Filing Flows › RB Global (RBA) › Q1 2026 › vs Q4 2025
RB Global (RBA) Q1 2026 vs Q4 2025 (quarter over quarter)
RB Global's revenue rose $31.2M (+3%) from $1.2B in Q4 2025 to $1.2B in Q1 2026. The biggest changes: Inventory sales revenue +$51.0M (+18%); Service revenue −$19.8M (-2%). Operating margin 17.6% against 14.7% (+2.9 pts).
RB Global, Q1 2026: revenue $1.2B (+11% year over year), operating margin 17.6%, net earnings $136M, operating cash flow $224M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 17.6% | 14.7% | +2.9 pts |
| Net margin | 11.0% | 9.1% | +1.9 pts |
| Free cash flow margin | 14.0% | 15.5% | -1.5 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Transactional buyer revenue | $578M | $577M | $300K | +0.1% |
| Transactional seller revenue | $241M | $255M | −$13.9M | -5% |
| Marketplace services revenue | $78.9M | $85.1M | −$6.2M | -7% |
| Service revenue | $898M | $918M | −$19.8M | -2% |
| Inventory sales revenue | $337M | $286M | $51.0M | +18% |
| Revenue | $1.2B | $1.2B | $31.2M | +3% |
| Operating profit | $218M | $177M | $40.5M | +23% |
| Costs & expenses | $1.0B | $1.0B | −$9.3M | -0.9% |
| Pre-tax earnings | $173M | $136M | $37.7M | +28% |
| Other expense, net | $44.3M | $41.5M | $2.8M | +7% |
| SG&A | $214M | $260M | −$46.0M | -18% |
| Other operating costs | $803M | $766M | $36.7M | +5% |
| Net earnings | $136M | $109M | $26.2M | +24% |
| Income tax | $37.6M | $26.1M | $11.5M | +44% |
| Depreciation & amortization | $127M | $128M | −$800K | -0.6% |
| Share-based compensation | $15.6M | $1.6M | $14.0M | +875% |
| Working capital & other | $53.8M | −$16.7M | $70.5M | — |
| Operating cash flow | $224M | $255M | −$31.1M | -12% |
| Free cash flow (OCF − capex) | $173M | $186M | −$13.9M | -7% |
| Capital expenditures | $51.5M | $68.7M | −$17.2M | -25% |
Questions
How much did RB Global's revenue grow quarter over quarter in Q1 2026?
RB Global's revenue rose $31.2M (+3%) from $1.2B in Q4 2025 to $1.2B in Q1 2026.
What drove RB Global's revenue change in Q1 2026?
Inventory sales revenue +$51.0M (+18%); Service revenue −$19.8M (-2%).