Shengfeng Development Limited (SFWL)
Nasdaq: SFWL · Trucking & Courier Services (No Air) · Fuzhou City, CN · filing with the SEC since 2021
Income statement, as filed
In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Period ending | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 |
| Report filed | Mar 27, 2026 | Mar 28, 2025 | Mar 29, 2024 | May 1, 2023 | · | · |
| Revenue | 572,478 | 504,158 | 404,121 | 370,325 | 346,699 | 287,464 |
| Cost of revenue | 519,390 | 457,874 | 357,615 | 328,793 | 305,354 | 251,489 |
| Gross profit | 53,088 | 46,284 | 46,506 | 41,532 | 41,345 | 35,975 |
| Sales and marketing | 5,999 | 5,964 | 6,688 | 7,427 | 7,720 | 6,139 |
| General and administrative | 30,209 | 25,654 | 25,912 | 24,259 | 25,038 | 23,632 |
| Total operating expenses | 36,208 | 31,618 | 32,600 | 31,686 | 32,758 | 29,771 |
| Operating income | 16,880 | 14,666 | 13,906 | 9,846 | 8,587 | 6,204 |
| Interest expense | 2,736 | 1,972 | 1,775 | 2,227 | 2,315 | 1,990 |
| Interest and investment income | 255 | 159 | 126 | 1,274 | 1,330 | 1,329 |
| Share of profit of equity-method investments | -41 | 15 | 19 | 82 | 70 | 55 |
| Other income (expense), net | 2,624 | 2,173r | 1,278r | 532 | 559 | · |
| Income before income taxes | 14,256 | 12,493 | 12,628 | 9,425 | 8,161 | 7,613 |
| Income tax expense | 2,047 | 1,666 | 2,320 | 1,599 | 1,517 | 1,570 |
| Net income including non-controlling interests | 12,209 | 10,827 | 10,308 | 7,826 | 6,644 | 6,043 |
| Net income to non-controlling interests | 283 | -51 | 14 | 39 | -254 | -48 |
| Net income | 11,926 | 10,878 | 10,294 | 7,787 | · | · |
| Net income to common shareholders | · | · | 10,294 | 7,787 | 6,898 | 6,091 |
| Earnings per share, basic | · | · | 0.13 | 0.10 | 0.09 | 0.08 |
| Earnings per share, diluted | · | · | 0.13 | 0.10 | 0.09 | 0.08 |
| Weighted average shares, basic | · | · | 81,806,660 | 80,000,000 | 80,000,000 | 80,000,000 |
| Weighted average shares, diluted | · | · | 81,806,660 | 80,000,000 | 80,000,000 | 80,000,000 |
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it sold
us-gaap:RevenuesCost of revenue what it cost to make or buy what it sold
us-gaap:CostOfRevenueGross profit revenue less the cost of what it sold
us-gaap:GrossProfitSales and marketing the cost of finding and serving customers
us-gaap:SellingAndMarketingExpenseGeneral and administrative the cost of running the company itself
us-gaap:GeneralAndAdministrativeExpenseTotal operating expenses the running costs together
us-gaap:OperatingExpensesOperating income profit from running the business, before interest and tax
us-gaap:OperatingIncomeLossInterest expense what its borrowing cost
us-gaap:InterestExpenseInterest and investment income what its cash and investments earned
us-gaap:InvestmentIncomeInterestShare of profit of equity-method investments its share of companies it partly owns
us-gaap:IncomeLossFromEquityMethodInvestmentsOther income (expense), net gains and costs outside the business
us-gaap:OtherNonoperatingIncomeExpenseIncome before income taxes profit before tax
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncome tax expense tax charged on the period's profit
us-gaap:IncomeTaxExpenseBenefitNet income including non-controlling interests the whole group's profit, minority holders' share included
us-gaap:ProfitLossNet income to non-controlling interests the share that belongs to minority holders
us-gaap:NetIncomeLossAttributableToNoncontrollingInterestNet income the profit or loss that belongs to the company's shareholders
us-gaap:NetIncomeLossNet income to common shareholders what is left for common shareholders
us-gaap:NetIncomeLossAvailableToCommonStockholdersBasicEarnings per share, basic net income per share outstanding
us-gaap:EarningsPerShareBasicEarnings per share, diluted net income per share, counting every share that could be issued
us-gaap:EarningsPerShareDilutedWeighted average shares, basic the average count of shares outstanding
us-gaap:WeightedAverageNumberOfSharesOutstandingBasicWeighted average shares, diluted the average count with every share that could be issued
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding