Radiant Logistics (RLGT) Q3 2026 earnings summary

Executive summary

• Revenue for Q3 FY26 was $214.1 million, nearly flat year-over-year, with transportation services as the main contributor.

• Net income rose to $4.7 million from $2.5 million year-over-year, driven by a gain in fair value of contingent consideration and lower depreciation.

• Adjusted EBITDA for Q3 FY26 was $7.8 million, down 17% year-over-year, reflecting higher personnel costs and operating partner commissions.

• The company advanced its Navegate platform and launched 'Ray,' an AI-powered agent, to drive operational efficiency.

• Domestic markets are improving with tightening capacity and rising rates, while international operations face tariff and geopolitical headwinds.

Financial highlights

• Q3 FY26 revenue: $214.1 million (up less than 0.1% year-over-year); transportation revenue $202.4 million, value-added services $11.7 million.

• Q3 FY26 net income: $4.7 million ($0.10/share), up from $2.5 million ($0.05/share) in Q3 FY25.

• Adjusted EBITDA for Q3 FY26 was $7.8 million (down 17.5% year-over-year); adjusted net income $5.3 million (down 23.2%).

• Adjusted gross profit for Q3 FY26 was $56.3 million (down from $58.2 million); margin decreased to 26.3%.

• Net cash provided by operating activities for the nine months ended March 31, 2026 was $29.4 million, up from $10.2 million.

Outlook and guidance

• Management expects improving domestic freight conditions and high single-digit rate increases on contract renewals.

• Technology investments in Navegate and AI initiatives are anticipated to drive organic growth and operational efficiency.

• Ongoing macroeconomic uncertainty, inflation, and geopolitical tensions are expected to impact shipment volumes, pricing, and margins.

• Management remains optimistic about leveraging technology and network to create shareholder value.