RBA

MKT CAP:$20B

RB Global, Inc.

Market Cap

$20B

Industrials·Specialty Business Services·🇺🇸 United States·NYSE

Industrials·Specialty·🇺🇸·NYSE

Stock Price

$106.24+$2.95 (+2.86%)

Apr 23, 2026

Company Details

RB Global, Inc., an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercia...

CEO

James F. Kessler

IPO Date

Mar 10, 1998

Website

www.rbglobal.com

Key Metrics TTM

Revenue

$4.6B

+7.6% YoY

Net Income

$429M

EPS (Diluted)

$2.04

Free Cash Flow

$727M

Revenue / Share

$24.61

Gross Margin

45.4%

Operating Margin

18.5%

Net Margin

9.3%

FCF Margin

15.8%

P/S

4.3x

P/E

46.6x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Feb 25, 2026

$4.7B+9.0%EPS $2.08

Q4 2025

Feb 25, 2026

$1.2B+7.0%EPS $0.53

Q3 2025

Nov 6, 2025

$1.1B+11.3%EPS $0.43

Q2 2025

Aug 6, 2025

$1.2B+8.2%EPS $0.53

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$394M	$223M	$233M
Q2 22	$485M	$263M	$92M
Q3 22	$412M	$223M	$64M
Q4 22	$444M	$248M	$66M
Q1 23	$512M	$285M	-$25M
Q2 23	$1.1B	$527M	$180M
Q3 23	$1.0B	$473M	$146M
Q4 23	$1.0B	$494M	$171M
Q1 24	$1.1B	$515M	$199M
Q2 24	$1.1B	$525M	$202M
Q3 24	$982M	$449M	$153M
Q4 24	$1.1B	$516M	$207M
Q1 25	$1.1B	$512M	$190M
Q2 25	$1.2B	$546M	$189M
Q3 25	$1.1B	$504M	$158M
Q4 25	$1.2B	$531M	$317M

Valuation

Quarter	P/S	P/E
Q1 22	13.5x	66.3x
Q2 22	12.8x	67.9x
Q3 22	12.1x	65.6x
Q4 22	11.5x	62.6x
Q1 23	10.8x	176.2x
Q2 23	8.1x	136.1x
Q3 23	6.5x	119.4x
Q4 23	5.4x	96.9x
Q1 24	4.7x	58.5x
Q2 24	4.7x	54.6x
Q3 24	4.8x	52.8x
Q4 24	4.7x	48.4x
Q1 25	4.6x	47.7x
Q2 25	4.5x	47.9x
Q3 25	4.4x	45.7x
Q4 25	4.3x	46.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$185M	$175M
Q2 22	$13M	$3M
Q3 22	$66M	$32M
Q4 22	$199M	$182M
Q1 23	-$57M	-$98M
Q2 23	$107M	$11M
Q3 23	$157M	$57M
Q4 23	$337M	$228M
Q1 24	$125M	$51M
Q2 24	$337M	$281M
Q3 24	$285M	$221M
Q4 24	$185M	$102M
Q1 25	$157M	$75M
Q2 25	$327M	$208M
Q3 25	$240M	$250M
Q4 25	$264M	$194M

Capital Expenditures

Quarter	CapEx
Q1 22	$10M
Q2 22	$10M
Q3 22	$34M
Q4 22	$17M
Q1 23	$40M
Q2 23	$97M
Q3 23	$100M
Q4 23	$109M
Q1 24	$74M
Q2 24	$57M
Q3 24	$64M
Q4 24	$82M
Q1 25	$82M
Q2 25	$118M
Q3 25	$10M
Q4 25	$70M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+18.8%	-43.8%
Q2 22	+22.2%	+28.0%
Q3 22	+24.8%	+26.1%
Q4 22	+23.5%	+23.2%
Q1 23	+30.1%	+233.3%
Q2 23	+128.4%	+135.9%
Q3 23	+147.8%	+151.1%
Q4 23	+134.5%	+130.2%
Q1 24	+107.8%	+61.1%
Q2 24	-0.9%	-3.5%
Q3 24	-3.7%	-5.2%
Q4 24	+9.7%	+7.4%
Q1 25	+4.1%	+6.2%
Q2 25	+8.2%	+11.5%
Q3 25	+11.3%	+12.8%
Q4 25	+7.0%	-3.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$8M	1.9%
Q2 22	$14M	2.9%
Q3 22	$10M	2.4%
Q4 22	$10M	2.3%
Q1 23	$12M	2.4%
Q2 23	$13M	1.2%
Q3 23	$15M	1.5%
Q4 23	$16M	1.5%
Q1 24	$15M	1.4%
Q2 24	$20M	1.8%
Q3 24	$10M	1.0%
Q4 24	$17M	1.5%
Q1 25	$16M	1.4%
Q2 25	$26M	2.2%
Q3 25	$23M	2.1%
Q4 25	$16M	1.3%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 22	$127M	—	—
Q2 22	$144M	$23.0K	—
Q3 22	$133M	$7.0K	—
Q4 22	$136M	—	—
Q1 23	—	—	$148M
Q2 23	—	—	$195M
Q3 23	—	—	$204M
Q4 23	—	—	$198M
Q1 24	—	—	$198M
Q2 24	—	—	$209M
Q3 24	—	—	$178M
Q4 24	—	—	$189M
Q1 25	—	—	$205M
Q2 25	—	—	$222M
Q3 25	—	—	$218M
Q4 25	—	—	$214M

Revenue Segments

Quarter	Inventory sales revenue	Service revenue
Q3 24	$202M	$780M
Q1 25	$256M	$853M
Q2 25	$299M	$887M
Q3 25	$248M	$845M

Revenue by Geography

Quarter	Australia	Canada	Europe	Other	United States
Q1 22	$29M	$65M	$38M	$14M	$248M
Q2 22	$72M	$143M	$37M	$17M	$215M
Q3 22	$37M	$75M	$27M	$14M	$258M
Q4 22	$43M	$92M	$41M	$18M	$249M
Q1 23	$19M	$68M	$51M	$14M	$360M
Q2 23	$46M	$188M	$92M	$26M	$754M
Q3 23	$25M	$127M	$81M	$20M	$767M
Q1 24	$28M	$142M	$87M	$16M	$791M
Q2 24	$34M	$193M	$77M	$25M	$768M
Q3 24	$27M	$131M	$85M	$15M	$724M
Q1 25	$17M	$125M	$91M	$21M	$855M
Q2 25	$53M	$214M	$79M	$25M	$816M
Q3 25	$34M	$158M	$79M	$22M	$800M
Q4 25	$47M	$199M	$91M	$29M	$837M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$440M	$0	$440M
Q2 22	$367M	$0	$367M
Q3 22	$439M	$0	$439M
Q4 22	$494M	$0	$494M
Q1 23	$568M	$0	$568M
Q2 23	$433M	$0	$433M
Q3 23	$428M	$0	$428M
Q4 23	$576M	$0	$576M
Q1 24	$463M	$0	$463M
Q2 24	$600M	$0	$600M
Q3 24	$651M	$0	$651M
Q4 24	$534M	$0	$534M
Q1 25	$578M	$0	$578M
Q2 25	$710M	$0	$710M
Q3 25	$675M	$0	$675M
Q4 25	$694M	$0	$694M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	112M	+0.0%	+0.3%
Q2 22	112M	+0.0%	+0.3%
Q3 22	112M	+0.5%	+0.7%
Q4 22	112M	-0.2%	+0.3%
Q1 23	120M	+7.6%	+7.9%
Q2 23	183M	+51.7%	+63.7%
Q3 23	184M	+0.4%	+63.6%
Q4 23	184M	+0.2%	+64.2%
Q1 24	185M	+0.4%	+53.2%
Q2 24	185M	+0.2%	+1.1%
Q3 24	186M	+0.3%	+1.0%
Q4 24	186M	+0.3%	+1.2%
Q1 25	186M	+0.2%	+1.0%
Q2 25	187M	+0.2%	+0.9%
Q3 25	187M	+0.2%	+0.9%
Q4 25	187M	+0.1%	+0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$145.9K	3K
Q2 22	$179.4K	3K
Q3 22	$152.4K	3K
Q4 22	$158.5K	3K
Q1 23	$183.0K	3K
Q2 23	$395.2K	3K
Q3 23	$364.2K	3K
Q4 23	$371.8K	3K
Q1 24	$380.3K	3K
Q2 24	$391.5K	3K
Q3 24	$350.6K	3K
Q4 24	$146.4K	8K
Q1 25	$142.1K	8K
Q2 25	$152.1K	8K
Q3 25	$140.1K	8K
Q4 25	$152.7K	8K

Revenue / Employee