FY2025 · period end Dec '25 · from the 10-K filed Mar 27, 2026
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Revenue | $0.57B | $0.50B | $0.40B | $0.37B | $0.35B |
| Gross Profit | $0.05B | $0.05B | $0.05B | $0.04B | $0.04B |
| Operating Income | $0.02B | $0.01B | $0.01B | $0.01B | $0.01B |
| Net Income | $0.01B | $0.01B | $0.01B | $0.01B | — |
| EPS (Diluted) | — | — | $0.13 | $0.10 | $0.09 |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Total Assets | $0.35B | $0.31B | $0.27B | $0.25B | $0.24B |
| Total Liabilities | $0.21B | $0.19B | $0.15B | $0.15B | $0.15B |
| Stockholders' Equity | $0.14B | $0.12B | $0.11B | $0.10B | $0.10B |
| Cash & Equivalents | $0.04B | $0.03B | $0.03B | $0.02B | — |
| Total Debt | — | — | — | — | — |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Operating Cash Flow | $0.02B | $0.02B | $0.01B | $0.00B | $0.02B |
| Capital Expenditures | $0.02B | $0.03B | $0.01B | $0.01B | $0.02B |
| Free Cash Flow | negative: -$0.00B | negative: -$0.01B | $0.00B | negative: -$0.00B | negative: -$0.00B |
| Metric | FY25Dec '25 | FY24Dec '24 | FY23Dec '23 | FY22Dec '22 | FY21Dec '21 |
|---|---|---|---|---|---|
| Gross Margin | 9.3% | 9.2% | 11.5% | 11.2% | 11.9% |
| Operating Margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net Margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on Equity | 9.1% | 9.2% | 9.9% | 8.2% | 15.8% |
| Return on Assets | 3.6% | 3.8% | 4.0% | 3.2% | 6.2% |
| Debt / Equity | 0.59× | 0.45× | 0.32× | 0.50× | 0.48× |
Showing the most recent 5 annual periods. Get 15 years of history on the Pro plan, or unlimited history back to 1993 plus the smart-money dataset and webhooks on Institutional.
| Form | Accession ID | Report Date | Filing Date | Accepted At | Source |
|---|---|---|---|---|---|
| 20-F | 0001213900-26-035301 | Dec 31, 2025 | Mar 27, 2026 | Mar 27, 2026 11:59 UTC | EDGAR |
| 20-F | 0001013762-25-003699 | Dec 31, 2024 | Mar 28, 2025 | Mar 28, 2025 11:22 UTC | EDGAR |
| 20-F | 0001213900-24-028073 | Dec 31, 2023 | Mar 29, 2024 | Mar 29, 2024 17:14 UTC | EDGAR |
| 20-F | 0001213900-23-034752 | Dec 31, 2022 | May 1, 2023 | May 1, 2023 17:00 UTC | EDGAR |
Direct links to SEC EDGAR. SFWL has additional filings available on the SEC site.
6 numbers SHENGFENG DEVELOPMENT Ltd later changed — same XBRL tag, both filings linked.
Net Cash Provided by (Used in) Operating Activities·FY 2022
Major restatementwas$6.9M
Revised down in a 20-F. Any P/OCF built on the original was 44.0% too low.
Net Cash Provided by (Used in) Operating Activities·FY 2021
Major restatementwas$16.6M
Revised up in a 20-F. Any P/OCF built on the original was 18.6% too high.
Net Cash Provided by (Used in) Operating Activities·FY 2023
Major restatementwas$12.1M
Revised up in a 20-F. Any P/OCF built on the original was 14.3% too high.
Net Cash Provided by (Used in) Operating Activities·Q2 2023
Major restatementwas$8.9M
Revised up. Any P/OCF built on the original was 9.2% too high.
Net Cash Provided by (Used in) Financing Activities·FY 2022
Major restatementwas$6M
Revised up in a 20-F.
Net Cash Provided by (Used in) Financing Activities·Q2 2023
Major restatementwas$5.1M
Revised down.
SFWL is not the only one.
See every restatement we've found across the market — or get an alert the next time SFWL revises a number.
Restatements are detected by comparing every vintage of a fact across all of SHENGFENG DEVELOPMENT Ltd's filings back to 1993. A revision is not by itself a sign of wrongdoing — companies re-file for many legitimate reasons. This list is not exhaustive: it shows SFWL's most significant revisions, and a figure absent from it has not been certified as unrevised.
Who is buying and selling SHENGFENG DEVELOPMENT Ltd — insider transactions from Forms 3/4/5/144 and institutional ownership from 13F, 13D, and 13G filings, point-in-time stamped like every other fact in the library. Traders read it as a positioning signal; risk desks read it as concentration.
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