fourth fiscal quarter and year ended June 30, 2026
Filed Sep 14, 2026Fourth-quarter growth accelerates across revenue, profitability and margin; Company positioned for future growth with extended and enhanced $200 million credit facility, and no net debt.
Fourth-quarter revenue increased 18.5%, adjusted EBITDA increased 31.6%, and adjusted EBITDA margin expanded 240 basis points year over year. Full-year revenue increased while full-year adjusted net income and adjusted EBITDA declined from the comparable prior year.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Fourth fiscal quarter revenuesGAAP | $261.4M | – | up $40.8 million or 18.5% |
| Fiscal year revenuesGAAP | $934.4M | – | – |
| Fourth fiscal quarter GAAP gross profitGAAP | $64.4M | – | up $6.5 million or 11.2% |
| Fiscal year GAAP gross profitGAAP | $236.4M | – | – |
| Fourth fiscal quarter GAAP gross profit percentageGAAP | 24.6 % | – | – |
| Fiscal year GAAP gross profit percentageGAAP | 25.3 % | – | – |
| Fourth fiscal quarter adjusted gross profitnon-GAAP | $66.8M | – | up $6.4 million or 10.6% |
| Fiscal year adjusted gross profitnon-GAAP | $246.0M | – | – |
| Fourth fiscal quarter adjusted gross profit percentagenon-GAAP | 25.6 % | – | – |
| Fiscal year adjusted gross profit percentagenon-GAAP | 26.3 % | – | – |
| Fourth fiscal quarter cost of transportation and other servicesGAAP | $194.6M | – | – |
| Fiscal year cost of transportation and other servicesGAAP | $688.3M | – | – |
| Fourth fiscal quarter operating partner commissionsGAAP | $23.01M | – | – |
| Fiscal year operating partner commissionsGAAP | $82.45M | – | – |
| Fourth fiscal quarter personnel costsGAAP | $22.88M | – | – |
| Fiscal year personnel costsGAAP | $88.51M | – | – |
| Fourth fiscal quarter selling, general and administrative expensesGAAP | $11.38M | – | – |
| Fiscal year selling, general and administrative expensesGAAP | $42.32M | – | – |
| Fourth fiscal quarter depreciation and amortizationGAAP | $3.63M | – | – |
| Fiscal year depreciation and amortizationGAAP | $14.33M | – | – |
| Fourth fiscal quarter change in fair value of contingent considerationGAAP | −$2.61M | – | – |
| Fiscal year change in fair value of contingent considerationGAAP | −$6.20M | – | – |
| Fourth fiscal quarter total operating expensesGAAP | $252.9M | – | – |
| Fiscal year total operating expensesGAAP | $909.7M | – | – |
| Fourth fiscal quarter income from operationsGAAP | $8.51M | – | – |
| Fiscal year income from operationsGAAP | $24.62M | – | – |
| Fourth fiscal quarter net incomeGAAP | $7.67M | – | – |
| Fiscal year net incomeGAAP | $18.73M | – | – |
| Fourth fiscal quarter net income attributable to Radiant Logistics, Inc.GAAP | $7.5M | – | up $2.6 million or 53.1% |
| Fiscal year net income attributable to Radiant Logistics, Inc.GAAP | $18.8M | – | – |
| Fourth fiscal quarter basic income per shareGAAP | $0.16 per basic share | – | – |
| Fourth fiscal quarter diluted income per shareGAAP | $0.15 per fully diluted share | – | – |
| Fiscal year basic income per shareGAAP | $0.40 per basic share | – | – |
| Fiscal year diluted income per shareGAAP | $0.39 per fully diluted share | – | – |
| Fourth fiscal quarter adjusted net incomenon-GAAP | $7.4M | – | up $1.9 million or 34.5% |
| Fiscal year adjusted net incomenon-GAAP | $25.3M | – | – |
| Fourth fiscal quarter adjusted net income per basic sharenon-GAAP | $0.16 per basic share | – | – |
| Fourth fiscal quarter adjusted net income per diluted sharenon-GAAP | $0.15 per fully diluted share | – | – |
| Fiscal year adjusted net income per basic sharenon-GAAP | $0.54 per basic share | – | – |
| Fiscal year adjusted net income per diluted sharenon-GAAP | $0.52 per fully diluted share | – | – |
| Fourth fiscal quarter adjusted EBITDAnon-GAAP | $10.4M | – | up $2.5 million or 31.6% |
| Fiscal year adjusted EBITDAnon-GAAP | $36.7M | – | – |
| Fourth fiscal quarter adjusted EBITDA marginnon-GAAP | 15.5% | – | up 240 basis points |
| Fiscal year adjusted EBITDA marginnon-GAAP | 14.9 % | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
Capital returns
- Treasury stock, at cost, 5,766,073 shares and 5,181,023 shares, respectively: $(35,457) and $(31,964).
What drove it
- Management said quarter-over-quarter improvement was driven principally by U.S. forwarding operations and contribution across domestic and international service offerings, including notable strength in international airfreight operations.
- Management said Navegate is beginning to provide customers with better visibility and tools to manage complex supply chains; one enterprise customer was actively managing over 1,400 vendors using the platform.
- Management cited an early uptick in ocean freight rates late in the quarter as carriers exercised continued capacity discipline.
- Management said IEEPA-related filing activity and an evolving tariff structure continued to drive demand for customs house brokerage expertise.
- Management said airfreight performance was up meaningfully during the quarter, driven in large part by disaster-relief work following typhoon activity in the Western Pacific.
- Radiant Road & Rail launched a new independent agent program in truck brokerage and intermodal.
Concerns
- Fourth fiscal quarter GAAP gross profit percentage was 24.6 %, compared with 26.2 % in the comparable prior-year period.
- Fourth fiscal quarter adjusted gross profit percentage was 25.6 %, compared with 27.4 % in the comparable prior-year period.
- Fiscal-year adjusted net income was $25.3 million, compared with $30.9 million for the prior fiscal year.
- Fiscal-year adjusted EBITDA was $36.7 million, compared with $38.8 million for the prior fiscal year.
- Management described the domestic freight recovery as showing encouraging, though still early, signs and said market trends were not fully reflected in June-quarter results.
- The filing cites a complex and evolving trade environment, disruption to traditional ocean shipping routes, tariff actions, and potential adverse effects from macroeconomic factors, inflation, cyber incidents, and internal-control risks.
What to watch
- Whether higher spot rates, tender rejections, and other cyclical indicators translate into a broader domestic freight recovery and improved U.S. Brokerage conditions.
- The durability of international airfreight activity after disaster-relief work and the development of ocean freight rates.
- Demand for customs brokerage and compliance services amid tariff-related complexity and U.S.-Canada trade actions.
- Adoption and growth contribution from Navegate and the Radiant Road & Rail independent agent program.
- Use of the $200 million revolving credit facility and the $100 million acquisition-focused accordion for organic and acquisition growth initiatives.
- Adjusted gross profit percentage and adjusted EBITDA margin following the fourth-quarter decline in adjusted gross profit percentage relative to the prior-year period.
Balance sheet and cash flow
- Cash and cash equivalents: $25,585 as of June 30, 2026, compared to $22,942 as of June 30, 2025.
- Notes payable: $25,000 as of June 30, 2026, compared to $20,000 as of June 30, 2025.
- As of June 30, 2026, the Company had $25.0 million outstanding under the facility, more than offset by $25.6 million of cash on hand, leaving Radiant with no net debt.
- Total assets: $444,395 as of June 30, 2026, compared to $426,774 as of June 30, 2025.
- Total liabilities: $201,002 as of June 30, 2026, compared to $200,689 as of June 30, 2025.
- Total equity: $241,789 as of June 30, 2026, compared to $226,085 as of June 30, 2025.
- On August 7, 2026, the Company entered into an amended revolving credit facility, extending its existing $200 million revolving credit facility to August 7, 2031 and increasing the accordion feature from $75 million to $100 million.
Analysis
Radiant closed fiscal 2026 with an accelerating fourth quarter. Revenue was $261.4 million, up $40.8 million or 18.5%, while GAAP net income attributable to Radiant Logistics, Inc. rose to $7.5 million from $4.9 million. Adjusted net income increased to $7.4 million from $5.5 million, and adjusted EBITDA increased to $10.4 million from $7.9 million. Adjusted EBITDA margin improved to 15.5% from 13.1%, an expansion of 240 basis points.
The revenue increase did not translate into year-over-year gross-profit-rate expansion. Fourth-quarter GAAP gross profit percentage was 24.6 %, compared with 26.2 %, and adjusted gross profit percentage was 25.6 %, compared with 27.4 %. However, income from operations increased to $8,511 from $5,198, supported by higher gross profit and a favorable change in the fair value of contingent consideration. Selling, general and administrative expenses were $11,381 versus $10,201, while personnel costs were $22,878 versus $21,882.
The full year was more mixed than the fourth quarter. Fiscal-year revenue was $934.4 million, compared with $902.7 million, and net income attributable to Radiant Logistics, Inc. was $18.8 million, compared with $17.3 million. Yet adjusted net income declined to $25.3 million from $30.9 million, and adjusted EBITDA declined to $36.7 million from $38.8 million. Fiscal-year adjusted EBITDA margin was 14.9 % versus 16.2 %, while adjusted gross profit percentage was 26.3 % versus 26.5 %.
Management attributed fourth-quarter improvement principally to U.S. forwarding, domestic and international services, and international airfreight. It identified Navegate, the Radiant Road & Rail independent agent program, potential domestic freight-market recovery, ocean-rate stabilization, and tariff-related customs brokerage demand as growth drivers. Management also said some favorable domestic market indicators were not fully reflected in June-quarter results.
The balance sheet carried $25,585 of cash and cash equivalents and $25,000 of notes payable at June 30, 2026. Management described this position as no net debt. The amended $200 million revolving credit facility matures August 7, 2031, and its acquisition-focused accordion was increased to $100 million. The release did not provide numerical fiscal 2027 guidance, leaving execution on organic growth, acquisition activity, margins, and freight-market recovery as the principal reported items to monitor.
Management, verbatim
We are pleased to report another quarter of solid financial results delivering $10.4 million in adjusted EBITDA for our fourth fiscal quarter ended June 30, 2026
Bohn Crain, Founder and CEO of Radiant Logistics
Our quarter-over-quarter improvement was driven principally by our U.S. forwarding operations and contribution across both our domestic and international and service offerings, including notable strength in our international airfreight operations.
Bohn Crain, Founder and CEO of Radiant Logistics
That capacity, together with our long-term strategy of growing organically where our network gives us an advantage and supplementing that growth through disciplined acquisitions, positions us well to build on the encouraging, though still early, signs of a domestic freight recovery.
Bohn Crain, Founder and CEO of Radiant Logistics
Not in the filing
stated, not guessed- Numerical forward revenue, gross margin, operating expense, tax-rate, EPS, adjusted EBITDA, or cash-flow guidance was not provided.
- Prior guidance was not provided.
- Prior-quarter numerical values for reported metrics were not provided.
- Segment revenue and segment-level financial results were not provided.
- Operating cash flow and free cash flow were not provided.
- Dividend declaration or dividend amount was not provided.
- Share repurchase amount or authorization was not provided.
- A quantitative breakdown of the reported revenue contribution from U.S. forwarding, domestic operations, international operations, airfreight, ocean freight, customs brokerage, Navegate, or Radiant Road & Rail was not provided.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.