RB Global (RBA) Q1 2026 earnings summary

Executive summary

• Achieved strong Q1 2026 results with 13% GTV growth to $4.34 billion, double-digit adjusted EBITDA and revenue growth, and broad-based sector strength, supported by recent acquisitions.

• Net income available to common stockholders increased 21% year-over-year to $124.6 million, with diluted adjusted EPS up 13% to $1.01.

• Received regulatory approval for the BigIron acquisition, expected to close in Q2 2026, supporting expansion into agriculture.

• Maintained focus on market share gains, customer engagement, and innovation, with record partner summit attendance and ongoing technology investments.

• Increased full-year 2026 guidance, citing operational excellence, continued market share gains, and successful M&A execution.

Financial highlights

• Total GTV rose 13% year-over-year to $4.34 billion, with automotive GTV up 7% and CC&T GTV up 27%.

• Service revenue increased 5% to $898 million, while inventory sales revenue surged 32% to $336.9 million.

• Adjusted EBITDA rose 11% to $363 million, outpacing service revenue growth.

• Adjusted diluted EPS increased 13% to $1.01, and operating income rose 15% to $217.5 million.

• Cash and cash equivalents at quarter-end were $667.2 million, up from $531.5 million at year-end.

Outlook and guidance

• Raised 2026 GTV growth outlook to 6%-9%, with adjusted EBITDA guidance at $1,485M–$1,545M and capital expenditures expected at $350M–$400M.

• Full-year tax rate expected at 23%-25%; guidance excludes BigIron impact and assumes no significant catastrophic events.

• Focus remains on volume-led growth, cost savings, and operational efficiency.

• Sufficient liquidity maintained with $1.0 billion in unused revolving credit facilities.