Segment Reporting

6 Months Ended

Jun. 30, 2025

The tables below provide information about the Company’s reportable segment:


	Three Months Ended June 30,				Six Months Ended June 30,
(In millions)	2025		2024		2025		2024
Revenue	$	1,419	$	930	$	2,852	$	1,843

Less:
Cost of transportation and services (exclusive of depreciation and amortization)	1,118		700		2,271		1,399
Direct operating expense (exclusive of depreciation and amortization)	47		50		95		103
Sales, general and administrative expense (1)	202		146		405		287
Other expense	—		—		—		1
Segment adjusted EBITDA	$	52	$	34	$	81	$	53

Unallocated corporate expenses	12		5		19		9
Depreciation and amortization expense	30		17		62		33
Transaction and integration costs	7		7		13		8
Restructuring and other costs	3		5		17		16
Other expense	2		—		2		—
Interest expense, net	8		8		17		16
Consolidated loss before income taxes	$	(10)	$	(8)	$	(49)	$	(29)

Excludes unallocated corporate expenses and other costs.


(In millions)	June 30, 2025		December 31, 2024
Segment assets	$	3,135	$	3,345
Corporate assets	66		69
Total assets	$	3,201	$	3,414

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

RXO, Inc. 10-Q