PAMT CORP 2026年季度报告

Washington, D.C.20549 FORM 10-Q ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2026or☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 PAMT CORP(Exact name of registrant as specified in its charter) Nevada0-150771-0633135(State or other jurisdiction of incorporation ororganization)(Commission File Number)(I.R.S. Employer Identification no.) Securities registered pursuant to Section 12(b) of the Act: 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.Yes☑No☐ 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 “emerginggrowth company” in Rule12b-2 of the Exchange Act. Accelerated filer☑Smaller reporting companEmerging growth compan Large accelerated filer☐Non-accelerated filer☐ 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.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☑No☐ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: Outstanding at April 22, 202620,943,237 ClassCommon Stock, $.01 Par Value PAMT CORPForm 10-QFor the Quarter Ended March 31, 2026Table of Contents Part I. Financial Information Item 1.Financial Statements (unaudited).3Condensed 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, 20267Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.16Item 3.Quantitative and Qualitative Disclosures about Market Risk.20Item 4.Controls and Procedures.21Part II. Other InformationItem 1.Legal Proceedings.22Item1A.Risk Factors.22Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.22Item 5.Other Information.23Item 6.Exhibits.24Signatures252 PAMT CORP AND SUBSIDIARIESCondensed Consolidated Statements of Operations(unaudited)(in thousands, except per share data) PAMT CORP AND SUBSIDIARIESCondensed Consolidated Statements of Cash Flows(unaudited)(in thousands) 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,”“we,” “our,” or “us” mean PAMT CORP and its consolidated subsidiaries. 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 bygenerally accepted accounting principles for complete financial statements. Operating results for the three-month period ended March 31, 2026are not necessarily indicative of the results that may be expected for the year ending