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契诺物流 2025年度报告

2026-06-29 美股财报 有梦想的人不睡觉
报告封面

FORM 11-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the fiscal year endedDecember 31, 2025 OR ☐TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from___________to______________ Commission file number 001-42192 A.Full title of the plan and the address of the plan, if different from that of the issuer named below: COVENANT TRANSPORTATION GROUP401(k) & PROFIT SHARING PLAN B.Name of issuer of the securities held pursuant to the plan and the address of its principal executiveoffice: Covenant Logistics Group, Inc.400 Birmingham HighwayChattanooga, Tennessee 37419 COVENANT TRANSPORTATION GROUP 401(k)& PROFIT SHARING PLAN Table of Contents PageReport of Independent Registered Public Accounting Firm1Financial StatementsStatements of Net Assets Available for Benefits as of December 31, 2025 and 20242Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 20253Notes to Financial Statements4Supplemental ScheduleSchedule H, Line 4i –Schedule of Assets (Held at End of Year) as of December 31, 202510ExhibitExhibit 23.1 Consent of Independent Registered Public Accounting Firm –Coulter & Justus, P.CExhibit 23.1 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Plan Administrator and Plan ParticipantsCovenant Transportation Group 401(k) & Profit Sharing Plan Opinion on the Financial Statements We have audited the accompanying statements of net assets available for benefits of the Covenant Transportation Group 401(k) &Profit Sharing Plan (the “Plan”) as of December 31, 2025 and 2024, the related statement of changes in net assets available forbenefits for the year ended December 31, 2025, and the related notes and schedule (collectively referred to as the financialstatements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits ofthe Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31,2025, in conformity with accounting principles generally accepted in the United States of America. Basis for Opinion These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on thesefinancial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting OversightBoard (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federalsecurities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform theaudits to obtain reasonable assurance about whether thefinancial statements are free of material misstatement, whether due to erroror fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due toerror or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis,evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accountingprinciples used and significant estimates made by management, as well as evaluating the overall presentation of the financialstatements. We believe that our audits provide a reasonable basis for our opinion. Supplemental Information The supplemental information in the accompanying Schedule of Assets (Held at End of Year) as of December 31, 2025 has beensubjected to audit procedures performed in conjunction with the audit of the Plan's financial statements. The supplementalinformation is the responsibility of the Plan's management. Our audit procedures included determining whether the supplementalinformation reconciles to thefinancial statements or the underlying accounting and other records, as applicable, and performingprocedures to test the completeness and accuracy of the information presented in the supplemental information. In forming ouropinion on the supplemental information in the accompanying schedule, we evaluated whether the supplemental information,including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting andDisclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in theaccompanying schedule is fairly stated, in all material respects, in relation to the financial statements as a whole. /s/ Coulter & Justus, P.C. We have served as the Plan’s auditor since 2020. June 29, 2026Knoxville, Tennessee COVENANT TRANSPORTATION GROUP 401(k) & PROFIT SHARING PLANStatement of Changes in Net Assets Available for BenefitsYear Ended December31, 2025Additions:Investment income:Interes