The financials
Covenant Logistics Group, Inc. by the numbers
Covenant Logistics Group, Inc. (CVLG) reported revenue of $333M in Q2 2026 (quarter ended June 30, 2026), up 9.9% from the same quarter a year earlier. That came with net income of $8.5M (2.6% of revenue). For the full year FY2025, revenue was $1.16B (+2.9% year on year) and net income $7.2M. Its largest segment in 2026-Q1 was Dedicated at $91M, 32.4% of the disclosed total, just ahead of Managed Freight at 32.3%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $333M | $303M | +9.9% |
| Operating income | $8.8M | $12M | −24% |
| Net income | $8.5M | $9.8M | −13% |
| Diluted EPS | $0.32 | $0.36 | −11% |
| Operating | Revenue | Share |
|---|---|---|
| Dedicated | $91M | 32% |
| Managed Freight | $91M | 32% |
| Expedited | $72M | 26% |
| Warehousing | $28M | 9.8% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q1 2026Total $281.3M (+4.7%)
Managed Freight grew +60% year on yearExpedited -10% year on year
Segment Latestquarter on quarteryear on year
- Dedicated$91.1M$91.1MQoQ -0.56%year on year +11%-0.56%+11%
- Managed Freight$90.7M$90.7MQoQ +26%year on year +60%+26%+60%
- Expedited$71.9M$71.9MQoQ -10%year on year -10%-10%-10%
- Warehousing$27.6M$27.6MQoQ +11%year on year +15%+11%+15%
- Highway Services--QoQ -year on year ---