Filing Flows › RB Global (RBA) › Q4 2025
RB Global (RBA) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
RB Global (RBA) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +10% from the quarter before. Operating margin was 14.7%, net earnings $109M (9.1% of revenue).
RB Global, Q4 2025: revenue $1.2B (+5% year over year), operating margin 14.7%, net earnings $109M, operating cash flow $255M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +10% | +5% |
| Operating profit | $177M | +12% | -14% |
| Net earnings | $109M | +15% | -8% |
| Operating cash flow | $255M | +6% | +38% |
| Free cash flow | $186M | -1% | +46% |
What changed
Revenue was $1.2B in Q4 2025, up 5% year over year and up 10% from the previous quarter. Transactional buyer revenue was the largest line at 48% of revenue.
Operating profit was $0.18B, a 14.7% margin (down 3.4 points year over year). Operating profit fell $0.03B even though revenue rose $0.06B versus Q4 2024, so costs grew faster than sales. Total costs grew 10% against revenue growth of 5%. The fastest-growing cost line was SG&A (+37%). Net earnings were $0.11B, down 7% year over year. The effective tax rate was 19.3%.
Operating cash flow was $0.26B (up 38% year over year), 233% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items added $0.02B. Capital expenditures of $0.07B left free cash flow of $0.19B.
Questions
What was RB Global's revenue in the fourth quarter 2025?
RB Global (RBA) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +10% from the quarter before.
Was RB Global profitable in the fourth quarter 2025?
Operating profit was $177M (14.7% of revenue) and net earnings $109M.
Source: RB Global 10-K on SEC EDGAR.