RXO · Rxo, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | - | $1.42B | $1.42B | $1.43B | - | $1.04B | $930.00M | $913.00M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $197.00M | - | $208.00M | $214.00M | $210.00M | - | $149.00M | $154.00M | $145.00M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $26.00M | - | $26.00M | $30.00M | $32.00M | - | $21.00M | $17.00M | $16.00M | - |
| Operating Income | ($28.00M) | - | ($7.00M) | $0 | ($30.00M) | - | ($20.00M) | $0 | ($12.00M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | ($13.00M) | - | ($1.00M) | ($1.00M) | ($8.00M) | - | $1.00M | ($1.00M) | ($6.00M) | - |
| Net Income | ($36.00M) | - | ($14.00M) | ($9.00M) | ($31.00M) | - | ($243.00M) | ($7.00M) | ($15.00M) | - |
| EPS - Basic | ($0.21) | - | ($0.08) | ($0.05) | ($0.18) | - | ($1.81) | ($0.06) | ($0.13) | - |
| EPS - Diluted | ($0.21) | - | ($0.08) | ($0.05) | ($0.18) | - | ($1.81) | ($0.06) | ($0.13) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $21.00M | $17.00M | $25.00M | $18.00M | $16.00M | $35.00M | $55.00M | $7.00M | $7.00M | $5.00M |
| Accounts Receivable | $1.22B | $1.23B | $1.10B | $1.06B | $1.15B | $1.23B | $1.14B | $725.00M | $716.00M | $743.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $584.00M | $539.00M | $481.00M | $461.00M | $498.00M | $568.00M | $572.00M | $382.00M | $372.00M | $414.00M |
| Current Assets | $1.33B | $1.32B | $1.20B | $1.18B | $1.25B | $1.34B | $1.25B | $776.00M | $770.00M | $796.00M |
| Total Assets | $3.27B | $3.28B | $3.20B | $3.20B | $3.30B | $3.41B | $3.39B | $1.81B | $1.80B | $1.82B |
| Current Liabilities | $1.05B | $1.04B | $907.00M | $880.00M | $964.00M | $1.06B | $947.00M | $662.00M | $674.00M | $682.00M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $1.51B | $1.54B | $1.58B | $1.59B | $1.59B | $1.61B | $1.65B | $579.00M | $582.00M | $594.00M |
| Retained Earnings | ($420.00M) | ($384.00M) | ($338.00M) | ($324.00M) | ($315.00M) | ($284.00M) | ($259.00M) | ($16.00M) | ($9.00M) | $6.00M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($7.00M) | - | - | - | ($2.00M) | - | - | - | $7.00M | - |
| Investing Cash Flow | ($17.00M) | - | - | - | ($25.00M) | - | - | - | ($11.00M) | - |
| Financing Cash Flow | $28.00M | - | - | - | $7.00M | - | - | - | $6.00M | - |
| CapEx | $17.00M | - | - | - | $15.00M | - | - | - | $11.00M | - |
| Free Cash Flow | ($24.00M) | - | - | - | ($17.00M) | - | - | - | ($4.00M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -2.0% | - | -0.5% | 0.0% | -2.1% | - | -1.9% | 0.0% | -1.3% | - |
| EBITDA margin | -0.1% | - | 1.3% | 2.1% | 0.1% | - | 0.1% | 1.8% | 0.4% | - |
| Net margin | -2.5% | - | -1.0% | -0.6% | -2.2% | - | -23.4% | -0.8% | -1.6% | - |
| Free cash flow margin | -1.7% | - | - | - | -1.2% | - | - | - | -0.4% | - |
| FCF / Net income | 0.67 | - | - | - | 0.55 | - | - | - | 0.27 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 13.8% | - | 14.6% | 15.1% | 14.7% | - | 14.3% | 16.6% | 15.9% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -1.1% | - | -0.4% | -0.3% | -0.9% | - | -7.2% | -0.4% | -0.8% | - |
| Return on equity | -2.4% | - | -0.9% | -0.6% | -2.0% | - | -14.7% | -1.2% | -2.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.27 | 1.27 | 1.32 | 1.35 | 1.30 | 1.26 | 1.33 | 1.17 | 1.14 | 1.17 |
| Quick ratio | 1.27 | 1.27 | 1.32 | 1.35 | 1.30 | 1.26 | 1.33 | 1.17 | 1.14 | 1.17 |
| Cash ratio | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.06 | 0.01 | 0.01 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.17 | 2.13 | 2.03 | 2.02 | 2.08 | 2.12 | 2.05 | 3.13 | 3.09 | 3.07 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.44 | - | 0.44 | 0.44 | 0.43 | - | 0.31 | 0.51 | 0.51 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 311d | - | 284d | 274d | 293d | - | 399d | 285d | 286d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.6x | - | 1.6x | 1.7x | 2.0x | - | 2.3x | 5.3x | 4.4x | - |
| P / S | 1.7x | - | 1.8x | 1.9x | 2.2x | - | 3.6x | 3.3x | 2.8x | - |
| EV / EBITDA | - | - | 135.1x | 87.7x | 1596.6x | - | 3699.7x | 180.5x | 639.1x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -0.6% | - | 36.6% | 52.6% | 57.0% | - | 6.6% | -24.1% | -9.6% | - |
| Revenue CAGR (3y) | 12.2% | - | 7.7% | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 6.7% | - | 65.0% | - | -150.0% | - | - | - | - | - |
| Net income growth (YoY) | -16.1% | - | 94.2% | -28.6% | -106.7% | - | -24200.0% | - | - | - |
| EPS growth (YoY) | -16.7% | - | 95.6% | 16.7% | -38.5% | - | -18000.0% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -41.2% | - | - | - | -325.0% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -4.9% | -4.4% | -4.4% | 174.3% | 172.7% | 171.4% | 180.0% | -1.7% | -0.5% | 1.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.74B totalReportable Segment$5.74B · 100.0%
Product / service
$5.74B totalTruck Brokerage$4.22B · 73.6%
Last Mile$1.20B · 20.8%
Managed Transportation$549.00M · 9.6%
Product And Service Eliminations($228.00M) · -4.0%
Peer comparison
Same SIC group: Transportation Services
Comparing RXO against the 5 most active filers in the same SIC group.