---
schema_version: "secwatch.filing_event.v1"
accession: "0001929561-23-000054"
form_type: "8-K"
ticker: "RXO"
cik: "0001929561"
company_name: "RXO, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:45:45.114055+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RXO reports Q1 2023: revenue $1.01B (-23% YoY), GAAP EPS $0.00, adjusted EPS $0.11; $125M buyback

## Summary
- Revenue $1.01B vs $1.31B in Q1 2022; GAAP net income $0 vs $39M; adjusted net income $13M vs $45M.
- Brokerage volume up 6% YoY; gross margin 16.3% flat; contract volume increased 19% YoY.
- Adjusted EBITDA $37M (margin 3.7%) vs $75M (5.7%); adjusted diluted EPS $0.11.
- Authorized $125M share repurchase program with no expiration; reflects balance sheet strength.
- Digital brokerage loads created/covered at 96% (vs 87% Q4 2022); over 1M driver app downloads.

## SEC filing metadata
- accession: 0001929561-23-000054
- form_type: 8-K
- ticker: RXO
- cik: 0001929561
- company_name: RXO, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1929561/000192956123000054/0001929561-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1929561/000192956123000054/rxo-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001929561-23-000054
- JSON: https://secwatch.observer/filing/0001929561-23-000054.json
- Plain text: https://secwatch.observer/filing/0001929561-23-000054.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.