Radiant Logistics (RLGT) Q2 2026 earnings summary

Executive summary

• Quarterly revenue was $232.1 million, down 12.3% year-over-year due to lower project charter revenues, but up 16.2% when excluding the prior year's one-time Milton Project; net income was $5.3 million, down from $6.5 million.

• Adjusted EBITDA for Q2 FY2025 was $11.8 million, down 2% year-over-year, but up 93.4% excluding Project Milton; adjusted EBITDA margin expanded to 18.6% (excluding Project Milton), reflecting operational efficiency.

• Launched Navegate, a proprietary global trade management platform, and Ray, an AI-powered agent to streamline quote administration and enhance operational efficiency.

• Completed the acquisition of an 80% interest in Weport, a Mexico-based logistics provider, expanding the North American footprint.

• Repurchased 445,058 shares for $2.7 million during the quarter and extended the stock repurchase program through December 2027.

Financial highlights

• Q2 FY2025 net income: $5.3 million on $232.1 million revenue ($0.11 per share), down from $6.5 million on $264.5 million revenue ($0.14 per share) in Q2 FY2024.

• Adjusted Net Income for Q2 FY2025: $8.1 million, down 24.5% year-over-year, but up 30.6% excluding Milton Project.

• Six months ended Dec 31, 2025: net income $6.6 million on $458.8 million revenue ($0.14 per share), down 33% year-over-year.

• Adjusted EBITDA for six months: $18.6 million, down 13.5% year-over-year; normalized to $19.9 million excluding a $1.3 million adjustment.

• Cash and cash equivalents increased to $31.9 million as of December 31, 2025, from $22.9 million at June 30, 2025.

Outlook and guidance

• Management expects continued organic and acquisition-driven growth, focusing on expanding service offerings, geographic reach, and leveraging technology for operational efficiencies.

• The company maintains a balanced capital allocation strategy, investing in agent station conversions, tuck-in acquisitions, stock buybacks, and sales resources.

• Cautious about global economic uncertainty, inflationary pressures, and potential impacts on shipment volumes and margins.