Security
SFWL · SHENGFENG DEVELOPMENT Ltd
SFWLNASDAQCommon stockCurrentCIK 1863218Updated Sep 27, 2026
SFWL price & chart
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Shengfeng Development reports 1H results ↗
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 346,967,000Source | 310,130,000Source | 265,838,000Source | 245,259,000Source |
| Property, Plant and Equipment, NetUSD | 70,094,000Source | 59,968,000Source | 41,069,000Source | 40,265,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 11,213,000Source | 11,413,000Source | 12,160,000Source | 6,711,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 35,290,000Source | 34,668,000Source | 26,725,000Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 136,264,000Source | 127,300,000Source | 97,698,000Source | 89,110,000Source |
| Inventory, NetUSD | — | — | — | 9,425,000Source |
| Assets, CurrentUSD | 216,593,000Source | 205,238,000Source | 149,105,000Source | 135,697,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 22,189,000Source | 29,684,000Source | 14,537,000Source | 18,292,000Source |
| Operating Lease, Right-of-Use AssetUSD | 5,720,000Source | 9,918,000Source | 18,020,000Source | 27,880,000Source |
| Other Assets, NoncurrentUSD | 23,984,000Source | 9,686,000Source | 28,853,000Source | 14,640,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 208,104,000Source | 186,684,000Source | 153,525,000Source | 150,173,000Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | — | — | 83,762,000Source | 75,575,000Source |
| Retained Earnings (Accumulated Deficit)USD | 47,036,000Source | 36,462,000Source | 26,689,000Source | 17,275,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -6,200,000Source | -9,047,000Source | -7,366,000Source | -5,609,000Source |
| Stockholders' Equity Attributable to ParentUSD | 131,917,000Source | 117,144,000Source | 107,947,000Source | 91,223,000Source |
| Additional Paid in Capital, Common StockUSD | 83,762,000Source | 83,762,000Source | — | — |
| Liabilities and EquityUSD | 346,967,000Source | 310,130,000Source | 265,838,000Source | 245,259,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 170,613,000Source | 162,684,000Source | 136,376,000Source | 130,796,000Source |
| Operating Lease, Liability, CurrentUSD | 2,669,000Source | 4,218,000Source | 6,315,000Source | 9,634,000Source |
| Accounts Payable, CurrentUSD | 89,642,000Source | 88,734,000Source | 60,584,000Source | 57,048,000Source |
| Operating Lease, Liability, NoncurrentUSD | 2,156,000Source | 4,719,000Source | 10,899,000Source | 17,507,000Source |
| Deferred Income Tax Liabilities, NetUSD | 247,000Source | 53,000Source | — | — |
| Other Liabilities, NoncurrentUSD | 1,256,000Source | 2,838,000Source | 1,996,000Source | 1,870,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 6,946,000Source | 6,302,000Source | 4,366,000Source | 3,863,000Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | — | — | 89,110,000Source |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | 29,293,000Source | 23,368,000Source |
| Deferred Compensation EquityCNY | — | — | — | 6.96Source |
| Deferred Tax Liabilities, NetUSD | 247,000Source | 53,000Source | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 2,769,000Source | — | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 33,832,000Source | 16,390,000Source | — | — |
| Restricted Cash and Investments, CurrentUSD | — | — | 600,000Source | — |
| Short-term InvestmentsUSD | 44,652,000Source | 39,401,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 12,209,000Source | 10,827,000Source | 10,308,000Source | 7,826,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 6,427,000Source | 6,355,000Source | 6,446,000Source | 6,955,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 5,782,000Source | 31,241,000Source | 10,734,000Source | 16,978,000Source |
| Deferred Income Tax Expense (Benefit)USD | 341,000Source | 589,000Source | 1,524,000Source | 1,238,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 16,099,000Source | 15,010,000Source | 12,113,000Source | 6,930,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -37,428,000Source | -32,629,000Source | -18,821,000Source | -6,715,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 18,979,000Source | 29,465,000Source | 10,780,000Source | 6,908,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 18,817,000Source | 29,072,000Source | 13,191,000Source | 6,049,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,645,000Source | 10,920,000Source | 5,925,000Source | 4,450,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 38,568,000Source | 40,213,000Source | 29,293,000Source | 23,368,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 2,349,000Source | 1,924,000Source | 1,775,000Source | 2,227,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 867,000Source | -533,000Source | -558,000Source | -1,814,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | 500,000Source | 700,000Source | 600,000Source | 500,000Source |
| Amortization of Intangible AssetsUSD | 452,000Source | 652,000Source | 591,000Source | 526,000Source |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | 29,293,000Source | 23,368,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | — | — | — | 300,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -1,824,000Source | -8,384,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 57,000Source | -315,000Source | 283,000Source | -89,000Source |
| General and Administrative ExpenseUSD | 30,209,000Source | 25,654,000Source | 25,912,000Source | 24,259,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -41,000Source | 15,000Source | 19,000Source | 82,000Source |
| Income Tax Expense (Benefit)USD | 2,047,000Source | 1,666,000Source | 2,320,000Source | 1,599,000Source |
| Investment Income, InterestUSD | 255,000Source | 159,000Source | 126,000Source | 1,274,000Source |
| Net Income (Loss) Attributable to ParentUSD | 11,926,000Source | 10,878,000Source | — | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 283,000Source | -51,000Source | 14,000Source | 39,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 10,294,000Source | 7,787,000Source |
| Operating ExpensesUSD | 36,208,000Source | 31,618,000Source | 32,600,000Source | 31,686,000Source |
| Other Depreciation and AmortizationUSD | — | — | — | 7,000,000Source |
| Other Nonoperating Income (Expense)USD | 2,624,000Source | -360,000Source | 371,000Source | — |
| Other Operating Income (Expense), NetUSD | -143,000Source | — | — | — |
| Payments to Acquire InvestmentsUSD | — | 9,057,000Source | — | — |
| Proceeds from Issuance of Long-term DebtUSD | 19,522,000Source | 16,543,000Source | — | — |
| Proceeds from Noncontrolling InterestsUSD | 238,000Source | 2,070,000Source | 556,000Source | — |
| Restricted Cash and Investments, CurrentUSD | — | — | 600,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 572,478,000Source | 504,158,000Source | 404,121,000Source | 370,325,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | 16,880,000Source | 14,666,000Source | 13,906,000Source | 9,846,000Source |
| Other Nonoperating Income (Expense)USD | 2,624,000Source | -360,000Source | 371,000Source | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 14,256,000Source | 12,493,000Source | 12,628,000Source | 9,425,000Source |
| Income Tax Expense (Benefit)USD | 2,047,000Source | 1,666,000Source | 2,320,000Source | 1,599,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 283,000Source | -51,000Source | 14,000Source | 39,000Source |
| Net Income (Loss) Attributable to ParentUSD | 11,926,000Source | 10,878,000Source | — | — |
| Earnings Per Share, BasicUSD per share | — | — | 0.13Source | 0.1Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.13Source | 0.1Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 81,806,660Source | 80,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 81,806,660Source | 80,000,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 452,000Source | 652,000Source | 591,000Source | 526,000Source |
| Cost, Depreciation and AmortizationUSD | 5,700,000Source | 5,700,000Source | 5,800,000Source | — |
| Current Income Tax Expense (Benefit)USD | 1,706,000Source | 1,077,000Source | 796,000Source | 361,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 6,400,000Source | 6,400,000Source | 6,400,000Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -1,824,000Source | -8,384,000Source |
| General and Administrative ExpenseUSD | 30,209,000Source | 25,654,000Source | 25,912,000Source | 24,259,000Source |
| Gross ProfitUSD | 53,088,000Source | 46,284,000Source | 46,506,000Source | 41,532,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 14,416,000Source | 12,751,000Source | 13,049,000Source | — |
| Income (Loss) from Equity Method InvestmentsUSD | -41,000Source | 15,000Source | 19,000Source | 82,000Source |
| Interest ExpenseUSD | 2,736,000Source | 1,972,000Source | 1,775,000Source | 2,227,000Source |
| Investment Income, InterestUSD | 255,000Source | 159,000Source | 126,000Source | 1,274,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 10,294,000Source | 7,787,000Source |
| Operating ExpensesUSD | 36,208,000Source | 31,618,000Source | 32,600,000Source | 31,686,000Source |
| Other Cost and Expense, OperatingUSD | 10,963,000Source | — | — | — |
| Other Cost of Operating RevenueUSD | — | — | — | 328,793,000Source |
| Other ExpensesUSD | — | — | — | 3,964,000Source |
| Other General and Administrative ExpenseUSD | 800,000Source | 700,000Source | 700,000Source | 900,000Source |
| Other IncomeUSD | — | — | — | 532,000Source |
| Other Operating Income (Expense), NetUSD | -143,000Source | — | — | — |
| Selling and Marketing ExpenseUSD | 5,999,000Source | 5,964,000Source | 6,688,000Source | 7,427,000Source |