olivLaw · US equity research
Radiant Logistics, Inc. RLGT
Arrangement of Transportation of Freight & Cargo · SIC 4731 · Vertical: Arrangement of Transportation of Freight & Cargo (SIC 4731)
Radiant Logistics is a third-party logistics provider running an asset-light model that arranges freight transport through its agent and operating partner network across North America and other markets. In the fourth fiscal quarter of 2026 revenue rose 18.5%, and the company says it aims to keep growing organically and through acquisitions.
At the close of 04 Nov 2026, Radiant Logistics, Inc. (RLGT) stock was 9.60 USD (+2.02% on the day), with market capitalisation 450.2 m USD, P/E 24.6 on diluted EPS of 0.39 USD over the last 12 months, beta 0.93, 52-week range 5.88–9.81 USD. Latest reported quarter (Q4 2026): revenue of 261.4 m USD (+18.5% YoY), net income of 7.5 m USD (+53.2% YoY), diluted EPS 0.15 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 69.3
- strong (55–70)
- Bollinger (20, 2)
- 8.55 – 9.54
- above the upper band · %B 1.06 · band width 11.0%
- SMA 50 / 200
- 8.84 / 8.28
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 0.13 / 0.06
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +3.8% | −1.1% | +4.9 pp | — |
| 3 months | +14.8% | −0.5% | +15.3 pp | — |
| 6 months | +16.6% | +4.4% | +12.3 pp | — |
| Year to date | +51.7% | +12.3% | +39.3 pp | — |
| 1 year | +60.3% | +13.5% | +46.7 pp | −52.6% |
| 3 years | +56.4% | +76.4% | −20.1 pp | −74.3% |
| 5 years | +32.2% | +63.7% | −31.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q4 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 203.6 m | 264.5 m | 214.0 m | 220.6 m | 226.7 m | 232.1 m | 214.1 m | 261.4 m |
| SG&A | 10.3 m | 12.0 m | 9.9 m | 10.2 m | 12.1 m | 9.6 m | 9.3 m | 11.4 m |
| Operating income | 3.8 m | 8.7 m | 3.3 m | 5.2 m | 2.1 m | 7.5 m | 6.5 m | 8.5 m |
| Depreciation & amortisation | 2.0 m | 2.0 m | 1.9 m | 1.8 m | 1.8 m | 1.7 m | 1.8 m | 1.8 m |
| Interest expense | 237.0 k | 311.0 k | 303.0 k | 491.0 k | 605.0 k | 625.0 k | 564.0 k | 525.0 k |
| Pre-tax income | 4.6 m | 8.7 m | 3.1 m | 4.8 m | 1.6 m | 6.9 m | 6.4 m | 8.0 m |
| Income tax | 1.1 m | 2.2 m | 573.0 k | -116.0 k | 339.0 k | 1.7 m | 1.9 m | 349.0 k |
| Net income | 3.4 m | 6.5 m | 2.5 m | 4.9 m | 1.3 m | 5.3 m | 4.7 m | 7.5 m |
| Diluted EPS | 0.07 | 0.13 | 0.05 | 0.10 ≈ | 0.03 | 0.11 | 0.10 | 0.15 ≈ |
| Operating cash flow | 205.0 k | 15.7 m ≈ | -5.7 m ≈ | 3.1 m | 2.5 m | 12.4 m ≈ | 14.6 m ≈ | -11.9 m |
| Capex | 2.1 m | 1.5 m ≈ | 624.0 k ≈ | 893.0 k | 1.5 m | 716.0 k ≈ | 1.3 m ≈ | 841.0 k |
| Share repurchases | 708.0 k | 0 ≈ | 0 ≈ | 90.0 k | 834.0 k | 2.7 m ≈ | 0 ≈ | 0 |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 69 percentile of its own 39-quarter history (min 5.8, median 21.6, max 74.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 890.5 m | 855.2 m | 899.8 m | 1.5 bn | 1.1 bn | 802.5 m | 902.7 m | 934.4 m |
| Revenue YoY | +5.7% | −4.0% | +5.2% | +62.2% | −25.6% | −26.1% | +12.5% | +3.5% |
| Net income | 16.3 m | 10.5 m | 23.1 m | 44.5 m | 20.6 m | 7.7 m | 17.3 m | 18.8 m |
| Net income YoY | +60.4% | −35.5% | +119.2% | +92.4% | −53.7% | −62.7% | +125.0% | +8.6% |
| Diluted EPS | 0.27 | 0.21 | 0.45 | 0.88 | 0.42 | 0.16 | 0.35 | 0.39 |
| Diluted EPS YoY | +68.8% | −22.2% | +114.3% | +95.6% | −52.3% | −61.9% | +118.8% | +11.4% |
| net % | 1.8% | 1.2% | 2.6% | 3.0% | 1.9% | 1.0% | 1.9% | 2.0% |
| Free cash flow | 33.4 m | 24.7 m | 2.7 m | 17.4 m | 90.3 m | 8.7 m | 8.1 m | 13.2 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2026 · 30 Jun 2026
- Cash
- 25.6 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 241.8 m USD
- Total assets
- 444.4 m USD
- Debt / equity
- unavailable
- Current ratio
- 1.60x
- ROE
- 8.0%
- ROA
- 4.3%
- FCF margin
- 1.4%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 899.8 m | 1.5 bn | 1.1 bn | 802.5 m | 902.7 m | 934.4 m | SEC (XBRL)· 14 Sept 2026verified |
| SG&A | 23.7 m | 34.0 m | 38.5 m | 38.7 m | 42.5 m | 42.3 m | SEC (XBRL)· 14 Sept 2026verified |
| Operating income | 26.2 m | 58.6 m | 28.1 m | 9.3 m | 21.1 m | 24.6 m | SEC (XBRL)· 14 Sept 2026verified |
| Depreciation & amortisation | 6.5 m | 7.3 m | 7.4 m | 7.6 m | 7.8 m | 7.1 m | SEC (XBRL)· 14 Sept 2026verified |
| EBITDA | 32.7 m ≈ | 66.0 m ≈ | 35.5 m ≈ | 16.9 m ≈ | 28.8 m ≈ | 31.7 m ≈ | SEC (XBRL)· 14 Sept 2026derived |
| Interest expense | 2.5 m | 3.2 m | 3.3 m | 1.1 m | 1.3 m | 2.3 m | SEC (XBRL)· 14 Sept 2026verified |
| Pre-tax income | 29.6 m | 58.2 m | 27.5 m | 9.7 m | 21.2 m | 23.0 m | SEC (XBRL)· 14 Sept 2026verified |
| Income tax | 6.0 m | 12.7 m | 6.3 m | 1.5 m | 3.8 m | 4.3 m | SEC (XBRL)· 14 Sept 2026verified |
| Net income | 23.1 m | 44.5 m | 20.6 m | 7.7 m | 17.3 m | 18.8 m | SEC (XBRL)· 14 Sept 2026verified |
| Diluted EPS | 0.45 | 0.88 | 0.42 | 0.16 | 0.35 | 0.39 | SEC (XBRL)· 14 Sept 2026verified |
| Weighted average diluted shares | 51.2 m | 50.7 m | 49.6 m | 48.8 m | 48.7 m | 48.6 m | SEC (XBRL)· 14 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 13.7 m | 24.4 m | 32.5 m | 24.9 m | 22.9 m | 25.6 m | SEC (XBRL)· 14 Sept 2026verified |
| Receivables | 117.3 m | 225.3 m | 126.7 m | 118.0 m | 134.9 m | 162.8 m | SEC (XBRL)· 14 Sept 2026verified |
| Current assets | 193.6 m | 289.3 m | 180.6 m | 164.2 m | 179.3 m | 208.0 m | SEC (XBRL)· 14 Sept 2026verified |
| Property, plant & equipment, net | 24.2 m | 24.8 m | 25.4 m | 25.6 m | 23.5 m | 20.0 m | SEC (XBRL)· 14 Sept 2026verified |
| Goodwill | 72.6 m | 88.2 m | 89.2 m | 93.0 m | 117.6 m | 122.4 m | SEC (XBRL)· 14 Sept 2026verified |
| Intangibles (excl. goodwill) | 41.4 m | 48.5 m | 36.6 m | 34.9 m | 49.1 m | 43.8 m | SEC (XBRL)· 14 Sept 2026verified |
| Total assets | 374.5 m | 497.4 m | 393.7 m | 371.2 m | 426.8 m | 444.4 m | SEC (XBRL)· 14 Sept 2026verified |
| Accounts payable | 103.7 m | 137.9 m | 84.6 m | 73.6 m | 74.4 m | 88.1 m | SEC (XBRL)· 14 Sept 2026verified |
| Short-term debt | 4.4 m | 4.6 m | 4.1 m | 0 | — | — | SEC (XBRL)· 12 Sept 2024verified |
| Long-term debt | 24.0 m | 66.7 m | 0 | 0 | — | — | SEC (XBRL)· 12 Sept 2024verified |
| Current liabilities | 143.5 m | 187.7 m | 132.2 m | 110.5 m | 115.1 m | 130.2 m | SEC (XBRL)· 14 Sept 2026verified |
| Total liabilities | 213.0 m | 302.8 m | 188.6 m | 161.7 m | 200.7 m | 201.0 m | SEC (XBRL)· 14 Sept 2026verified |
| Equity | 161.6 m | 194.6 m | 205.1 m | 209.5 m | 226.1 m | 241.8 m | SEC (XBRL)· 14 Sept 2026verified |
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 14.1 m | 24.9 m | 97.9 m | 17.3 m | 13.3 m | 17.5 m | SEC (XBRL)· 14 Sept 2026verified |
| Capex | 11.4 m | 7.5 m | 7.6 m | 8.6 m | 5.1 m | 4.3 m | SEC (XBRL)· 14 Sept 2026verified |
| Free cash flow | 2.7 m ≈ | 17.4 m ≈ | 90.3 m ≈ | 8.7 m ≈ | 8.1 m ≈ | 13.2 m ≈ | SEC (XBRL)· 14 Sept 2026derived |
| Investing cash flow | -11.1 m | -45.7 m | -10.7 m | -15.2 m | -33.5 m | -8.9 m | SEC (XBRL)· 14 Sept 2026verified |
| Financing cash flow | -23.7 m | 28.9 m | -80.2 m | -10.2 m | 18.2 m | -5.7 m | SEC (XBRL)· 14 Sept 2026verified |
| Share repurchases | 1.9 m | 11.3 m | 11.1 m | 4.1 m | 798.0 k | 3.5 m | SEC (XBRL)· 14 Sept 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 38 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 450.2 m USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet87
- Valuation39
- Quality63
- Growth0
- Returns11
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.23 – 9.78 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/E0.23 – 9.78 (Mid 9.37)5 companies used · median multiple 24.0x · quartiles 0.6x – 25.1xBCO, CHRW, EXPD, GVH, HUBG
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 38/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | 2.0% | 69 (vs peers) | 10% |
| FCF conversion · Quality | 70.3% | 58 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | -4.9% | 0 (on a fixed band) | 13% |
| EPS CAGR 3Y · Growth | -2.4% | 0 (on a fixed band) | 13% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 10.6x | 100 (on a fixed band) | 10% |
| Current ratio · Balance sheet | 1.6x | 66 (on a fixed band) | 6% |
| P/E (TTM) · Valuation | 24.6x | 40 (vs peers) | 16% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 2.9% | 37 (on a fixed band) | 13% |
| Shareholder yield (distributions) · Returns | 0.8% | 11 (on a fixed band) | 10% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet87/100 · 2/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality63/100 · 2/3 factors with a value
- Returns· partial11/100 · 1/2 factors with a value
- Valuation39/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
RADIANT LOGISTICS, INC. (RLGT). Latest full fiscal year: 2026; data up to 2026-06-30.
Figures computed from the financial statements: revenue 934.4 m USD in 2026; YoY growth 3.5%; net margin 2.0%; ROE 8.0%.
The estimated value range is 0.23–9.78 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 9.37 USD, the price of 9.60 USD leaves a potential of -2.4% (value / price − 1) and a margin of safety of -2.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 38/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Interest coverage: 10.6x
What contradicts it
- Revenue CAGR 3Y: -4.9%
- EPS CAGR 3Y: -2.4%
- Shareholder yield (distributions): 0.8%
Not assessed (insufficient data or a ratio without meaning): ROIC, Net debt / EBITDA, EV/EBITDA, Payout ratio (FCF).
Versus the vertical median
Arrangement of Transportation of Freight & Cargo (SIC 4731) · same industry (4-digit SIC) · compared with 16 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| EXPDExpeditors International Of Washington, Inc. | 25.5 bn | 25.1 | 45.0% | 7.9% | +4.4% | +35% / +64% |
| CHRWC.h. Robinson Worldwide, Inc. | 15.5 bn | 24.0 | 38.9% | 3.7% | −8.4% | −16% / +63% |
| BCOBrink’s Co | 4.7 bn | 29.6 | 56.0% | 2.9% | +5.0% | +1% / +43% |
| FWRDForward Air Corporation | 644.5 m | — | -1,574.1% | -11.4% | +0.8% | −17% / −70% |
| RLGTRadiant Logistics, Inc. | 450.2 m | 24.6 | 8.0% | 2.0% | +3.5% | +60% / +56% |
| NCEWNew Century Logistics (bvi) Limited | 422.8 m | — | -185.6% | -24.2% | −15.5% | +311% / unavailable |
| PSIGPS International Group Ltd. | 80.1 m | — | -440.7% | -28.6% | −39.0% | +28% / unavailable |
| CRGOFreightos Ltd | 32.8 m | — | -35.8% | -59.5% | +23.9% | −79% / −79% |
| VNTGVantage Corp | 14.3 m | — | -31.1% | -7.4% | −4.4% | −50% / unavailable |
| QNMEQuanome Technologies, Inc. | 13.4 m | — | -192.5% | -162.1% | +111.8% | −55% / unavailable |
| SLGBSmart Logistics Global Limited | 9.5 m | — | -13.4% | -2.9% | unavailable | −87% / unavailable |
| ELOGEastern International Ltd. | 9.2 m | — | -8.6% | -454.0% | −24.4% | −65% / unavailable |
| JYDJayud Global Logistics Limited | 9.0 m | — | -36.8% | -5.9% | +8.7% | −65% / −99% |
| SGLYSingularity Future Technology Ltd. | 2.6 m | — | -55.6% | -347.5% | −6.6% | −95% / −99% |
| FRGTFreight Technologies, Inc. | 1.6 m | — | -338.3% | -60.5% | −4.9% | −95% / −100% |
| GVHGlobavend Holdings Limited | 1.4 m | 0.6 | 9.0% | 2.9% | +42.5% | −76% / −100% |
| HUBGHub Group, Inc. | — | 0.1 | 6.3% | 2.8% | −6.1% | −30% / −29% |
1- and 3-year price returns: for RLGT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 5.28 Total return -45% · Per year -45% | 9.38 Total return -2% · Per year -2% | 14.19 Total return 48% · Per year 48% |
| 3 years | 4.20 Total return -56% · Per year -24% | 8.49 Total return -12% · Per year -4% | 14.23 Total return 48% · Per year 14% |
| 5 years | 3.35 Total return -65% · Per year -19% | 7.68 Total return -20% · Per year -4% | 14.26 Total return 49% · Per year 8% |
- Exit P/E± 2.12
- Net margin± 1.49
- Annual revenue growth± 1.34
- Annual dilution± 0.12
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Radiant Logistics is a third-party logistics provider running an asset-light model that arranges freight transport through its agent and operating partner network across North America and other markets. In the fourth fiscal quarter of 2026 revenue rose 18.5% 2, and the company says it aims to keep growing organically and through acquisitions.
SWOT
Strengths
- The non-asset model with low fixed assets and an extensive operating partner network give the company flexibility and a controllable cost base 1.
- The customer base is diversified, and no single customer exceeds ten percent of revenue, which reduces concentration risk 1.
- Liquidity has improved after the extension of the credit line and the reported absence of net debt 2.
Weaknesses
- Dependence on strategic operating partners creates the risk of contract termination and non-payment of invoices by them 1.
- Fragmented information systems, still on different platforms after acquisitions, raise the risk of manual errors and inaccuracies 1.
- Cash flow margins have fluctuated in the past and have not always improved as the business has grown 1.
Opportunities
- Capacity exit from road freight and recovering rates could support a broader recovery in the domestic market 2.
- If tariff tensions increase, demand for customs brokerage and for Canadian air and ocean forwarding could grow 2.
- The extended credit line and expanded acquisition accordion could support further acquisitions of complementary companies 2.
Threats
- If disruption to ocean routes and regional conflicts persist, transport costs and volumes could be adversely affected 2.
- Regulatory rules for indirect air carriers can bring fines if partners do not meet compliance requirements 1.
- Competition in the fragmented market and pricing pressure could limit margins over the long term 1.
Risks
- Dependence on strategic operating partnershigh
A significant share of adjusted gross profit comes from these partners, and termination or non-renewal of agreements could reduce revenue 1.
- Partner non-payment of receivablesmedium
Unpaid partner balances could turn into losses if partners cease operations or fail to replenish their deposits 1.
- Air carrier compliancemedium
Violations of indirect air carrier rules could lead to fines or limits on the ability to ship freight 1.
- Systems and cybersecuritymedium
The company has experienced cybersecurity events, and failures of systems or data security could interrupt services and create liability 1.
- Reliance on third-party carriersmedium
Shortages of capacity, strikes and carrier tariff changes could affect service delivery and margins 1.
Investment thesis
What would need to be true (bull case)
- If the recovery in truckload and intermodal markets strengthens, the brokerage division could benefit from better rates and volumes 2.
- A balance sheet without net debt and an extended credit line provide capacity for acquisitions and growth investment 2.
- The non-asset model and partner network could allow growth with low fixed costs if management keeps costs under control 1.
What would break the thesis
- Heavy dependence on operating partners could expose the company to contract terminations and losses on unpaid receivables 1.
- Cash flow margins have fluctuated in the past, and revenue growth has not always translated into better profitability 1.
- Geopolitical tensions, tariffs and fuel costs could pressure margins, particularly in air and ocean freight 1.
What to watch
- Development of spot rates and truckload capacity2027
- Trend in adjusted EBITDA margin and adjusted gross profitQ1 2027
- Completion of the migration of legacy systems to a single SAP-based platformnext 10-K
- Any acquisitions completed using the 100 million USD accordion2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company operates as a third-party logistics provider on a non-asset model, meaning it does not own the transport fleet but buys services from carriers and resells them to customers. Services include air and ocean freight forwarding, truck brokerage, intermodal transport and value-added services such as customs house brokerage and global trade management. The network includes over 100 operating locations, of which approximately 30 are Company-owned 1.
Growth strategy combines organic expansion, growth of the strategic operating partner network and acquisitions of complementary companies. The company has completed 33 acquisitions since its first in January 2006 1. Its technology platform and centralized back-office infrastructure are used to reduce costs across the system.
Segments
Forwarding and brokerage
This is the main revenue stream, covering air and ocean freight and truck and intermodal brokerage. Agreements with strategic operating partners support a significant share of adjusted gross profit 1.
Value-added services
Includes materials management and distribution, customs house brokerage, global trade management and technology services that complement core transport 1. Demand for customs brokerage was supported by tariff complexity, according to the release 2.
International operations
International operations include air and ocean freight and activity in Canada and Mexico. In the fourth quarter, international airfreight activity rose meaningfully 2.
Market context
The third-party logistics services market in the United States and Canada is estimated at approximately 336.3 billion USD a year, according to an external source cited in the annual report 1. The market is highly fragmented with thousands of companies of varying sizes, which favors consolidation.
Demand is supported by outsourcing of non-core activities, globalization of trade, the need for time-definite delivery and the growing influence of e-business 1. Uncertain economic conditions, geopolitical tensions and tariff policy could however change volumes and margins.
Trends
- Capacity exit from truckload and intermodaltailwind
Management says that as capacity exits the truckload and intermodal markets and spot rates recover, a more durable recovery of the domestic freight market could emerge 2. If the trend continues it could support the US brokerage operations.
- Geopolitical tensions and transport costsmixed
The Middle East conflict, disruption to ocean routes and elevated fuel prices have added cost pressure to air and ocean freight 1. These could affect volumes and margins, although ocean rates edged up late in the quarter 2.
- Tariff policy and customs complexitymixed
Tariff changes between the United States and Canada add complexity for shippers and may sustain demand for customs brokerage and compliance services 2. The full impact remains uncertain in the near term.
- Margin pressure from operating costsheadwind
The company acknowledges that profitability depends on controlling costs as it grows, and that cash flow margins have fluctuated in the past 1. If costs are not managed, profitability may not improve.
Competitive position
The market is highly fragmented, and competitors include both non-asset providers and asset-based operators with their own fleets. The company says that being independent of assets lets it choose the most efficient transport option without the influence of asset ownership 1. The main competitive factors are service quality, geographic coverage, technology and price 1.
Stated advantages are the non-asset model, the agent network, a diversified customer base and its proprietary technology platform 1. Asset-based competitors focus on utilizing their own fleets, which can limit their flexibility 1.
- Integrated small-parcel and express carriers
Named in the filing as the reference for small-parcel delivery, in contrast with the larger freight shipments Radiant handles 1.
- Asset-based carriers with owned fleets
Carriers that compete using their own trucks, aircraft and ships, but with less flexibility in choosing the carrier for a shipment 1.
- Other third-party logistics providers in North America
The fragmented market includes many regional and national providers competing on service and price 1.
- International logistics operators
Companies offering air and ocean forwarding in international markets compete with the company's international division 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Jefferies Says It Found Fraud in $900 Million of Radiant DealsBloomberg Markets · 10 Oct 2026 · EN
- US judge authorizes fund to subpoena New York Fed for documents related to Radiant WorldCNA (Channel NewsAsia) · 06 Oct 2026 · EN
- US Fund Accuses Trader Radiant World of Fraud in Swiss ComplaintBloomberg Markets · 30 Sept 2026 · EN
- Radiant Cuts More Jobs After Founder Loses Control of FirmBloomberg Markets · 29 Sept 2026 · EN
- Singapore court strips control of Radiant World from founderThe Japan Times · 25 Sept 2026 · EN
- Acadia Pharmaceuticals Announces Phase 3 Enabling Topline Results from Phase 2 RADIANT Study of Remlifanserin for the Treatment of Alzheimer Disease Psychosis ( ADP )Surge — GDELT DOC · 24 Sept 2026 · RO
- Singapore Court Appoints KPMG to Manage Trader Radiant WorldBloomberg Markets · 24 Sept 2026 · EN
- Vitol Trader Confirmed Radiant World Deal That Vitol Now DeniesBloomberg Markets · 23 Sept 2026 · EN
- Hunt for Bigbubble Casts Doubt on Radiant’s $1 Billion in AssetsBloomberg Markets · 23 Sept 2026 · EN
- Radiant World sent Mizuho fake Glencore email, court filing saysThe Japan Times · 23 Sept 2026 · EN
- Radiant World Sent Mizuho Fake Glencore Email, Court Filing SaysBloomberg Markets · 22 Sept 2026 · EN
- Radiant World Table Shows Six Lenders With $870 Million ExposureBloomberg Markets · 21 Sept 2026 · EN
- Inside Jefferies’ Months-Long Tussle With Glencore Over RadiantBloomberg Markets · 20 Sept 2026 · EN
- Radiant Logistics (RLGT): Citizens Turns Bullish on a Quarter the Full Year Doesn’t Back UpYahoo Finance — News · 20 Sept 2026 · EN
- Suspended Glencore Executive Told Radiant ‘Say Nothing on Email’Bloomberg Markets · 17 Sept 2026 · EN
- Radiant Logistics (RLGT) Bets $100M On A Freight ReboundYahoo Finance — News · 16 Sept 2026 · EN
- Why Radiant Logistics Stock Topped the Market on TuesdayYahoo Finance — News · 16 Sept 2026 · EN
- Radiant World Group Sues Glencore For $2 Billion, Executive SaysBloomberg Markets · 15 Sept 2026 · EN
- Glencore Says Radiant World Sent Falsified Invoices to LendersBloomberg Markets · 15 Sept 2026 · EN
- Radiant Logistics (RLGT) Q4 2026 Earnings Call TranscriptYahoo Finance — News · 15 Sept 2026 · EN
SEC filings
- Proxy statement09 Oct 2026
- Annual report14 Sept 2026
- Current report14 Sept 2026Results of operations · Financial statements and exhibits
- Current report03 Sept 2026Departure or appointment of officers · Other events
- Current report12 Aug 2026Material agreement · Creation of a direct financial obligation
- Quarterly report11 May 2026
- Current report11 May 2026Results of operations · Financial statements and exhibits
- Quarterly report09 Feb 2026
- Current report09 Feb 2026Results of operations · Financial statements and exhibits
- Current report19 Nov 2025Shareholder vote
Sources
- [1] Form 10-K, fiscal year ended 2026-06-30 · SEC / Radiant Logistics, Inc. · 14 Sept 2026
- [2] Form 8-K, results release (exhibit 99.1) · SEC / Radiant Logistics, Inc. · 14 Sept 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.