RB GLOBAL INC. RBA
Established in 1958, the Company is a leading, omnichannel marketplace and trusted provider of value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through our global network of auction sites and digital platform, we serve customers worldwide across a variety of asset classes, including automotive, construction, commercial transportation, government surplus, lifting and material handling, energy, mining and agriculture.
Our marketplace brands include Ritchie Bros., the world's largest auctioneer of commercial assets and vehicles offering online bidding, and IAA, a leading global digital marketplace connecting vehicle buyers and sellers. Our portfolio of brands also includes Rouse Services ("Rouse"), which provides complete end-to-end asset management and market data-driven intelligence; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both original equipment manufacturers ("OEMs") and dealers; and VeriTread, an online marketplace for heavy haul transport.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.59B | $4.28B | $3.68B | $1.73B | $1.42B | $1.38B | $1.32B | $1.17B | $971.2M | $1.13B |
| Cost of revenue | — | — | — | — | — | — | — | — | $79.0M | $66.1M |
| Gross profit | — | — | — | — | — | — | — | — | $531.5M | $188.6M |
| SG&A | $905.2M | $773.9M | $743.7M | $539.9M | $456.2M | $410.3M | $382.4M | $382.7M | $323.3M | $283.5M |
| Total operating expenses | $3.87B | $3.53B | $3.21B | $1.45B | $1.18B | $1.12B | $1.10B | $984.8M | $863.7M | $991.3M |
| Operating income | $713.4M | $761.2M | $471.3M | $453.5M | $241.0M | $263.2M | $223.2M | $185.2M | $107.5M | $135.7M |
| Interest expense | $191.6M | $233.7M | $213.8M | $57.9M | $37.0M | $35.6M | $41.3M | $44.5M | $38.3M | $5.6M |
| Pre-tax income | $535.6M | $550.1M | $282.4M | $406.0M | $205.3M | $235.9M | $190.8M | $152.5M | $77.4M | $130.5M |
| Income tax | $108.0M | $137.3M | $76.4M | $86.2M | $53.4M | $65.5M | $41.6M | $31.0M | $2.1M | $37.0M |
| Net income | $428.4M | $413.1M | $206.5M | $319.7M | $151.9M | $170.1M | $149.0M | $121.5M | $75.0M | $91.8M |
| EPS, basic | 2.06 | 2.03 | 1.05 | 2.89 | 1.38 | 1.56 | 1.37 | 1.12 | 0.70 | 0.86 |
| EPS, diluted | 2.04 | 2.01 | 1.04 | 2.86 | 1.36 | 1.54 | 1.36 | 1.11 | 0.69 | 0.85 |
| Shares, diluted (wtd. avg.) | $186.9M | $185.3M | $168.2M | $111.9M | $111.4M | $110.3M | $109.8M | $109.4M | $108.1M | $107.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $531.5M | $533.9M | $747.9M | $625.9M | $1.36B | $306.9M | $420.3M | $305.6M | $331.1M | $758.1M |
| Receivables | $706.3M | $709.4M | $731.5M | $183.2M | $150.9M | $135.0M | $142.6M | $129.3M | $92.1M | $53.0M |
| Inventory | $139.8M | $121.5M | $166.5M | $103.1M | $102.5M | $86.3M | $65.0M | $113.3M | $38.2M | $28.5M |
| Total current assets | $1.78B | $1.71B | $1.81B | $963.1M | $762.2M | $556.8M | $679.6M | $603.5M | $508.5M | $378.0M |
| Property, plant and equipment | $1.52B | $1.28B | $1.20B | $459.1M | $449.1M | $492.1M | $484.5M | $486.6M | $526.6M | $515.0M |
| Goodwill | $4.67B | $4.51B | $4.54B | $948.8M | $947.7M | $840.6M | $672.3M | $671.6M | $670.9M | $97.5M |
| Other intangibles | $2.46B | $2.67B | $2.91B | $322.7M | $350.5M | $300.9M | $233.4M | $245.6M | $261.1M | $72.3M |
| Total assets | $12.14B | $11.81B | $12.04B | $2.86B | $3.59B | $2.35B | $2.23B | $2.05B | $2.02B | $1.60B |
| Accounts payable | $836.5M | $782.0M | $685.8M | $258.7M | $280.3M | $243.8M | $194.3M | $201.3M | $164.6M | $124.7M |
| Short-term debt | $51.2M | $4.1M | $14.2M | $4.4M | $3.5M | $10.4M | $18.3M | $13.1M | $16.9M | $23.9M |
| Total current liabilities | $1.62B | $1.33B | $1.34B | $795.2M | $588.4M | $514.6M | $501.3M | $440.1M | $388.5M | $252.8M |
| Long-term debt | $2.28B | $2.62B | $3.06B | $577.1M | $1.73B | $626.3M | $627.2M | $698.2M | $796.0M | $595.7M |
| Total liabilities | $6.08B | $6.09B | $6.53B | $1.57B | $2.52B | $1.34B | $1.32B | $1.22B | $1.26B | $903.8M |
| Retained earnings | $1.25B | $1.09B | $918.5M | $1.04B | $839.6M | $791.9M | $714.1M | $648.3M | $602.6M | $601.1M |
| Total equity | $5.57B | $5.22B | $5.02B | $1.29B | $1.07B | $1.01B | $907.0M | $835.7M | $744.8M | $691.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $978.2M | $932.0M | $544.0M | $463.1M | $317.6M | $257.9M | $332.8M | $144.3M | $147.6M | $177.6M |
| Depreciation and amortisation | $483.4M | $444.4M | $352.2M | $97.2M | $87.9M | $74.9M | $70.5M | $66.6M | $52.7M | $40.9M |
| Stock-based compensation | $66.0M | $62.4M | $55.8M | $41.7M | $31.3M | $16.6M | $12.7M | — | — | — |
| Capital expenditure | $259.0M | $167.4M | $227.9M | $32.0M | $9.8M | $14.3M | $13.6M | $16.9M | $10.8M | $18.9M |
| Investing cash flow | -$552.9M | -$301.6M | -$3.11B | $77.2M | -$214.1M | -$276.7M | -$36.1M | -$31.0M | -$711.0M | -$116.9M |
| Financing cash flow | -$461.4M | -$645.5M | $2.68B | -$1.26B | $960.9M | -$111.5M | -$187.2M | -$134.1M | $119.3M | $404.1M |
| Dividends paid | — | $206.0M | $298.0M | $115.2M | $103.8M | $91.7M | $82.5M | $75.7M | $72.8M | $70.5M |
| Buybacks | — | — | — | — | — | $53.2M | $42.0M | — | — | $36.7M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-011682.
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