| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.4K | 0.6% |
| Total Income | 1.4K | 0.6% |
| Expenditure | 1.5K | 0.7% |
| PBT | -49.00 | 25.6% |
| Net Profit | -36.00 | 16.1% |
| OPM | -1.97% | 0.13pp |
| NPM | -2.53% | 0.36pp |
| EPS | -0.21 | 16.7% |
RXO Announces Q1 2026 Results: Revenue $1.4 Billion
07 May 2026 · 7 May, 4:07 pm
Summary
RXO reported its first-quarter financial results, with revenue holding steady at $1.4 billion compared to the previous year. The company experienced a net loss of $36 million, which included transaction, integration, restructuring costs, and a debt extinguishment loss. Adjusted EBITDA decreased to $6 million. While brokerage volume declined, there was a significant increase in truckload spot mix, leading to improved gross profit per load. The company anticipates a significant sequential improvement in second-quarter results, driven by stronger volume and a more favorable spot mix.
Key Highlights
- 1
RXO's revenue remained consistent at $1.4 billion for the first quarter of 2026 compared to the first quarter of 2025.
- 2
The company reported a GAAP net loss of $36 million for the first quarter of 2026, compared to a net loss of $31 million in the first quarter of 2025.
- 3
Adjusted EBITDA was $6 million, a decrease from $22 million in the first quarter of 2025.
- 4
Brokerage volume declined by 8% year-over-year in the first quarter, with less-than-truckload volume increasing by 5% but offset by a 12% decline in full truckload volume.
- 5
Truckload spot mix was 33% of volume in the quarter, up from 28% in the fourth quarter of 2025, driving the largest sequential increase in gross profit per load in more than three years.
- 6
Managed Transportation was awarded more than $100 million of freight under management in the first quarter.
- 7
RXO expects second-quarter 2026 adjusted EBITDA to be between $27 million and $37 million.
Management Comments
Drew Wilkerson
We have significant momentum in our business. We’re converting our strong Brokerage sales pipeline and, while our Brokerage volume declined by 8% year-over-year in the first quarter, our full truckload volume improved every month as the quarter progressed. In addition, our truckload spot mix increased by 500 basis points sequentially in the quarter, which helped drive an increase in gross profit per load. During the quarter, our Managed Transportation business was awarded more than $100 million in freight under management and our late-stage sales pipeline increased by more than $200 million. When it comes to the broader market, we’re seeing clear signs of improvement, primarily driven by supply-side tightening, despite overall soft demand. Looking ahead, we expect the positive trends we’re seeing in volume and Brokerage gross profit per load to continue, and in the second quarter we anticipate a significant sequential improvement in results. We’re proving to be the carrier of choice for spots, projects and mini-bids; we’re leveraging our scale and asset-light model; and we’re deploying agentic AI across the company. Our conviction is even higher that the ongoing carrier exits in the market are structural in nature and that a supply-driven recovery is taking shape. RXO is well positioned to deliver strong shareholder returns over the long term.
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