RXO, Inc. reported a significant increase in financial performance for the fiscal year ending December 31, 2025, with total revenue reaching $5.742 billion, a 26.2% increase from $4.550 billion in 2024. This growth was primarily driven by a $1.2 billion increase in truck brokerage revenue, largely attributed to the acquisition of Coyote, and a $141 million rise in last mile revenue, which saw a 13% increase in volume. However, the company also experienced a net loss of $100 million, compared to a loss of $290 million in the previous year, indicating ongoing challenges in profitability despite revenue growth.
The acquisition of Coyote, completed on September 16, 2024, for $1.038 billion, was a pivotal strategic move for RXO, enhancing its competitive position and service offerings. The integration of Coyote's operations contributed to increased scale and revenue synergies, although it also led to higher costs, with the cost of transportation and services rising to 80.3% of revenue in 2025, up from 78.4% in 2024. Additionally, RXO's sales, general, and administrative expenses increased by 24.9% to $832 million, reflecting the full-year impact of Coyote's operations.
Operationally, RXO's workforce comprised 9,218 employees as of December 31, 2025, including 6,906 regular employees and 2,312 temporary workers. The company serves a diverse customer base, with its top five customers accounting for approximately 23% of total revenue. RXO's digital brokerage platform, RXO Connect®, continues to play a crucial role in enhancing operational efficiency and customer engagement, contributing to its market share in the truck brokerage industry.
Looking ahead, RXO's management expressed optimism about future growth, driven by ongoing investments in technology and the expansion of its service offerings. The company aims to leverage its asset-light business model and strong customer relationships to navigate the competitive landscape of the transportation industry. However, RXO also acknowledged potential risks, including economic fluctuations, regulatory changes, and the impact of inflation on operating costs, which could affect its financial performance in the coming periods.
About RXO, Inc.
RXO, Inc. is a leading asset-light transportation broker specializing in truck brokerage, managed transportation, and last mile delivery services. Utilizing proprietary digital platforms, it connects shippers with independent carriers across diverse industries in the U.S. The company emphasizes technology-driven efficiency, extensive carrier relationships, and customer service to deliver reliable, cost-effective freight solutions in a highly competitive market.
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