RXO delivered weaker Q4 2025 results as reduced truckload capacity tightened the freight market, compressing brokerage margins and leading to a higher net loss despite solid sales momentum and managed transportation wins.

RXO reported third-quarter revenue of $1.4 billion, a GAAP net loss of $14 million, and adjusted EBITDA of $32 million. The company faced market tightening and weakened demand, particularly affecting brokerage gross margin, but saw growth in less-than-truckload volume and last-mile stops. New cost initiatives are expected to yield over $30 million in incremental savings.

RXO's second quarter performance was marked by a significant increase in revenue to $1.4 billion, up from $930 million in the prior year. The company achieved a positive adjusted net income of $7 million and an adjusted EBITDA of $38 million, demonstrating resilience in a challenging freight market. Brokerage volume grew by 1% year-over-year, primarily due to a substantial increase in less-than-truckload volume, while Last Mile continued its double-digit stop growth.

RXO reported revenue of $1.4 billion and a GAAP net loss of $31 million for the first quarter of 2025. Adjusted EBITDA was $22 million. The company successfully migrated Coyote coverage operations to the RXO Connect platform and is raising its synergy estimate to greater than $70 million.

RXO reported Q4 2024 revenue of $1.7 billion, up from $1.0 billion in Q4 2023. However, the company experienced a net loss of $20 million, compared to a net income of $2 million in the same quarter of the previous year. The net loss included $34 million in transaction, integration, restructuring, and other costs. Adjusted EBITDA was $42 million, compared to $31 million in the prior year.

RXO reported revenue of $1.04 billion, a gross margin of 17.3%, and a GAAP net loss of $243 million, which included $248 million in transaction, integration, restructuring and other costs. Adjusted net income was $7 million, and adjusted EBITDA was $33 million. The company's leverage ratio decreased by more than 40% following the Coyote acquisition.

RXO reported Q2 2024 revenue of $930 million, a net loss of $7 million, and adjusted EBITDA of $28 million. Brokerage volume increased by 4%, and Last Mile stops grew by 7%. Managed Transportation was awarded more than $200 million in freight under management.

RXO's revenue was $0.9 billion for the first quarter, compared to $1.0 billion in the first quarter of 2023. The company reported a first-quarter 2024 GAAP net loss of $15 million. Adjusted EBITDA was $15 million, compared to $37 million in the first quarter of 2023.

RXO's Q4 2023 results showed a decrease in revenue to $1.0 billion compared to $1.1 billion in Q4 2022. However, the brokerage business experienced a 15% volume increase. Net income was $2 million, a turnaround from the $4 million net loss in the same quarter last year.

RXO's revenue was $1.0 billion, compared to $1.1 billion in the third quarter of 2022. The company reported a GAAP net loss of $1 million, compared to net income of $13 million in the third quarter of 2022. Brokerage volume grew 18 percent year-over-year.

RXO reported a revenue of $1.0 billion for Q2 2023, with a net income of $3 million. The company's brokerage business experienced a 10% year-over-year volume growth. Companywide gross margin was 18.6 percent and brokerage gross margin was 15.4 percent.

RXO's first-quarter revenue reached $1.01 billion. The company's brokerage business experienced a 6% increase in volume year-over-year and maintained a brokerage gross margin of 16.3 percent. The Board of Directors authorized a $125 million share repurchase program.

RXO's Q4 2022 revenue was $1.1 billion. Companywide gross margin was 19.6 percent, up 250 basis points year-over-year. The company reported a GAAP net loss of $4 million, compared to net income of $42 million in the fourth quarter of 2021.