RADIANT LOGISTICS, INC

Listed Company

RLGTCIK 0001171155NYSEAcceleratedSmaller ReportingArrangement Of Transportation Of Freight & CargoDelawareFY ends Jun 30

Period

FY 2025

Revenue

—

Net Income

$17.29M

Total Assets

$426.77M

Equity

$226.02M

Shares Out

46.83M

Op. Cash Flow

$13.27M

Business

RADIANT LOGISTICS, INC operates as a non-asset-based third-party logistics company providing technology-enabled transportation and value-added supply chain services. It offers domestic and international freight forwarding, freight brokerage (air, ocean, truckload, LTL, intermodal), materials management and distribution (MM&D), customs house brokerage (CHB), and global trade management (GTM) services. The company is organized into two geographic operating segments, U.S. and Canada, and conducts operations through a multi-brand network of company-owned locations and strategic operating partners. Services are distributed via an extensive North American operating footprint and an integrated global partner network.

Summary from filing dated 2025-09-15

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Revenues	903	802	1,085	1,459	900
Cost of transportation and other services	663	566	802	1,153	678
Operating partner commissions	78	93	116	122	95
Personnel costs	82	78	80	72	55
Selling, general and administrative expenses	42	39	39	34	24
Depreciation and amortization	18	18	23	19	17
Change in fair value of contingent consideration	−2	−450,000	−646,000	767,000	4
Total operating expenses	882	793	1,057	1,401	874
Income from operations	21	9	28	59	26
Interest income	1	2	1	23,000	18,000
Interest expense	−1	−1	—	—	—
Foreign currency transaction gain	164,000	143,000	755,000	718,000	−189,000
Change in fair value of interest rate swap contracts	−1	−1	383,000	2	−594,000
Other	1	199,000	176,000	193,000	704,000
Total other income	145,000	422,000	−575,000	−440,000	3
Income before income taxes	21	10	28	58	30
Income tax expense	−4	−2	−6	−13	−6
Net income	17	8	21	45	24
Less: net income attributable to non-controlling interest	−147,000	−512,000	−646,000	−1	−519,000
Net income attributable to Radiant Logistics, Inc.	17	8	21	44	23
Foreign currency translation gain (loss)	335,000	−1	−1	−2	696,000
Comprehensive income	18	7	20	44	24
Basic (per share)	0.37	0.16	0.43	0.9	0.46
Diluted (per share)	0.35	0.16	0.42	0.88	0.45
Basic (shares)	47	47	48	50	50
Diluted (shares)	49	49	50	51	51

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2022 2022-03-31
Cash and cash equivalents	23	25	32	24	—
Accounts receivable, net of allowance of $2,128 and $2,103, respectively	135	118	127	225	—
Contract assets	7	8	6	22	74
Income tax receivable	2	3	—	—	—
Prepaid expenses and other current assets	12	11	15	17	—
Total current assets	179	164	181	289	357
Property, technology, and equipment, net	23	26	25	25	—
Goodwill	118	93	89	88	—
Intangible assets, net	49	35	37	49	—
Operating lease right-of-use assets	55	50	57	41	—
Deposits and other assets	2	4	5	5	—
Total other long-term assets	224	181	188	183	—
Total assets	427	371	394	497	569
Accounts payable	74	74	85	138	179
Operating partner commissions payable	11	13	18	19	16
Accrued expenses	11	9	9	11	11
Current portion of operating lease liabilities	13	12	11	8	—
Current portion of finance lease liabilities	282,000	643,000	620,000	577,000	—
Current portion of contingent consideration	6	455,000	4	3	—
Other current liabilities	483,000	2	258,000	303,000	—
Total current liabilities	115	110	132	188	227
Notes payable	20	0	—	—	—
Operating lease liabilities, net of current portion	49	45	52	38	—
Finance lease liabilities, net of current portion	969,000	677,000	1	1	—
Contingent consideration, net of current portion	13	5	287,000	3	—
Deferred tax liabilities	2	812,000	3	6	—
Other long-term liabilities	248,000	0	—	—	—
Total long-term liabilities	86	51	56	115	—
Total liabilities	201	162	189	303	384
Commitments and contingencies (Note 15)	—	—	—	—	—
Common stock, $0.001 par value, 100,000,000 shares authorized; 52,324,201 and 51,844,249 shares issued, and 47,143,178 and 46,808,943 shares outstanding, respectively	34,000	33,000	33,000	33,000	—
Additional paid-in capital	111	111	109	106	—
Treasury stock, at cost, 5,181,023 and 5,035,306 shares, respectively	−32	−31	−27	−16	—
Retained earnings	151	133	126	105	88
Accumulated other comprehensive loss	−3	−4	−2	−796,000	—
Total Radiant Logistics, Inc. stockholders equity	226	209	205	194	—
Noncontrolling interest	69,000	147,000	226,000	180,000	—
Total equity	226	210	205	195	185
Total liabilities and equity	427	371	394	497	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Share-based compensation	−819,000	3	3	2	1
Amortization of intangible assets	11	10	15	11	10
Depreciation and amortization of property, technology, and equipment	8	8	7	7	7
Deferred income tax benefit	−569,000	−2	−3	−3	−3
Amortization of debt issuance costs	400,000	484,000	510,000	500,000	522,000
Other	2	−305,000	589,000	1	−251,000
Accounts receivable	−8	9	98	−64	−44
Contract assets	712,000	−1	16	−5	−29
Income tax receivable	359,000	−4	—	—	—
Prepaid expenses, deposits, and other assets	−1	4	2	−1	115,000
Operating lease right-of-use assets	11	11	11	9	8
Accounts payable	−5	−11	−54	26	40
Operating partner commissions payable	−3	−5	−371,000	4	6
Accrued expenses and other liabilities	−4	77,000	−3	1	504,000
Operating lease liabilities	−12	−11	−9	−9	−7
Payment of contingent consideration	0	−3	−3	−1	0
Net cash provided by operating activities	13	17	98	25	14
Acquisitions, net of cash acquired	−29	−7	−3	−38	0
Purchases of property, technology, and equipment	−5	−9	−8	−7	−11
Proceeds from sale of property, technology, and equipment	163,000	246,000	103,000	186,000	358,000
Net cash used for investing activities	−33	−15	−11	−46	−11
Proceeds from revolving credit facility	45	0	68	116	6
Repayments of revolving credit facility	−25	0	−130	−69	−21
Payments of debt issuance costs	0	−119,000	−904,000	0	0
Repayments of notes payable and finance lease liabilities	−917,000	−5	−5	−5	−5
Repurchases of common stock	−798,000	−4	−11	−11	−2
Payment of contingent consideration	−474,000	−250,000	0	−1	−2
Distributions to non-controlling interest	−225,000	−591,000	−600,000	−1	−1
Proceeds from exercise of stock options	1	7,000	343,000	407,000	1
Payments of employee tax withholdings related to restricted stock units and stock options	−565,000	−371,000	−476,000	—	—
Net cash provided by (used for) financing activities	18	−10	−80	29	−24
Effect of exchange rate changes on cash and cash equivalents	65,000	−100,000	1	3	−367,000
NET DECREASE IN CASH AND CASH EQUIVALENTS	−2	−8	8	11	−21
Income taxes paid	7	7	14	17	7
Interest paid	946,000	506,000	3	3	2

Filings

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