NYSE: KNX
Knight-Swift Transportation Holdings Inc.CIK 0001492691 · SIC 4213 · Trucking (Except Local)
Every 8-K is open in full. Other 10-Ks and 10-Qs show a 3-bullet preview. A free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (INBP 10-K) is open in full — no account needed.
Summary not yet generated.
KNX Q2 2026: revenue $2.10B, net income $43.2M. Truckload pricing improves 650-750bp on tightening market; debt refinance
5 material changes detected. Sign up free to read the summary.
Partner
Trade KNX commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Knight-Swift Q2 earnings jump 80% on truckload pricing gains, issues $1.5B convertibles
5 material changes detected. Sign up free to read the summary.
Knight-Swift Executive Chairman Kevin Knight resigns, receives $20.25M consulting deal
4 material changes detected. Sign up free to read the summary.
Knight-Swift declares $0.20 quarterly dividend, shareholders approve executive pay at annual meeting
5 material changes detected. Sign up free to read the summary.
Knight-Swift raises $1.5B via convertible notes to refinance debt, adds dilution protection
5 material changes detected. Sign up free to read the summary.
revenue $1.85B, net income -$1.3M. Knight-Swift Q1 profit collapses 1.4% on LTL arbitration loss; swings to net loss
5 material changes detected. Sign up free to read the summary.
Knight-Swift reports Q1 2026 earnings, releases results and investor presentation
2 material changes detected. Sign up free to read the summary.
Knight-Swift revises Q1 2026 earnings guidance, issues Q2 outlook
3 material changes detected. Sign up free to read the summary.
Summary not yet generated.
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 29, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
(in thousands, except per share amounts; mapped from filer XBRL tags, not printed on the filing face)
| Description | Three months ended Jun 30, 2026 | Q2 ended Jun 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 2,095,712 | 1,861,940 |
| Total operating expenses | 1,990,861 | 1,789,324 |
| Operating income | 104,851 | 72,616 |
| Interest expense | 23,251 | 40,878 |
| Other income/(expense), net | (17,919) | 13,150 |
| Income before income taxes | 65,505 | 47,924 |
| Income tax expense/(benefit) | 22,355 | 13,993 |
| Net income | 43,150 | 33,931 |
| Net income attributable to shareholders | 43,189 | 34,243 |
| Basic earnings per share | 0.27 | 0.21 |
| Diluted earnings per share | 0.26 | 0.21 |
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands, except per share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 186,114 | 220,420 |
| Cash and cash equivalents restricted | 74,715 | 82,381 |
| Trade receivables, net of allowance for doubtful accounts of $29,354 and $30,647, respectively | 434,776 | 305,324 |
| Contract balance revenue in transit | 12,014 | 9,642 |
| Prepaid expenses | 106,917 | 113,985 |
| Assets held for sale | 51,801 | 72,985 |
| Income tax receivable | 48,899 | 45,895 |
| Other current assets | 27,680 | 36,894 |
| Total current assets | 942,916 | 887,526 |
| Gross property and equipment | 7,581,734 | 7,380,056 |
| Less: accumulated depreciation and amortization | (2,809,508) | (2,662,331) |
| Property and equipment, net | 4,772,226 | 4,717,725 |
| Operating lease right-of-use-assets | 291,343 | 314,571 |
| Goodwill | 3,934,741 | 3,934,741 |
| Intangible assets, net | 1,897,759 | 1,935,699 |
| Other long-term assets | 165,360 | 165,174 |
| Total assets | 12,004,345 | 11,955,436 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 281,673 | 200,835 |
| Accrued payroll and purchased transportation | 209,555 | 194,910 |
| Accrued liabilities | 60,117 | 66,638 |
| Claims accruals current portion | 243,912 | 246,882 |
| Finance lease liabilities and long-term debt current portion | 166,487 | 194,406 |
| Operating lease liabilities current portion | 113,587 | 127,538 |
| Total current liabilities | 1,075,331 | 1,031,209 |
| Revolving line of credit | — | 626,000 |
| Long-term debt less current portion | 231,425 | 1,027,793 |
| Convertible senior notes | 1,465,833 | — |
| Finance lease liabilities less current portion | 511,867 | 502,042 |
| Operating lease liabilities less current portion | 195,965 | 207,788 |
| Claims accruals less current portion | 396,082 | 359,546 |
| Deferred tax liabilities | 898,110 | 904,075 |
| Other long-term liabilities | 238,922 | 205,117 |
| Total liabilities | 5,013,535 | 4,863,570 |
| Commitments and contingencies (Notes 7, 8, and 9) | ||
| Stockholders’ equity: | ||
| Preferred stock, par value $0.01 per share; 10,000 shares authorized; none issued | — | — |
| Common stock, par value $0.01 per share; 500,000 shares authorized; 162,736 and 162,339 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. | 1,627 | 1,623 |
| Additional paid-in capital | 4,414,691 | 4,480,725 |
| Accumulated other comprehensive loss | (143) | (716) |
| Retained earnings | 2,565,098 | 2,600,822 |
| Total Knight-Swift stockholders' equity | 6,981,273 | 7,082,454 |
| Noncontrolling interest | 9,537 | 9,412 |
| Total stockholders’ equity | 6,990,810 | 7,091,866 |
| Total liabilities and stockholders’ equity | 12,004,345 | 11,955,436 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Year-to-Date June 30, 2026 | Year-to-Date June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | 41,737 | 64,160 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of property, equipment, and intangibles | 392,706 | 392,509 |
| Gain on sale of property and equipment | (32,172) | (33,784) |
| Impairments | 882 | 10,612 |
| Deferred income taxes | 20,188 | (33,897) |
| Non-cash lease expense | 77,862 | 77,327 |
| Gain on equity securities | (195) | (177) |
| Other adjustments to reconcile net income to net cash provided by operating activities | 43,593 | 12,204 |
| Increase (decrease) in cash resulting from changes in: | ||
| Trade receivables | (134,378) | (53,883) |
| Income tax receivable | (3,004) | 9,244 |
| Accounts payable | 46,272 | (63,469) |
| Accrued liabilities and claims accrual | 62,664 | (128) |
| Operating lease liabilities | (77,637) | (75,366) |
| Other assets and liabilities | 11,840 | 20,577 |
| Net cash provided by operating activities | 450,358 | 325,929 |
| Cash flows from investing activities: | ||
| Proceeds from sale of property and equipment, including assets held for sale | 120,764 | 158,366 |
| Purchases of property and equipment | (380,682) | (330,614) |
| Expenditures on assets held for sale | — | (716) |
| Acquisition of leased assets | — | (10,425) |
| Other cash flows provided by (used in) investing activities | 2,855 | (6,228) |
| Net cash used in investing activities | (257,063) | (189,617) |
| Cash flows from financing activities: | ||
| Repayments of finance leases and long-term debt | (883,194) | (148,948) |
| Borrowings on revolving lines of credit | 62,000 | 165,000 |
| Repayments on revolving lines of credit | (688,000) | (100,000) |
| Borrowings under accounts receivable securitization | — | 30,000 |
| Repayments of accounts receivable securitization | — | (50,000) |
| Proceeds from convertible senior notes | 1,466,250 | — |
| Purchase of capped calls | (107,100) | — |
| Proceeds from common stock issued | 3,187 | 3,409 |
| Dividends paid | (65,807) | (58,985) |
| Other cash flows used in financing activities | (21,712) | (2,062) |
| Net cash used in financing activities | (234,376) | (161,586) |
| Net decrease in cash, restricted cash, and equivalents | (41,081) | (25,274) |
| Cash, restricted cash, and equivalents at beginning of period | 308,740 | 370,230 |
| Cash, restricted cash, and equivalents at end of period | 267,659 | 344,956 |
Face scale: (In thousands, except per share data); (In thousands). Statements found on the EDGAR/iXBRL face print as filed; the rest are presentation-friendly mappings of filer XBRL tags, at the scale noted on each table. EPS as reported. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗