Radiant Logistics (RLGT) Q4 2026 earnings summary

Executive summary

• Q4 revenue grew 18.5% year-over-year to $261.4M, with adjusted EBITDA up 31.6% to $10.4M and net income up 53.1% to $7.5M.

• Growth was driven by strong U.S. forwarding, domestic and international services, and notable air freight strength, including disaster relief support.

• Navegate platform adoption is accelerating, supporting complex supply chains and driving customer stickiness.

• Launched new independent agent program in truck brokerage and intermodal, expanding organic growth avenues.

• Entered fiscal 2027 with no net debt and a $200M credit facility extended to 2031, increasing acquisition capacity.

Financial highlights

• Q4 gross profit rose 11.2% to $64.4M; adjusted gross profit up 10.6% to $66.8M.

• Q4 adjusted net income increased 34.5% to $7.4M; adjusted EBITDA margin expanded by 240 basis points to 15.5%.

• Full-year revenue was $934.4M, net income $18.8M, and adjusted EBITDA $36.7M.

• Full-year adjusted net income was $25.3M; adjusted EBITDA margin was 14.9%, down from 16.2% prior year.

• Q4 EPS: $0.16 basic, $0.15 diluted; full-year EPS: $0.40 basic, $0.39 diluted.

Outlook and guidance

• Domestic freight market recovery expected to continue, with positive trends likely in upcoming quarters.

• Organic growth expected to accelerate, with Navegate and new agent programs as catalysts.

• Management advises modeling growth conservatively, focusing on gross margin rather than top-line revenue.

• Positioned for organic and acquisition-driven growth, leveraging expanded credit facility.

• International outlook remains complex due to trade policy and global shipping disruptions.