RXO(RXO)2025-05-07 10:31Revenue Performance - RXO reported first-quarter 2025 revenue of $1.4 billion, a 57% increase from $913 million in the first quarter of 2024[3] - Total revenue for Q1 2025 was $1,433 million, a 57.2% increase from $913 million in Q1 2024[30] - Truck brokerage revenue reached $1,067 million, up 89.2% from $564 million in the same period last year[30] Profitability and Loss - The company experienced a GAAP net loss of $31 million in Q1 2025, compared to a net loss of $15 million in Q1 2024[4] - The adjusted net loss for the quarter was $5 million, compared to an adjusted net loss of $4 million in Q1 2024[4] - GAAP diluted loss per share for Q1 2025 was $0.18, compared to $0.13 in Q1 2024[7] - Net loss for Q1 2025 was $31 million, compared to a net loss of $15 million in Q1 2024[28] EBITDA and Margins - Adjusted EBITDA for the first quarter was $22 million, up from $15 million in the same period last year[5] - The company expects second-quarter 2025 adjusted EBITDA to be between $30 million and $40 million[10] - Adjusted EBITDA for Q1 2025 was $22 million, with an adjusted EBITDA margin of 1.5%[32] - Brokerage gross margin was reported at 13.3% for the first quarter[8] - RXO's complementary services gross margin was 21.0% for the quarter[9] - Gross margin as a percentage of revenue for Q1 2025 was 16.0%, down from 17.4% in Q1 2024[36] Operational Metrics - Less-than-truckload brokerage volume increased by 26% year-over-year, while Last Mile achieved a 24% year-over-year stop growth[6] - RXO raised its synergy estimate to over $70 million, excluding significant cost-of-purchased-transportation opportunities[2] Cash Flow and Debt - Cash and cash equivalents decreased to $16 million from $35 million at the end of Q4 2024[28] - Total current liabilities decreased to $964 million from $1,065 million at the end of Q4 2024[26] - Long-term debt increased to $387 million from $351 million at the end of Q4 2024[26] - Cash used in investing activities was $25 million, compared to $11 million in Q1 2024[28] Costs - The company incurred $6 million in transaction and integration costs during Q1 2025[34]