Knight-Swift Transportation Holdings Inc 10-Q for FY2026 Q2

Knight-Swift Transportation Holdings Inc. (KNX)

10-Q 2026-07-29 For: 2026-06-30

Added on July 29, 2026

About this 10-Q

Knight-Swift Transportation Holdings Inc filed this 10-Q on July 29, 2026, covering the quarter ended June 30, 2026 (FY2026 Q2).

Headline figures

Quarter ended June 30, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $2.1B; up 12.6% from $1.86B a year earlier
Net income: $43.19M; up 26.1% from net income of $34.24M a year earlier
Diluted EPS: $0.26; up 23.8% from $0.21 a year earlier

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Delaware						20-5589597
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)


QUARTERLY REPORT ON FORM 10-Q
TABLE OF CONTENTS
PART I FINANCIAL INFORMATION			PAGE
Item 1. Financial Statements			4

Condensed Consolidated Balance Sheets (Unaudited) — Ju ne 30 , 2026 and December 31, 2025			4

Condensed Consolidated Statements of Comprehensive Income (Unaudited) — Quarter and year-to-date ended June 30 , 2026 and 2025			5

Condensed Consolidated Statements of Cash Flows (Unaudited) — Quarter and year-to-date ended June 30 , 2026 and 2025			6

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) — Quarter and year-to-date ended June 30 , 2026 and 2025			8

Note 1 — Introduction and Basis of Presentation			10



Note 2 — Recently Issued Accounting Pronouncements			11









Note 3 — Income Taxes			11



Note 4 — Accounts Receivable Securitization			12

Note 5 — Debt and Financing			13

Note 6 — Convertible Senior Notes			15

Note 7 — Defined Benefit Pension Plan			17

Note 8 — Purchase Commitments			18

Note 9 — Contingencies and Legal Proceedings			18

Note 10 — Share Repurchase Plans			19

Note 1 1 — Weighted Average Shares Outstanding			19

Note 1 2 — Fair Value Measurement			20

Note 1 3 — Related Party Transactions			23

Note 1 4 — Financial Information by Segment and Geography			24

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations			27

Item 3. Quantitative and Qualitative Disclosures About Market Risk			61

Item 4. Controls and Procedures			62
PART II OTHER INFORMATION
Item 1. Legal Proceedings			63

Item 1A. Risk Factors			63

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			66

Item 3. Defaults Upon Senior Securities			66

Item 4. Mine Safety Disclosures			66

Item 5. Other Information			66

Item 6. Exhibits			67

Signatures			68




GLOSSARY OF TERMS
The following glossary defines certain acronyms and terms used in this Quarterly Report on Form 10-Q. These acronyms and terms are specific to our company, commonly used in our industry, or are otherwise frequently used throughout our document.
Term			Definition
Knight-Swift/the Company/Management/We/Us/Our			Unless otherwise indicated or the context otherwise requires, these terms represent Knight-Swift Transportation Holdings Inc. and its subsidiaries.

2017 Merger			The September 8, 2017 merger of Knight Transportation, Inc. and its subsidiaries and Swift Transportation Company and its subsidiaries, pursuant to which we became Knight-Swift Transportation Holdings Inc.





2025 Debt Agreement			The Company's unsecured credit agreement, entered into on July 8, 2025, consisting of the 2025 Revolver and 2025 Term Loans, which are defined below
2021 Prudential Notes			Third amended and restated note purchase and private shelf agreement, entered into on September 3, 2021 by ACT with unrelated financial entities

2025 Revolver			Revolving line of credit under the 2025 Debt Agreement, maturing on July 8, 2030

2025 Term Loans			The Company's term loans under the 2025 Debt Agreement, collectively consisting of the 2025 Term Loan A-1 and 2025 Term Loan A-2



2025 Term Loan A-1			The Company's term loan under the 2025 Debt Agreement, maturing on July 8, 2030
2025 Term Loan A-2			The Company's term loan under the 2025 Debt Agreement, maturing on January 8, 2027




2025 RSA			Eighth Amendment to the Amended and Restated Receivables Sales Agreement, entered into on October 1, 2025 by Swift Receivables Company II, LLC with unrelated financial entities
2025 RPA			The Receivables Purchase Agreement, entered into on December 31, 2025 by Swift Receivables Company II, LLC with unrelated financial entities

2031 Notes			The Company's $1.5 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031
2031 Notes Indenture			The indenture related to the 2031 Notes dated May 8, 2026 between the Company and U.S. Bank Trust Company, National Association, as trustee
2026 Capped Calls			The Company's privately negotiated capped call transactions with certain of the initial purchasers of the 2031 Notes or their respective affiliates and other financial institutions
Abilene			Abilene Motor Express, LLC and its related entities
ACT or AAA Cooper			AAA Cooper Transportation, and its affiliated entity
ACT Acquisition			The Company's acquisition of 100% of the securities of ACT on July 5, 2021
Annual Report			Annual Report on Form 10-K
ASC			Accounting Standards Codification
ASU			Accounting Standards Update
Board			Knight-Swift's Board of Directors


DHE			The non-union regional LTL division of Dependable Highway Express, Inc.
DHE Acquisition			The acquisition by one of the Company's wholly owned subsidiaries of the operating assets and assumption of certain liabilities of DHE on July 30, 2024
EPS			Earnings Per Share

ESPP			Knight-Swift Transportation Holdings Inc. Amended and Restated 2012 Employee Stock Purchase Plan



GAAP			United States Generally Accepted Accounting Principles
IRS			Internal Revenue Service





LTL			Less-than-truckload
MME			MME, Inc. and its subsidiary, Midwest Motor Express, Inc.
Quarterly Report			Quarterly Report on Form 10-Q

RSU			Restricted Stock Unit
SEC			United States Securities and Exchange Commission
SOFR			Secured overnight financing rate as administered by the Federal Reserve Bank of New York



US			The United States of America
U.S. Xpress			U.S. Xpress Enterprises, Inc. and its subsidiaries
U.S. Xpress Acquisition			The Company's acquisition of 100% of the securities of U.S. Xpress on July 1, 2023
UTXL			UTXL Enterprises, Inc.


	June 30, 2026		December 31, 2025
	(In thousands, except per share data)
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


	Quarter Ended June 30,				Year-to-Date June 30,
	2026		2025		2026		2025
	(In thousands, except per share data)
Revenue:
Revenue, excluding truckload and LTL fuel surcharge	$	1,764,387	$	1,672,201	$	3,402,419	$	3,305,164
Truckload and LTL fuel surcharge	331,325		189,739		543,516		381,138
Total revenue	2,095,712		1,861,940		3,945,935		3,686,302
Operating expenses:
Salaries, wages, and benefits	768,813		754,582		1,497,511		1,476,241
Fuel	307,361		203,566		538,699		410,812
Operations and maintenance	136,438		139,970		264,911		272,342
Insurance and claims	100,164		85,281		209,321		177,506
Operating taxes and licenses	34,735		34,525		72,129		68,891
Communications	7,245		7,381		13,687		14,764
Depreciation and amortization of property and equipment	178,161		176,538		354,970		354,017
Amortization of intangibles	18,834		19,246		37,736		38,492
Rental expense	43,876		43,196		88,928		86,062
Purchased transportation	322,147		265,722		600,775		543,016
Impairments	—		10,584		882		10,612
Miscellaneous operating expenses	73,087		48,733		132,951		94,268
Total operating expenses	1,990,861		1,789,324		3,812,500		3,547,023
Operating income	104,851		72,616		133,435		139,279
Other (expenses) income:
Interest income	1,824		3,036		3,630		6,070
Interest expense	(23,251)		(40,878)		(53,980)		(81,081)
Other (expense) income, net	(17,919)		13,150		(19,100)		24,188
Total other expenses, net	(39,346)		(24,692)		(69,450)		(50,823)
Income before income taxes	65,505		47,924		63,985		88,456
Income tax expense	22,355		13,993		22,248		24,296
Net income	43,150		33,931		41,737		64,160
Net loss attributable to noncontrolling interest	39		312		135		722
Net income attributable to Knight-Swift	43,189		34,243		41,872		64,882
Other comprehensive income (loss)	233		(109)		573		354
Comprehensive income	$	43,422	$	34,134	$	42,445	$	65,236

Earnings per share:
Basic	$	0.27	$	0.21	$	0.26	$	0.40
Diluted	$	0.26	$	0.21	$	0.26	$	0.40

Dividends declared per share:	$	0.20	$	0.18	$	0.40	$	0.36

Weighted average shares outstanding:
Basic	162,579		162,131		162,502		162,052
Diluted	163,283		162,541		163,216		162,497


Reconciliation of Cash, Restricted Cash, and Equivalents:	June 30, 2026		December 31, 2025		June 30, 2025		December 31, 2024
	(In thousands)
Consolidated Balance Sheets
Cash and cash equivalents	$	186,114	$	220,420	$	216,320	$	218,261
Cash and cash equivalents – restricted 1	74,715		82,381		123,052		147,684

Other long-term assets 1	6,830		5,939		5,584		4,285
Consolidated Statements of Cash Flows
Cash, restricted cash, and equivalents	$	267,659	$	308,740	$	344,956	$	370,230


	Common Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive (Loss) Income		Total Knight-Swift Stockholders' Equity		Noncontrolling Interest		Total Stockholders’ Equity
	Shares	Par Value
	(In thousands, except per share data)

















Balances – December 31, 2025	162,339	$	1,623	$	4,480,725	$	2,600,822	$	(716)	$	7,082,454	$	9,412	$	7,091,866

Common stock issued to employees	339	3		(3)						—				—
Common stock issued to the Board	20	—		1,228						1,228				1,228

Common stock issued under ESPP	38	1		1,958						1,959				1,959

Shares withheld – RSU settlement						(12,131)				(12,131)				(12,131)
Employee stock-based compensation expense				11,730						11,730				11,730
Cash dividends paid and dividends accrued ($0.40 per share)						(65,465)				(65,465)				(65,465)
Net income						41,872				41,872		(135)		41,737
Other comprehensive income								573		573				573
Investment in noncontrolling interest												460		460
Distribution to noncontrolling interest										—		(200)		(200)
2026 Capped Calls, net of tax				(80,947)						(80,947)				(80,947)


Balances – June 30, 2026	162,736	$	1,627	$	4,414,691	$	2,565,098	$	(143)	$	6,981,273	$	9,537	$	6,990,810


Notes to Condensed Consolidated Financial Statements (Unaudited)


			2025 RPA
			(Dollars in thousands)
Effective date			December 31, 2025
Final maturity date			October 2, 2028
Facility capacity			$575,000
Unused commitment fee rate 1			20 to 40 basis points
Program fees on outstanding balances 2			one month SOFR + 87.5 basis points or commercial paper + 77.5 basis points


		June 30, 2026				December 31, 2025
	Condensed Consolidated Balance Sheets Caption	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
		(In thousands)
Financial Assets:

Equity method investments 1	Other long-term assets	$	113,515	$	113,515	$	112,042	$	112,042



Financial Liabilities:



2025 Term Loan A-1, due July 8, 2030 1 2 3	Long-term debt – less current portion	224,374		225,000		698,136		700,000
2025 Term Loan A-2, due January 8, 20271 3	Finance lease liabilities and long-term debt – current portion, Long-term debt – less current portion	—		—		299,369		300,000

2031 Notes, due November 15, 2031 1 4	Convertible senior notes	1,465,833		1,749,240		—		—
2025 Revolver, due July 8, 2030	Revolving line of credit	—		—		626,000		626,000
Revenue equipment installment notes 5	Finance lease liabilities and long-term debt – current portion, Long-term debt – less current portion	70,777		70,777		106,619		106,619
2021 Prudential Notes 1 6	Finance lease liabilities and long-term debt – current portion, Long-term debt – less current portion	3,056		3,056		8,121		8,121


Mandatorily redeemable contingent consideration 7	Other long-term liabilities	159,400		159,400		132,287		132,287
Contingent consideration 7	Other long-term liabilities	900		900		5,203		5,203


			Fair Value Measurements at Reporting Date Using
	Estimated Fair Value		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
	(In thousands)
As of June 30, 2026
Mandatorily redeemable contingent consideration 1 2	$	159,400	$	—	$	—	$	159,400
Contingent consideration 1	$	900	$	—	$	—	$	900
As of December 31, 2025
Mandatorily redeemable contingent consideration 1 2	$	132,287	$	—	$	—	$	132,287
Contingent consideration 1	$	5,203	$	—	$	—	$	5,203


	2026		2025

Beginning balance	$	137,490	$	137,490
Change in fair value of contingent consideration (a)	22,810		—


Ending balance	$	160,300	$	137,490


	June 30, 2026				December 31, 2025
	Receivable		Payable		Receivable		Payable
	(In thousands)



Certain affiliates 1	$	—	$	84	$	—	$	81


	Quarter Ended June 30, 2026
Operating income (loss) by segment:	Truckload		LTL		Logistics		Intermodal		All Other Segments		Eliminations		Total
	(In thousands)
Total revenue	$	1,347,343	$	420,148	$	139,696	$	113,388	$	105,564	$	(30,427)	$	2,095,712
Less 1:
Salaries, wages, and benefits	$	431,366	$	225,261	$	6,623	$	16,360	$	89,894	$	(691)	$	768,813
Fuel	250,290		49,518		—		6,961		592		—		307,361
Operations and maintenance 2	123,035		28,664		4,169		6,272		(19,455)		(6,247)		136,438
Insurance and claims	79,356		17,339		841		1,114		1,550		(36)		100,164
Depreciation and amortization of property and equipment	135,830		21,856		444		6,206		13,825		—		178,161
Purchased transportation	131,948		9,149		117,533		69,976		4,487		(10,946)		322,147
Other segment items 2 3	106,373		46,702		6,259		5,846		25,104		(12,507)		177,777
Total operating expense	$	1,258,198	$	398,489	$	135,869	$	112,735	$	115,997	$	(30,427)	$	1,990,861
Operating income (loss)	$	89,145	$	21,659	$	3,827	$	653	$	(10,433)	$	—	$	104,851
Operating ratio	93.4%		94.8%		97.3%		99.4%		109.9%		100.0%		95.0%


	Quarter Ended June 30, 2025
Operating income (loss) by segment:	Truckload		LTL		Logistics		Intermodal		All Other Segments		Eliminations		Total
	(In thousands)
Total revenue	$	1,214,036	$	386,854	$	128,298	$	84,065	$	74,446	$	(25,759)	$	1,861,940
Less 1:
Salaries, wages, and benefits	$	447,036	$	217,698	$	6,779	$	14,467	$	69,202	$	(600)	$	754,582
Fuel	169,711		29,495		—		3,864		496		—		203,566
Operations and maintenance 2	126,033		27,019		4,619		5,564		(17,659)		(5,606)		139,970
Insurance and claims	63,222		14,973		715		1,773		4,598		—		85,281
Depreciation and amortization of property and equipment	131,021		24,109		458		5,964		14,986		—		176,538
Purchased transportation	108,577		9,324		103,957		50,537		2,842		(9,515)		265,722
Other segment items 2 3	123,016		45,903		6,223		5,325		(6,764)		(10,038)		163,665
Total operating expense	$	1,168,616	$	368,521	$	122,751	$	87,494	$	67,701	$	(25,759)	$	1,789,324
Operating income (loss)	$	45,420	$	18,333	$	5,547	$	(3,429)	$	6,745	$	—	$	72,616
Operating ratio	96.3%		95.3%		95.7%		104.1%		90.9%		100.0%		96.1%


ITEM 1.			FINANCIAL STATEMENTS


	Year-to-Date June 30, 2026
Operating income (loss) by segment:	Truckload		LTL		Logistics		Intermodal		All Other Segments		Eliminations		Total
	(In thousands)
Total revenue	$	2,549,509	$	788,512	$	267,304	$	206,977	$	186,766	$	(53,133)	$	3,945,935
Less 1:
Salaries, wages, and benefits	$	855,827	$	436,318	$	13,133	$	31,486	$	162,039	$	(1,292)	$	1,497,511
Fuel	441,062		84,716		—		11,783		1,138		—		538,699
Operations and maintenance 2	240,063		54,479		8,227		11,995		(38,247)		(11,606)		264,911
Insurance and claims	153,454		47,971		1,453		2,297		4,477		(331)		209,321
Depreciation and amortization of property and equipment	271,381		42,925		882		12,344		27,438		—		354,970
Purchased transportation	240,532		14,189		223,390		126,463		11,257		(15,056)		600,775
Other segment items 2 3	220,987		89,820		12,769		11,380		36,205		(24,848)		346,313
Total operating expense	$	2,423,306	$	770,418	$	259,854	$	207,748	$	204,307	$	(53,133)	$	3,812,500
Operating income (loss)	$	126,203	$	18,094	$	7,450	$	(771)	$	(17,541)	$	—	$	133,435
Operating ratio	95.0%		97.7%		97.2%		100.4%		109.4%		100.0%		96.6%


	Year-to-Date June 30, 2025
Operating income (loss) by segment:	Truckload		LTL		Logistics		Intermodal		All Other Segments		Eliminations		Total
	(In thousands)
Total revenue	$	2,406,586	$	739,255	$	269,919	$	175,168	$	146,011	$	(50,637)	$	3,686,302
Less 1:
Salaries, wages, and benefits	$	879,196	$	417,579	$	13,538	$	29,442	$	137,591	$	(1,105)	$	1,476,241
Fuel	342,913		58,659		—		8,229		1,011		—		410,812
Operations and maintenance 2	245,566		50,119		9,250		12,763		(34,776)		(10,580)		272,342
Insurance and claims	137,013		28,503		2,293		3,183		6,514		—		177,506
Depreciation and amortization of property and equipment	263,881		47,162		1,073		11,632		30,269		—		354,017
Purchased transportation	214,926		16,922		219,952		104,450		5,699		(18,933)		543,016
Other segment items 2 3	233,071		89,284		13,123		10,710		(13,080)		(20,019)		313,089
Total operating expense	$	2,316,566	$	708,228	$	259,229	$	180,409	$	133,228	$	(50,637)	$	3,547,023
Operating income (loss)	$	90,020	$	31,027	$	10,690	$	(5,241)	$	12,783	$	—	$	139,279
Operating ratio	96.3%		95.8%		96.0%		103.0%		91.2%		100.0%		96.2%


ITEM 2.			MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


	Quarter Ended June 30,						Year-to-Date June 30,						QTD 2026 vs.		YTD 2026 vs.
	2026			2025			2026			2025			QTD 2025		YTD 2025
	(Dollars in thousands, except per tractor data)												Increase (Decrease)



Total revenue	$	1,347,343		$	1,214,036		$	2,549,509		$	2,406,586		11.0	%	5.9	%
Revenue, excluding fuel surcharge and intersegment transactions	$	1,103,069		$	1,073,300		$	2,148,176		$	2,121,383		2.8	%	1.3	%
GAAP: Operating income	$	89,145		$	45,420		$	126,203		$	90,020		96.3	%	40.2	%
Non-GAAP: Adjusted Operating Income 1	$	98,924		$	58,404		$	137,783		$	104,889		69.4	%	31.4	%
Average revenue per tractor 2	$	53,275		$	50,364		$	102,951		$	98,167		5.8	%	4.9	%
GAAP: Operating ratio 2	93.4		%	96.3		%	95.0		%	96.3		%	(290	bps)	(130	bps)
Non-GAAP: Adjusted Operating Ratio 1 2	91.0		%	94.6		%	93.6		%	95.1		%	(360	bps)	(150	bps)
Non-paid empty miles percentage 2	12.5		%	13.9		%	12.9		%	14.0		%	(140	bps)	(110	bps)
Average length of haul (miles) 2	376			369			375			371			1.9	%	1.1	%
Total miles per tractor 2	21,033			21,335			41,323			41,366			(1.4	%)	(0.1	%)
Average tractors 2 3	20,705			21,311			20,866			21,610			(2.8	%)	(3.4	%)
Average trailers 2 4	81,962			85,449			82,125			85,689			(4.1	%)	(4.2	%)


Results of Operations — Consolidated Operating and Other Expenses


	Year-to-Date June 30, 2026

GAAP: Cash flows from operations	$	450,358
Adjusted for:
Proceeds from sale of property and equipment, including assets held for sale	120,764
Purchases of property and equipment	(380,682)
Non-GAAP: Free Cash Flow	$	190,440


Source	June 30, 2026
	(In thousands)
Cash and cash equivalents, excluding restricted cash	$	186,114
Availability under 2025 Revolver, due July 8, 2030 1	1,485,305
Availability under 2025 RPA, due October 2, 2028 2	900

Total unrestricted liquidity	$	1,672,319
Cash and cash equivalents – restricted 3	81,545

Total liquidity, including restricted cash	$	1,753,864


	Year-to-Date June 30,				Change
	2026		2025
	(In thousands)
Net cash provided by operating activities	$	450,358	$	325,929	$	124,429
Net cash used in investing activities	(257,063)		(189,617)		(67,446)
Net cash used in financing activities	(234,376)		(161,586)		(72,790)


ITEM 3.			QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


ITEM 2.			UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


Period	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value That May Yet be Purchased Under the Plans or Programs 1
	(in thousands, except per share data)
April 1, 2026 to April 30, 2026	—	$	—	—	$	200,041
May 1, 2026 to May 31, 2026	—	$	—	—	$	200,041
June 1, 2026 to June 30, 2026	—	$	—	—	$	200,041
Total	—	$	—	—	$	200,041