Covenant Logistics (CVLG) Operating Leases (2019 - 2026)

Covenant Logistics has disclosed Operating Leases across 8 years of filings, most recently posting $35.2 million for Q1 2026.

• In Q1 2026, Operating Leases fell 15.1% year-over-year to $35.2 million; the TTM figure through Mar 2026 stood at $35.2 million (down 15.1% YoY), while the FY2025 annual figure was $25.3 million, down 19.26% from the prior year.
• Operating Leases improved to $35.2 million in Q1 2026, from $25.3 million in the prior quarter.
• Over the last five years, Operating Leases for CVLG reached as high as $53.5 million in Q2 2023 and fell as low as $25.3 million in Q4 2025.
• The 5-year median for Operating Leases is $35.5 million (2023), against an average of $37.8 million.
• Annual changes were most pronounced in 2022 — Operating Leases jumped 184.49% — and 2024, when it sank 40.13%.
• A 5-year view of Operating Leases shows it stood at $46.4 million in 2022, then plunged by 33.46% to $30.9 million in 2023, then advanced by 1.33% to $31.3 million in 2024, then declined by 19.26% to $25.3 million in 2025, then soared by 39.47% to $35.2 million in 2026.
• According to Business Quant data, Operating Leases over the past three periods registered $35.2 million, $25.3 million, and $38.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.