Cheetah Net Supply Chain Service reported second-quarter 2026 revenue of $868,909 and GAAP net income of $71,045, compared with revenue of $354,126 and a net loss in the prior-year quarter. The company recorded an operating loss of $881,797 in Q2 2026 and recognized significant other income driven by foreign exchange gains. Management cited the May 27, 2026 acquisition of Super International Trading and the disposal of Edward as primary drivers of the period’s operational changes.
Financial Highlights
- Revenue: $868,909 for the three months ended June 30, 2026, up from $354,126 in Q2 2025.
- Gross profit: $19,500 for Q2 2026 (gross profit reported; corresponding gross profit for prior period was $34,900).
- Operating loss: $(881,797) for the quarter ended June 30, 2026 (operating loss was $(780,849) in Q2 2025).
- Other income, net: $954,052 for Q2 2026, primarily comprised of foreign exchange gain of $979,277 and interest income of $257,896, partially offset by loss on disposal of Edward of $297,610.
- Net income from continuing operations: $71,045 for Q2 2026; income tax provision of $1,210 recorded.
Business Highlights
- Acquisition: Completed acquisition of Super International Trading on May 27, 2026, which contributed $660,000 (76.0%) of Q2 international trading revenue.
- Segment shift: Logistics and warehousing segment reported $0 revenue in Q2 2026 due to the disposal of Edward and lower TWEW revenue driven by labor, immigration policy and market conditions.
- Disposal: Completed disposal of Edward Transit Express Group to streamline operations, reduce costs and focus resources on priority opportunities.
- Operational focus: Management is integrating and developing international trading operations while maintaining financial discipline and pursuing efficiency across the company.
- Liquidity items: As of June 30, 2026 the company held $2.14 million in cash, a working capital balance of $74.1 million, receivable from withdrawal of investment of $41.11 million, and loan receivables of approximately $29.95 million.
Original SEC Filing: CHEETAH NET SUPPLY CHAIN SERVICE INC. [ CTNT ] – 8-K – Aug. 13, 2026
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