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: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
