RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE SECOND FISCAL QUARTER ENDED DECEMBER 31, 2025

Rhea-AI Summary

Radiant Logistics (NYSE: RLGT) reported Q2 FY2026 results with revenues of $232.1M and net income attributable of $5.3M ($0.11/share). Excluding a prior-year $64.8M Milton Project, revenue and adjusted gross profit rose ~16% YoY and adjusted EBITDA improved sharply on a normalized basis.

The company remains virtually debt free, repurchased 445,058 shares for $2.7M, and launched its Navegate platform and AI agent “Ray” to drive digital transformation and operational efficiencies.

Positive

• Revenue ex‑Milton +16.2% QoQ/YoY for Q2 ended Dec 31, 2025
• Adjusted gross profit ex‑Milton +16.0% versus prior year quarter
• Adjusted EBITDA ex‑Milton +93.4% compared to prior year quarter
• Virtually no net debt as of Dec 31, 2025 relative to $200M facility
• Share buyback of $2.7M (445,058 shares) during the quarter
• Launched Navegate platform and AI agent “Ray” to improve operations

Negative

• Reported revenue down 12.2% to $232.1M due to prior‑year Milton Project
• Adjusted net income decline of 24.3% to $8.1M for the quarter
• Adjusted EBITDA down 1.7% to $11.8M year‑over‑year for the quarter

Market Reaction

+12.07% $7.89 3.2x vol

15m delay 15 alerts

+12.07% Since News

$7.89 Last Price

$7.45 $7.97 Day Range

+$40M Valuation Impact

$369M Market Cap

3.2x Rel. Volume

Following this news, RLGT has gained 12.07%, reflecting a significant positive market reaction. Our momentum scanner has triggered 15 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $7.89. This price movement has added approximately $40M to the company's valuation. Trading volume is very high at 3.2x the average, suggesting strong buying interest.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.

Key Figures

Q2 2025 revenues: $232.1 million Q2 2025 gross profit: $61.0 million Q2 2025 net income: $5.3 million +5 more

8 metrics

Q2 2025 revenues $232.1 million Three months ended December 31, 2025

Q2 2025 gross profit $61.0 million Three months ended December 31, 2025

Q2 2025 net income $5.3 million Attributable to Radiant Logistics, Inc.

Q2 2025 adjusted EBITDA $11.8 million Three months ended December 31, 2025

Shares repurchased 445,058 shares Buy-back during three months ended December 31, 2025 at $5.97 avg

Shares outstanding 46,826,544 shares As of December 31, 2025

Shelf registration size $150,000,000 S-3 shelf filed December 22, 2025

Credit facility $200.0 million Stated facility size; company indicated no net debt as of Dec 31, 2025

Market Reality Check

Price: $7.04 Vol: Volume 156,178 versus 20-...

normal vol

$7.04 Last Close

Volume Volume 156,178 versus 20-day average 116,056 ahead of the earnings release. normal

Technical Shares at $7.04, trading above 200-day MA of $6.21 and about 11% below 52-week high of $7.94.

Peers on Argus

RLGT was up 1.71% while peers showed mixed moves: FLX gained 4.26%, FWRD rose 0....

1 Down

RLGT was up 1.71% while peers showed mixed moves: FLX gained 4.26%, FWRD rose 0.85%, CYRX, PAL and PBI declined. Only PAL appeared in momentum scans with a sharp downside move, indicating this earnings release looks more stock-specific than sector-driven.

Common Catalyst Select peers like PAL also reported earnings, but price reactions were not uniformly aligned across the group.

Historical Context

5 past events · Latest: Feb 04 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 04	Earnings call notice	Neutral	-1.9%	Scheduled investor call to discuss Q2 FY25 financial results.
Jan 15	Dividend tax info	Neutral	-2.5%	ALEX 2025 dividend allocation details; informational for tax reporting.
Jan 15	Capital structure data	Neutral	+0.9%	DANOY disclosure of shares outstanding and voting rights statistics.
Nov 17	Buyback authorization	Positive	-0.2%	Authorization to repurchase up to 5,000,000 RLGT shares through 2027.
Nov 10	Q1 FY25 earnings	Neutral	+1.6%	Q1 results: revenue and gross profit up, but lower net and adjusted EBITDA.

Pattern Detected

Recent RLGT-specific news (earnings, buybacks) has generally seen modest price reactions, with only the buyback renewal showing slight divergence from its typically positive framing.

Recent Company History

Over the past few months, Radiant reported Q1 FY25 results on Nov 10, 2025 with revenue and gross profit growth but softer earnings metrics, followed by a stock repurchase authorization of up to 5,000,000 shares on Nov 17, 2025. An 8‑K on the annual meeting in November detailed board elections and auditor ratification. On Feb 4, 2026, Radiant pre‑announced today’s Q2 results call. Today’s detailed Q2 release builds directly on that prior earnings and capital-return narrative.

Regulatory & Risk Context

Active S-3 Shelf · $150,000,000

Shelf Active

Active S-3 Shelf Registration 2025-12-22

$150,000,000 registered capacity

An effective S-3 shelf filed on Dec 22, 2025 allows Radiant to offer up to $150,000,000 of various securities over time, providing flexibility to raise capital for growth, acquisitions, or balance sheet purposes, but also introducing potential dilution when utilized.

Market Pulse Summary

The stock is surging +12.1% following this news. A strong positive reaction aligns with the company’...

Analysis

The stock is surging +12.1% following this news. A strong positive reaction aligns with the company’s emphasis on underlying growth once the prior-year Milton Project is excluded. The release showed higher gross profit and improved adjusted margins, alongside buybacks of 445,058 shares and low leverage. Historically, RLGT’s earnings updates have produced modest moves, so a large upside reaction would have stood out against that backdrop. Investors would still need to monitor capital-raising flexibility under the $150,000,000 shelf and any future acquisition or buyback activity.

Key Terms

adjusted gross profit, adjusted net income, adjusted EBITDA, non-GAAP financial measure, +1 more

5 terms

adjusted gross profit financial

"Adjusted gross profit, a non-GAAP financial measure, of $63.5 million..."

Adjusted gross profit is a company’s revenue from selling goods or services minus the direct costs of producing them, with one-time or unusual items added back or removed to show the core margin. Investors use it like a cleaned-up snapshot of how much a business actually earns on its products, similar to measuring body weight after removing heavy clothes, because it helps compare performance across periods and companies without noise from rare events.

adjusted net income financial

"Adjusted net income, a non-GAAP financial measure, of $8.1 million..."

Adjusted net income is a company's reported profit after removing unusual, one-time, or non-operational items so the number reflects the business’s regular earning power. Investors use it like a cleaned-up scorecard — similar to judging a player’s season performance without a few fluke games — to compare companies or assess trends without being misled by rare gains or losses that won’t affect future cash flow.

adjusted EBITDA financial

"Adjusted EBITDA, a non-GAAP financial measure, of $11.8 million..."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-GAAP financial measure financial

"Adjusted gross profit, a non-GAAP financial measure, of $63.5 million..."

A non-GAAP financial measure is a way companies present their financial results that excludes certain expenses or income to show how they believe their core business is performing. It matters because it can give a clearer picture of how the company is really doing, but it can also be used to make results look better than they actually are.

basis points financial

"adjusted EBITDA margin ... of 18.6% or 40 basis points..."

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

AI-generated analysis. Not financial advice.

Well positioned with low leverage and acquisition and organic growth drivers;
Advancing digital transformation with Navegate platform; and
Launch of Company's first AI Agent, "Ray", to streamline international operations

RENTON, Wash., Feb. 9, 2026 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE American: RLGT), a technology-enabled global transportation and value-added logistics services company, today reported financial results for the three and six months ended December 31, 2025.

Financial Highlights – Three Months Ended December 31, 2025

• Revenues of $232.1 million for the second fiscal quarter ended December 31, 2025, down $32.4 million or 12.2%, compared to revenues of $264.5 million for the comparable prior year period. The comparable year ago period included $64.8 million in revenues for air charters to bring approximately 8 million units of IV fluid to the U.S. as a result of the national shortages resulting from Hurricane Milton (the "Milton Project"). Excluding this $64.8 million in revenues from the Milton Project in the comparable year ago period, revenues for the second fiscal quarter ended December 31, 2025, were up $32.4 million or 16.2%, compared to revenues of $199.7 million for the second fiscal quarter ended December 31, 2024.
• Gross profit of $61.0 million for the second fiscal quarter ended December 31, 2025, up $1.4 million or 2.3%, compared to gross profit of $59.6 million for the comparable prior year period. Excluding $7.0 million in gross profit from the Milton Project in the comparable year ago period, gross profit for the second fiscal quarter ended December 31, 2025, was up $8.4 million or 16.0%, compared to gross profit of $52.6 million for the second fiscal quarter ended December 31, 2024.
• Adjusted gross profit, a non-GAAP financial measure, of $63.5 million for the second fiscal quarter ended December 31, 2025, up $0.2 million or 0.3%, compared to adjusted gross profit of $63.3 million for the comparable prior year period. Excluding $7.0 million in adjusted gross profit from the Milton Project in the comparable prior year period, adjusted gross profit for the second fiscal quarter ended December 31, 2025, was up $7.2 million or 12.8%, compared to adjusted gross profit of $56.3 million for the second fiscal quarter ended December 31, 2024.
• Net income attributable to Radiant Logistics, Inc. of $5.3 million, or $0.11 per basic and fully diluted share for the second fiscal quarter ended December 31, 2025, compared to $6.5 million, or $0.14 per basic and $0.13 per fully diluted share for the comparable prior year period.
• Adjusted net income, a non-GAAP financial measure, of $8.1 million, or $0.17 per basic and fully diluted share for the second fiscal quarter ended December 31, 2025, down $2.6 million or 24.3%, compared to adjusted net income of $10.7 million, or $0.23 per basic and $0.22 per fully diluted share for the comparable prior year period. Excluding $4.5 million in adjusted net income from the Milton Project in the comparable year ago period, adjusted net income for the second fiscal quarter ended December 31, 2025, was up $1.9 million or 30.6%, compared to adjusted net income of $6.2 million for the second fiscal quarter ended December 31, 2024. Adjusted net income is calculated by applying a normalized tax rate of 24.5% and excludes costs unrelated to our core operations.
• Adjusted EBITDA, a non-GAAP financial measure, of $11.8 million for the second fiscal quarter ended December 31, 2025, down $0.2 million or 1.7%, compared to adjusted EBITDA of $12.0 million for the comparable prior year period. Excluding $5.9 million in adjusted EBITDA from the Milton Project in the comparable year ago period, adjusted EBITDA for the second fiscal quarter ended December 31, 2025, was up $5.7 million or 93.4%, compared to adjusted EBITDA of $6.1 million for the second fiscal quarter ended December 31, 2024.
• Adjusted EBITDA margin (adjusted EBITDA expressed as a percentage of adjusted gross profit), a non-GAAP financial measure, of 18.6% or 40 basis points, for the second fiscal quarter ended December 31, 2025, compared to adjusted EBITDA margin of 19.0% for the comparable prior year period. Excluding $5.9 million in adjusted EBITDA from the Milton Project in the comparable year ago period, adjusted EBITDA margin for the second fiscal quarter ended December 31, 2025 of 18.6% up 780 basis points when compared to the 10.8% adjusted EBITDA margin for the second fiscal quarter ended December 31, 2024.

Stock Buy-Back

We purchased 445,058 shares of our common stock at an average cost of $5.97 per share for an aggregate cost of $2.7 million during the three months ended December 31, 2025.

As of December 31, 2025, the Company had 46,826,544 shares outstanding.

CEO Bohn Crain Comments on Results

"With the benefit of our diversified service offering we delivered another quarter of solid financial results generating $11.8 million in adjusted EBITDA for our second fiscal quarter ended December 31, 2025," said Bohn Crain, Founder and CEO of Radiant Logistics. "The comparable year ago period included $64.8 million in revenues for air charters to bring approximately 8 million units of IV fluid to the U.S. as a result of the national shortages resulting from Hurricane Milton (the "Milton Project"). When excluding $5.9 million in adjusted EBITDA from the Milton Project in the year ago period, adjusted EBITDA increased by $5.7 million or 93.4%, compared to $6.1 million for the second fiscal quarter ended December 31, 2024. This growth breaks down as follows: Same-Store Growth of $3.6 million in our U.S. Operations, $1.4 million in our Canadian Operations, and Acquisition Growth of $0.7 million. Without the lower margin of Milton Project in the current period, our adjusted gross profit margin returned to more normalized levels, improving 340 basis points to 27.3% compared to 23.9% in the year ago period, demonstrating our ability to maintain solid margins even as we navigate a challenging freight market. Importantly, when excluding the impact of Project Milton in the comparable year ago period, our adjusted EBITDA margin expanded by 780 basis points to 18.6%, reflecting our continued focus on operational efficiency and disciplined cost management.

And while still very early in our journey, we continue to be encouraged about the prospects of Navegate, our proprietary global trade management and collaboration platform. Navegate represents a meaningful differentiator for us in the marketplace and supports both domestic and international shipments by aggregating and organizing supply-chain data to deliver enhanced visibility, automation and faster decision making. With streamlined deployment measured in weeks – not months or years – our customers can quickly reduce costs, optimize routing and improve buying and routing decisions. We believe this speed to market and ease of deployment represent a clear competitive advantage and that Navegate will serve as a meaningful catalyst for organic growth as we introduce the technology to our current and prospective customers in coming quarters.

We are also pleased to announce the launch of 'Ray', our first AI-powered agent, which is initially focused on streamlining the administration of quote requests from our international agents around the world. Ray represents an important step in our ongoing digital transformation journey and complements our Navegate platform by further automating and accelerating key workflows. By leveraging artificial intelligence to handle routine quote administration tasks, we expect Ray to improve response times for our global network of agents, enhance service quality for our customers, and drive additional operational efficiencies across our organization. We look forward to expanding Ray's capabilities and introducing additional AI-powered solutions in the coming quarters."

Mr. Crain continued, "As previously discussed, we believe our durable business model, diverse service offering, disciplined approach to capital allocation and low leverage continues to serve us well. We remain virtually debt free (no net debt of as of December 31, 2025) relative to our $200.0 million credit facility and on track with our continued efforts to deliver profitable growth through a combination of organic and acquisition initiatives, while thoughtfully re-levering our balance sheet through a combination of strategic operating partner conversions, synergistic tuck-in acquisitions, and stock buy-backs.. With respect to our stock buy-back program, we acquired another $2.7 million of our stock through the three months ended December 31, 2025. Looking ahead, we expect to stay the course with our balanced approach to capital allocation through a combination of agent station conversions, synergistic tuck‑in acquisitions, and stock buy‑backs while at the same time looking to invest in incremental sales resources with attention given to our deployment of the Navegate technology."

Second Fiscal Quarter Ended December 31, 2025 – Financial Results

For the three months ended December 31, 2025, Radiant reported net income attributable to Radiant Logistics, Inc. of $5.3 million on $232.1 million of revenues, or $0.11 per basic and fully diluted share. For the three months ended December 31, 2024, Radiant reported net income attributable to Radiant Logistics, Inc. of $6.5 million on $264.5 million of revenues, or $0.14 per basic and $0.13 per fully diluted share.

For the three months ended December 31, 2025, Radiant reported adjusted net income, a non-GAAP financial measure, of $8.1 million, or $0.17 per basic and fully diluted share. For the three months ended December 31, 2024, Radiant reported adjusted net income of $10.7 million, or $0.23 per basic and $0.22 per fully diluted share.

For the three months ended December 31, 2025, Radiant reported adjusted EBITDA, a non-GAAP financial measure, of $11.8 million, compared to $12.0 million for the comparable prior year period.

Six Months Ended December 31, 2025 – Financial Results

For the six months ended December 31, 2025, the Company reported net income attributable to Radiant Logistics, Inc. of $6.6 million on $458.8 million of revenues, or $0.14 per basic and fully diluted share. For the six months ended December 31, 2024, the Company reported net income attributable to Radiant Logistics, Inc. of $9.8 million on $468.1 million of revenues, or $0.21 per basic and $0.20 per fully diluted share.

For the Six Months Ended December 31, 2025, the Company reported adjusted net income, a non-GAAP financial measure, of $12.5 million, or $0.27 per basic and $0.26 per fully diluted share. For the six months ended December 31, 2024, the Company reported adjusted net income of $18.6 million, or $0.40 per basic and $0.38 per fully diluted share. Normalizing these results to exclude the $1.3 million First Brands adjustment, adjusted net income would have been $13.5 million for the six months ended December 31, 2025.

For the six months ended December 31, 2025, the Company reported adjusted EBITDA, a non-GAAP financial measure, of $18.6 million, compared to $21.5 million for the comparable prior year period. Normalizing these results to exclude the $1.3 million First Brands adjustment, adjusted EBITDA would have been $19.9 million for the six months ended December 31, 2025.

Earnings Call and Webcast Access Information

Radiant Logistics, Inc. will host a conference call on Monday, February 9, 2026 at 4:30 PM Eastern to discuss the contents of this release. The conference call is open to all interested parties, including individual investors and press. Bohn Crain, Founder and CEO will host the call.

Conference Call Details

DATE/TIME:	Monday, February 9, 2026 at 4:30 PM Eastern
DIAL-IN	US (888) 506-0062; Intl. (973) 528-0011 (Participant Access Code: 209811)
REPLAY	February 10, 2026 at 9:30 AM Eastern to February 23, 2026 at 4:30 PM Eastern, US (877) 481-4010; Intl. (919) 882-2331 (Replay ID number: 53602)

Webcast Details 

This call is also being webcast and may be accessed via Radiant's web site at www.radiantdelivers.com or at https://www.webcaster5.com/Webcast/Page/2191/53602

About Radiant Logistics (NYSE American: RLGT)

Radiant Logistics, Inc. (www.radiantdelivers.com) operates as a third-party logistics company, providing technology-enabled global transportation and value-added logistics services primarily to customers in the United States, Canada, and Mexico. Through its comprehensive service offerings, Radiant provides domestic and international freight forwarding and freight brokerage services to a diversified account base including manufacturers, distributors and retailers, which it supports from an extensive network of company and agent-owned offices throughout North America and other key markets around the world. Radiant's value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management and technology services.

This press release contains "forward-looking statements" within the meaning set forth in United States securities laws and regulations – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as "anticipate," "believe," "estimates," "expect," "future," "intend," "may," "plan," "see," "seek," "strategy," or "will" or the negative thereof or any variation thereon or similar terminology or expressions. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. We have developed our forward-looking statements based on management's beliefs and assumptions, which in turn rely upon information available to them at the time such statements were made. Such forward-looking statements reflect our current perspectives on our business, future performance, existing trends and information as of the date of this report. These include, but are not limited to, our beliefs about future revenue and expense levels, growth rates, prospects related to our strategic initiatives and business strategies, along with express or implied assumptions about, among other things: our continued relationships with our strategic operating partners; the performance of our historic business, as well as the businesses we have recently acquired, at levels consistent with recent trends and reflective of the synergies we believe will be available to us as a result of such acquisitions; our ability to successfully integrate our recently acquired businesses; our ability to locate suitable acquisition opportunities and secure the financing necessary to complete such acquisitions; transportation costs remaining in line with recent levels and expected trends; our ability to mitigate, to the best extent possible, our dependence on current management and certain larger strategic operating partners; our compliance with financial and other covenants under our indebtedness; the absence of any adverse laws or governmental regulations affecting the transportation industry in general, and our operations in particular; our ability to continue to respond to macroeconomic factors that have recently had a negative effect on worldwide freight markets; the impact of any health pandemic or environmental event on our operations and financial results; continued disruptions in the global supply chain; higher inflationary pressures particularly surrounding the costs of fuel, labor, and other components of our operations; potential adverse legal, reputational and financial effects on the Company resulting from prior or future cyber incidents and the effectiveness of the Company's business continuity plans in response to cyber incidents; the commercial, reputational and regulatory risks to our business that may arise as a consequence of our prior inability to remediate a material weakness in our internal control over financial reporting, and the further risks that may arise should we be unable to maintain an effective system of disclosure controls and internal control over financial reporting in the future; and such other factors that may be identified from time to time in our U.S Securities and Exchange Commission ("SEC") filings and other public announcements including those set forth under the caption "Risk Factors" in Part 1 Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025. All subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the foregoing. Readers are cautioned not to place undue reliance on our forward-looking statements, as they speak only as of the date made. We disclaim any obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

 

RADIANT LOGISTICS, INC. Consolidated Balance Sheets (unaudited)
	December 31,				June 30,
(In thousands, except share and per share data)	2025				2025
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	31,884			$	22,942
Accounts receivable, net of allowance of $3,454 and $2,128, respectively		139,947				134,911
Contract assets		6,477				6,904
Income tax receivable		1,887				2,194
Prepaid expenses and other current assets		11,196				12,299
Total current assets		191,391				179,250
Property, technology, and equipment, net		21,944				23,489
Goodwill		121,146				117,637
Intangible assets, net		48,290				49,123
Operating lease right-of-use assets		54,669				55,066
Deposits and other assets		2,007				2,209
Total other long-term assets		226,112				224,035
Total assets	$	439,447			$	426,774
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	74,124			$	74,411
Operating partner commissions payable		10,469				10,541
Accrued expenses		11,959				10,637
Current portion of operating lease liabilities		13,445				12,741
Current portion of finance lease liabilities		263				282
Current portion of contingent consideration		9,170				6,050
Other current liabilities		806				483
Total current liabilities		120,236				115,145
Notes payable		30,000				20,000
Operating lease liabilities, net of current portion		47,568				49,245
Finance lease liabilities, net of current portion		846				969
Contingent consideration, net of current portion		7,130				13,300
Deferred tax liabilities		2,400				1,782
Other long-term liabilities		10				248
Total long-term liabilities		87,954				85,544
Total liabilities		208,190				200,689
Redeemable noncontrolling interest		1,321				—
Equity:
Common stock, $0.001 par value, 100,000,000 shares authorized; 52,592,617 and    52,324,201 shares issued, and 46,826,544 and 47,143,178 shares outstanding,    respectively		34				34
Additional paid-in capital		111,388				110,588
Treasury stock, at cost, 5,766,073 and 5,181,023 shares, respectively		(35,457)				(31,964)
Retained earnings		157,167				150,569
Accumulated other comprehensive loss		(3,304)				(3,211)
Total Radiant Logistics, Inc. stockholders' equity		229,828				226,016
Noncontrolling interest		108				69
Total equity		229,936				226,085
Total liabilities and equity	$	439,447			$	426,774

 

RADIANT LOGISTICS, INC. Consolidated Statements of Comprehensive Income (unaudited)
	Three Months Ended December 31,								Six Months Ended December 31,
(In thousands, except share and per share data)	2025				2024				2025				2024
Revenues	$	232,130			$	264,544			$	458,785			$	468,109
Operating expenses:
Cost of transportation and other services		168,669				201,239				335,871				347,250
Operating partner commissions		20,307				19,291				40,303				38,092
Personnel costs		22,589				19,554				44,160				39,177
Selling, general and administrative expenses		9,609				12,000				21,683				22,321
Depreciation and amortization		3,566				5,038				7,092				9,843
Change in fair value of contingent consideration		(90)				(1,300)				110				(1,100)
Total operating expenses		224,650				255,822				449,219				455,583
Income from operations		7,480				8,722				9,566				12,526
Other income (expense):
Interest income		36				367				80				832
Interest expense		(625)				(311)				(1,230)				(548)
Foreign currency transaction gain (loss)		(120)				181				(116)				119
Change in fair value of interest rate swap contracts		—				(301)				—				(741)
Other		174				14				259				1,053
Total other income (expense)		(535)				(50)				(1,007)				715
Income before income taxes		6,945				8,672				8,559				13,241
Income tax expense		(1,725)				(2,163)				(2,064)				(3,308)
Net income		5,220				6,509				6,495				9,933
Net loss (income) attributable to noncontrolling interest		85				(42)				103				(90)
Net income attributable to Radiant Logistics, Inc.	$	5,305			$	6,467			$	6,598			$	9,843
Other Comprehensive income attributable to Radiant Logistics, Inc.:
Foreign currency translation gain (loss)		869				(2,911)				(93)				(2,271)
Comprehensive loss attributable to noncontrolling interest		40				—				53				—
Comprehensive income attributable to Radiant Logistics, Inc.	$	6,129			$	3,598			$	6,455			$	7,662
Income per share:
Basic	$	0.11			$	0.14			$	0.14			$	0.21
Diluted	$	0.11			$	0.13			$	0.14			$	0.20
Weighted average common shares outstanding:
Basic		46,912,966				46,942,639				47,039,566				46,831,938
Diluted		48,665,202				48,983,153				48,701,899				48,784,482

Reconciliation of Non-GAAP Measures
RADIANT LOGISTICS, INC.

Reconciliation of Gross Profit to Adjusted Gross Profit, Net Income Attributable to Radiant Logistics, Inc.
to Adjusted Net Income, EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin
(unaudited)

As used in this report adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin are not measures of financial performance or liquidity under United States Generally Accepted Accounting Principles ("GAAP"). Adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin are presented herein because they are important metrics used by management to evaluate and understand the performance of the ongoing operations of Radiant's business. For adjusted net income, management uses a 24.5% tax rate to calculate the provision for income taxes to normalize Radiant's tax rate to that of its competitors and to compare Radiant's reporting periods with different effective tax rates. In addition, in arriving at adjusted net income, the Company adjusts for certain non-cash charges and significant items that are not part of regular operating activities. These adjustments include income taxes, depreciation and amortization, costs unrelated to our core operations, and other non-cash charges.

We commonly refer to the term "adjusted gross profit" when commenting about our Company and the results of operations. Adjusted gross profit is a non-GAAP measure calculated as revenues less directly related operations and expenses attributed to the Company's services. Adjusted gross profit is calculated as GAAP gross profit exclusive of depreciation and amortization, which are reported separately. We believe adjusted gross profit is a better measurement than are total revenues when analyzing and discussing the effectiveness of our business and is used as a portion of a key metric the Company uses to discuss its progress.

EBITDA is a non-GAAP financial measure of income and does not include the effects of interest, income taxes, and the "non-cash" effects of depreciation and amortization on long-term assets. Companies have some discretion as to which elements of depreciation and amortization are excluded in the EBITDA calculation. We exclude all depreciation charges related to property, technology, and equipment and all amortization charges (including amortization of leasehold improvements). We then further adjust EBITDA to exclude share-based compensation, costs unrelated to our core operations (primarily acquisition and litigation costs), allocation of earnings attributable to noncontrolling interests in subsidiaries, and other non-cash charges. While management considers EBITDA and adjusted EBITDA useful in analyzing our results, it is not intended to replace any presentation included in our consolidated financial statements.

We believe that these non-GAAP financial measures, as presented, represent a useful method of assessing the performance of our operating activities, as they reflect our earnings trends without the impact of certain non-cash charges and other non-recurring charges. These non-GAAP financial measures are intended to supplement the GAAP financial information by providing additional insight regarding results of operations to allow a comparison to other companies, many of whom use similar non-GAAP financial measures to supplement their GAAP results. However, these non-GAAP financial measures will not be defined in the same manner by all companies and may not be comparable to other companies. Adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin should not be considered in isolation or as a substitute for any of the consolidated statements of comprehensive income prepared in accordance with GAAP, or as an indication of Radiant's operating performance or liquidity. 

(In thousands)	Three Months Ended December 31,								Six Months Ended December 31,
Reconciliation of adjusted gross profit to GAAP gross profit	2025				2024				2025				2024
Revenues	$	232,130			$	264,544			$	458,785			$	468,109
Cost of transportation and other services (exclusive of     depreciation and amortization, shown separately below)		(168,669)				(201,239)				(335,871)				(347,250)
Depreciation and amortization		(2,445)				(3,707)				(4,784)				(7,195)
GAAP gross profit	$	61,016			$	59,598			$	118,130			$	113,664
Depreciation and amortization		2,445				3,707				4,784				7,195
Adjusted gross profit	$	63,461			$	63,305			$	122,914			$	120,859
GAAP gross profit percentage		26.3	%			22.5	%			25.7	%			24.3	%
Adjusted gross profit percentage		27.3	%			23.9	%			26.8	%			25.8	%
Reconciliation of GAAP net income to adjusted EBITDA	2025				2024				2025				2024
Net income attributable to Radiant Logistics, Inc.	$	5,305			$	6,467			$	6,598			$	9,843
Income tax expense		1,725				2,163				2,064				3,308
Depreciation and amortization (1)		3,566				5,038				7,092				9,957
Net interest expense		589				(56)				1,150				(284)
Share-based compensation		508				(1,813)				932				(1,650)
Change in fair value of contingent consideration		(90)				(1,300)				110				(1,100)
Lease termination costs		54				1,166				162				1,166
Change in fair value of interest rate swap contracts		—				301				—				741
Other (2)		117				50				463				(513)
Adjusted EBITDA		11,774				12,016				18,571				21,468
Adjusted EBITDA as a % of adjusted gross profit (3)		18.6	%			19.0	%			15.1	%			17.8	%

(1)	Depreciation and amortization for the purposes of calculating adjusted EBITDA, a non-GAAP financial measure, includes depreciation expenses recognized on certain computer software as a service.
(2)	Other includes costs unrelated to our core operations (primarily acquisition and litigation costs), and other non-cash charges.
(3)	Adjusted gross profit is revenues less the cost of transportation and other services.

 

(In thousands, except share and per share data)	Three Months Ended December 31,								Six Months Ended December 31,
Reconciliation of GAAP net income to adjusted net income	2025				2024				2025				2024
GAAP net income attributable to Radiant Logistics, Inc.	$	5,305			$	6,467			$	6,598			$	9,843
Adjustments to net income:
Income tax expense		1,725				2,163				2,064				3,308
Depreciation and amortization		3,566				5,038				7,092				9,843
Change in fair value of contingent consideration		(90)				(1,300)				110				(1,100)
Lease termination costs		54				1,166				162				1,166
Change in fair value of interest rate swap contracts		—				301				—				741
Other		137				332				587				806
Adjusted net income before income taxes		10,697				14,167				16,613				24,607
Provision for income taxes at 24.5%		(2,621)				(3,471)				(4,070)				(6,029)
Adjusted net income	$	8,076			$	10,696			$	12,543			$	18,578
Adjusted net income per common share:
Basic	$	0.17			$	0.23			$	0.27			$	0.40
Diluted	$	0.17			$	0.22			$	0.26			$	0.38
Weighted average common shares outstanding:
Basic		46,912,966				46,942,639				47,039,566				46,831,938
Diluted		48,665,202				48,983,153				48,701,899				48,784,482

 

 

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SOURCE Radiant Logistics, Inc.

FAQ

What were Radiant Logistics (RLGT) Q2 FY2026 revenues and EPS on Feb 9, 2026?

Radiant reported $232.1 million in revenues and net income attributable of $5.3 million ($0.11 per share). According to the company, those results include a year‑over‑year comparison impacted by a prior Milton Project air charter in the comparable period.

How did excluding the Milton Project affect RLGT's Q2 FY2026 performance?

Excluding the prior‑year Milton Project, revenues rose about 16.2% and adjusted gross profit rose 16.0%. According to the company, adjusted EBITDA ex‑Milton increased ~93.4%, showing stronger normalized operating performance.

What did Radiant report for adjusted EBITDA and margins for the quarter ended December 31, 2025?

Adjusted EBITDA was $11.8 million with an adjusted EBITDA margin of 18.6% for the quarter. According to the company, margin expansion is larger on an ex‑Milton basis versus the prior year comparable period.

What capital actions did RLGT take in Q2 FY2026 and what is its balance sheet position?

Radiant repurchased 445,058 shares for an aggregate $2.7M and had virtually no net debt as of Dec 31, 2025. According to the company, this supports continued buybacks, tuck‑ins, and selective sales investments.

What are Radiant's strategic technology initiatives announced on Feb 9, 2026 and expected impact?

Radiant launched the Navegate trade management platform and AI agent Ray to automate quote administration and improve visibility. According to the company, these tools aim to accelerate decision making, reduce costs, and act as catalysts for organic growth.