +$1.2M; adjusted operating ratio 103.4% vs 98.7%
- Total units 501,850, +1.5% (but organic -4% ex-Brothers acquisition)
- Adjusted EBITDA $4.5M vs $7.8M; margin 4.8% vs 8.2%
- Share repurchase program authorized $15M; 82,877 shares bought at avg $6.25
- Net leverage 1.6x TTM Adjusted EBITDA; cash $9.8M, debt $69.1M
Financial Impact
Net loss increased from $3.2M to $6.5M YoY; adjusted EBITDA margin halved to 4.8%; operating loss widened from -$2.4M to -$6.9M
Risk Factors
- Further automotive market softness (SAAR decline)
- Fuel cost volatility and lagged surcharge recovery
- Inability to achieve operating leverage at current revenue levels
- Potential need for additional impairments or restructuring
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-053365 |
| Document: ea0289075-8k_proficient.htm | 0001213900-26-053365 |
| Document: 0001213900-26-053365-index-headers.html | 0001213900-26-053365 |
| Document: 0001213900-26-053365-index.html | 0001213900-26-053365 |
| Document: 0001213900-26-053365.txt | 0001213900-26-053365 |
| 8-K Data (Synthetic) | 0001213900-26-053365 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | Insider Cluster | $5.30 $4.01 | ▼ −24.34% | ▼ −24.35% | $3.50 (−33.96%) |
Aug 15, 2026 7w ago | Insider Cluster | $5.89 $4.86 | ▼ −17.49% | ▼ −15.51% | $3.50 (−40.58%) |
Aug 14, 2026 7w ago | 8-K | $5.50 $4.95 | ▼ −10.00% | ▼ −8.01% | $3.50 (−36.36%) |
Aug 10, 2026 7w ago | 8-K | $5.10 $5.04 | ▼ −1.18% | ▼ −0.12% | $3.50 (−31.37%) |
Aug 10, 2026 7w ago | Press Release | $5.10 $5.04 | ▼ −1.18% | ▼ −0.12% | $3.50 (−31.37%) |
Jun 1, 2026 17w ago | Press Release | $5.98 $6.58 | ▲ +10.03% | ▲ +11.60% | $3.50 (−41.47%) |
Jun 1, 2026 17w ago | 8-K | $5.98 $6.58 | ▲ +10.03% | ▲ +11.60% | $3.50 (−41.47%) |
May 15, 2026 20w ago | 144 | $5.02 $7.86 | ▲ +56.57% | ▲ +54.99% | $3.50 (−30.28%) |
May 7, 2026 21w ago | 8-K | $5.95 $6.39 | ▼ −7.39% | ▼ −7.37% | $3.50 (+41.18%) |
Apr 10, 2026 25w ago | Press Release | $7.02 $6.17 | ▼ −12.11% | ▼ −19.84% | $3.50 (−50.14%) |
US Market Status
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