Quarterly ResultMay 7, 2026, 04:31 PM
RXO Q1 Net Loss $(36)M; Revenue $1.425B; EPS $(0.21)
AI Summary
RXO, Inc. reported a net loss of $(36) million for the first quarter of 2026, an increase from $(31) million in the prior year, while revenue slightly decreased to $1,425 million. The company incurred an $11 million debt extinguishment loss from redeeming its 7.50% Notes due 2027. RXO also issued $400 million in new 6.375% Notes due 2031 and established a new $450 million asset-based revolving credit facility.
Key Highlights
- Q1 2026 net loss increased to $(36) million from $(31) million YoY.
- Q1 2026 revenue was $1,425 million, down from $1,433 million YoY.
- Basic and diluted loss per share was $(0.21) in Q1 2026 vs $(0.18) in Q1 2025.
- Segment adjusted EBITDA decreased to $17 million from $29 million.
- Incurred an $11 million debt extinguishment loss in Q1 2026.
- Issued $400 million in 6.375% Notes due 2031.
- Redeemed all outstanding 7.50% Notes due 2027.
- Entered into a new $450 million ABL Facility, replacing previous revolver.