← SHENGFENG DEVELOPMENT Ltd
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Revenues | $287.5m |
$346.7m
+20.61%
|
$370.3m
+6.81%
|
$404.1m
+9.13%
|
$504.2m
+24.75%
|
$572.5m
+13.55%
|
$572.5m
0.00%
|
|
| Cost of revenues | ($251.5m) |
($305.4m)
-21.42%
|
($328.8m)
-7.68%
|
($357.6m)
-8.77%
|
($457.9m)
-28.04%
|
($519.4m)
-13.44%
|
$519.4m
+200.00%
|
|
| Gross profit | $36.0m |
$41.3m
+14.93%
|
$41.5m
+0.45%
|
$46.5m
+11.98%
|
$46.3m
-0.48%
|
$53.1m
+14.70%
|
$53.1m
0.00%
|
|
| Selling and marketing | ($6.1m) | ($7.7m) | ($7.4m) | ($6.7m) | ($6.0m) | ($6.0m) | $36.2m | |
| General and administrative | ($23.6m) | ($25.0m) | ($24.3m) | ($25.9m) | ($25.7m) | ($30.2m) | $30.2m | |
| Total operating expenses | ($29.8m) | ($32.8m) | ($31.7m) | ($32.6m) | ($31.6m) | ($36.2m) | $36.2m | |
| Income from operations | $6.2m |
$8.6m
+38.41%
|
$9.8m
+14.66%
|
$13.9m
+41.24%
|
$14.7m
+5.47%
|
$16.9m
+15.10%
|
$16.9m
0.00%
|
|
| Interest expense | ($2.0m) | ($2.3m) | ($2.2m) | ($1.8m) | ($2.0m) | ($2.7m) | $2.7m | |
| Interest income | $1.3m | $1.3m | $1.3m | $126k | $159k | $255k | $255k | |
| Income before income taxes | $7.6m | $8.2m | $9.4m | $12.6m | $12.5m | $14.3m | $14.3m | |
| Provision for income taxes | ($1.6m) | ($1.5m) | ($1.6m) | ($2.3m) | ($1.7m) | ($2.0m) | — | |
| Net income | $6.0m |
$6.6m
+9.95%
|
$7.8m
+17.79%
|
$10.3m
+31.71%
|
$10.8m
+5.03%
|
$12.2m
+12.76%
|
$11.9m
-2.32%
|
|
| Net income attributable to Shengfeng Development Limited’s shareholders | $6.1m | $6.9m | $7.8m | $10.3m | $10.9m | $11.9m | $11.9m | |
| Class A and Class B ordinary shares - Basic (in Shares) | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Class A and Class B ordinary shares - Diluted (in Shares) | $0 | $0 | $0 | $0 | $0 | $0 | — | |
| Other (expense) income, net | $2.1m | $559k | $532k | $371k | ($360k) | ($143k) | — | |
| Less: income (loss) attributable to non-controlling interests | ($48k) | ($254k) | $39k | $14k | ($51k) | $283k | — | |
| Foreign currency translation adjustments | — | — | — | ($1.8m) | ($1.8m) | $3.0m | — | |
| Less: comprehensive income (loss) attributable to non-controlling interests | ($15k) | ($241k) | ($188k) | ($53k) | ($134k) | $434k | — | |
| Total comprehensive income | $11.4m | $8.7m | ($558k) | $8.5m | $9.1m | $15.2m | — | |
| Total comprehensive income attributable to Shengfeng Development Limited | $11.5m | $9.0m | ($370k) | $8.5m | $9.2m | $14.8m | — |