PAMT Corp filed its Form 10-Q with the SEC for the quarterly period ended June 30, 2026, reporting continued operating losses and a decline in cash and total assets from year-end 2025 levels.

Key Highlights

  • Net loss of $7,452 thousand for the six months ended June 30, 2026, compared to a net loss of $17,770 thousand in the same period of 2025.
  • Total operating revenues of $306,532 thousand for the six months ended June 30, 2026, essentially flat against $306,475 thousand in the prior-year period.
  • Operating loss of $10,679 thousand for the six-month period, narrowed from an operating loss of $20,261 thousand in the first half of 2025.
  • Cash and cash equivalents fell to $18,210 thousand at June 30, 2026, from $35,234 thousand at December 31, 2025.
  • Total assets of $670,331 thousand at June 30, 2026, down from $697,912 thousand at December 31, 2025.
  • Gain on sale or disposition of assets of $15,702 thousand was recorded for the six months ended June 30, 2026, compared to $7,428 thousand in the same period of 2025.
  • 20,942,257 shares of common stock outstanding as of July 20, 2026.

PAMT Corp Financial Results and Balance Sheet Position for the First Half of 2026

According to the filing, PAMT Corp (NASDAQ Global Market: PAMT) reported a net loss of $7,444 thousand for the three months ended June 30, 2026, compared to a net loss of $9,627 thousand for the same quarter of 2025. For the six-month period, the company disclosed a net loss of $7,452 thousand, an improvement from the $17,770 thousand net loss recorded in the first half of 2025. Basic and diluted loss per common share for the six months ended June 30, 2026 were each $(0.36), compared to $(0.83) for the same period in 2025.

Total operating revenues for the second quarter of 2026 were $164,652 thousand, up from $151,134 thousand in Q2 2025, the filing disclosed. Revenue before fuel surcharge was $136,894 thousand for Q2 2026, while fuel surcharge revenue was $27,758 thousand. On the expense side, insurance and claims rose to $8,738 thousand in Q2 2026 from $5,167 thousand in Q2 2025, according to the filing. The gain on sale or disposition of assets was $556 thousand for Q2 2026, compared to $4,414 thousand in Q2 2025.

The condensed consolidated balance sheet showed total stockholders' equity of $203,090 thousand at June 30, 2026, down from $210,484 thousand at December 31, 2025, the filing reported. Net cash used in operating activities was $(16,709) thousand for the six months ended June 30, 2026, compared to net cash provided by operating activities of $17,206 thousand in the same period of 2025. The company disclosed net cash provided by investing activities of $47,347 thousand, largely driven by $47,747 thousand in proceeds from the sale or disposition of assets. Long-term debt, less current portion, stood at $268,230 thousand at June 30, 2026, according to the filing.

What Was Disclosed

PAMT Corp disclosed its unaudited condensed consolidated financial results for the six months ended June 30, 2026, including an operating loss, a decline in cash and total assets from year-end 2025, and gains on asset dispositions that partially offset operating costs.