Shares of Radiant Logistics (NYSE: RLGT) fell in early trading after the logistics and technology-enabled freight broker reported mixed second fiscal quarter results on Monday.

RLGT was down about 1.5% in premarket trading, trimming recent gains as investors digested results. The stock has traded in a roughly 37% range over the past 52 weeks, with a high near $7.94 and a low around $5.44, reflecting volatility tied to earnings and sector headwinds.

Quarterly Results

For the quarter ended Dec. 31, 2025, Radiant Logistics reported revenue of $232.1 million, down 12.2% from $264.5 million a year earlier. The company said the prior-year quarter included about $64.8 million of one-time revenue related to air charters supporting Hurricane Milton relief efforts, and excluding that item, revenue rose about 16.2% year-over-year.

Gross profit rose 2.3% to $61.0 million, and adjusted gross profit climbed to $63.5 million. Adjusted EBITDA was $11.8 million, slightly below the prior year’s $12.0 million, though Radiant said adjusted EBITDA nearly doubled when excluding the one-off project. Adjusted EBITDA margin was 18.6%, roughly flat versus the prior period on a normalized basis. Net income attributable to Radiant Logistics was $5.3 million, or $0.11 per share, down from $6.5 million, or $0.14 per share, a year ago. Adjusted net income was $8.1 million, or $0.17 per share, below last year’s $10.7 million.

For the six months ended Dec. 31, 2025, revenue was $458.8 million with net income of $6.6 million and adjusted EBITDA of $18.6 million, both lower than in the prior-year period that included the hurricane-related revenue.

Year-Over-Year and Full-Year Context

The year-over-year comparison was distorted by the one-off “Milton Project,” which lifted prior-period revenue, gross profit, and adjusted EBITDA. On a normalized basis, Radiant’s revenue and profitability measures showed underlying improvement, though headline results fell short of the prior year. Adjusted net income and adjusted EBITDA declined on a reported basis.

Business Highlights and Capital Allocation

Management highlighted ongoing investments in technology and operations, including expansion of its Navegate global trade management platform and the launch of “Ray,” an AI-powered agent for streamlining international quote administration, aimed at improving efficiency. Radiant also repurchased 445,058 shares at an average price of $5.97 during the quarter. The company reported strong cash of about $31.9 million and virtually no net debt against a $200 million credit facility.

Macro and Sector Conditions

Radiant operates in the freight and logistics sector, which has faced mixed demand trends, softer ocean import volumes, and persistent macroeconomic pressure on global supply chains. Broader macro headwinds including inflationary costs for fuel and labor, tariff uncertainties, and capacity constraints in trucking and freight continue to influence operating conditions. While freight volumes can be cyclical, technology enhancements and diversified service offerings have been cited as competitive advantages for third-party logistics providers in a challenging environment.

Competitive & Operating Factors

Radiant’s results reflected a balance of underlying growth versus the absence of last year’s one-off revenue. Its focus on technology deployment, acquisitions, and a diversified service mix are positioned to support performance through fluctuating freight markets. Investors will monitor sequential trends and the company’s ability to convert technology investment into revenue growth as the seasonal slow quarter approaches.