Ritchie Bros. Auctioneers ( (RBA) ) has released its Q3 earnings. Here is a breakdown of the information Ritchie Bros. Auctioneers presented to its investors.
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RB Global, Inc., operating under the brands Ritchie Bros. and IAA, is a leading omnichannel marketplace specializing in the auction and sale of commercial assets and vehicles worldwide. The company offers a range of services including asset management and digital transaction solutions across various sectors such as automotive, construction, and transportation.
In its third quarter of 2025, RB Global reported a robust financial performance with significant growth across key metrics. The company’s gross transaction value (GTV) increased by 7% year-over-year to $3.9 billion, while total revenue rose by 11% to $1.1 billion. The company also saw a notable increase in net income, which surged by 25% to $95.2 million.
Key highlights from the financial report include a 23% increase in inventory sales revenue, reaching $247.7 million, and a 21% rise in net income available to common stockholders, amounting to $80.7 million. The company’s adjusted EBITDA also grew by 16% to $327.7 million, reflecting strong operational leverage and strategic investments in growth initiatives.
Looking ahead, RB Global has updated its full-year 2025 financial outlook, projecting GTV growth between 0% to 1% and adjusted EBITDA ranging from $1,350 to $1,380 million. The company remains focused on enhancing customer experience and expanding its market presence to drive sustainable long-term growth.
Overall, RB Global’s third-quarter results demonstrate its effective execution of strategic initiatives and its commitment to delivering value to shareholders, positioning the company for continued success in the evolving marketplace.