$RLGT

RADIANT LOGISTICS, INC

CIK:0001171155|SEC Filings

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 934,356	$ 902,696
Operating expenses:
Cost of transportation and other services	688,329	663,277
Operating partner commissions	82,446	78,493
Personnel costs	88,507	81,509
Selling, general and administrative expenses	42,316	42,471
Depreciation and amortization	14,333	18,379
Change in fair value of contingent consideration	(6,197)	(2,491)
Total operating expenses	909,734	881,638
Income from operations	24,622	21,058
Other income (expense):
Interest income	184	1,303
Interest expense	(2,319)	(1,342)
Foreign currency transaction gain	102	164
Change in fair value of interest rate swap contracts	0	(1,032)
Other	432	1,052
Total other income (expense)	(1,601)	145
Income before income taxes	23,021	21,203
Income tax expense	(4,289)	(3,765)
Net income	18,732	17,438
Net loss (income) attributable to noncontrolling interest	54	(147)
Net income attributable to Radiant Logistics, Inc.	18,786	17,291
Other Comprehensive income attributable to Radiant Logistics, Inc.:
Foreign currency translation gain (loss)	(1,199)	335
Comprehensive income attributable to noncontrolling interest	(44)	(147)
Comprehensive income attributable to Radiant Logistics, Inc.	$ 17,489	$ 17,626
Income per share:
Basic	$ 0.4	$ 0.37
Diluted	$ 0.39	$ 0.35
Weighted average common shares outstanding:
Basic	46,943,071	46,969,294
Diluted	48,621,797	48,730,674

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES:
Net income	$ 18,732	$ 17,438
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES
Share-based compensation	1,660	(819)
Amortization of intangible assets	7,247	10,618
Depreciation and amortization of property, technology, and equipment	7,086	7,761
Deferred income taxes	(1,038)	(569)
Amortization of debt issuance costs	400	400
Change in fair value of contingent consideration	(6,197)	(2,491)
Change in fair value of interest rate swap contracts	0	1,032
Other	958	1,654
CHANGES IN OPERATING ASSETS AND LIABILITIES:
Accounts receivable	(24,290)	(8,383)
Contract assets	(4,822)	712
Income tax receivable	1,294	359
Prepaid expenses, deposits, and other assets	5,918	(1,401)
Operating lease right-of-use assets	12,754	11,328
Accounts payable	10,442	(5,008)
Operating partner commissions payable	494	(2,751)
Accrued expenses and other liabilities	363	(4,361)
Operating lease liabilities	(13,510)	(12,253)
Net cash provided by operating activities	17,491	13,266
INVESTING ACTIVITIES:
Acquisitions, net of cash acquired	(5,195)	(28,534)
Purchases of property, technology, and equipment	(4,291)	(5,122)
Proceeds from sale of property, technology, and equipment	545	163
Net cash used for investing activities	(8,941)	(33,493)
FINANCING ACTIVITIES:
Proceeds from revolving credit facility	10,000	45,200
Repayments of revolving credit facility	(5,000)	(25,200)
Repayments of finance lease liabilities	(282)	(917)
Repurchases of common stock	(3,493)	(798)
Payments of contingent consideration	(6,753)	(474)
Distributions to noncontrolling interest	(18)	(225)
Proceeds from exercise of stock options	332	1,209
Payments of employee tax withholdings related to restricted stock units and stock options	(480)	(565)
Net cash provided by (used for) financing activities	(5,694)	18,230
Effect of exchange rate changes on cash and cash equivalents	(213)	65
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	2,643	(1,932)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	22,942	24,874
CASH AND CASH EQUIVALENTS, END OF YEAR	25,585	22,942
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Income taxes, net of refunds	3,957	5,783
Interest paid	$ 1,974	$ 946

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 25,585	$ 22,942
Accounts receivable, net of allowance of $3,182 and $2,128, respectively	162,792	134,911
Contract assets	11,616	6,904
Income tax receivable	983	2,194
Prepaid expenses and other current assets	7,072	12,299
Total current assets	208,048	179,250
Property, technology, and equipment, net	19,954	23,489
Goodwill	122,372	117,637
Intangible assets, net	43,811	49,123
Operating lease right-of-use assets	48,327	55,066
Deposits and other assets	1,883	2,209
Total other long-term assets	216,393	224,035
Total assets	444,395	426,774
Current liabilities:
Accounts payable	88,084	74,411
Operating partner commissions payable	11,035	10,541
Accrued expenses	11,789	10,637
Current portion of operating lease liabilities	13,199	12,741
Current portion of finance lease liabilities	245	282
Current portion of contingent consideration	5,200	6,050
Other current liabilities	690	483
Total current liabilities	130,242	115,145
Notes payable	25,000	20,000
Operating lease liabilities, net of current portion	41,115	49,245
Finance lease liabilities, net of current portion	724	969
Contingent consideration, net of current portion	2,500	13,300
Deferred tax liabilities	1,069	1,782
Other long-term liabilities	352	248
Total long-term liabilities	70,760	85,544
Total liabilities	201,002	200,689
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest	1,604	0
Equity:
Common stock, $0.001 par value, 100,000,000 shares authorized; 52,660,343 and 52,324,201 shares issued, and 46,894,270 and 47,143,178 shares outstanding, respectively	34	34
Additional paid-in capital	112,100	110,588
Treasury stock, at cost, 5,766,073 and 5,181,023 shares, respectively	(35,457)	(31,964)
Retained earnings	169,355	150,569
Accumulated other comprehensive loss	(4,508)	(3,211)
Total Radiant Logistics, Inc. stockholders’ equity	241,524	226,016
Noncontrolling interest	265	69
Total equity	241,789	226,085
Total liabilities and equity	$ 444,395	$ 426,774