Radiant Logistics Reports 15.9% Revenue Growth to $214M in Latest Quarter

Radiant Logistics, Inc. reported significant financial performance improvements in its latest quarterly filing, with revenues reaching $214.0 million for the three months ended March 31, 2025, compared to $184.6 million for the same period in 2024, marking a 15.9% increase. The company also achieved a net income of $2.5 million, a notable recovery from a net loss of $0.7 million in the prior year. For the nine months ending March 31, 2025, revenues totaled $682.1 million, up from $596.4 million in the previous year, reflecting a 14.4% increase. The net income for this period was $12.4 million, compared to $2.9 million in the same nine-month period last year.

The company attributed its revenue growth to incremental contributions from recent acquisitions, which accounted for approximately $16.7 million in the latest quarter. Additionally, Radiant Logistics has expanded its operational footprint through several strategic acquisitions, including Foundation Logistics & Services, Focus Logistics, TCB Transportation Associates, and Transcon Shipping Co., which collectively enhance its service offerings and geographic reach. The company continues to focus on integrating these acquisitions to leverage synergies and improve operational efficiency.

Operationally, Radiant Logistics reported an increase in adjusted gross profit, which rose to $58.2 million for the three months ended March 31, 2025, compared to $53.1 million in the prior year. The adjusted gross profit margin decreased slightly from 28.8% to 27.2%, primarily due to a higher proportion of lower-margin ocean freight revenues. The company’s total assets increased to $414.5 million as of March 31, 2025, up from $371.2 million at the end of the previous fiscal year, driven by the acquisitions and growth in accounts receivable.

The company’s operational metrics indicate a solid performance, with a total of 47,143,178 shares outstanding as of May 5, 2025. Radiant Logistics has also been proactive in managing its capital structure, utilizing a $200 million revolving credit facility to support its growth initiatives. As of March 31, 2025, the company had $15 million drawn against this facility, compared to no borrowings at the end of the previous fiscal year. The company remains committed to its growth strategy, focusing on both organic growth and strategic acquisitions, while navigating external challenges such as inflation and supply chain disruptions.

Looking ahead, Radiant Logistics anticipates continued growth driven by its strategic initiatives and the successful integration of recent acquisitions. However, the company acknowledges potential risks from external market conditions, including inflationary pressures and geopolitical tensions, which could impact its operations and financial results. Management is focused on enhancing its internal controls and addressing previously identified weaknesses to ensure accurate financial reporting and compliance with regulatory requirements.