RXO, Inc.

Listed Company

RXOCIK 0001929561NYSELarge AcceleratedTransportation ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$5.74B

Net Income

$-100.00M

Total Assets

$3.28B

Equity

$1.54B

Shares Out

164.19M

Op. Cash Flow

$51.00M

Business

RXO, Inc. is a brokered transportation platform that operates an asset-light truck brokerage model supported by proprietary digital technology. It offers truck brokerage services, managed transportation, last mile delivery for heavy goods, expedite services, and freight forwarding, along with technology-enabled pricing and visibility tools. Its key business segments include core truck brokerage, asset-light managed transportation, and last mile services, which leverage the RXO Connect® digital brokerage platform. RXO serves shippers and independent carriers across the United States and in selected international markets through digital, API and mobile distribution channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	5,742	4,550	3,927	4,796	4,689
Cost of transportation and services (exclusive of depreciation and amortization)	4,611	3,565	2,967	3,624	3,681
Direct operating expense (exclusive of depreciation and amortization)	190	202	235	226	192
Sales, general and administrative expense	832	666	591	640	539
Depreciation and amortization expense	116	87	67	86	81
Transaction and integration costs	22	53	12	84	2
Restructuring costs	38	33	16	13	2
Goodwill impairment	12	0	0	—	—
Operating income (loss)	−79	−56	39	123	192
Other expense	1	218	3	0	1
Interest expense, net	35	30	32	4	0
Income (loss) before income taxes	−115	−304	4	119	191
Income tax provision (benefit)	−15	−14	0	27	41
Net income (loss)	−100	−290	4	92	150
Earnings per share, basic (in dollars per share)	−0.59	−2.17	0.03	0.8	1.3
Diluted earnings per share (in dollars per share)	−0.59	−2.17	0.03	0.79	1.3
Number of shares outstanding, basic (in shares)	168	133	117	115	115
Number of shares outstanding, diluted (in shares)	168	133	119	116	115

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	17	35	5	98	29
Accounts receivable, net of $16 and $13 in allowances, respectively	1,226	1,227	743	900	1,010
Other current assets	74	77	48	31	44
Total current assets	1,317	1,339	796	1,029	1,083
Property and equipment, net of $381 and $317 in accumulated depreciation, respectively	134	135	124	119	111
Operating lease assets	238	276	195	159	128
Goodwill	1,111	1,123	630	630	630
Identifiable intangible assets, net of $164 and $146 in accumulated amortization, respectively	453	499	68	79	100
Other long-term assets	24	42	12	15	16
Total long-term assets	1,960	2,075	1,029	1,002	985
Total assets	3,277	3,414	1,825	2,031	2,068
Accounts payable	539	568	414	501	520
Accrued expenses	397	373	199	256	248
Short-term debt and current maturities of long-term debt	17	17	3	4	0
Short-term operating lease liabilities	75	81	53	48	42
Other current liabilities	10	26	13	14	6
Total current liabilities	1,038	1,065	682	823	816
Long-term debt and obligations under finance leases	387	351	356	451	0
Deferred tax liabilities	51	88	7	16	52
Long-term operating lease liabilities	191	215	146	114	93
Other long-term liabilities	69	83	40	40	37
Total long-term liabilities	698	737	549	621	182
Commitments and Contingencies (Note 17)	—	—	—	—	—
Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of December 31, 2025 and 2024	0	0	0	0	0
Common stock, $0.01 par value; 300,000 shares authorized; 164,160 and 162,517 shares issued and outstanding as of December 31, 2025 and 2024, respectively	2	2	1	1	0
Additional paid-in capital	1,929	1,904	590	588	0
Accumulated deficit	−384	−284	6	2	0
Accumulated other comprehensive loss	−6	−10	−3	−4	−2
Total equity	1,541	1,612	594	587	1,070
Total liabilities and equity	3,277	3,414	1,825	2,031	2,068

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock compensation expense	29	23	19	32	8
Deferred tax benefit	−21	−19	−8	−20	3
Deemed non-pro rata distribution	0	216	0	0	—
Impairment of operating lease assets	4	13	0	0	—
Other	11	7	9	6	3
Accounts receivable	−5	−109	158	92	−242
Other current assets and other long-term assets	19	8	−14	14	−4
Accounts payable	−16	−65	−86	−14	129
Accrued expenses, other current liabilities and other long-term liabilities	2	117	−60	22	27
Net cash provided by (used in) operating activities	51	−12	89	310	155
Payment for purchases of property and equipment	−59	−45	−64	−57	−39
Business acquisition, net of cash acquired	−10	−1,019	0	0	—
Proceeds from sale of property and equipment	2	0	0	1	1
Other	−4	0	−2	0	0
Net cash used in investing activities	−71	−1,064	−66	−56	−38
Proceeds from borrowings on revolving credit facilities	566	238	76	0	0
Repayment of borrowings on revolving credit facilities	−533	−226	−71	0	0
Proceeds from issuance of common stock and pre-funded warrants	0	1,125	0	0	—
Payment for equity issuance costs	−1	−30	0	0	—
Repayment of debt and finance leases	−2	−3	−104	0	0
Payment for debt issuance costs	0	−3	0	−9	0
Payment for tax withholdings related to vesting of stock compensation awards	−19	−4	−14	−3	0
Repurchase of common stock	0	0	−2	0	0
Other	−10	11	−2	−1	1
Net cash provided by (used in) financing activities	1	1,108	−117	−183	−158
Effect of exchange rates on cash, cash equivalents and restricted cash	2	−2	1	−2	0
Net increase (decrease) in cash, cash equivalents and restricted cash	−17	30	−93	69	−41
Cash paid for income taxes, net	7	4	27	3	5
Cash paid for interest, net	32	27	32	0	0
Purchases of property and equipment in accounts payable, accrued expenses and other liabilities	11	3	2	4	—
Accrued tax withholdings related to vesting of stock compensation awards	0	15	0	0	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro