COVENANT LOGISTICS GROUP, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $8.5M | $4.4M | $-18.3M | $9.1M | $9.8M | $6.6M | $6.7M | $13.0M |
| Depreciation & Amortization | $22.8M | $24.0M | $24.9M | $23.0M | $23.1M | $21.8M | $22.1M | $21.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $3.0M | $3.0M | $3.0M | $2.7M | $2.7M | $2.4M | $2.4M | $2.4M |
| Stock-Based Compensation | $228.0K | $934.0K | $574.0K | $1.1M | $920.0K | $1.0M | $991.0K | $988.0K |
| Net Cash from Operating Activities | $-10.9M | $29.0M | $25.5M | $41.4M | $21.9M | $24.8M | $21.9M | $56.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $33.8M | $11.4M | $28.5M | $49.2M | $36.4M | $33.4M | $21.5M | $32.6M |
| Business Acquisitions | — | — | $27.1M | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing Activities | $-25.0M | $24.2M | $-50.9M | $-35.7M | $-29.4M | $-24.1M | $-3.5M | $-17.7M |
| Financing Activities | ||||||||
| Dividends Paid | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M | $1.9M | $1.5M | $1.5M |
| Stock Repurchases | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Financing Activities | $27.2M | $-46.9M | $27.6M | $-3.2M | $-3.6M | $-25.1M | $-18.0M | $-5.2M |
| Net Change in Cash | $-8.6M | $6.3M | $2.3M | $2.5M | $-11.1M | $-24.4M | $422.0K | $33.9M |
| Free Cash Flow | $-44.7M | $17.6M | $-3.0M | $-7.8M | $-14.5M | $-8.6M | $464.0K | $24.3M |