RXO on NYSE
RXO, Inc.
American transportation services company based in Charlotte, active since 2022.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with XPO, Inc., Hafnia Ltd or Global Business Travel Group, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-1.4%Operating margin3
-1.7%Net margin3
26.2%Revenue growth, 20253
-6.5%Return on equity3
-$8.0MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Truck Brokerage brought in 71% of the revenue RXO, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Truck Brokerage | $2.4B | $3.0B | $4.2B |
| Last Mile | $1.0B | $1.1B | $1.2B |
| Managed Transportation | $690.0M | $600.0M | $549.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin14¢$832.0M
- Other costs85¢$4.9B
- Income tax0¢$15.0M
Out of $5.7B in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending100¢$59.0M
Out of $51.0M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $5.7B | $4.5B | $3.9B |
| Cost of transportation and services (exclusive of depreciation and amortization) | $4.6B | $3.6B | $3.0B |
| Direct operating expense (exclusive of depreciation and amortization) | $190.0M | $202.0M | $235.0M |
| Sales, general and administrative expense | $832.0M | $666.0M | $591.0M |
| Depreciation and amortization expense | $116.0M | $87.0M | $67.0M |
| Transaction and integration costs | $22.0M | $53.0M | $12.0M |
| Restructuring costs | $38.0M | $33.0M | $16.0M |
| Goodwill impairment | $12.0M | $0 | $0 |
| Operating income (loss) | -$79.0M | -$56.0M | $39.0M |
| Other expense | $1.0M | $218.0M | $3.0M |
| Interest expense, net | $35.0M | $30.0M | $32.0M |
| Income (loss) before income taxes | -$115.0M | -$304.0M | $4.0M |
| Income tax provision (benefit) | -$15.0M | -$14.0M | $0 |
| Net income (loss) | -$100.0M | -$290.0M | $4.0M |
| Earnings per share, basic (in dollars per share) | -$0.59 | -$2.17 | $0.03 |
| Diluted earnings per share (in dollars per share) | -$0.59 | -$2.17 | $0.03 |
| Number of shares outstanding, basic (in shares) | 168.5M shares | 133.4M shares | 116.9M shares |
| Number of shares outstanding, diluted (in shares) | 168.5M shares | 133.4M shares | 119.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $17.0M | $35.0M | ||
| Accounts receivable, net of $16 and $13 in allowances, respectively | $1.2B | $1.2B | ||
| Other current assets | $74.0M | $77.0M | ||
| Total current assets | $1.3B | $1.3B | ||
| Property and equipment, net of $381 and $317 in accumulated depreciation, respectively | $134.0M | $135.0M | ||
| Operating lease assets | $238.0M | $276.0M | ||
| Goodwill | $1.1B | $1.1B | $630.0M | |
| Identifiable intangible assets, net of $164 and $146 in accumulated amortization, respectively | $453.0M | $499.0M | ||
| Other long-term assets | $24.0M | $42.0M | ||
| Total long-term assets | $2.0B | $2.1B | ||
| Total assets | $3.3B | $3.4B | ||
| Accounts payable | $539.0M | $568.0M | ||
| Accrued expenses | $397.0M | $373.0M | ||
| Short-term debt and current maturities of long-term debt | $17.0M | $17.0M | ||
| Short-term operating lease liabilities | $75.0M | $81.0M | ||
| Other current liabilities | $10.0M | $26.0M | ||
| Total current liabilities | $1.0B | $1.1B | ||
| Long-term debt and obligations under finance leases | $387.0M | $351.0M | ||
| Deferred tax liabilities | $51.0M | $88.0M | ||
| Long-term operating lease liabilities | $191.0M | $215.0M | ||
| Other long-term liabilities | $69.0M | $83.0M | ||
| Total long-term liabilities | $698.0M | $737.0M | ||
| Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | ||
| Common stock, $0.01 par value; 300,000 shares authorized; 164,160 and 162,517 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $2.0M | $2.0M | ||
| Additional paid-in capital | $1.9B | $1.9B | ||
| Accumulated deficit | -$384.0M | -$284.0M | ||
| Accumulated other comprehensive loss | -$6.0M | -$10.0M | ||
| Total equity | $1.5B | $1.6B | $594.0M | $587.0M |
| Total liabilities and equity | $3.3B | $3.4B | ||
| Accounts receivable, allowance | $16.0M | $13.0M | ||
| Accumulated depreciation | $381.0M | $317.0M | ||
| Finite-lived intangible assets, accumulated amortization | $164.0M | $146.0M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | |||
| Preferred stock, shares authorized (in shares) | 10.0M shares | |||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | |||
| Common stock, shares authorized (in shares) | 300.0M shares | |||
| Common stock, shares, issued (in shares) | 164.2M shares | 162.5M shares | ||
| Common stock, shares, outstanding (in shares) | 164.2M shares | 162.5M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $17.0M | $35.0M | ||
| Accounts receivable, net of $16 and $13 in allowances, respectively | $1.2B | $1.2B | ||
| Other current assets | $74.0M | $77.0M | ||
| Total current assets | $1.3B | $1.3B | ||
| Property and equipment, net of $381 and $317 in accumulated depreciation, respectively | $134.0M | $135.0M | ||
| Operating lease assets | $238.0M | $276.0M | ||
| Goodwill | $1.1B | $1.1B | $630.0M | |
| Identifiable intangible assets, net of $164 and $146 in accumulated amortization, respectively | $453.0M | $499.0M | ||
| Other long-term assets | $24.0M | $42.0M | ||
| Total long-term assets | $2.0B | $2.1B | ||
| Total assets | $3.3B | $3.4B | ||
| Accounts payable | $539.0M | $568.0M | ||
| Accrued expenses | $397.0M | $373.0M | ||
| Short-term debt and current maturities of long-term debt | $17.0M | $17.0M | ||
| Short-term operating lease liabilities | $75.0M | $81.0M | ||
| Other current liabilities | $10.0M | $26.0M | ||
| Total current liabilities | $1.0B | $1.1B | ||
| Long-term debt and obligations under finance leases | $387.0M | $351.0M | ||
| Deferred tax liabilities | $51.0M | $88.0M | ||
| Long-term operating lease liabilities | $191.0M | $215.0M | ||
| Other long-term liabilities | $69.0M | $83.0M | ||
| Total long-term liabilities | $698.0M | $737.0M | ||
| Preferred stock, $0.01 par value; 10,000 shares authorized; 0 shares issued and outstanding as of December 31, 2025 and 2024 | $0 | $0 | ||
| Common stock, $0.01 par value; 300,000 shares authorized; 164,160 and 162,517 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $2.0M | $2.0M | ||
| Additional paid-in capital | $1.9B | $1.9B | ||
| Accumulated deficit | -$384.0M | -$284.0M | ||
| Accumulated other comprehensive loss | -$6.0M | -$10.0M | ||
| Total equity | $1.5B | $1.6B | $594.0M | $587.0M |
| Total liabilities and equity | $3.3B | $3.4B | ||
| Accounts receivable, allowance | $16.0M | $13.0M | ||
| Accumulated depreciation | $381.0M | $317.0M | ||
| Finite-lived intangible assets, accumulated amortization | $164.0M | $146.0M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | |||
| Preferred stock, shares authorized (in shares) | 10.0M shares | |||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.01 | |||
| Common stock, shares authorized (in shares) | 300.0M shares | |||
| Common stock, shares, issued (in shares) | 164.2M shares | 162.5M shares | ||
| Common stock, shares, outstanding (in shares) | 164.2M shares | 162.5M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | -$100.0M | -$290.0M | $4.0M |
| Depreciation and amortization expense | $116.0M | $87.0M | $67.0M |
| Stock compensation expense | $29.0M | $23.0M | $19.0M |
| Deferred tax benefit | -$21.0M | -$19.0M | -$8.0M |
| Deemed non-pro rata distribution | $0 | $216.0M | $0 |
| Impairment of operating lease assets | $4.0M | $13.0M | $0 |
| Goodwill impairment | $12.0M | $0 | $0 |
| Other | $11.0M | $7.0M | $9.0M |
| Accounts receivable | -$5.0M | -$109.0M | $158.0M |
| Other current assets and other long-term assets | $19.0M | $8.0M | -$14.0M |
| Accounts payable | -$16.0M | -$65.0M | -$86.0M |
| Accrued expenses, other current liabilities and other long-term liabilities | $2.0M | $117.0M | -$60.0M |
| Net cash provided by (used in) operating activities | $51.0M | -$12.0M | $89.0M |
| Payment for purchases of property and equipment | -$59.0M | -$45.0M | -$64.0M |
| Business acquisition, net of cash acquired | -$10.0M | -$1.0B | $0 |
| Proceeds from sale of property and equipment | $2.0M | $0 | $0 |
| Other | -$4.0M | $0 | -$2.0M |
| Net cash used in investing activities | -$71.0M | -$1.1B | -$66.0M |
| Proceeds from borrowings on revolving credit facilities | $566.0M | $238.0M | $76.0M |
| Repayment of borrowings on revolving credit facilities | -$533.0M | -$226.0M | -$71.0M |
| Proceeds from issuance of common stock and pre-funded warrants | $0 | $1.1B | $0 |
| Payment for equity issuance costs | -$1.0M | -$30.0M | $0 |
| Repayment of debt and finance leases | -$2.0M | -$3.0M | -$104.0M |
| Payment for debt issuance costs | $0 | -$3.0M | $0 |
| Payment for tax withholdings related to vesting of stock compensation awards | -$19.0M | -$4.0M | -$14.0M |
| Repurchase of common stock | $0 | $0 | -$2.0M |
| Other | -$10.0M | $11.0M | -$2.0M |
| Net cash provided by (used in) financing activities | $1.0M | $1.1B | -$117.0M |
| Effect of exchange rates on cash, cash equivalents and restricted cash | $2.0M | -$2.0M | $1.0M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | -$17.0M | $30.0M | -$93.0M |
| Cash paid for income taxes, net | $7.0M | $4.0M | $27.0M |
| Cash paid for interest, net | $32.0M | $27.0M | $32.0M |
| Purchases of property and equipment in accounts payable, accrued expenses and other liabilities | $11.0M | $3.0M | $2.0M |
| Accrued tax withholdings related to vesting of stock compensation awards | $0 | $15.0M | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led RXO, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
2025
- Chief executive officerAndrew M. Wilkerson Oct 17, 2022 to now9
Board members and other officers (16)
- Chief Accounting OfficerDaniel S. Morris May 15, 2026 to now10
- TreasurerChristopher J. Signorello Oct 17, 2022 to Oct 17, 202211
- Chief Accounting OfficerJason S. Kerr Nov 1, 2022 to now12
- Board memberTroy A. Cooper Jun 17, 2024 to now13
- Board memberChristopher J. Signorello Oct 17, 2022 to Oct 17, 202211
- Board memberRavi Tulsyan Oct 17, 2022 to Oct 17, 202214
- Board memberAdrian Kingshott Nov 1, 2022 to now15
- Board memberAnnamaria Desalva Nov 1, 2022 to Jan 4, 202416
- Board memberChristine S. Breves Nov 1, 2022 to now17
- Board memberMary E. Kissel Nov 1, 2022 to now18
- Board memberMichelle Nettles Nov 1, 2022 to now19
- Board memberS. Jacobs Bradley Nov 1, 2022 to Jan 6, 202520
- Board memberStephen M. Renna Nov 1, 2022 to now21
- Board memberThomas A. Szlosek Nov 1, 2022 to now22
- Board memberAndrew M. Wilkerson Nov 3, 2022 to now23
- General counselJeffrey D. Firestone Oct 17, 2022 to now24
Former names
Timeline
Filings
323 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 46 major events, 167 insider forms, 36 large holders, 58 other. The latest 20:
- Oct 9, 2026425 EDGAR
- Oct 8, 2026425 EDGAR
- Oct 6, 2026425 EDGAR
- Oct 6, 2026425 EDGAR
- Oct 6, 2026425 EDGAR
- Oct 6, 2026425 EDGAR
- Oct 6, 2026425 EDGAR
- Oct 6, 2026425 EDGAR
- Oct 6, 2026425 EDGAR
- Oct 6, 2026425 EDGAR
- Oct 5, 2026SCHEDULE 13D EDGAR
- Oct 5, 2026425 EDGAR
- Oct 5, 2026425 EDGAR
- Oct 5, 2026425 EDGAR
- Oct 5, 2026425 EDGAR
- Oct 5, 2026425 EDGAR
- Oct 5, 2026425 EDGAR
- Oct 5, 2026425 EDGAR
- Oct 5, 2026425 EDGAR
- Oct 5, 20268-K EDGAR
The 323 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 36 such filings since October 2021, the latest 10:
- Oct 5, 2026SCHEDULE 13D
- Aug 13, 2026SCHEDULE 13G/A
- May 15, 2026SCHEDULE 13G/A
- Apr 30, 2026SCHEDULE 13G
- Apr 29, 2026SCHEDULE 13G
- Mar 27, 2026SCHEDULE 13G/A
- Feb 17, 2026SCHEDULE 13G/A
- Feb 13, 2026SCHEDULE 13G
- Feb 10, 2026SCHEDULE 13G/A
- Nov 14, 2025SCHEDULE 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Orbis Allan Gray Ltd | 36,397,974 | $1.0B | 3.5% | No change |
| MFN Partners Management, LP | 28,109,942 | $775.6M | 16.0% | No change |
| BlackRock, Inc. | 25,135,757 | $693.5M | 0.0% | +969,878 |
| Vanguard Portfolio Management LLC | 9,290,827 | $256.3M | 0.0% | +256,028 |
| Vanguard Capital Management LLC | 7,430,859 | $205.0M | 0.0% | +60,375 |
| State Street Corp | 6,658,205 | $183.7M | 0.0% | +89,865 |
| Hood River Capital Management LLC | 6,478,546 | $178.7M | 1.3% | +2,026,330 |
| Finepoint Capital LP | 5,355,445 | $147.8M | 32.0% | −4,718,173 |
| Geode Capital Management, LLC | 4,269,292 | $117.8M | 0.0% | +282,209 |
| Douglas Lane & Associates, LLC | 3,346,342 | $92.3M | 1.3% | −160,184 |
| FIL Ltd | 2,625,000 | $72.4M | 0.1% | −3,925,000 |
| Charles Schwab Investment Management Inc | 2,613,414 | $72.1M | 0.0% | +7,755 |
| Maple Rock Capital Partners Inc. | 2,583,655 | $71.3M | 1.4% | New |
| Dimensional Fund Advisors LP | 2,441,326 | $67.4M | 0.0% | +392,423 |
| Boston Partners | 2,207,594 | $60.9M | 0.1% | −289,422 |
| Goldman Sachs Group Inc | 1,983,060 | $54.7M | 0.0% | +874,187 |
| Northern Trust Corp | 1,711,702 | $47.2M | 0.0% | +212,541 |
| Morgan Stanley | 1,706,328 | $47.1M | 0.0% | +457,314 |
| Invesco Ltd. | 1,213,400 | $33.5M | 0.0% | −148,994 |
| Emerald Advisers, LLC | 1,174,517 | $32.4M | 0.8% | +736,046 |
| Kennedy Capital Management LLC | 1,108,441 | $30.6M | 0.5% | −587,776 |
| Vanguard Fiduciary Trust Co | 1,098,652 | $30.3M | 0.0% | +31,521 |
| Frontier Capital Management Co LLC | 1,026,223 | $28.3M | 0.3% | −1,625,314 |
| Swedbank AB | 979,000 | $27.0M | 0.0% | −179,000 |
| Penn Capital Management Company, LLC | 974,963 | $27.0M | 1.7% | −372,587 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARRXO, Inc. filings on SEC EDGAR
- 2SEC EDGARRXO, Inc. filings on SEC EDGAR
- 3SEC EDGARRXO, Inc. 10-K for fiscal 2025
- 4SEC EDGARRXO, Inc. 10-K for fiscal 2020
- 5SEC EDGARRXO, Inc. 10-K for fiscal 2021
- 6SEC EDGARRXO, Inc. 10-K for fiscal 2022
- 7SEC EDGARRXO, Inc. 10-Q for fiscal 2026
- 8SEC EDGARRXO, Inc. 10-Q for fiscal 2026
- 9
- 10
- 11SEC EDGARChristopher J. Signorello, Treasurer
- 12
- 13SEC EDGARTroy A. Cooper, Board member
- 14SEC EDGARRavi Tulsyan, Board member
- 15SEC EDGARAdrian Kingshott, Board member
- 16SEC EDGARAnnamaria Desalva, Board member
- 17SEC EDGARChristine S. Breves, Board member
- 18SEC EDGARMary E. Kissel, Board member
- 19SEC EDGARMichelle Nettles, Board member
- 20SEC EDGARS. Jacobs Bradley, Board member
- 21SEC EDGARStephen M. Renna, Board member
- 22SEC EDGARThomas A. Szlosek, Board member
- 23SEC EDGARAndrew M. Wilkerson, Board member
- 24
- 25gleifRXO, Inc. is founded