Short answer
RXO, Inc. (RXO) filed its fiscal 2025 10-K annual report with the SEC on Feb 9, 2026. It reported revenue of $5.7B (+26.2% year over year) and net income of −$100M.
- Top risk flagged: Regulatory risk from increased truck brokerage regulation and enforcement in 2025 tightened capacity and raised buy rates, outpacing contractual sell rates
FY2025 key financial metrics · XBRL
- Revenue
- $5.7B
- +26.2% YoY
- Net income
- −$100M
- +65.5% YoY
- Operating margin
- -1.4%
- −0.1 pp YoY
- EPS (diluted)
- −$0.59
- +72.8% YoY
- ROE
- -6.5%
- +11.5 pp YoY
- Operating cash flow
- $51M
- +525.0% YoY
Source: XBRL data from the RXO, Inc. (RXO) FY2025 10-K on SEC EDGAR. USD.
RXO, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: technology-driven, asset-light truck brokerage platform with managed transportation and last mile services
- New major acquisition: Coyote truckload brokerage and UK haulage/warehousing assets for $1.048 billion in 2024
- Strategy shift: increased focus on scaling digital brokerage via AI, machine learning, and cross-selling managed transportation/last mile
- Workforce 9,218 total staff end 2025, including 6,906 employees and 2,312 temporary workers
- RXO began trading on NYSE under ticker "RXO" on November 1, 2022, marking IPO and corporate establishment in 2022
Management Discussion & Analysis
- Revenue not explicitly detailed for 2025 vs 2024; focus on truck brokerage, managed transportation, last mile segments
- Profitability or margin percentages not provided in this section
- Truck brokerage: core and largest segment; asset-light managed transportation and last mile services complement it; no segment revenue or profit figures given
- Acquisition of Coyote for $1.038B cash plus $10M post-closing adjustments in early 2025
- Macroeconomic risks: inflation, interest rates, exchange rates, shipping costs, labor disputes, tariffs, international conflicts noted as risks to future results; ongoing monitoring mentioned
Risk Factors
- Regulatory risk from increased truck brokerage regulation and enforcement in 2025 tightened capacity and raised buy rates, outpacing contractual sell rates
- Macroeconomic risk from inflation causing higher interest, fuel, and wage costs, with cost of transportation rising to 80.3% of revenue in 2025
- Operational risk from integration of Coyote acquisition, contributing $1.2B revenue but increasing depreciation by $28M and requiring $19M integration costs in 2025
- Competitive risk from automotive expedite volume decline, reducing managed transportation revenue by $51M in 2025
- Financial risk from $355M unsecured 7.50% Notes due 2027 with interest payments starting May 2023, and $35M outstanding on a revolver increased to $600M commitment in 2023
Generated from the filing text; verify against the original. How to read a 10-K
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