PAMT CORP Sees 16.3% Revenue Decline to $598.1M, Posts $52.6M Loss
PAMT CORP reported Q4 revenues of $141.3M, down 15.1% year-over-year, incurring a GAAP operating loss of $38.1M (non-GAAP $11.6M) and a diluted loss per share of $1.40 ($0.45 adjusted). For FY2025, revenue fell 16.3% to $598.1M with a net loss of $52.6M, $2.48/share.
1. Fourth Quarter 2025 Results
PAMT CORP reported total revenues of $141.3 million for Q4 2025, down 15.1% year-over-year, with a GAAP operating loss of $38.1 million and a non-GAAP adjusted operating loss of $11.6 million. Diluted loss per share was $1.40 on a GAAP basis and $0.45 adjusted.
2. Full Year 2025 Performance
Full-year revenues declined 16.3% to $598.1 million, driving a GAAP operating loss of $64.1 million and a non-GAAP adjusted operating loss of $37.6 million. The company recorded a consolidated net loss of $52.6 million, or $2.48 per share, compared with a $31.8 million loss in 2024.
3. Liquidity and Capital Structure
As of December 31, 2025, PAMT held $143.5 million in cash, marketable securities and available credit, with stockholders’ equity of $210.5 million. Outstanding debt rose $8.3 million to $333.9 million, driven by $91.9 million of financed equipment additions, while operating cash flow totaled $17.3 million.