Cheetah Net Supply Chain Service Reports 145.4% Revenue Growth and Improved Net Loss in Latest Quarter

Cheetah Net Supply Chain Service Inc. reported significant financial changes in its latest 10-Q filing for the quarter ending June 30, 2026. The company generated total revenue of $868,909 for the three months ended June 30, 2026, a 145.4% increase from $354,126 in the same period last year. For the six months, revenue rose to $961,609, up 15.3% from $833,925 in the prior year. However, the company also reported a net loss of $71,045 for the quarter, a notable improvement compared to a loss of $512,528 in the same quarter of 2025. The loss for the six months was $545,220, down from $1,266,437 in the previous year.

The financial performance reflects a strategic shift following the acquisition of Super International, which specializes in the international trading of construction machinery. This acquisition, completed on May 27, 2026, contributed significantly to the revenue growth in the international trading segment, which accounted for $660,000 of the total revenue in the latest quarter. The logistics and warehousing segment, however, saw a decline in revenue due to the disposal of Edward, which ceased operations in April 2026.

Cheetah Net's operational metrics also indicate a substantial increase in total assets, which rose to $82.5 million as of June 30, 2026, compared to $11.9 million at the end of 2025. This increase was primarily driven by a significant rise in cash and cash equivalents, which reached $2.1 million, and a loan receivable balance of $29.9 million. The company’s current liabilities were approximately $1.6 million, resulting in a working capital balance of $74.1 million.

The filing also highlighted the company's ongoing transformation and the challenges it faces, including the impact of macroeconomic conditions on customer demand and operational costs. Cheetah Net has shifted its focus from parallel-import vehicle sales to logistics and warehousing services and international trading, which may depend on effective integration of newly acquired businesses and market conditions. The company has expressed confidence in its ability to continue operations and meet obligations, supported by its current cash position and receivables.

Looking ahead, Cheetah Net aims to enhance its market presence in logistics and warehousing while expanding its international trading operations. The company is also focused on improving operational efficiencies and managing costs effectively to navigate the evolving business landscape.