Radiant Logistics Raises Adjusted EBITDA 79.4% to $12.2 Million in First Quarter
Key Facts
Radiant Logistics reported on November 9 results for the three months ended September 30, 2026, with revenue of $279.8 million, up 23.4% from the same period a year earlier. Gross profit rose to $66.3 million, or 16.1%, while adjusted gross profit, a non-GAAP measure, increased 15.3% to $68.6 million. Earnings growth outpaced revenue growth, however, with adjusted EBITDA at $12.2 million, up 79.4% year over year. The adjusted EBITDA margin widened to 17.7% from 11.4%, an increase of 630 basis points. The results thus showed a strong increase in profitability compared with sales growth during the company’s first fiscal quarter.
Net income attributable to Radiant Logistics was $6.1 million, or $0.13 per basic and diluted share, compared with $1.3 million and $0.03 per share in the year-earlier period; the company said the increase was 369.2%. On an adjusted basis, net income rose 91.1% to $8.6 million, or $0.18 per share, from $4.5 million and $0.09 per share a year earlier. This adjusted measure is separate from reported net income, with the two recording different year-over-year growth rates. Net cash from operating activities was $4.2 million, versus $2.5 million in the quarter ended September 30, 2025. The company said the $1.7 million increase was primarily linked to higher net income, offsetting the effect of net changes in operating assets and liabilities.
The company attributed a key part of the improvement to its U.S. operations, saying adjusted EBITDA “more than doubled,” with notable strength in international air freight, intermodal transportation and truck brokerage. The chief executive said adjusted EBITDA growth reflected operating leverage, including lower general and administrative expenses as a percentage of adjusted gross profit. Consolidation of transportation management systems also contributed to performance, according to the company. It said the year-over-year comparison also benefited from the absence of a $1.3 million credit loss related to First Brands’ bankruptcy in the year-earlier period. These factors put the improvement in profit margin in the context of a combination of U.S. operations performance, lower relative expenses and year-over-year comparison items.
Radiant said more than 150 active customers use the Navegate platform. During the quarter, one of its enterprise customers managed more than 1,500 suppliers through the platform, who booked more than 7,500 shipments. These figures show the level of platform use during the fiscal period ended September 30. On financing, the company amended its $200 million revolving credit facility on August 7. It extended the facility’s maturity to August 7, 2031, and increased the accordion feature designated to support future acquisitions from $75 million to $100 million, with a modest improvement in borrowing pricing.
As of September 30, the company had $25.0 million drawn under the credit facility, compared with $27.8 million in cash, and said cash exceeded borrowings, leaving it with no net debt. The amended facility therefore provides an existing credit framework alongside a cash balance that exceeded the amount drawn at quarter-end. After the period ended, the company acquired Whitacre Logistics Services’ Dallas operations effective October 1. The acquired operations are in intermodal transportation brokerage and truck brokerage, according to the quarterly report. The acquisition took place after the period covered by the results, so its figures are not included in the reported quarter.
RLGT shares closed at $8.89 on November 6, according to EL7 data. On November 9, the stock rose 2.81% during the regular session, then climbed 7.89% in after-hours trading to $9.861, according to Investing.com. The company held a results call on November 9 at 4:30 p.m. Eastern time. Its statement made a replay available starting November 10 at 9:30 a.m. Eastern time. The replay period is scheduled to end on November 23 at 4:30 p.m. Eastern time.