---
schema_version: "secwatch.filing_event.v1"
accession: "0001929561-23-000069"
form_type: "8-K"
ticker: "RXO"
cik: "0001929561"
company_name: "RXO, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:05:46.067800+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# RXO posts Q2 2023 net income of $3M on $1.0B revenue; brokerage volume grows 10% YoY

## Summary
- Revenue $1.0B (down ~17% YoY); GAAP net income $3M vs $44M; adjusted EBITDA $38M vs $101M
- Brokerage volume +10% YoY; set records for total volume, quarterly loads per day, monthly loads per day
- Companywide gross margin 18.6%; brokerage gross margin 15.4%
- Technology: 96% of loads created/covered digitally (up from 80% YoY); 7-day carrier retention 78% (up from 73%)
- Expects brokerage volumes to continue YoY growth in Q3; last mile EBITDA grew YoY in Q2

## SEC filing metadata
- accession: 0001929561-23-000069
- form_type: 8-K
- ticker: RXO
- cik: 0001929561
- company_name: RXO, Inc.
- filed_at: 2023-08-02T23:59:59+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/1929561/000192956123000069/0001929561-23-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1929561/000192956123000069/rxo-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001929561-23-000069
- JSON: https://secwatch.observer/filing/0001929561-23-000069.json
- Plain text: https://secwatch.observer/filing/0001929561-23-000069.txt

## Key facts
- Earnings Releases
  RXO, Inc. reported for the fiscal quarter ended June 30, 2023 results: revenue $1.0 billion, net income $3 million, EPS $0.03.
  - Period: for the fiscal quarter ended June 30, 2023
  - Revenue: $1.0 billion
  - Net income: $3 million
  - EPS: $0.03
  - Result: reported results
  source text: earnings growth when the cycle inflects, and we remain confident in our ability to deliver our long-term adjusted EBITDA target.” Companywide Results The company’s revenue was $1.0 billion for the second quarter, compared to $1.2 billion in the second quarter of 2022. Gross margin was 18.6 percent. The company reported second-quarter 2023 GAAP net income of $3
  evidence_url: https://www.sec.gov/Archives/edgar/data/1929561/000192956123000069/0001929561-23-000069-index.htm

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