Cheetah Net Supply Chain Service Inc. (Nasdaq: CTNT) reported financial results for the third quarter of 2026, which ended September 30, 2026. The company reported total revenue of $3,557,805 for the quarter, representing an 883.0% increase compared to $361,935 in the same period of 2025. The filing notes that this increase was primarily driven by the acquisition of Super International Trading Limited in May 2026, which contributed all of the revenue in the current quarter.
Despite the revenue growth, the company reported a net loss from continuing operations of $2,547,995 for the quarter. This compares to a net loss of $1,314,650 in the prior year period. The filing attributes the increase in the net loss to a $2,783,884 loss resulting from the change in fair value of an acquisition-related contingent consideration asset, partially offset by interest income of $398,232 and other income of $666,508.
The company’s logistics and warehousing segment reported revenue of $nil for the quarter, a significant decline from $361,935 in the prior year. The filing explains this decrease was due to the disposition of Edward and the expiration of legacy customer service contracts with TWEW that were not renewed on original terms. As of the report date, the company is renegotiating logistics and labor services arrangements with customers from TWEW.
For the nine months ended September 30, 2026, the company reported total revenue of $4,519,414. The international trading segment generated $4,426,714 during this period, of which $4,217,805 was attributable to Super International. The logistics and warehousing segment generated $92,700 for the nine months, down from $1,195,860 in the prior year.
The company also reported a net loss from continuing operations of $3,093,215 for the nine months ended September 30, 2026. This loss was driven by the $2,783,884 expense related to the contingent consideration asset, as well as general and administrative expenses. The company noted an unrealized foreign exchange gain of approximately $1,631,708 related to a receivable from the withdrawal of an investment deposit.
