GlobeNewswire·Nov 7, 2025, 4:10 PM ET

Cheetah Net Supply Chain Service Inc. Announces Third Quarter 2025 Results

CTNT

Cheetah Net Supply Chain Service Inc. reported Q3 2025 revenue of $361,935, a 491.3% increase year-over-year, driven by its logistics & warehousing segment.
The company recorded a net loss of $1,314,650 for Q3 2025, a 15.0% decrease compared to the same period in 2024.
Operating loss included a $731,307 impairment charge on intangible assets & goodwill related to the Edward Transit Express Group acquisition.
Revenue composition for Q3 2025 consisted of $41,935 (11.6%) from Edward & $320,000 (88.4%) from TW & EW Services Inc. (TWEW).
Revenue from Edward decreased 31.5% to $41,935 in Q3 2025 due to lingering U.S.-China trade war impacts & reduced shipment volumes.
General & administrative expenses fell 27.3% to $801,263 in Q3 2025, primarily due to staff optimization, reduced recruiting costs, & lower legal fees.
Share-based compensation expenses dropped 70.9% to $76,087 in Q3 2025, while interest income surged 176.7% to $244,776.
For the nine months ended September 30, 2025, total revenue reached $1,195,860, with cost of revenue rising 787.9% to $1,060,526 largely due to TWEW contributions.
Nine-month net loss from continuing operations was $2,581,087, compared to $1,710,581 in the same 2024 period.
Discontinued parallel-import vehicle operations generated no revenue or costs in Q3 2025, contrasting with $1.6 million revenue in the nine-month 2024 period.
As of September 30, 2025, current assets totaled $9.7 million, including $8.3 million in loan receivables, while total stockholders' equity stood at $10.1 million.
Management expects revenue from the logistics & warehousing section to remain pessimistic for the remainder of 2025 due to ongoing trade tensions & uncertain market conditions.
The company reported net cash provided by operating activities of $733,783 for the nine months ended September 30, 2025, while investing activities used $2.2 million.