Quarterly ResultMay 7, 2026, 06:37 AM
RXO Q1 Net Loss $36M; Q2 Adj. EBITDA Outlook $27M-$37M
AI Summary
RXO reported a Q1 2026 GAAP net loss of $36 million, an increase from $31 million in Q1 2025, with adjusted EBITDA falling to $6 million from $22 million year-over-year. Despite the weaker financial results, the company saw positive operational trends, including sequential improvement in full truckload volume and a 500 basis point increase in Brokerage truckload spot mix. RXO also refinanced its 2027 Senior Notes and anticipates significant sequential improvement in Q2 2026, with adjusted EBITDA projected between $27 million and $37 million.
Key Highlights
- Q1 2026 GAAP net loss was $36 million, compared to $31 million in Q1 2025.
- Adjusted EBITDA for Q1 2026 was $6 million, down from $22 million year-over-year.
- Revenue for Q1 2026 was $1.425 billion, slightly down from $1.433 billion in Q1 2025.
- Brokerage full truckload volume improved every month in Q1, with spot mix up 500 bps sequentially.
- Managed Transportation secured over $100 million in new freight under management.
- Refinanced 2027 Senior Notes with new notes maturing May 2031 at 6.375% coupon.
- Q2 2026 adjusted EBITDA is projected to be between $27 million and $37 million.
- Expects full-year contract rates to increase by a high-single-digit percentage.