Revenue growth remains highly inconsistent, oscillating between a 31.6% expansion in 2025Q2 and a 12.3% contraction in 2026Q2, while operating margins have frequently dipped below 2%.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 |
|---|
| Sales/Revenue | 893.5M | 902.7M | 802.47M | 1.09B | 1.46B | 899.81M | 855.2M | 890.52M | 842.42M | 777.61M | 782.5M | 502.66M | 349.13M | 310.84M | 297M | 203.82M | 146.72M | 137M | 100.2M | 75.53M | 0 | 0 |
| Revenue Growth % | 0.6% | 12.49% | -26.07% | -25.62% | 62.19% | 5.22% | -3.97% | 5.71% | 8.33% | -0.62% | 55.67% | 43.98% | 12.32% | 4.66% | 45.72% | 38.92% | 7.09% | 36.72% | 32.67% | - | - | - |
| Cost of Goods Sold | 748.58M | 744.79M | 644.16M | 903.86M | 1.24B | 750.4M | 720.57M | 735.99M | 713.12M | 649.52M | 667.94M | 420.3M | 276.27M | 244M | 212.29M | 141.32M | 101.09M | 91.43M | 64.37M | 48.81M | 0 | 0 |
| COGS % of Revenue | - | 82.51% | 80.27% | 83.27% | 85.25% | 83.4% | 84.26% | 82.65% | 84.65% | 83.53% | 85.36% | 83.61% | 79.13% | 78.5% | 71.48% | 69.33% | 68.9% | 66.74% | 64.24% | 64.63% | - | - |
| Gross Profit | 144.92M | 157.91M | 158.31M | 181.63M | 215.33M | 149.41M | 134.62M | 154.53M | 129.3M | 128.1M | 114.55M | 82.37M | 72.87M | 66.83M | 84.71M | 62.5M | 45.63M | 45.57M | 35.83M | 26.71M | 0 | 0 |
| Gross Margin % | 16.22% | 17.49% | 19.73% | 16.73% | 14.75% | 16.6% | 15.74% | 17.35% | 15.35% | 16.47% | 14.64% | 16.39% | 20.87% | 21.5% | 28.52% | 30.67% | 31.1% | 33.26% | 35.76% | 35.37% | - | - |
| Gross Profit Growth % | - | -0.25% | -12.84% | -15.65% | 44.12% | 10.99% | -12.88% | 19.51% | 0.94% | 11.82% | 39.07% | 13.04% | 9.03% | -21.1% | 35.52% | 36.98% | 0.13% | 27.19% | 34.12% | - | - | - |
| Operating Expenses | 127.31M | 136.85M | 149.01M | 153.51M | 156.7M | 123.21M | 117.12M | 131.02M | 117.29M | 114.18M | 110.21M | 75.74M | 64.38M | 62.24M | 80.23M | 57.33M | 43.15M | 43.52M | 35.28M | 26.3M | 161.97K | 23.29K |
| OpEx % of Revenue | - | 15.16% | 18.57% | 14.14% | 10.74% | 13.69% | 13.7% | 14.71% | 13.92% | 14.68% | 14.08% | 15.07% | 18.44% | 20.02% | 27.01% | 28.13% | 29.41% | 31.76% | 35.21% | 34.82% | - | - |
| Selling, General & Admin | 123.09M | 120.96M | 131.37M | 154.15M | 155.94M | 118.86M | 115.37M | 131.02M | 117.29M | 114.18M | 110.21M | 75.74M | 64.38M | 62.24M | 77.99M | 56M | 41.55M | 41.77M | 34.31M | 25.47M | 161.97K | 23.29K |
| SG&A % of Revenue | - | 13.4% | 16.37% | 14.2% | 10.68% | 13.21% | 13.49% | 14.71% | 13.92% | 14.68% | 14.08% | 15.07% | 18.44% | 20.02% | 26.26% | 27.48% | 28.32% | 30.49% | 34.25% | 33.72% | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 963.91K | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.96% | - | - | - |
| Other Operating Expenses | 1.49M | 15.89M | 17.64M | -646K | 767K | 4.35M | 1.75M | 274K | 408K | 379K | 350K | 16.43K | 164.38K | 346.62K | 2.24M | 1.33M | 1.6M | 1.74M | 0 | 26.3M | 0 | 0 |
| Operating Income | 17.61M | 21.06M | 9.3M | 28.12M | 58.62M | 26.2M | 17.5M | 24.72M | 13.18M | 10.49M | -337K | 10.55M | 10.52M | 7.42M | 4.48M | 5.17M | 2.48M | -9.57M | 549.57K | 412.71K | -161.97K | -23.29K |
| Operating Margin % | 1.97% | 2.33% | 1.16% | 2.59% | 4.02% | 2.91% | 2.05% | 2.78% | 1.56% | 1.35% | -0.04% | 2.1% | 3.01% | 2.39% | 1.51% | 2.54% | 1.69% | -6.99% | 0.55% | 0.55% | - | - |
| Operating Income Growth % | - | 126.48% | -66.94% | -52.03% | 123.73% | 49.71% | -29.2% | 87.54% | 25.68% | 3212.17% | -103.19% | 0.25% | 41.79% | 65.65% | -13.42% | 108.87% | 125.89% | -1841.46% | 33.16% | 354.81% | -595.35% | - |
| EBITDA | 31.92M | 39.44M | 27.39M | 50.82M | 77.34M | 42.84M | 34.07M | 39.93M | 27.57M | 22.84M | 11.7M | 16.91M | 15.06M | 11.37M | 7.62M | 6.5M | 4.08M | -7.83M | 1.49M | -429.16K | -147.53K | -23.29K |
| EBITDA Margin % | 3.57% | 4.37% | 3.41% | 4.68% | 5.3% | 4.76% | 3.98% | 4.48% | 3.27% | 2.94% | 1.49% | 3.36% | 4.31% | 3.66% | 2.57% | 3.19% | 2.78% | -5.71% | 1.49% | -0.57% | - | - |
| EBITDA Growth % | -20.57% | 43.97% | -46.1% | -34.29% | 80.51% | 25.74% | -14.66% | 44.82% | 20.73% | 95.25% | -30.83% | 12.31% | 32.47% | 49.09% | 17.28% | 59.48% | 152.07% | -624.1% | 448% | -190.89% | -533.38% | - |
| D&A (Non-Cash Add-back) | 14.31M | 18.38M | 18.09M | 22.7M | 18.72M | 16.64M | 16.57M | 15.21M | 14.39M | 12.35M | 12.03M | 6.36M | 4.53M | 3.94M | 3.14M | 1.33M | 1.6M | 1.74M | 943.92K | -841.87K | 0 | 0 |
| EBIT | 14.03M | 18.57M | 8.85M | 30.82M | 61.4M | 32.13M | 18.41M | 23.5M | 12.18M | 11.11M | -420K | 9.84M | 9.46M | 8.15M | 4.82M | 5.27M | 3.35M | -9.44M | 2.37M | 386.3K | -147.53K | -23.29K |
| Net Interest Income | -1.97M | -39K | 1.28M | -1.89M | -3.19M | -2.53M | -2.83M | -2.97M | -3.08M | -2.5M | -4.87M | -1.86M | -1.19M | -2M | -1.25M | -207.14K | -134.66K | -203.35K | -117.28K | -5.94K | 15.93M | 0 |
| Interest Income | 315K | 1.3M | 2.33M | 1.38M | 23K | 18K | 59K | 50K | 34K | 25K | 47K | 16.7K | 8.09K | 15.69K | 19.3K | 21.61K | 44.18K | 13.54K | 4.12K | 16.27M | 14.43M | 0 |
| Interest Expense | 2.29M | 1.34M | 1.06M | 3.27M | 3.21M | 2.55M | 2.88M | 3.02M | 3.11M | 2.52M | 4.92M | 1.87M | 1.19M | 2.02M | 1.27M | 228.75K | 178.84K | 216.89K | 121.4K | 22.21K | 1.5K | 0 |
| Other Income/Expense | 2.21M | 145K | 422K | -575K | -440K | 3.38M | -1.98M | -2.54M | -2.67M | -1.9M | -5M | -2.58M | -2.26M | 388.69K | -926.52K | -138.53K | 693.75K | -11.71M | 1.7M | -48.63K | 12.93K | -2K |
| Pretax Income | 19.82M | 21.2M | 9.72M | 27.55M | 58.18M | 29.58M | 15.52M | 22.18M | 10.51M | 8.59M | -5.34M | 7.97M | 8.26M | 6.14M | 3.55M | 5.04M | 3.17M | -9.66M | 2.25M | 364.08K | -149.03K | -25.29K |
| Pretax Margin % | 2.22% | 2.35% | 1.21% | 2.54% | 3.99% | 3.29% | 1.81% | 2.49% | 1.25% | 1.1% | -0.68% | 1.59% | 2.37% | 1.97% | 1.2% | 2.47% | 2.16% | -7.05% | 2.25% | 0.48% | - | - |
| Income Tax | 3.82M | 3.77M | 1.52M | 6.3M | 12.69M | 5.95M | 3.16M | 4.8M | 73K | 3.67M | -1.89M | 2.02M | 3.08M | 2.37M | 1.47M | 2.03M | 1.09M | 43.91K | 907.75K | 155.87K | 0 | 0 |
| Effective Tax Rate % | 19.29% | 17.76% | 15.67% | 22.89% | 21.81% | 20.12% | 20.34% | 21.64% | 0.69% | 42.75% | 35.32% | 25.3% | 37.29% | 38.64% | 41.5% | 40.22% | 34.5% | -0.45% | 40.31% | 42.81% | 0% | 0% |
| Net Income | 16.18M | 17.29M | 7.68M | 20.59M | 44.46M | 23.11M | 10.54M | 16.35M | 10.19M | 4.86M | -3.52M | 5.87M | 5.12M | 3.66M | 1.9M | 2.85M | 1.96M | -9.73M | 1.41M | 162.74K | -149.03K | -25.29K |
| Net Margin % | 1.81% | 1.92% | 0.96% | 1.9% | 3.05% | 2.57% | 1.23% | 1.84% | 1.21% | 0.63% | -0.45% | 1.17% | 1.47% | 1.18% | 0.64% | 1.4% | 1.33% | -7.1% | 1.41% | 0.22% | - | - |
| Net Income Growth % | -5.76% | 125% | -62.69% | -53.68% | 92.4% | 119.24% | -35.51% | 60.44% | 109.54% | 238.16% | -159.9% | 14.77% | 39.94% | 92.36% | -33.32% | 45.6% | 120.13% | -788.62% | 768.22% | 209.19% | -489.23% | - |
| Net Income (Continuing) | 16M | 17.44M | 8.2M | 21.24M | 45.49M | 23.63M | 12.36M | 17.38M | 10.43M | 4.92M | -3.45M | 5.95M | 5.18M | 3.77M | 2.08M | 3.01M | 2.08M | -9.7M | 1.34M | 208.22K | -149.03K | -25.29K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.32M | 69K | 147K | 226K | 180K | 293K | 809K | 246K | 142K | 53K | 80K | 61.59K | 41.16K | 67.52K | 97.55K | 93.76K | 66.55K | 1.91K | 0 | 57.48K | 0 | 0 |
| EPS (Diluted) | 0.33 | 0.35 | 0.16 | 0.42 | 0.88 | 0.45 | 0.21 | 0.32 | 0.20 | 0.06 | -0.07 | 0.10 | 0.11 | 0.10 | 0.05 | 0.09 | 0.06 | -0.28 | 0.04 | 0.00 | -0.01 | -0.00 |
| EPS Growth % | -5.11% | 118.75% | -61.9% | -52.27% | 95.56% | 114.29% | -34.38% | 60% | 233.33% | 182.53% | -172.7% | -9.09% | 10% | 100% | -44.44% | 50% | 121.43% | -800% | - | - | - | - |
| EPS (Basic) | - | 0.37 | 0.16 | 0.43 | 0.90 | 0.46 | 0.21 | 0.33 | 0.21 | 0.06 | -0.07 | 0.11 | 0.12 | 0.11 | 0.06 | 0.09 | 0.06 | -0.28 | 0.04 | 0.00 | -0.01 | -0.00 |
| Diluted Shares Outstanding | 48.54M | 48.73M | 48.82M | 49.55M | 50.74M | 51.21M | 51.09M | 51.08M | 50.63M | 49.99M | 48.41M | 38.02M | 35.46M | 34.91M | 35.11M | 32.02M | 32.72M | 34.68M | 34.36M | 34.32M | 26.49M | 25.94M |
| Basic Shares Outstanding | 46.83M | 46.97M | 47.05M | 48.19M | 49.57M | 49.89M | 49.6M | 49.5M | 49.24M | 48.84M | 48.41M | 36.45M | 33.72M | 33.12M | 32.26M | 30.42M | 32.55M | 34.68M | 34.13M | 33.88M | 26.49M | 25.94M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Fragmented Market Margin Compression
According to the provided quarterly income statements, Radiant Logistics has experienced significant top-line volatility, with revenue growth oscillating between a 31.6% expansion in 2025Q2 and a 12.3% contraction in 2026Q2, reflecting the inherent sensitivity of the company's agent-based model to broader North American freight market cycles.
The erratic revenue trajectory suggests that the company's decentralized model lacks the consistent organic growth drivers required to insulate it from cyclical downturns. Investors should monitor whether the recent 12.49% year-over-year growth trend indicates a sustainable recovery or merely a temporary rebound from prior period weakness.
As reported in the financial data, Radiant Logistics maintains a gross margin that has fluctuated between 14.6% and 18.8% over the last ten quarters, highlighting the limited pricing power inherent in its asset-light brokerage model when facing variable third-party carrier costs in a fragmented logistics landscape.
The inability to consistently expand gross margins suggests that the company remains a price-taker in the freight market. This structural limitation implies that any meaningful improvement in profitability would likely require a strategic shift toward higher-margin value-added services rather than relying on core transportation brokerage.
Based on the income statement figures, Radiant Logistics operates with thin margins, as evidenced by an operating margin that dipped to -0.5% in 2024Q3 and has struggled to exceed 3.3% in any recent quarter, indicating that corporate overhead and agent commissions consume the majority of gross profit.
The lack of significant operating leverage suggests that the company's decentralized agent-based structure may prevent the realization of meaningful economies of scale. Analysts should investigate whether the current SG&A burden is a fixed cost necessity or if management has the flexibility to optimize these expenses during periods of revenue contraction.
Data from the last ten quarters indicates that Radiant Logistics is highly susceptible to margin compression, with net income margins frequently falling below 1% during periods of revenue decline, which may concern investors regarding the long-term sustainability of the company's earnings in a competitive freight environment.
Short-term fluctuations in net income, such as the loss reported in 2024Q3, suggest that the company's bottom line is highly sensitive to even minor shifts in freight volume. This vulnerability warrants further investigation into whether the agent-based model can maintain profitability if carrier capacity tightens or if shipper demand continues to soften.
Quick answers to the most common questions about buying RLGT stock.
For fiscal year 2025, Radiant Logistics, Inc. (RLGT) reported total revenue of $902.7M.
Radiant Logistics, Inc. (RLGT) is profitable, generating $17.3M in net income for the fiscal year ending 2025 with a net profit margin of 1.9%.
Radiant Logistics, Inc. (RLGT) reported an operating income of $21.1M, resulting in an operating profit margin of 2.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Radiant Logistics, Inc. (RLGT) generated $157.9M in gross profit for the year, representing a gross profit margin of 17.5%. This demonstrates the company's core pricing power and production efficiency.