Well positioned with low leverage and acquisition and organic growth drivers;
Advancing digital transformation with Navegate platform; and
Launch of Company's first AI Agent, "Ray", to streamline international operations
RENTON, Wash., Feb. 9, 2026 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE American: RLGT), a technology-enabled global transportation and value-added logistics services company, today reported financial results for the three and six months ended December 31, 2025.
Financial Highlights -- Three Months Ended December 31, 2025
-- Revenues of $232.1 million for the second fiscal quarter ended December
31, 2025, down $32.4 million or 12.2%, compared to revenues of $264.5
million for the comparable prior year period. The comparable year ago
period included $64.8 million in revenues for air charters to bring
approximately 8 million units of IV fluid to the U.S. as a result of the
national shortages resulting from Hurricane Milton (the "Milton
Project"). Excluding this $64.8 million in revenues from the Milton
Project in the comparable year ago period, revenues for the second fiscal
quarter ended December 31, 2025, were up $32.4 million or 16.2%, compared
to revenues of $199.7 million for the second fiscal quarter ended
December 31, 2024.
-- Gross profit of $61.0 million for the second fiscal quarter ended
December 31, 2025, up $1.4 million or 2.3%, compared to gross profit of
$59.6 million for the comparable prior year period. Excluding $7.0
million in gross profit from the Milton Project in the comparable year
ago period, gross profit for the second fiscal quarter ended December 31,
2025, was up $8.4 million or 16.0%, compared to gross profit of $52.6
million for the second fiscal quarter ended December 31, 2024.
-- Adjusted gross profit, a non-GAAP financial measure, of $63.5 million for
the second fiscal quarter ended December 31, 2025, up $0.2 million or
0.3%, compared to adjusted gross profit of $63.3 million for the
comparable prior year period. Excluding $7.0 million in adjusted gross
profit from the Milton Project in the comparable prior year period,
adjusted gross profit for the second fiscal quarter ended December 31,
2025, was up $7.2 million or 12.8%, compared to adjusted gross profit of
$56.3 million for the second fiscal quarter ended December 31, 2024.
-- Net income attributable to Radiant Logistics, Inc. of $5.3 million, or
$0.11 per basic and fully diluted share for the second fiscal quarter
ended December 31, 2025, compared to $6.5 million, or $0.14 per basic and
$0.13 per fully diluted share for the comparable prior year period.
-- Adjusted net income, a non-GAAP financial measure, of $8.1 million, or
$0.17 per basic and fully diluted share for the second fiscal quarter
ended December 31, 2025, down $2.6 million or 24.3%, compared to adjusted
net income of $10.7 million, or $0.23 per basic and $0.22 per fully
diluted share for the comparable prior year period. Excluding $4.5
million in adjusted net income from the Milton Project in the comparable
year ago period, adjusted net income for the second fiscal quarter ended
December 31, 2025, was up $1.9 million or 30.6%, compared to adjusted net
income of $6.2 million for the second fiscal quarter ended December 31,
2024. Adjusted net income is calculated by applying a normalized tax rate
of 24.5% and excludes costs unrelated to our core operations.
-- Adjusted EBITDA, a non-GAAP financial measure, of $11.8 million for the
second fiscal quarter ended December 31, 2025, down $0.2 million or 1.7%,
compared to adjusted EBITDA of $12.0 million for the comparable prior
year period. Excluding $5.9 million in adjusted EBITDA from the Milton
Project in the comparable year ago period, adjusted EBITDA for the second
fiscal quarter ended December 31, 2025, was up $5.7 million or 93.4%,
compared to adjusted EBITDA of $6.1 million for the second fiscal quarter
ended December 31, 2024.
-- Adjusted EBITDA margin (adjusted EBITDA expressed as a percentage of
adjusted gross profit), a non-GAAP financial measure, of 18.6% or 40
basis points, for the second fiscal quarter ended December 31, 2025,
compared to adjusted EBITDA margin of 19.0% for the comparable prior year
period. Excluding $5.9 million in adjusted EBITDA from the Milton Project
in the comparable year ago period, adjusted EBITDA margin for the second
fiscal quarter ended December 31, 2025 of 18.6% up 780 basis points when
compared to the 10.8% adjusted EBITDA margin for the second fiscal
quarter ended December 31, 2024.
Stock Buy-Back
We purchased 445,058 shares of our common stock at an average cost of $5.97 per share for an aggregate cost of $2.7 million during the three months ended December 31, 2025.
As of December 31, 2025, the Company had 46,826,544 shares outstanding.
CEO Bohn Crain Comments on Results
"With the benefit of our diversified service offering we delivered another quarter of solid financial results generating $11.8 million in adjusted EBITDA for our second fiscal quarter ended December 31, 2025," said Bohn Crain, Founder and CEO of Radiant Logistics. "The comparable year ago period included $64.8 million in revenues for air charters to bring approximately 8 million units of IV fluid to the U.S. as a result of the national shortages resulting from Hurricane Milton (the "Milton Project"). When excluding $5.9 million in adjusted EBITDA from the Milton Project in the year ago period, adjusted EBITDA increased by $5.7 million or 93.4%, compared to $6.1 million for the second fiscal quarter ended December 31, 2024. This growth breaks down as follows: Same-Store Growth of $3.6 million in our U.S. Operations, $1.4 million in our Canadian Operations, and Acquisition Growth of $0.7 million. Without the lower margin of Milton Project in the current period, our adjusted gross profit margin returned to more normalized levels, improving 340 basis points to 27.3% compared to 23.9% in the year ago period, demonstrating our ability to maintain solid margins even as we navigate a challenging freight market. Importantly, when excluding the impact of Project Milton in the comparable year ago period, our adjusted EBITDA margin expanded by 780 basis points to 18.6%, reflecting our continued focus on operational efficiency and disciplined cost management.
And while still very early in our journey, we continue to be encouraged about the prospects of Navegate, our proprietary global trade management and collaboration platform. Navegate represents a meaningful differentiator for us in the marketplace and supports both domestic and international shipments by aggregating and organizing supply-chain data to deliver enhanced visibility, automation and faster decision making. With streamlined deployment measured in weeks -- not months or years -- our customers can quickly reduce costs, optimize routing and improve buying and routing decisions. We believe this speed to market and ease of deployment represent a clear competitive advantage and that Navegate will serve as a meaningful catalyst for organic growth as we introduce the technology to our current and prospective customers in coming quarters.
We are also pleased to announce the launch of 'Ray', our first AI-powered agent, which is initially focused on streamlining the administration of quote requests from our international agents around the world. Ray represents an important step in our ongoing digital transformation journey and complements our Navegate platform by further automating and accelerating key workflows. By leveraging artificial intelligence to handle routine quote administration tasks, we expect Ray to improve response times for our global network of agents, enhance service quality for our customers, and drive additional operational efficiencies across our organization. We look forward to expanding Ray's capabilities and introducing additional AI-powered solutions in the coming quarters."
Mr. Crain continued, "As previously discussed, we believe our durable business model, diverse service offering, disciplined approach to capital allocation and low leverage continues to serve us well. We remain virtually debt free (no net debt of as of December 31, 2025) relative to our $200.0 million credit facility and on track with our continued efforts to deliver profitable growth through a combination of organic and acquisition initiatives, while thoughtfully re-levering our balance sheet through a combination of strategic operating partner conversions, synergistic tuck-in acquisitions, and stock buy-backs.. With respect to our stock buy-back program, we acquired another $2.7 million of our stock through the three months ended December 31, 2025. Looking ahead, we expect to stay the course with our balanced approach to capital allocation through a combination of agent station conversions, synergistic tuck--in acquisitions, and stock buy--backs while at the same time looking to invest in incremental sales resources with attention given to our deployment of the Navegate technology."
Second Fiscal Quarter Ended December 31, 2025 -- Financial Results
For the three months ended December 31, 2025, Radiant reported net income attributable to Radiant Logistics, Inc. of $5.3 million on $232.1 million of revenues, or $0.11 per basic and fully diluted share. For the three months ended December 31, 2024, Radiant reported net income attributable to Radiant Logistics, Inc. of $6.5 million on $264.5 million of revenues, or $0.14 per basic and $0.13 per fully diluted share.
For the three months ended December 31, 2025, Radiant reported adjusted net income, a non-GAAP financial measure, of $8.1 million, or $0.17 per basic and fully diluted share. For the three months ended December 31, 2024, Radiant reported adjusted net income of $10.7 million, or $0.23 per basic and $0.22 per fully diluted share.
For the three months ended December 31, 2025, Radiant reported adjusted EBITDA, a non-GAAP financial measure, of $11.8 million, compared to $12.0 million for the comparable prior year period.
Six Months Ended December 31, 2025 -- Financial Results
For the six months ended December 31, 2025, the Company reported net income attributable to Radiant Logistics, Inc. of $6.6 million on $458.8 million of revenues, or $0.14 per basic and fully diluted share. For the six months ended December 31, 2024, the Company reported net income attributable to Radiant Logistics, Inc. of $9.8 million on $468.1 million of revenues, or $0.21 per basic and $0.20 per fully diluted share.
For the Six Months Ended December 31, 2025, the Company reported adjusted net income, a non-GAAP financial measure, of $12.5 million, or $0.27 per basic and $0.26 per fully diluted share. For the six months ended December 31, 2024, the Company reported adjusted net income of $18.6 million, or $0.40 per basic and $0.38 per fully diluted share. Normalizing these results to exclude the $1.3 million First Brands adjustment, adjusted net income would have been $13.5 million for the six months ended December 31, 2025.
For the six months ended December 31, 2025, the Company reported adjusted EBITDA, a non-GAAP financial measure, of $18.6 million, compared to $21.5 million for the comparable prior year period. Normalizing these results to exclude the $1.3 million First Brands adjustment, adjusted EBITDA would have been $19.9 million for the six months ended December 31, 2025.
Earnings Call and Webcast Access Information
Radiant Logistics, Inc. will host a conference call on Monday, February 9, 2026 at 4:30 PM Eastern to discuss the contents of this release. The conference call is open to all interested parties, including individual investors and press. Bohn Crain, Founder and CEO will host the call.
Conference Call Details
DATE/TIME: Monday, February 9, 2026 at 4:30 PM Eastern
DIAL-IN US (888) 506-0062; Intl. (973) 528-0011 (Participant Access Code:
209811)
REPLAY February 10, 2026 at 9:30 AM Eastern to February 23, 2026 at 4:30
PM Eastern, US (877) 481-4010; Intl. (919) 882-2331 (Replay ID
number: 53602)
Webcast Details
This call is also being webcast and may be accessed via Radiant's web site at www.radiantdelivers.com or at https://www.webcaster5.com/Webcast/Page/2191/53602
About Radiant Logistics (NYSE American: RLGT)
Radiant Logistics, Inc. (www.radiantdelivers.com) operates as a third-party logistics company, providing technology-enabled global transportation and value-added logistics services primarily to customers in the United States, Canada, and Mexico. Through its comprehensive service offerings, Radiant provides domestic and international freight forwarding and freight brokerage services to a diversified account base including manufacturers, distributors and retailers, which it supports from an extensive network of company and agent-owned offices throughout North America and other key markets around the world. Radiant's value-added logistics services include warehouse and distribution, customs brokerage, order fulfillment, inventory management and technology services.
This press release contains "forward-looking statements" within the meaning set forth in United States securities laws and regulations -- that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as "anticipate," "believe," "estimates," "expect," "future," "intend," "may," "plan," "see," "seek," "strategy," or "will" or the negative thereof or any variation thereon or similar terminology or expressions. These forward-looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. We have developed our forward-looking statements based on management's beliefs and assumptions, which in turn rely upon information available to them at the time such statements were made. Such forward-looking statements reflect our current perspectives on our business, future performance, existing trends and information as of the date of this report. These include, but are not limited to, our beliefs about future revenue and expense levels, growth rates, prospects related to our strategic initiatives and business strategies, along with express or implied assumptions about, among other things: our continued relationships with our strategic operating partners; the performance of our historic business, as well as the businesses we have recently acquired, at levels consistent with recent trends and reflective of the synergies we believe will be available to us as a result of such acquisitions; our ability to successfully integrate our recently acquired businesses; our ability to locate suitable acquisition opportunities and secure the financing necessary to complete such acquisitions; transportation costs remaining in line with recent levels and expected trends; our ability to mitigate, to the best extent possible, our dependence on current management and certain larger strategic operating partners; our compliance with financial and other covenants under our indebtedness; the absence of any adverse laws or governmental regulations affecting the transportation industry in general, and our operations in particular; our ability to continue to respond to macroeconomic factors that have recently had a negative effect on worldwide freight markets; the impact of any health pandemic or environmental event on our operations and financial results; continued disruptions in the global supply chain; higher inflationary pressures particularly surrounding the costs of fuel, labor, and other components of our operations; potential adverse legal, reputational and financial effects on the Company resulting from prior or future cyber incidents and the effectiveness of the Company's business continuity plans in response to cyber incidents; the commercial, reputational and regulatory risks to our business that may arise as a consequence of our prior inability to remediate a material weakness in our internal control over financial reporting, and the further risks that may arise should we be unable to maintain an effective system of disclosure controls and internal control over financial reporting in the future; and such other factors that may be identified from time to time in our U.S Securities and Exchange Commission ("SEC") filings and other public announcements including those set forth under the caption "Risk Factors" in Part 1 Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2025. All subsequent written and oral forward-looking statements attributable to us, or persons acting on our behalf, are expressly qualified in their entirety by the foregoing. Readers are cautioned not to place undue reliance on our forward-looking statements, as they speak only as of the date made. We disclaim any obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
RADIANT LOGISTICS, INC.
Consolidated Balance Sheets
(unaudited)
December 31, June 30,
(In thousands, except share and per share
data) 2025 2025
-------------- ---------
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 31,884 $ 22,942
Accounts receivable, net of allowance of
$3,454 and $2,128, respectively 139,947 134,911
Contract assets 6,477 6,904
Income tax receivable 1,887 2,194
Prepaid expenses and other current assets 11,196 12,299
---------- --------
Total current assets 191,391 179,250
---------- --------
Property, technology, and equipment, net 21,944 23,489
---------- --------
Goodwill 121,146 117,637
Intangible assets, net 48,290 49,123
Operating lease right-of-use assets 54,669 55,066
Deposits and other assets 2,007 2,209
---------- --------
Total other long-term assets 226,112 224,035
---------- --------
Total assets $ 439,447 $ 426,774
========== ========
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable $ 74,124 $ 74,411
Operating partner commissions payable 10,469 10,541
Accrued expenses 11,959 10,637
Current portion of operating lease
liabilities 13,445 12,741
Current portion of finance lease liabilities 263 282
Current portion of contingent consideration 9,170 6,050
Other current liabilities 806 483
---------- --------
Total current liabilities 120,236 115,145
---------- --------
Notes payable 30,000 20,000
Operating lease liabilities, net of current
portion 47,568 49,245
Finance lease liabilities, net of current
portion 846 969
Contingent consideration, net of current
portion 7,130 13,300
Deferred tax liabilities 2,400 1,782
Other long-term liabilities 10 248
---------- --------
Total long-term liabilities 87,954 85,544
---------- --------
Total liabilities 208,190 200,689
---------- --------
Redeemable noncontrolling interest 1,321 --
Equity:
Common stock, $0.001 par value, 100,000,000
shares authorized; 52,592,617 and
52,324,201 shares issued, and 46,826,544
and 47,143,178 shares outstanding,
respectively 34 34
Additional paid-in capital 111,388 110,588
Treasury stock, at cost, 5,766,073 and
5,181,023 shares, respectively (35,457) (31,964)
Retained earnings 157,167 150,569
Accumulated other comprehensive loss (3,304) (3,211)
---------- --------
Total Radiant Logistics, Inc.
stockholders' equity 229,828 226,016
Noncontrolling interest 108 69
---------- --------
Total equity 229,936 226,085
---------- --------
Total liabilities and equity $ 439,447 $ 426,774
========== ========
RADIANT LOGISTICS, INC.
Consolidated Statements of Comprehensive Income
(unaudited)
Three Months Ended Six Months Ended
December 31, December 31,
-------------------------- ---------------------------
(In thousands,
except share and
per share data) 2025 2024 2025 2024
----------- ------------- ----------- --------------
Revenues $ 232,130 $ 264,544 $ 458,785 $ 468,109
Operating
expenses:
Cost of
transportation
and other
services 168,669 201,239 335,871 347,250
Operating
partner
commissions 20,307 19,291 40,303 38,092
Personnel costs 22,589 19,554 44,160 39,177
Selling,
general and
administrative
expenses 9,609 12,000 21,683 22,321
Depreciation
and
amortization 3,566 5,038 7,092 9,843
Change in fair
value of
contingent
consideration (90) (1,300) 110 (1,100)
---------- ------------ ---------- -------------
Total
operating
expenses 224,650 255,822 449,219 455,583
---------- ------------ ---------- -------------
Income from
operations 7,480 8,722 9,566 12,526
---------- ------------ ---------- -------------
Other income
(expense):
Interest income 36 367 80 832
Interest
expense (625) (311) (1,230) (548)
Foreign
currency
transaction
gain (loss) (120) 181 (116) 119
Change in fair
value of
interest rate
swap
contracts -- (301) -- (741)
Other 174 14 259 1,053
---------- ------------ ---------- -------------
Total other
income
(expense) (535) (50) (1,007) 715
---------- ------------ ---------- -------------
Income before
income taxes 6,945 8,672 8,559 13,241
Income tax
expense (1,725) (2,163) (2,064) (3,308)
---------- ------------ ---------- -------------
Net income 5,220 6,509 6,495 9,933
Net loss
(income)
attributable to
noncontrolling
interest 85 (42) 103 (90)
---------- ------------ ---------- -------------
Net income
attributable to
Radiant
Logistics,
Inc. $ 5,305 $ 6,467 $ 6,598 $ 9,843
========== ============ ========== =============
Other
Comprehensive
income
attributable to
Radiant
Logistics,
Inc.:
Foreign currency
translation
gain (loss) 869 (2,911) (93) (2,271)
Comprehensive
loss
attributable to
noncontrolling
interest 40 -- 53 --
---------- ------------ ---------- -------------
Comprehensive
income
attributable to
Radiant
Logistics,
Inc. $ 6,129 $ 3,598 $ 6,455 $ 7,662
========== ============ ========== =============
Income per
share:
Basic $ 0.11 $ 0.14 $ 0.14 $ 0.21
Diluted $ 0.11 $ 0.13 $ 0.14 $ 0.20
Weighted average
common shares
outstanding:
Basic 46,912,966 46,942,639 47,039,566 46,831,938
Diluted 48,665,202 48,983,153 48,701,899 48,784,482
Reconciliation of Non-GAAP Measures
RADIANT LOGISTICS, INC.
Reconciliation of Gross Profit to Adjusted Gross Profit, Net Income Attributable to Radiant Logistics, Inc.
to Adjusted Net Income, EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin
(unaudited)
As used in this report adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin are not measures of financial performance or liquidity under United States Generally Accepted Accounting Principles ("GAAP"). Adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin are presented herein because they are important metrics used by management to evaluate and understand the performance of the ongoing operations of Radiant's business. For adjusted net income, management uses a 24.5% tax rate to calculate the provision for income taxes to normalize Radiant's tax rate to that of its competitors and to compare Radiant's reporting periods with different effective tax rates. In addition, in arriving at adjusted net income, the Company adjusts for certain non-cash charges and significant items that are not part of regular operating activities. These adjustments include income taxes, depreciation and amortization, costs unrelated to our core operations, and other non-cash charges.
We commonly refer to the term "adjusted gross profit" when commenting about our Company and the results of operations. Adjusted gross profit is a non-GAAP measure calculated as revenues less directly related operations and expenses attributed to the Company's services. Adjusted gross profit is calculated as GAAP gross profit exclusive of depreciation and amortization, which are reported separately. We believe adjusted gross profit is a better measurement than are total revenues when analyzing and discussing the effectiveness of our business and is used as a portion of a key metric the Company uses to discuss its progress.
EBITDA is a non-GAAP financial measure of income and does not include the effects of interest, income taxes, and the "non-cash" effects of depreciation and amortization on long-term assets. Companies have some discretion as to which elements of depreciation and amortization are excluded in the EBITDA calculation. We exclude all depreciation charges related to property, technology, and equipment and all amortization charges (including amortization of leasehold improvements). We then further adjust EBITDA to exclude share-based compensation, costs unrelated to our core operations (primarily acquisition and litigation costs), allocation of earnings attributable to noncontrolling interests in subsidiaries, and other non-cash charges. While management considers EBITDA and adjusted EBITDA useful in analyzing our results, it is not intended to replace any presentation included in our consolidated financial statements.
We believe that these non-GAAP financial measures, as presented, represent a useful method of assessing the performance of our operating activities, as they reflect our earnings trends without the impact of certain non-cash charges and other non-recurring charges. These non-GAAP financial measures are intended to supplement the GAAP financial information by providing additional insight regarding results of operations to allow a comparison to other companies, many of whom use similar non-GAAP financial measures to supplement their GAAP results. However, these non-GAAP financial measures will not be defined in the same manner by all companies and may not be comparable to other companies. Adjusted gross profit, adjusted net income, EBITDA, adjusted EBITDA, and adjusted EBITDA margin should not be considered in isolation or as a substitute for any of the consolidated statements of comprehensive income prepared in accordance with GAAP, or as an indication of Radiant's operating performance or liquidity.
Three Months Ended Six Months Ended
(In thousands) December 31, December 31,
----------------------------- ----------------------------
Reconciliation
of adjusted
gross profit to
GAAP gross
profit 2025 2024 2025 2024
---------- ------------- ---------- ------------
Revenues $ 232,130 $ 264,544 $ 458,785 $ 468,109
Cost of
transportation
and other
services
(exclusive of
depreciation
and
amortization,
shown
separately
below) (168,669) (201,239) (335,871) (347,250)
Depreciation and
amortization (2,445) (3,707) (4,784) (7,195)
--------- ------------ --------- -----------
GAAP gross
profit $ 61,016 $ 59,598 $ 118,130 $ 113,664
Depreciation and
amortization 2,445 3,707 4,784 7,195
--------- ------------ --------- -----------
Adjusted gross
profit $ 63,461 $ 63,305 $ 122,914 $ 120,859
========= ============ ========= ===========
GAAP gross
profit
percentage 26.3% 22.5% 25.7% 24.3%
========= ============ ========= ===========
Adjusted gross
profit
percentage 27.3% 23.9% 26.8% 25.8%
========= ============ ========= ===========
Reconciliation
of GAAP net
income to
adjusted EBITDA 2025 2024 2025 2024
---------- ------------- ---------- ------------
Net income
attributable to
Radiant
Logistics,
Inc. $ 5,305 $ 6,467 $ 6,598 $ 9,843
Income tax
expense 1,725 2,163 2,064 3,308
Depreciation
and
amortization
(1) 3,566 5,038 7,092 9,957
Net interest
expense 589 (56) 1,150 (284)
Share-based
compensation 508 (1,813) 932 (1,650)
Change in fair
value of
contingent
consideration (90) (1,300) 110 (1,100)
Lease
termination
costs 54 1,166 162 1,166
Change in fair
value of
interest rate
swap
contracts -- 301 -- 741
Other (2) 117 50 463 (513)
--------- ------------ --------- -----------
Adjusted EBITDA 11,774 12,016 18,571 21,468
========= ============ ========= ===========
Adjusted EBITDA
as a % of
adjusted gross
profit (3) 18.6% 19.0% 15.1% 17.8%
(1) Depreciation and amortization for the purposes of calculating adjusted
EBITDA, a non-GAAP financial measure, includes depreciation expenses
recognized on certain computer software as a service.
(2) Other includes costs unrelated to our core operations (primarily
acquisition and litigation costs), and other non-cash charges.
(3) Adjusted gross profit is revenues less the cost of transportation and
other services.
(In thousands,
except share
and per share Three Months Ended Six Months Ended
data) December 31, December 31,
-------------------------- --------------------------
Reconciliation
of GAAP net
income to
adjusted net
income 2025 2024 2025 2024
----------- ------------- ----------- -------------
GAAP net income
attributable
to Radiant
Logistics,
Inc. $ 5,305 $ 6,467 $ 6,598 $ 9,843
Adjustments to
net income:
Income tax
expense 1,725 2,163 2,064 3,308
Depreciation
and
amortization 3,566 5,038 7,092 9,843
Change in fair
value of
contingent
consideration (90) (1,300) 110 (1,100)
Lease
termination
costs 54 1,166 162 1,166
Change in fair
value of
interest rate
swap
contracts -- 301 -- 741
Other 137 332 587 806
---------- ------------ ---------- ------------
Adjusted net
income before
income taxes 10,697 14,167 16,613 24,607
Provision for
income taxes
at 24.5% (2,621) (3,471) (4,070) (6,029)
---------- ------------ ---------- ------------
Adjusted net
income $ 8,076 $ 10,696 $ 12,543 $ 18,578
========== ============ ========== ============
Adjusted net
income per
common share:
Basic $ 0.17 $ 0.23 $ 0.27 $ 0.40
Diluted $ 0.17 $ 0.22 $ 0.26 $ 0.38
Weighted
average common
shares
outstanding:
Basic 46,912,966 46,942,639 47,039,566 46,831,938
Diluted 48,665,202 48,983,153 48,701,899 48,784,482
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SOURCE Radiant Logistics, Inc.
(END) Dow Jones Newswires
February 09, 2026 16:29 ET (21:29 GMT)
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