PAMT CORP 2026年季度报告

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjecttothe filing requirements for the past 90 days. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files.)Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging Accelerated filer☑Smaller reporting compan If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Yes☑ PAMT CORPForm 10-QFor the Quarter Ended March 31, 2026 Part I. Financial Information Item 1.Financial Statements (unaudited). 3 Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 20253Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 20254Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 20255Condensed Consolidated Statement of Stockholders’Equity for the Three Months Ended March 31, 2026 and 20256Notes to Condensed Consolidated Financial Statements as of March 31, 20267 Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations. Item 3.Quantitative and Qualitative Disclosures about Market Risk. Item 4.Controls and Procedures. Part II. Other Information Item 1.Legal Proceedings. Item1A.Risk Factors.22 Item 5.Other Information.23 Item 6.Exhibits.24 PAMT CORP AND SUBSIDIARIESCondensed Consolidated Statements of Stockholders’Equity(unaudited) PAMT CORP AND SUBSIDIARIESNotes to Condensed Consolidated Financial Statements (unaudited)March 31, 2026 NOTE A: BASIS OF PRESENTATIONIn accordance with generally accepted accounting principles (“GAAP”) and applicable rules of the Securities and Exchange Commission, the information reported in this Quarterly Report on Form 10-Q for PAMT CORP and its legally distinct subsidiaries, unless otherwise indicated, ispresented on a consolidated basis. Unless the context otherwise requires, all references in this Quarterly Report on Form 10-Q to the “Company,” The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financialinformation and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information andfootnotes required by generally accepted accounting principles for complete financial statements. In management’s opinion, all adjustments(consisting of normal recurring adjustments) necessary for a fair presentation have been included. The consolidated balance sheet at December31, 2025 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by NOTE B: RECENT ACCOUNTING PRONOUNCEMENTSIn November 2024, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2024-03 (“ASU 2024-03”),Disaggregation of Income Statement Expenses. ASU 2024-03 was issued to enhance the transparency of financial reporting byrequiring public business entities to provide more detailed disclosures about certain operating expenses. The guidance is effective for annualreporting periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption The Company considered the applicability and impact of the above-referenced ASU and all other accounting standard updates issued by theFinancial Accounting Standards Board to the Accounting Standards Codification (“ASC”) and determined there are not any ASUs that have not NOTE C: REVENUE RECOGNITIONThe Company has a single performance obligation to transport our customers’ freight from a specified origin to a specified destination. The Company has the discretion to choose to self-transport or to arrange for alternate transportation to fulfill the performance obligation. Where theCompany decides to self-transport the freight, the Company classifies the service as truckload services, and where the Company arranges foralternate transportation of the freight, the Company classifies the service as brokerage and logistics services. In either case, the Company is paid a Company revenue is g