Cheetah Net (CTNT) Q2 Revenue Jumps 279%
Cheetah Net Supply Chain Service (NASDAQ:CTNT), a logistics provider shifting rapidly from vehicle imports to warehousing and shipping services, posted its second-quarter 2025 earnings on August 4, 2025. The most notable news was a dramatic rise in revenue to $354,126 (GAAP) in Q2 2025, up 278.9% from a year ago and far ahead of analyst estimates of $300,000. The company also reported a narrowing net loss of $512,528 for Q2 2025, an improvement compared to Q2 2024. Loss per share was $0.16 (GAAP) in Q2 2025, compared to expectations for a loss of $0.21 per share. Still, gross profit (GAAP) fell from the prior year's level, indicating margin pressure. Overall, the quarter showed rapid top-line growth (GAAP revenue increased 278.9% year-over-year), but profitability has yet to stabilize.
Source: Analyst estimates for the quarter provided by FactSet.
Cheetah Net Supply Chain Service (NASDAQ:CTNT) is in the midst of a significant transformation, moving away from its original parallel-import vehicle sales model to become a logistics and warehousing business. This pivot followed a steep drop in vehicle sales, with revenue (GAAP) from that segment declining 95.7% between the years ended December 31, 2023, and 2024. The board approved discontinuing the auto import business in March 2025, and now all reported revenue comes from logistics and warehousing.
Source Fool.com
