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1. Company Snapshot

1.a. Company Description

Radiant Logistics, Inc., a third-party logistics company, provides multi-modal transportation and logistics services primarily in the United States and Canada.The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.It also provides other value-added supply chain services, including materials management and distribution services, as well as customs house brokerage services.


The company serves consumer goods, food and beverage, manufacturing, and retail customers through a network of company-owned and strategic operating partner locations under the Radiant, Radiant Canada, Clipper, Airgroup, Adcom, DBA, and Service By Air brands.Radiant Logistics, Inc.was incorporated in 2001 and is headquartered in Renton, Washington.

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1.b. Last Insights on RLGT

Radiant Logistics' recent performance faces challenges due to industry headwinds, macroeconomic pressures, and trade turmoil. Despite announcing progress in green-field and strategic operating partner acquisitions, the company's Q4 2025 earnings call highlighted earnings risk. The acquisition of an 80% ownership stake in Mexico-based Weport strengthened its North America platform, but rising costs and uncertain market conditions may impact future growth. According to a recent analysis, Radiant Logistics is considered a high-risk bet on sentiment reversal for freight and logistics stocks.

1.c. Company Highlights

2. Company Delivers Solid Q1 Results Amidst Challenging Freight Environment

The company reported adjusted EBITDA of $6.8 million for the fiscal quarter ended September 30, 2025, with a significant impact from a one-time $1.3 million bad debt expense related to the First Brands bankruptcy. Excluding this item, adjusted EBITDA would have been $8.1 million. The company's adjusted net income decreased by 43.3% to $3,416 million compared to the same period last year, while adjusted EBITDA decreased by 28.1% to $2,655 million. Earnings per share (EPS) came in at $0.09, slightly below estimates of $0.1005. Revenue growth is expected to be around 2.0% next year according to analyst estimates.

Publication Date: Nov -24

📋 Highlights
  • Adjusted EBITDA Performance:: Generated $6.8 million adjusted EBITDA ($8.1 million excluding $1.3 million First Brands bad debt expense).
  • Navegate Technology Deployment:: Proprietary platform now supports domestic/international services, enabling cost reduction and routing optimization for customers.
  • Capital Allocation Strategy:: $3.416 million adjusted net income decline (-43.3%) and $2.655 million EBITDA drop (-28.1%), yet focused on buybacks, acquisitions, and agent conversions.
  • Freight Market Challenges:: International business pressured by tariffs, but over-the-road pricing shows early improvement signs.
  • Weport Acquisition:: Strategic expansion into Mexico to strengthen North American footprint and customer competitiveness.

Operational Highlights

The company is seeing interesting organic growth opportunities in its contract logistics, custom services, and emerging technology services offerings, driven by its proprietary global trade management and collaboration platform, Navegate. Navegate supports both domestic and international shipments, delivering enhanced visibility, automation, and faster decision-making. The company's CEO, Bohn Crain, noted that Navegate has been evolving over the past 1.5 years and is now capable of supporting both international and domestic services, which will allow customers to reduce costs, optimize routing, and improve buying and routing decisions.

Challenging Freight Market and Outlook

The freight market continues to be challenging, particularly for international business, due to tariffs and other factors. However, the company is seeing early signs of improvement in over-the-road stock brokerage pricing and is hopeful that this trend will continue. The company expects to continue its balanced approach to capital allocation through agent station conversions, synergistic tuck-in acquisitions, and stock buybacks, while investing in incremental sales resources and deploying the Navegate technology.

Valuation and Capital Allocation

With a P/E Ratio of 18.48, P/B Ratio of 1.25, and EV/EBITDA of 9.76, the company's valuation appears reasonable. The company has a history of transforming itself through acquisitions and has generated significant cash flow, with a Free Cash Flow Yield of 3.93%. The company expects to continue buying back stock at current price points, seeing it as a great use of capital and believing the implied multiple is attractive. The ROIC of 4.95% and ROE of 6.88% indicate a decent return on investment, while the Net Debt / EBITDA ratio of 1.82 suggests a manageable debt burden.

Strategic Acquisitions and Growth Opportunities

The company is excited about the prospects of its Weport acquisition, which has solidified its presence in Mexico, a key market. The acquisition is expected to support existing customers and provide a competitive edge. The company's Navegate tool has shown great promise, with case studies to be shared in the future, and is expected to drive incremental organic growth within the next couple of quarters.

3. NewsRoom

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RADIANT LOGISTICS ANNOUNCES RENEWAL OF ITS STOCK REPURCHASE PROGRAM

Nov -17

Source: prnewswire.com

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Campbell & CO Investment Adviser LLC Buys Shares of 62,184 Radiant Logistics, Inc. $RLGT

Nov -17

Source: defenseworld.net

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Radiant Logistics, Inc. (RLGT) Q1 2026 Earnings Call Transcript

Nov -10

Source: seekingalpha.com

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RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE FIRST FISCAL QUARTER ENDED SEPTEMBER 30, 2025

Nov -10

Source: prnewswire.com

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RADIANT LOGISTICS TO HOST INVESTOR CALL TO DISCUSS FINANCIAL RESULTS FOR FIRST FISCAL QUARTER ENDED SEPTEMBER 30, 2025

Nov -03

Source: prnewswire.com

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Radiant Logistics, Inc. (RLGT) Q4 2025 Earnings Call Transcript

Sep -15

Source: seekingalpha.com

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RADIANT LOGISTICS ANNOUNCES RESULTS FOR THE FOURTH FISCAL QUARTER AND YEAR ENDED JUNE 30, 2025

Sep -15

Source: prnewswire.com

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RADIANT LOGISTICS TO HOST INVESTOR CALL TO DISCUSS FINANCIAL RESULTS FOR FOURTH FISCAL QUARTER AND YEAR ENDED JUNE 30, 2025

Sep -09

Source: prnewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.31%)

6. Segments

Transportation Services

Expected Growth: 9.33%

Radiant Logistics, Inc.'s 9.33% growth in Transportation Services is driven by increasing demand for e-commerce logistics, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on technology integration, cost savings initiatives, and a strong network of independent agents have contributed to its growth momentum.

Value-added Services

Expected Growth: 8.95%

Radiant Logistics' Value-added Services segment growth of 8.95% is driven by increasing demand for customized logistics solutions, strategic acquisitions, and expansion into new markets. Additionally, the company's focus on technology integration, process optimization, and customer-centric approach have contributed to the growth. Furthermore, the rising need for supply chain visibility, tracking, and monitoring has also fueled the segment's growth.

7. Detailed Products

Time Critical

Radiant Logistics offers time-critical shipping solutions for urgent and high-priority shipments, ensuring timely delivery and minimizing delays.

Ground Freight

Radiant Logistics provides ground freight services for less-than-truckload (LTL) and truckload (TL) shipments, offering flexible and cost-effective solutions.

Air Freight

Radiant Logistics offers air freight services for expedited and time-sensitive shipments, ensuring rapid transportation and minimizing transit times.

Ocean Freight

Radiant Logistics provides ocean freight services for international shipments, offering a range of containerized and break-bulk cargo solutions.

Warehousing and Distribution

Radiant Logistics offers warehousing and distribution services, providing secure storage, inventory management, and order fulfillment solutions.

Customs Brokerage

Radiant Logistics provides customs brokerage services, ensuring compliance with regulations and facilitating the clearance of international shipments.

Supply Chain Consulting

Radiant Logistics offers supply chain consulting services, providing strategic guidance and optimization solutions for logistics and transportation operations.

8. Radiant Logistics, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Radiant Logistics, Inc. is moderate due to the availability of alternative logistics services and the ease of switching costs for customers.

Bargaining Power Of Customers

The bargaining power of customers is high due to the concentration of major customers and the high switching costs for customers.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the availability of multiple suppliers and the low switching costs for Radiant Logistics, Inc.

Threat Of New Entrants

The threat of new entrants is moderate due to the moderate barriers to entry and the availability of resources for new entrants.

Intensity Of Rivalry

The intensity of rivalry is high due to the high competition in the logistics industry and the high stakes of competition.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 25.26%
Debt Cost 6.13%
Equity Weight 74.74%
Equity Cost 7.92%
WACC 7.47%
Leverage 33.80%

11. Quality Control: Radiant Logistics, Inc. passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Pitney Bowes

A-Score: 5.3/10

Value: 7.3

Growth: 1.0

Quality: 4.9

Yield: 6.0

Momentum: 9.0

Volatility: 3.7

1-Year Total Return ->

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Stock-Card
Cryoport

A-Score: 4.6/10

Value: 8.3

Growth: 3.9

Quality: 6.8

Yield: 0.0

Momentum: 7.5

Volatility: 1.0

1-Year Total Return ->

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Stock-Card
Air T

A-Score: 4.6/10

Value: 8.2

Growth: 5.4

Quality: 3.2

Yield: 0.0

Momentum: 8.5

Volatility: 2.0

1-Year Total Return ->

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Stock-Card
CompoSecure

A-Score: 4.5/10

Value: 6.5

Growth: 0.9

Quality: 5.6

Yield: 1.0

Momentum: 9.0

Volatility: 4.0

1-Year Total Return ->

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Stock-Card
Radiant Logistics

A-Score: 4.0/10

Value: 5.8

Growth: 4.0

Quality: 4.6

Yield: 0.0

Momentum: 3.0

Volatility: 6.7

1-Year Total Return ->

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Stock-Card
Forward Air

A-Score: 2.3/10

Value: 6.2

Growth: 2.4

Quality: 1.8

Yield: 0.0

Momentum: 1.5

Volatility: 2.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

6.36$

Current Price

6.36$

Potential

-0.00%

Expected Cash-Flows