Cheetah Net reported revenue of $1,288,536 for the year ended December 31, 2025, up 182.7% from $455,805 in 2024, and recognized other income of $945,789, primarily from $924,224 of interest income. The company recorded an operating loss of $4,579,576 versus $3,740,546 a year earlier and a net loss of $3,649,703 after a $15,916 tax provision.

TW & EW Services Inc. generated $1,073,726 in 2025, accounting for 83.3% of total revenue thanks to a full year of operations, while Edward Transit Express Group contributed $214,810, down 32.2% from 2024 due to ongoing U.S.-China trade uncertainties and reduced shipment volumes.

Cost of revenue rose to $1,121,761 as labor and freight costs increased with expanded operations, pushing gross profit down 6.6% to $166,775. General and administrative expenses remained near prior-year levels at $3,627,426, while a $731,307 impairment of intangible assets and goodwill and a 39.8% rise in share-based compensation drove overall losses higher.

Management emphasized its focus on improving operational efficiency and maintaining financial discipline in a challenging global trade environment. The company will continue exploring strategic partnerships, investments or acquisitions to complement its logistics and warehousing capabilities and support long-term growth.