|
Accounts receivable, net
|
|
$137.6m
|
$93.1m
|
$71.8m
|
$117.3m
|
$225.3m
|
$126.7m
|
$15.7m
|
$7.1m
|
|
Inventories
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$335k
|
$108k
|
|
Prepayments and other current assets
|
|
$6.6m
|
$8.1m
|
$16.8m
|
$17.5m
|
$17.3m
|
$15.2m
|
$7.1m
|
$71.0m
|
|
Subscription receivable
|
|
—
|
—
|
—
|
—
|
—
|
—
|
($4k)
|
($4k)
|
|
Cash and cash equivalents
|
|
$7.0m
|
$5.4m
|
$34.8m
|
$13.7m
|
$24.4m
|
$32.5m
|
$24.9m
|
$22.9m
|
|
Income tax receivable
|
|
$2.1m
|
$506k
|
$780k
|
$0
|
—
|
—
|
$3.1m
|
$2.2m
|
|
Total current assets
|
|
$153.3m
|
$124.9m
|
$140.6m
|
$193.6m
|
$289.3m
|
$180.6m
|
$97.3m
|
$129.4m
|
|
Property, equipment and software, net
|
|
$18.6m
|
$20.1m
|
$18.7m
|
$24.2m
|
$24.8m
|
$25.4m
|
$39.8m
|
$38.6m
|
|
Goodwill
|
|
$65.4m
|
$65.4m
|
$72.2m
|
$72.6m
|
$88.2m
|
$89.2m
|
$93.0m
|
$117.6m
|
|
Intangible assets, net
|
|
$65.3m
|
$55.7m
|
$51.2m
|
$41.4m
|
$48.5m
|
$36.6m
|
$34.9m
|
$49.1m
|
|
Operating lease right-of-use assets, net
|
|
—
|
$0
|
$12.6m
|
$39.0m
|
$41.1m
|
$56.8m
|
$392k
|
$130k
|
|
Deposits and other assets
|
|
$2.9m
|
$1.6m
|
$4.8m
|
$3.1m
|
$5.3m
|
$5.2m
|
$3.6m
|
$2.2m
|
|
Cash
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$10.5m
|
$3.1m
|
|
Contract assets
|
|
$0
|
$17.8m
|
$16.3m
|
$45.0m
|
$22.4m
|
$6.2m
|
$63.6m
|
$48.1m
|
|
Land use right, net
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$8.3m
|
$8.1m
|
|
Other non-current assets
|
|
$133.6m
|
$122.7m
|
$140.7m
|
$156.8m
|
$183.2m
|
$187.8m
|
$29.5m
|
$19.8m
|
|
Deferred tax assets
|
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.3m
|
|
Accrued expenses and other current liabilities
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$9.9m
|
$10.6m
|
|
Advances from customers
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$237k
|
$255k
|
|
Short-term bank loans
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$31.0m
|
$34.9m
|
|
Due to controlling shareholder
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$1.3m
|
$4.7m
|
|
Dividend payable
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$60k
|
$57k
|
|
Income tax payables
|
|
—
|
—
|
$0
|
$2.8m
|
$4.0m
|
$369k
|
$2.7m
|
$3.4m
|
|
Operating lease liabilities, current
|
|
—
|
$0
|
$6.1m
|
$7.0m
|
$7.6m
|
$11.3m
|
$368k
|
$106k
|
|
Other non-current liability
|
|
$1.1m
|
$100k
|
$93k
|
$89k
|
$0
|
—
|
$5.8m
|
$5.5m
|
|
Ordinary shares, 156,000,000,000 shares authorized with par value HK$0.0001 each, 40,000,000 and 43,000,000 shares issued and outstanding as of December 31, 2024 and 2025
|
|
31k
|
31k
|
32k
|
32k
|
33k
|
33k
|
4k
|
4k
|
|
Statutory reserves
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$23.9m
|
$24.3m
|
|
Operating partner commissions payable
|
|
$14.3m
|
$12.9m
|
$9.1m
|
$15.1m
|
$18.7m
|
$18.4m
|
$13.3m
|
$10.5m
|
|
Current portion of notes payable
|
|
$3.7m
|
$3.7m
|
$3.8m
|
$4.4m
|
$4.6m
|
$4.1m
|
$0
|
—
|
|
Current portion of finance lease liabilities
|
|
—
|
$683k
|
$688k
|
$743k
|
$577k
|
$620k
|
$643k
|
$282k
|
|
Current portion of contingent consideration
|
|
$960k
|
$375k
|
$2.1m
|
$2.6m
|
$2.6m
|
$3.9m
|
$455k
|
$6.0m
|
|
Other current liabilities
|
|
$295k
|
$465k
|
$308k
|
$345k
|
$303k
|
$258k
|
$1.9m
|
$483k
|
|
Notes payable
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$20.0m
|
|
Operating lease liabilities, net of current portion
|
|
—
|
$0
|
$7.2m
|
$34.9m
|
$37.8m
|
$52.1m
|
$45.0m
|
$49.2m
|
|
Finance lease liabilities, net of current portion
|
|
—
|
$3.2m
|
$2.5m
|
$1.8m
|
$1.2m
|
$1.1m
|
$677k
|
$969k
|
|
Contingent consideration, net of current portion
|
|
$1.6m
|
$375k
|
$2.8m
|
$4.7m
|
$2.9m
|
$287k
|
$4.7m
|
$13.3m
|
|
Long-term restricted cash
|
|
—
|
—
|
—
|
$648k
|
$625k
|
—
|
—
|
—
|
|
Notes payable, net of current portion
|
|
$43.2m
|
$30.0m
|
$48.1m
|
$24.0m
|
$66.7m
|
$0
|
$0
|
—
|
|
Deferred rent liability
|
|
$1.0m
|
$862k
|
$0
|
—
|
—
|
—
|
—
|
—
|
|
Current portion of transition and lease termination liability
|
|
$1.4m
|
$215k
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Transition and lease termination liability, net of current portion
|
|
$0
|
$47k
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Deferred income taxes
|
|
$8.7m
|
$7.8m
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Total non-current assets
|
|
$133.6m
|
—
|
—
|
—
|
—
|
—
|
$78.0m
|
$67.9m
|
|
Total non-current liabilities
|
|
$55.6m
|
$42.0m
|
$68.1m
|
$69.5m
|
$115.1m
|
$56.5m
|
$9.0m
|
$5.5m
|
|
Total shareholder’s equity
|
|
$133.6m
|
$127.3m
|
$138.2m
|
$161.6m
|
$194.6m
|
$205.1m
|
$111.1m
|
$136.2m
|
|
Total Radiant Logistics, Inc. stockholders’ equity
|
|
$133.5m
|
$127.0m
|
$137.4m
|
$161.3m
|
$194.4m
|
$204.9m
|
$209.4m
|
$226.0m
|
|
Total assets
|
|
$305.4m
|
$267.7m
|
$300.0m
|
$374.5m
|
$497.4m
|
$393.7m
|
$175.2m
|
$197.3m
|
|
Accounts payable
|
|
$90.2m
|
$74.1m
|
$65.0m
|
$103.7m
|
$137.9m
|
$84.6m
|
$9.6m
|
$1.5m
|
|
Accrued expenses
|
|
$5.4m
|
$6.2m
|
$6.5m
|
$6.8m
|
$11.3m
|
$8.7m
|
$8.9m
|
$10.6m
|
|
Total current liabilities
|
|
$116.2m
|
$98.4m
|
$93.7m
|
$143.5m
|
$187.7m
|
$132.2m
|
$55.2m
|
$55.6m
|
|
Deferred tax liability, net
|
|
—
|
$7.8m
|
$7.5m
|
$4.0m
|
$6.5m
|
$2.9m
|
$3.2m
|
$1.8m
|
|
Other long-term liabilities
|
|
—
|
—
|
—
|
—
|
—
|
—
|
$0
|
$248k
|
|
Total liabilities
|
|
$171.8m
|
$140.4m
|
$161.9m
|
$213.0m
|
$302.8m
|
$188.6m
|
$64.2m
|
$61.1m
|
|
Additional paid-in capital
|
|
$118.0m
|
$100.2m
|
$102.2m
|
$104.2m
|
$106.1m
|
$108.5m
|
$4.6m
|
$47.6m
|
|
Accumulated other comprehensive loss
|
|
$186k
|
$187k
|
$445k
|
$1.1m
|
($796k)
|
($2.2m)
|
($12.1m)
|
($11.9m)
|
|
Retained earnings
|
|
$15.5m
|
$26.9m
|
$37.4m
|
$60.5m
|
$105.0m
|
$125.6m
|
$94.8m
|
$76.2m
|
|
Treasury stock, at cost, 5,181,023 and 5,035,306 shares, respectively
|
|
($253k)
|
($253k)
|
($2.7m)
|
($4.7m)
|
($16.0m)
|
($27.1m)
|
($31.2m)
|
($32.0m)
|
|
Preferred stock, $0.001 par value, 5,000,000 shares authorized; nil and 839,200 shares issued and outstanding, respectively
|
|
1k
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
|
Noncontrolling interest
|
|
$142k
|
$246k
|
$809k
|
$293k
|
$180k
|
$226k
|
$147k
|
$69k
|
|
Total liabilities and shareholder’s equity
|
|
$305.4m
|
$267.7m
|
$300.0m
|
$374.5m
|
$497.4m
|
$393.7m
|
$175.2m
|
$197.3m
|