RXO, Inc. (RXO) FY2025 10-K Annual Report
RXO, Inc. (RXO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 9, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
RXO, Inc. FY2025 10-K Analysis
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
RXO, Inc. FY2025 Key Financial MetricsXBRL
Revenue
$5.7B
▲ +26.2% YoY
Net Income
-$100M
▲ +65.5% YoY
Operating Margin
-1.4%
▼ -15bp YoY
Net Margin
-1.7%
▲ +463bp YoY
ROE
-6.5%
▲ +1150bp YoY
Total Assets
$3.3B
▼ -4.0% YoY
EPS (Diluted)
$-0.59
▲ +72.8% YoY
Operating Cash Flow
$51M
▲ +525.0% YoY
Source: XBRL data from RXO, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.
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