Radiant Logistics (RLGT) Q1 2026 earnings summary

Executive summary

• Revenue increased 11.3% year-over-year to $226.7 million for the quarter ended September 30, 2025, driven by acquisitions and growth in value-added services.

• Net income attributable to shareholders was $1.3 million ($0.03 per share), down from $3.4 million ($0.07 per share) in the prior year, primarily due to higher personnel and SG&A costs and a $1.3 million one-time bad debt expense.

• Adjusted EBITDA was $6.8 million, down 28.4% year-over-year; normalized for the one-time expense, adjusted EBITDA would have been $8.1 million.

• The company completed the acquisition of an 80% stake in Mexico-based Weport, expanding its North American and international logistics capabilities.

• Navegate, a proprietary global trade management platform, is positioned as a key differentiator and catalyst for future organic growth.

Financial highlights

• Adjusted net income was $4.5 million, or $0.09 per share, down 43% year-over-year; excluding the $1.3 million one-time bad debt expense, adjusted net income would have been $5.5 million.

• Adjusted EBITDA margin was 11.4% of adjusted gross profit, down from 16.4% year-over-year; normalized margin would have been 13.7%.

• Gross profit rose 5.5% to $57.1 million; adjusted gross profit increased 3.3% to $59.5 million.

• Operating expenses increased, with personnel costs up 9.9% to $21.6 million and SG&A up 17.0% to $12.1 million.

• Cash and cash equivalents at quarter-end were $28.1 million.

Outlook and guidance

• Management expects continued organic and acquisition-driven growth, leveraging technology and expanding the strategic partner network.

• Anticipate incremental organic growth from Navegate within the next few quarters, with long-term potential for broader adoption.

• Continued balanced capital allocation through acquisitions, stock buybacks, and investment in sales resources, especially for Navegate deployment.

• The company remains focused on productivity improvements and integration of recent acquisitions.

• Freight market remains challenging, but early signs of improvement in over-the-road brokerage pricing are noted.