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RB Global (RBA) investor relations material
RB Global Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Achieved broad-based GTV growth across all sectors, with notable strength in automotive, commercial construction, and transportation, driven by acquisitions, market share gains, and expanded partnerships such as the US GSA contract for 35,000 vehicles annually.
Implemented a new operating model and realigned executive leadership, targeting $25 million in annual run-rate savings by Q2 2026 and enhancing efficiency.
Completed the acquisition of J.M. Wood Auction Co. and announced the acquisition of Smith Broughton Auctioneers and Allied Equipment Sales in Australia, strengthening geographic presence.
Delivered strong operating leverage, with adjusted EBITDA up 16% and adjusted EPS up 31% year-over-year.
Divested DDI Technologies and entered a joint venture with LKQ Europe, resulting in a $15.5 million loss on deconsolidation and a 40% retained equity interest.
Financial highlights
GTV increased 7% year-over-year to $3.9 billion in Q3 2025, with automotive GTV up 6% and CC&T GTV up 9%; service revenue rose 8% to $845 million, and inventory sales revenue increased 23% to $247.7 million.
Adjusted EBITDA for Q3 2025 was $328 million, up from $284 million in Q3 2024, with margin rising to 8.4% from 7.8% year-over-year.
Adjusted diluted EPS rose to $0.93 in Q3 2025, up 31% year-over-year.
Net income increased 25% to $95.2 million, and net income available to common stockholders rose 21% to $80.7 million.
Adjusted net debt/EBITDA improved to 1.4x from 1.7x, and cash at quarter-end was $674.7 million.
Outlook and guidance
Full-year 2025 GTV growth expected at 0%–1% (tightened from 0%–3%), with adjusted EBITDA guidance raised to $1.35–$1.38 billion and tax rate expected at 22%–24%.
Capital expenditures for 2025 forecasted at $350–$400 million, supporting expansion and technology investments.
Guidance excludes any contribution from CAT-related GTV due to unpredictability of extreme weather events.
Reconcile Q3 GTV growth with 2025 outlook
Why did CC&T GTV rise despite fewer lots sold?
Impact of debt refinancing on interest expense?
GSA remarketed vehicle economics vs. salvage
Pace of operating model savings realization
Drivers of 25% incremental yard capacity
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Frequently asked questions
RB Global Inc. specializes in offering value-added insights, services, and transaction solutions to both buyers and sellers of commercial assets and vehicles on a global scale. Its operations facilitate the exchange of a wide range of commercial assets, including heavy equipment and vehicles, serving various sectors by leveraging its extensive marketplace infrastructure. This infrastructure enables RB Global to connect sellers with buyers worldwide, streamlining the transaction process and providing a platform for the exchange of assets and vehicles across numerous industries. The company is headquartered in Westchester, IL, and its shares are listed on the NYSE and TSX.
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