Forensic Analysis · Transportation / Logistics · as of Nov 9, 2026

Proficient Auto Logistics, Inc (PAL)

A forensic read on Proficient Auto Logistics, Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Forensic signals

-11.1%

ROE

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Proficient Auto Logistics, Inc earns a D (Weak — demands caution) forensic quality grade. 2 forensic signals were flagged in its latest SEC filings, led by share-count dilution.

What the filings flag

+53.7%/yr

FY2024–FY2025

Share-count dilution. Basic share count changed +54% over the last 1 year to FY2025 (+53.7%/yr). The count is growing — 17.9M shares in FY2024, 27.6M in FY2025: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~53.7% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~35%.

$26M

FY2025

Goodwill impairments. Took $26M of goodwill writedowns across 1 year (FY2025 ($26M)). Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Return on Equity-11.1%

Debt / Equity0.24x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

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