Radiant Logistics Reports 12.2% Revenue Decline in Q2 Fiscal 2026

Radiant Logistics, Inc. reported a decline in financial performance for the second quarter of fiscal 2026, with revenues of $232.1 million, down 12.2% from $264.5 million in the same period last year. For the six months ended December 31, 2025, total revenues were $458.8 million, a decrease of 2.0% compared to $468.1 million for the prior year. The company's net income for the quarter was $5.3 million, down from $6.5 million in the previous year, while net income for the six-month period was $6.6 million, compared to $9.8 million in the same timeframe last year.

The decrease in revenue was primarily attributed to a reduction in project charter revenues, which had contributed significantly in the prior year. However, the company noted that incremental revenues from acquisitions partially offset this decline. Operating expenses for the quarter totaled $224.7 million, a decrease from $255.8 million in the prior year, driven by lower costs associated with transportation and other services. The adjusted gross profit for the quarter was $63.5 million, slightly up from $63.3 million year-over-year, indicating improved margins despite lower overall revenue.

In terms of strategic developments, Radiant Logistics completed the acquisition of an 80% interest in Weport, a Mexico City-based logistics company, which is expected to enhance its service offerings and geographic reach. The company also reported an increase in personnel costs, reflecting a rise in headcount due to recent acquisitions, which contributed to a 15.5% increase in personnel expenses for the quarter. The total employee headcount as of December 31, 2025, was not disclosed, but the company indicated that it continues to expand its workforce to support growth initiatives.

Looking ahead, Radiant Logistics remains focused on organic growth and strategic acquisitions to enhance its market position. The company plans to leverage its technology platform to strengthen customer relationships and expand its network of strategic operating partners. Despite the current economic uncertainties, including inflationary pressures and geopolitical tensions, management expressed confidence in the company's ability to navigate these challenges and achieve long-term growth objectives. The company also reported $31.9 million in cash and cash equivalents as of December 31, 2025, providing a solid liquidity position to support its operational and strategic initiatives.