RXO Q1 adjusted EBITDA fell to $6 million; Q2 guidance is $27 million to $37 million
RXO reported first-quarter 2026 revenue of $1.4 billion, flat from a year earlier, but its GAAP net loss widened to $36 million from $31 million and adjusted EBITDA fell to $6 million from $22 million. The company expects second-quarter adjusted EBITDA of $27 million to $37 million, and it raised its full-year contract rate forecast to a high-single-digit percentage increase.
Key points
- Q1 2026 revenue was $1.4 billion versus $1.4 billion in Q1 2025; gross margin was 14.2% versus 16.0%.
- GAAP diluted loss per share was $0.21; adjusted diluted loss per share was $0.09, versus $0.03 a year earlier.
- Brokerage full truckload volume fell 12% in Q1 but improved every month of the quarter; truckload spot mix rose to 33% of volume.
- Q2 2026 adjusted EBITDA is expected at $27 million to $37 million; Brokerage volume is expected to be approximately flat year over year.
The filing
Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.