Shengfeng Development Limited SFWL
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $572.48M, +13.6% YoY · Filed Mar 27, 2026
Shengfeng Development Limited (SFWL) files with the SEC under industry code 4210, Trucking & Courier Services (No Air). In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $572.5 million and net income of $11.9 million. Free cash flow was -$2.9 million. As of Dec 31, 2025 it held $88.8 million in cash and investments and $130.7 million in total debt.
Revenue
$572.48M
+13.6% vs prior year
Net income
$11.93M
+9.6% vs prior year
Operating cash flow
$16.10M
+7.3% vs prior year
Free cash flow
$-2.88M
+80.1% vs prior year
EPS
$0.13
+30.0% vs prior year
Dividend per share
None
Shares outstanding
—
Net cash
$-41.91M
FY 2025
Operating margin
2.9%
FY 2025
Company profile
- Industry
- Trucking & Courier Services (No Air) (SIC 4210)
- Listed as
- SFWL (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Fuzhou City, China
- SEC filer status
- Non-accelerated filer, Emerging growth company
- SEC CIK
- 1863218
Other Trucking & Courier Services (No Air) companies
- United Parcel Service Inc UPS
- ZTO Express (Cayman) Inc. ZTO
- TFI International Inc. TFII
- BingEx Ltd FLX
- Elite Express Holding Inc. ETS
- Toppoint Holdings Inc. TOPP
- Haoxin Holdings Ltd HXHX
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Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $572.5M | $504.2M | $404.1M | $370.3M |
| Operating income | $16.9M | $14.7M | $13.9M | $9.8M |
| Net income | $11.9M | $10.9M | — | — |
| Diluted EPS | — | — | $0.13 | $0.10 |
| Operating cash flow | $16.1M | $15.0M | $14.1M | $4.8M |
| Free cash flow | -$2.9M | -$14.5M | $3.4M | -$2.1M |
| Total assets | $347.0M | $310.1M | $265.8M | $245.3M |
| Total liabilities | $208.1M | $186.7M | $153.5M | $150.2M |
| Stockholders' equity | $131.9M | $117.1M | $107.9M | $91.2M |
| Cash and investments | $88.8M | $76.0M | $28.6M | $23.3M |
| Total debt | $130.7M | $104.1M | $53.3M | $58.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Sep 15, 2026 | Jun 30, 2026 |
| 6-K | Current report (foreign issuer) | Sep 2, 2026 | Sep 2, 2026 |
| 6-K | Current report (foreign issuer) | Aug 25, 2026 | Aug 25, 2026 |
| 6-K | Current report (foreign issuer) | Jul 30, 2026 | Jul 29, 2026 |
| 6-K | Current report (foreign issuer) | Jul 29, 2026 | Jul 28, 2026 |
| 20-F | Annual report (foreign issuer) | Mar 27, 2026 | Dec 31, 2025 |
All 91 Shengfeng Development Limited SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.