RBA on NYSE

Ritchie Bros. Auctioneers

North American industrial auctioneer

Ritchie Bros. Auctioneers (RBA), or simply Ritchie Bros., is a publicly traded company legally domiciled in Canada with headquarters in Westchester, Illinois.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1958Founded1

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  • TickerRBA on NYSE1
  • Industryauction1
  • HeadquartersBurnaby1
  • Websitewww.rbauction.com
  • Listed onNew York Stock Exchange (RBA), Toronto Stock Exchange1
  • Incorporated inOntario, Canada4
  • Business address9500 Glenlyon Parkway, Burnaby, V5J 0C64
  • Filer categoryLarge accelerated filer4

Ritchie Bros. Auctioneers (RBA), or simply Ritchie Bros., is a publicly traded company legally domiciled in Canada with headquarters in Westchester, Illinois. Its common shares are traded on the Toronto Stock Exchange and the New York Stock Exchange.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

15.5%Operating margin6
9.3%Net margin6
7.2%Revenue growth, 20256
7.7%Return on equity6
0.41×Debt to equity6
$719.2MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Buyer Revenue brought in 49% of the revenue Ritchie Bros. Auctioneers broke down this way in fiscal 2025.

  1. Buyer Revenue$2.2B649%up 8% from 2024
  2. Inventory Sales Revenue$1.1B624%up 18% from 2024
  3. Seller Revenue$928.8M620%down 1% from 2024
  4. Marketplace services revenue$335.1M67%down 6% from 2024
Products and services by year
Products and services202320242025
Buyer Revenue$1.6B$2.1B$2.2B
Inventory Sales Revenue$947.1M$920.6M$1.1B
Seller Revenue$851.7M$939.4M$928.8M
Marketplace services revenue$287.6M$357.1M$335.1M

Regions

United States brought in 72% of the revenue Ritchie Bros. Auctioneers broke down this way in fiscal 2025.

  1. United States$3.3B672%up 7% from 2024
  2. Canada$695.6M615%up 9% from 2024
  3. Europe$338.9M67%up 2% from 2024
  4. Australia$151.2M63%up 10% from 2024
  5. Other Countries$97.8M62%up 23% from 2024
Regions by year
Regions202320242025
United States$2.6B$3.1B$3.3B
Canada$551.5M$640.6M$695.6M
Europe$321.8M$333.0M$338.9M
Australia$136.7M$137.2M$151.2M
Other Countries$78.0M$79.3M$97.8M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin20¢$905.2M
  • Other costs69¢$3.1B
  • Income tax2¢$108.0M
  • Profit9¢$428.4M

Out of $4.6B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending26¢$259.0M
  • Kept or used elsewhere74¢$719.2M

Out of $978.2M of cash from operations.6

Financial statements

Revenue789106$4.6B in 2025+248% since 2019
0$2.0B$4.0B$6.0B2019: $1.3B$1.3B20192020: $1.4B$1.4B2020+4%2021: $1.4B$1.4B2021+3%2022: $1.7B$1.7B2022+22%2023: $3.7B$3.7B2023+112%2024: $4.3B$4.3B2024+16%2025: $4.6B$4.6B2025+7%
Operating income789106$713.4M in 2025+220% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $223.2M$223.2M20192020: $263.2M$263.2M2020+18%2021: $241.0M$241.0M2021−8%2022: $453.5M$453.5M2022+88%2023: $471.3M$471.3M2023+4%2024: $761.2M$761.2M2024+62%2025: $713.4M$713.4M2025−6%
Net income789106$428.4M in 2025+187% since 2019
0$200.0M$400.0M$600.0M2019: $149.0M$149.0M20192020: $170.1M$170.1M2020+14%2021: $151.9M$151.9M2021−11%2022: $319.7M$319.7M2022+110%2023: $206.5M$206.5M2023−35%2024: $413.1M$413.1M2024+100%2025: $428.4M$428.4M2025+4%

Every line of the income statement in the latest annual report, as filed.6

Period ending2025-12-312024-12-312023-12-31
Total revenue$4.6B$4.3B$3.7B
Selling, general and administrative$905.2M$773.9M$743.7M
Acquisition-related and integration costs$19.4M$29.0M$216.1M
Depreciation and amortization$483.4M$444.4M$352.2M
Total operating expenses$3.9B$3.5B$3.2B
Gain on disposition of property, plant and equipment$2.2M$3.8M$4.9M
Loss on divestiture and deconsolidation, net-$9.6M$0$0
Operating income$713.4M$761.2M$471.3M
Interest expense-$191.6M-$233.7M-$213.8M
Interest income$14.9M$26.2M$22.0M
Other income (loss), net-$100.0K-$1.7M$4.7M
Foreign exchange loss-$1.0M-$1.9M-$1.8M
Income before income taxes$535.6M$550.1M$282.4M
Income tax expense$108.0M$137.3M$76.4M
Net income$427.6M$412.8M$206.0M
Redeemable non-controlling interest-$800.0K-$300.0K-$500.0K
Net income attributable to controlling interests$428.4M$413.1M$206.5M
Cumulative dividends on Series A Senior Preferred Shares-$26.7M-$26.7M-$24.3M
Allocated earnings to Series A Senior Preferred Shares-$14.2M-$13.7M-$7.3M
Adjustment of redeemable non-controlling interest-$5.3M$0$0
Net income available to common stockholders$382.2M$372.7M$174.9M
Basic (usd per share)$2.06$2.03$1.05
Diluted (usd per share)$2.04$2.01$1.04
Basic (in shares)185.4M shares184.0M shares167.0M shares
Diluted (in shares)186.9M shares185.3M shares168.2M shares

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The story

The Ritchie Brothers

Ritchie Bros. Auctioneers was established in Kelowna, British Columbia, Canada, when the three Ritchie brothers – Ken, John and Dave Ritchie – took over the OK Used Furniture Store from their father in 1955. They entered the auction business in 1958.

The brothers began conducting auctions more regularly and in 1958 incorporated Ritchie Bros. Auction Galleries Ltd. to formalize their new business. Ritchie Bros. began selling used equipment in the 1960s. In 1963 Dave Ritchie moved to Vancouver, B.C. and rented an auction site on S.E. Marine Drive. He set up the company's first equipment auction in Vancouver shortly after.

The early auction years

Most of the company's earliest auctions were held in British Columbia. Ritchie Bros. began expanding into other parts of Canada in the mid-1960s, conducting its first auctions in Alberta (in 1964), the Yukon (1964), Saskatchewan (1965), Manitoba (1968), and other parts of Eastern Canada shortly thereafter.

In 1965, Ken Ritchie left the company to spend more time with his family and the company's name was changed from Ritchie Bros. Auction Galleries Ltd. to Ritchie Bros. Auctioneers Ltd. Ken established his own auction company, but returned to work with his brothers in 1968. He stayed with Ritchie Bros. Auctioneers until 1980.

In 1968, Ritchie Bros. Auctioneers held its first auction with gross proceeds in excess of CA$1 million, in Edmonton, Alberta, Canada. Edmonton was also the site of the company's first permanent auction site (on company-owned land), which was established in 1976. Until then, Ritchie Bros. had been conducting its auctions on leased land.

Expansion in the U.S.

Ritchie Bros. established its first presence outside Canada in 1969 when it became incorporated in Washington, USA. The company held its first auction outside Canada in 1970, in Beaverton, Oregon, and gradually began expanding throughout the United States.

In 1974, John Ritchie left the company, selling his share of the business to his brother Dave. In 1975, Dave Ritchie – the sole company shareholder – sold partnerships in Ritchie Bros. Auctioneers to some of his key employees.

International expansion

In the late 1980s, Ritchie Bros. Auctioneers began to look overseas for further growth opportunities, in the UK and the Netherlands, and then in Australia and other countries.

Read the full text

Going public

In 1998, the year that Ritchie Bros. went public, the company's annual gross auction proceeds exceeded US$1 billion for the first time ever. Its common shares were listed on the New York Stock Exchange under the symbol RBA in March 1998, followed by listing on the Toronto Stock Exchange in April 2004.

Since then, Ritchie Bros. has added auction sites in eight other countries. Today, the company has 40+ auction sites worldwide.

Acquisitions

In 1999, Ritchie Bros. acquired Forke Brothers, an equipment auction company based in Nebraska, USA and one of its major competitors. The company moved its U.S. headquarters to Lincoln, Nebraska following the acquisition. Ritchie Bros. made its foray into the agricultural equipment auction business with the acquisitions of All Peace Auctions of Grande Prairie, Alberta, Canada in 2002; LeBlanc Auction Service of Estevan, Saskatchewan, Canada in 2004; Dennis Biliske Auctioneers of Buxton, North Dakota, USA in 2006; Clarke Auctioneers of Rouleau, Saskatchewan, Canada in 2007; and Martella Auction Company of Tipton, CA in 2009. In February Ritchie Bros. acquired a used heavy equipment listing service, Mascus. In August 2016, the company announced its plan to acquire IronPlanet, Inc., an online auction company. The deal was approved by the DOJ and closed in May 2017. In 2016, Ritchie Bros. also acquired Petrowsky Auctioneers based in Franklin, CT and Kramer Auctions, a Canadian agricultural auction company based in North Battleford, SK. In 2018, Ritchie Bros. acquired Leake Auction Company, an Oklahoma-based collector car auctioneer. In August 2021, the acquisition of Euro Auctions, a Northern Ireland auction house that buys and sells industrial plant, construction equipment, and agricultural machinery for £775 million was announced. That acquisition attempt was discontinued in April 2022. In March 2023, Ritchie Bros. completed the acquisition of U.S. auto retailer IAA Inc. in a stock and cash deal worth $7 billion. It was announced in May 2023 a new name for the parent company, RB Global.

From Wikipedia’s article on RB Global, shared under CC BY-SA 4.0.5

Products and brands

Brand portfolio

This is a list of companies and platforms owned and operated by RB Global.

Operations

In 2022, Ritchie Bros. reported US$6 billion in total Gross Transactional Value (GTV).

Management

Jim Kessler was appointed Ritchie Bros.' CEO after the departure of Ann Fandozzi in December 2023 due to a dispute over equity compensation. The company also fired its CFO Eric Jacobs. Other notable management team members at Ritchie Bros. include Matt Ackley (Chief Digital Officer), Carmen Thiede (Chief Transformation & People Officer), Jeff Jeter (Chief Revenue Officer), Baron Concors (Chief Product & Technology Officer), Kevin Geisner (Chief Strategy Officer), and Darren Watt (Chief Legal Officer).

From Wikipedia’s article on RB Global, shared under CC BY-SA 4.0.5

Former names

  • RITCHIE BROS AUCTIONEERS INCSep 26, 1997 to May 18, 20234

Timeline

  1. 1958Founded Founded1

Recent filings

  1. Oct 9, 20264
  2. Oct 8, 20268-K
  3. Oct 8, 20264
  4. Sep 21, 20264
  5. Sep 21, 20264
  6. Sep 21, 20264
  7. Sep 21, 20264
  8. Sep 21, 20264
  9. Sep 18, 20264
  10. Sep 18, 20264
  11. Sep 18, 20264
  12. Sep 18, 20264
  13. Sep 18, 20264
  14. Sep 18, 20264
  15. Sep 18, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2