Earnings Releases·Oct 29, 2026, 7:33 AM ET

RXO — Third Quarter 2026 Earnings Summary

Revenue reached $1.9 billion in Q3 2026, up from $1.4 billion in Q3 2025, while GAAP net income turned positive at $3 million compared to a $14 million loss the prior year; Adjusted EBITDA rose to $51 million from $32 million.
Management announced a pending acquisition by C.H. Robinson in a stock-and-cash transaction with an implied value of $5.8 billion, expected to close in the first half of 2027 subject to regulatory and shareholder approvals.
The company exceeded the high end of its Q3 profit outlook, reporting a 3% year-over-year increase in truckload volume and a 31% sequential improvement in gross profit per load driven by a 51% spot mix.
Cash and cash equivalents increased to $25 million as of September 30, 2026, while total debt and finance lease obligations rose to $496 million from $404 million at the end of 2025.
RXO will not host an earnings conference call due to the proposed transaction, though management cited strong momentum heading into Q4 with priorities remaining unchanged.