RXO, Inc.
RXO · Transportation Services · 164.9M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$17M (gross $2M, SBC $19M)
Grade
D51Scaled asset-light freight broker posting a loss year amid a soft freight cycle and Coyote integration.
Strengths
- Strong revenue growth (26%, 78th pct) and leading scale/technology in truck brokerage and last mile
- Clean balance sheet (D/E 0.01) with adequate liquidity (current/quick 1.27, 79th pct)
Risks
- Loss year: operating margin -1.4%, net margin -1.7%, ROE -6.5%, net-income growth -66%, plus a goodwill impairment
- Cyclical freight-market and pricing pressure with negative free cash flow
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -1.7%)
- Cash burnNegative free cash flow (-8.0M)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-1.4%
Net margin
-1.7%
Return on equity
-6.5%
Return on assets
-3.1%
ROIC
-4.0%
Revenue growth (QoQ)
-3.0%
Debt / equity
0.0×
Net debt / EBITDA
0.0×
Current ratio
1.3×
Free cash flow
-$8M
EBITDA
$37M
Tangible book value
-$23M
Cash & investments
$17M
Cash runway
8q
Stock comp / revenue
0.5%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-13 | Shareholder vote | filing ↗ |
| 2026-05-07 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-20 | Material agreementDebt obligationOtherExhibits | filing ↗ |
| 2026-02-12 | Reg FDExhibits | filing ↗ |
| 2026-02-10 | Reg FDExhibits | filing ↗ |
| 2026-02-06 | Material agreement1.02ResultsDebt obligationReg FDExhibits | filing ↗ |
| 2026-01-23 | Exec/director change | filing ↗ |
| 2025-11-06 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-13 | 2026-05-12 | 0001929561-26-000029 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001929561-26-000026 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001929561-26-000023 ↗ |
| 8-K | 2026-02-20 | 2026-02-20 | 0001140361-26-006319 ↗ |
| 8-K | 2026-02-12 | 2026-02-11 | 0001929561-26-000020 ↗ |
| 8-K | 2026-02-10 | 2026-02-10 | 0001929561-26-000016 ↗ |
| 10-K | 2026-02-09 | 2025-12-31 | 0001929561-26-000013 ↗ |
| 8-K | 2026-02-06 | 2026-02-05 | 0001929561-26-000006 ↗ |
| 8-K | 2026-01-23 | 2026-01-16 | 0000950142-26-000221 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001929561-25-000110 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001929561-25-000113 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001929561-25-000102 ↗ |