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RBA

RB Global, Inc.

RBA

RB Global, Inc. • NYSE
$98.20 ▲ 0.40% (+0.39)
Market Cap $18.23 B
52w High $119.58
52w Low $86.68
Dividend Yield 1.20%
P/E 46.76
Volume 376.09K
Outstanding Shares 185.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.093B ▼ $345.3M ▼ $95.5M ▼ 8.74% ▼ $0.43 ▼ $284.6M ▼
Q2-2025 $1.186B ▲ $357.1M ▲ $109.8M ▼ 9.258% ▼ $0.54 ▼ $349.2M ▲
Q1-2025 $1.109B ▼ $322.2M ▲ $113.4M ▼ 10.229% ▼ $0.56 ▼ $346M ▼
Q4-2024 $1.142B ▲ $309.4M ▲ $118.5M ▲ 10.38% ▲ $0.58 ▲ $367.3M ▲
Q3-2024 $981.8M $295.2M $76.1M 7.751% $0.36 $310.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $674.7M ▼ $12.24B ▲ $6.26B ▲ $5.965B ▲
Q2-2025 $710.2M ▲ $12.157B ▲ $6.212B ▲ $5.935B ▲
Q1-2025 $578.1M ▲ $11.887B ▲ $6.111B ▲ $5.766B ▲
Q4-2024 $533.9M ▼ $11.807B ▼ $6.091B ▼ $5.706B ▲
Q3-2024 $650.7M $11.932B $6.23B $5.691B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $95.2M ▼ $239.7M ▼ $-237.4M ▼ $-95.6M ▼ $-102.7M ▼ $249.7M ▲
Q2-2025 $109.7M ▼ $326.5M ▲ $-126M ▼ $-85.9M ▼ $134.2M ▲ $208.2M ▲
Q1-2025 $113.3M ▼ $156.8M ▼ $-101.9M ▼ $-45M ▲ $13M ▲ $74.8M ▼
Q4-2024 $118.4M ▲ $184.5M ▼ $-92M ▼ $-153.9M ▲ $-81.3M ▼ $102.1M ▼
Q3-2024 $76M $285.4M $-77.9M $-169.2M $44.5M $221M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Inventory sales revenue
Inventory sales revenue
 $200.00M ▲$260.00M ▲$300.00M ▲$250.00M ▼
Service revenue
Service revenue
 $780.00M ▲$850.00M ▲$890.00M ▲$840.00M ▼

Five-Year Company Overview

Income Statement

Income Statement RB Global’s revenue and profits have grown meaningfully over the last five years, especially after the IAA acquisition, which roughly doubled the scale of the business. The company has managed to keep a healthy gap between what it earns from sales and what it costs to provide services, suggesting a solid business model. Operating profits have trended upward over time, although there was some earnings pressure during integration years. Net income dipped when the IAA deal closed, then rebounded as synergies and scale started to show through. Overall, the story is one of a much larger company with improving profitability, but with some integration noise along the way and more complexity than in the past.

Balance Sheet

Balance Sheet The balance sheet has transformed from a relatively simple, lightly leveraged profile into a much larger and more leveraged one after the IAA acquisition. Total assets and equity have both increased significantly, reflecting the scale of the combined company. At the same time, debt levels are now much higher than they were a few years ago, which adds financial risk but also reflects the investment made to build a broader platform. Cash on hand looks reasonable, but the company is now more dependent on steady cash generation and disciplined capital allocation to manage its debt comfortably.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has strengthened over time, particularly in the last couple of years as the larger platform began to throw off more cash. Free cash flow has been consistently positive, even while the company has stepped up its spending on technology, facilities, and integration projects. Capital spending is clearly higher than in earlier years, but it remains well covered by operating cash flow. Overall, RB Global appears to be funding its growth and integration mainly from internal cash, which helps support the higher debt load but still requires continued execution and stable market conditions.

Competitive Edge

Competitive Edge RB Global sits in a strong competitive position as a leading marketplace for heavy equipment and salvage vehicles, with a long‑established brand and global footprint. Its scale and network effects are key strengths: a large base of buyers attracts more sellers, and vice versa, which is difficult for smaller rivals to match. The IAA deal has given RB Global a major role in the salvage vehicle auction market, where it now effectively shares leadership with a single large competitor, supporting pricing power and market stability. The company’s breadth across many asset types and transaction formats (live auctions, timed online, private sales) further differentiates it and reduces reliance on any one segment or geography. The main risks here relate to economic cycles, competition from digital‑only platforms, and the challenge of maintaining service quality and trust at larger scale.

Innovation and R&D

Innovation and R&D Innovation at RB Global is less about traditional lab research and more about technology, data, and process improvements. The company has built an omnichannel platform that blends physical auction sites with sophisticated online tools. Acquired tech brands—such as those focused on asset data, equipment lifecycle management, heavy‑haul logistics, and live auction streaming—create a full ecosystem around the assets they sell. This allows customers to manage, value, transport, and eventually dispose of equipment in one integrated environment. The recent emphasis on digital transformation, data analytics, and a dedicated technology leadership team points to ongoing investment in the platform. The key opportunity is to turn its rich data and integrated services into higher customer loyalty and new revenue streams; the main uncertainty is execution risk in integrating systems, cultures, and platforms from multiple acquisitions.

Summary

RB Global has evolved from a focused auctioneer into a diversified, technology‑enabled marketplace for commercial assets and salvage vehicles. Financially, it is now a much larger, more profitable, and more cash‑generative business, but also one with higher leverage and greater operational complexity. Its competitive moat rests on scale, network effects, trusted brands, and a suite of integrated services that go beyond simple auctions. Technology and data are central to its strategy, with ongoing investments aimed at improving customer experience, efficiency, and monetization of insights. Looking ahead, the main watchpoints are successful integration of past acquisitions, continued realization of cost and revenue synergies, careful management of debt, and the ability to stay ahead of digital competitors while navigating economic cycles that affect equipment and vehicle demand.

NEWS

November 6, 2025 · 4:05 PM UTC

RB Global Reports Third Quarter 2025 Results

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November 6, 2025 · 4:04 PM UTC

IAA Expands Remarketing Business with U.S. General Services Administration (GSA) Relationship

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October 28, 2025 · 8:30 AM UTC

Ritchie Bros. Announces Dates for February 2026 Orlando Auction

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October 14, 2025 · 5:00 PM UTC

IAA Announces New Market Alliance in Guatemala

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October 9, 2025 · 4:10 PM UTC

RB Global to Report Third Quarter 2025 Financial Results and Host Conference Call on November 6, 2025

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