GlobeNewswire·Aug 13, 2026, 5:27 PM ET

Cheetah Net Supply Chain Service Inc. Announces Second Quarter 2026 Results

CTNT

Cheetah Net Supply Chain Service Inc. reported total revenue of $868,909 for the quarter ended June 30, 2026, a 145.4% increase from $354,126 in the same period in 2025.
The company recorded an operating loss of $881,797 for the quarter, representing a 12.9% increase from the $780,849 loss in the prior year period due to higher selling, general, and administrative expenses.
Net income from continuing operations for the quarter was $71,045, a significant turnaround from a net loss of $512,528 in 2025, driven primarily by $979,277 in foreign exchange gains.
The logistics and warehousing segment generated $0 revenue in Q2 2026 compared to $354,126 in 2025, attributed to the disposal of Edward Transit Express Group, Inc. and lower revenue from TWEW.
The international trading segment generated $868,909 in revenue for the quarter, including $660,000 from the acquired Super International Trading Limited, which was purchased on May 27, 2026.
General and administrative expenses for the international trading segment rose to $20,084 in Q2 2026 from $nil in 2025 due to the commencement of operations following the Super International acquisition.
For the six months ended June 30, 2026, the company reported a net loss from continuing operations of $545,220, an improvement from the $1,266,437 loss in the same period of 2025.
Liquidity concerns were highlighted with a net operating loss of approximately $1.6 million and net cash used in operating activities of $0.9 million for the six-month period.
As of June 30, 2026, the company held cash and cash equivalents of approximately $2.1 million, a working capital balance of $74.1 million, and significant receivables totaling over $71 million.
Management stated that despite current losses, existing liquidity sources and potential financing options are expected to support operations for at least 12 months from the report date.