RADIANT LOGISTICS, INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data RADIANT LOGISTICS, INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue		842	891	855	900	1,459	1,085	802	903	934
Gross profit	195	200	230
Selling, general and administrative	24	26.2	28.5	29.5	23.7	34	38.5	38.7	42.5	42.3
Operating expenses	184	829	866	838	874	1,401	1,057	793	882	910
Operating income	10.5	13.2	24.7	17.5	26.2	58.6	28.1	9.3	21.1	24.6
Interest expense	2.52	3.11	3.02	2.89	2.55	3.21	3.27	1.06	1.34	2.32
Interest income	0.03	0.03	0.05	0.06	0.02	0.02	1.38	2.33	1.3	0.18
Other non-operating income	-1.9	-2.68	-2.54	-1.98	3.38	-0.44	-0.58	0.42	0.15	-1.6
Pre-tax income	8.59	10.5	22.2	15.5	29.6	58.2	27.5	9.72	21.2	23
Income tax	3.67	0.07	4.8	3.16	5.95	12.7	6.31	1.52	3.77	4.29
Net income to minority interests	0.06	0.25	1.03	1.82	0.52	1.03	0.65	0.51	0.15	-0.05
Net income	4.86	10.2	16.3	10.5	23.1	44.5	20.6	7.69	17.3	18.8
EBITDA	14.3	17.7	29.9	23.8	32.7	66	35.5	16.9	28.8	31.7
EPS, basic	0.06	0.17	0.28	0.21	0.46	0.90	0.43	0.16	0.37	0.40
EPS, diluted	0.06	0.16	0.27	0.21	0.45	0.88	0.42	0.16	0.35	0.39
Shares, basic (weighted)	48.8	49.2	49.5	49.6	49.9	49.6	48.2	47	47	46.9
Shares, diluted (weighted)	50	50.6	51.1	51.1	51.2	50.7	49.6	48.8	48.7	48.6

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	5.81	6.99	5.42	34.8	13.7	24.4	32.5	24.9	22.9	25.6
Receivables	116	138	93.1	71.8	117	225	127	118	135	163
Other current assets	7.15	6.6	8.07	16.8	17.5	17.3	15.2	10.6	12.3	7.07
Total current assets	130	153	125	141	194	289	181	164	179	208
Property, plant and equipment	15.2	18.6	20.1	18.7	24.2	24.8	25.4	25.6	23.5	20
Lease right-of-use assets			0	12.6	39	41.1	56.8	49.9	55.1	48.3
Goodwill	66.8	65.4	65.4	72.2	72.6	88.2	89.2	93	118	122
Intangible assets	74.7	65.3	55.7	51.2	41.4	48.5	36.6	34.9	49.1	43.8
Other non-current assets		134	123	141	157	183	188	181	224	216
Total assets	290	305	268	300	375	497	394	371	427	444
Accounts payable	85.5	90.2	74.1	65	104	138	84.6	73.6	74.4	88.1
Accrued liabilities	4.78	5.4	6.22	6.54	6.81	11.3	8.74	8.95	10.6	11.8
Short-term debt	3.38	3.73	3.69	3.8	4.45	4.58	4.11	0
Total current liabilities	110	116	98.4	93.7	143	188	132	110	115	130
Long-term debt	37	43.2	30	48.1	24	66.7	0	0	20	25
Lease liabilities			0	7.19	34.9	37.8	52.1	45	49.2	41.1
Other non-current liabilities	0.78	1.08	0.1	0.09	0.09	0
Total liabilities	166	172	140	162	213	303	189	162	201	201
Total debt	40.4	46.9	33.7	51.9	28.4	71.3	4.11	0
Paid-in capital	116	118	100	102	104	106	109	111	111	112
Retained earnings	7.4	15.5	26.9	37.4	60.5	105	126	133	151	169
Treasury stock	-0.25	-0.25	-0.25	-2.75	-4.66	-16	-27.1	-31.2	-32	-35.5
Other comprehensive income	0.07	0.19	0.19	0.45	1.14	-0.8	-2.21	-3.55	-3.21	-4.51
Shareholders' equity	123	133	127	137	161	194	205	209	226	242
Minority interests	0.05	0.14	0.25	0.81	0.29	0.18	0.23	0.15	0.07	0.27
Total equity	123	134	127	138	162	195	205	210	226	242
Total liabilities and equity	290	305	268	300	375	497	394	371	427	444
Shares outstanding	49.1	49.4	49.6	49.6	49.9	48.7	47.3	46.8	47.1	46.9

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	4.92	10.4	17.4	12.4	23.6	45.5	21.2	8.2	17.4	18.7
Depreciation and amortization	3.84	4.49	5.2	6.31	6.52	7.33	7.41	7.63	7.76	7.09
Stock-based compensation	1.3	1.51	1.61	1.66	1.07	1.8	2.5	2.61	-0.82	1.66
Deferred income tax	-1.71	-2.2	-0.67	-0.41	-3.39	-2.6	-3.49	-2.14	-0.57	-1.04
Change in receivables	-15.1	-21.8	11.6	20.6	-43.9	-63.9	97.8	9.44	-8.38	-24.3
Change in payables	10.4	3.49	-12.1	-9.62	39.8	26.4	-53.9	-10.8	-5.01	10.4
Cash from operations	14.9	4.76	39.8	29.9	14.1	24.9	97.9	17.3	13.3	17.5
Capital expenditures	-4.94	-5.74	-6.41	-5.18	-11.4	-7.46	-7.57	-8.6	-5.12	-4.29
Acquisitions	-11.5	-0.74	0	-9.15	0	-38.4	-3.25	-6.81	-28.5	-5.2
Cash from investing	-16.3	-6.77	-6.2	-14.1	-11.1	-45.7	-10.7	-15.2	-33.5	-8.94
Stock issued	0		0	0.63	1.45	0.24	0	0.01	1.21	0.33
Share buybacks	-0.25	0	0	-2.5	-1.91	-11.3	-11.1	-4.1	-0.8	-3.49
Cash from financing	2.48	1.35	-35.1	12.3	-23.7	28.9	-80.2	-10.2	18.2	-5.69
Exchange rate effect	0.02	1.84	-0.1
Net change in cash	1.04	1.18	-1.57	29.4	-21.1	10.7	8	-8.19	-1.93	2.64
Free cash flow	9.92	-0.98	33.4	24.7	2.67	17.4	90.3	8.66	8.14	13.2
Interest paid	2.2	2.87	2.8	2.63	2.02	2.64	2.89	0.51	0.95	1.97
Income taxes paid	4.72	4.06	4.37	3.85	6.52	16.5	13.6	6.98	5.78	3.96

Key metrics

Worked out from the statements above. Latest values use fiscal 2026. Valuation uses the share price of $8.58 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	2.6%	Operating income / revenue.
EBITDA margin	3.4%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	2.5%	Pre-tax income / revenue.
Net margin	2.0%	Net income / revenue.
FCF margin	1.4%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	1.9%	Cash from operations / revenue.
Effective tax rate	18.6%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	8.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	4.3%	Net income / average total assets.
Return on invested capital (ROIC)	9.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	4.5%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.5%	Capital expenditures / revenue.
D&A / revenue	0.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	3.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-4.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	0.8%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	16.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-4.3%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	-1.2%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	10.0%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-3.7%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	-0.6%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	8.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-3.0%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-4.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	11.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-2.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-2.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	31.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-43.7%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	4.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	62.1%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-47.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	37.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	6.9%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	8.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	4.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	4.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	3.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.60x	Current assets / current liabilities.
Quick ratio	1.45x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.20x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	45.2%	Total liabilities / total assets.
Interest coverage	10.6x	Operating income / interest expense.
Working capital	$77.8M	Current assets - current liabilities.
Goodwill and intangibles / assets	37.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	$75.3M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	2.15x	Revenue / average total assets.
Fixed asset turnover	43.0x	Revenue / average property, plant and equipment.
Receivables turnover	6.28x	Revenue / average receivables.
Days sales outstanding	58 days	365 x average receivables / revenue.
FCF conversion	70.3%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	24.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.39	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic	$0.40	Net income per basic share, as reported (split-adjusted).
Revenue per share	$19.22	Revenue / diluted weighted shares.
FCF per share	$0.27	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.36	Cash from operations / diluted weighted shares.
Book value per share	$5.15	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$1.61	Tangible book value / shares outstanding.
Cash per share	$0.55	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	26.5%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$401.8M	Share price x shares outstanding.
Enterprise value	$376.2M	Market cap + total debt - cash - short-term investments.
P/E	21.4x	Market cap / net income. Only when net income is positive.
P/S	0.43x	Market cap / revenue.
P/B	1.66x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	5.33x	Market cap / tangible book value, when positive.
P/FCF	30.4x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	23.0x	Market cap / cash from operations, when positive.
EV/Sales	0.40x	Enterprise value / revenue.
EV/EBIT	15.3x	Enterprise value / operating income, when both are positive.
EV/EBITDA	11.9x	Enterprise value / EBITDA, when both are positive.
EV/FCF	28.5x	Enterprise value / free cash flow, when both are positive.
FCF yield	3.3%	Free cash flow / market cap.
Earnings yield	4.7%	Net income / market cap (the inverse of P/E).
Shareholder yield	0.9%	(Dividends paid + share buybacks) / market cap.

What was RADIANT LOGISTICS, INC's revenue in fiscal 2026?

RADIANT LOGISTICS, INC reported revenue of $934.4M for fiscal 2026, 3.5% higher than the year before.

Was RADIANT LOGISTICS, INC profitable in fiscal 2026?

Yes. Net income was $18.8M, a net margin of 2%.

How much free cash flow did RADIANT LOGISTICS, INC generate in fiscal 2026?

Cash from operations of $17.5M minus capital expenditures of $4.3M left free cash flow of $13.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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