RXO, Inc.
17.41-0.03 (-0.17%)
Oct 29, 4:00:02 PM EDT · NYSE · RXO · USD
Key Stats
Market Cap
2.86BP/E (TTM)
-Basic EPS (TTM)
-2.22Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
RXO's revenue surged 52.6% year-over-year to $1.4B in Q2 FY2025 ended June 30, 2025, fueled by the Coyote acquisition and 17% last-mile volume growth, though managed transportation dipped on automotive weakness. Gross margins narrowed as truck brokerage rates lagged cost reductions, yet SG&A efficiency improved to 15.1% of revenue via scale and restructuring. Operating break-even held steady, but net loss widened to $9M from $7M, driven by $8M interest expense. YTD revenue climbed 54.7% to $2.9B, with operating loss at $30M versus $12M last year; diluted EPS of $(0.24) aligns with 168M shares. Cash dipped to $18M, operating cash flow hit $21M YTD, and free cash flow stood at $(8M) derived from capex. Debt totaled $408M including $35M revolver draw at 8.00%, with $565M availability under covenants met. Coyote closed September 2024 for $1.048B cash, adding $495M goodwill and $459M intangibles over 15 years. Misclassification claims in last-mile linger unresolved.
8-K
RXO Q2 revenue surges to $1.4B
RXO reported Q2 2025 revenue of $1.4 billion, up from $930 million last year, fueled by the Coyote acquisition, yet gross margin dipped to 17.8% from 19.0% amid a soft freight market. Brokerage volume grew 1% year-over-year, powered by 45% LTL surge, while Last Mile stops jumped 17%; adjusted EBITDA rose to $38 million. Integration advances yield early margin gains. Q3 adjusted EBITDA outlook: $33-43 million. Coyote synergies hinge on smooth tech migration.
8-K
RXO annual meeting results
RXO, Inc. held its 2025 Annual Meeting on May 21, 2025, where stockholders elected Christine Breves, Troy Cooper, and Adrian Kingshott as Class II directors, and Mary Kissel and Michelle Nettles as Class III directors, each to serve until 2026. Shareholders ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2025, with overwhelming support of 152 million votes for versus just 124,000 against. An advisory vote approved executive compensation, passing with 139.6 million in favor amid 5.5 million opposed. Strong backing signals investor confidence in governance.
10-Q
Q1 FY2025 results
RXO's revenue surged 57% year-over-year to $1.4B in Q1 FY2025 ended March 31, 2025, fueled by the Coyote acquisition and 24% last-mile volume growth, though managed transportation dipped slightly. Gross margins narrowed as truck brokerage costs rose 0.8 points on softer rates, while SG&A improved to 14.7% of revenue through scale and restructuring. Operating loss widened to $30M from $12M, with net loss at $31M versus $15M, the gap driven by higher depreciation, amortization, and transaction costs from Coyote integration. Cash dipped to $16M amid $10M acquisition adjustments, but free cash flow turned negative at $(17)M (derived) on flat operations and $15M capex; total debt stood at $409M including $355M 7.50% notes due 2027, with $565M revolver availability and covenant compliance. Coyote closed September 2024 for $1.048B cash, adding $494M goodwill and $459M intangibles amortized over 15 years on average. Misclassification claims in last-mile linger as a key risk.
8-K
RXO Q1 revenue surges
RXO reported Q1 revenue of $1.4 billion, up from $913 million last year, driven by the Coyote acquisition, yet gross margin dipped to 16.0% from 17.4% amid freight market softness. Adjusted EBITDA rose to $22 million, boosted by 26% LTL brokerage volume growth and 24% Last Mile stop expansion. Coyote's migration to RXO Connect completed, lifting cash synergy outlook above $70 million. Q2 adjusted EBITDA guidance: $30-$40 million. Integration costs persist.
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