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Covenant Logistics (CVLG) Operating Expenses (2016 - 2025)

Covenant Logistics (CVLG) has disclosed Operating Expenses for 16 consecutive years, with $319.6 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 18.92% to $319.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was $1.2 billion, a 6.88% increase, with the full-year FY2025 number at $1.2 billion, up 6.88% from a year prior.
  • Operating Expenses was $319.6 million for Q4 2025 at Covenant Logistics, up from $289.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $986.1 million in Q4 2023 to a low of $60.9 million in Q3 2022.
  • A 5-year average of $295.1 million and a median of $271.8 million in 2024 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: crashed 76.08% in 2022, then skyrocketed 349.52% in 2023.
  • Covenant Logistics' Operating Expenses stood at $276.0 million in 2021, then grew by 3.32% to $285.2 million in 2022, then soared by 245.82% to $986.1 million in 2023, then plummeted by 72.75% to $268.7 million in 2024, then increased by 18.92% to $319.6 million in 2025.
  • Per Business Quant, the three most recent readings for CVLG's Operating Expenses are $319.6 million (Q4 2025), $289.0 million (Q3 2025), and $291.3 million (Q2 2025).