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RB Global RBA Service revenue — Direct expenses

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$306.7M+30.5%

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Other financials

Income statement

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Revenue$1.2B+11.4%
Operating income$217.5M+14.8%
Net income$135.5M+19.5%
EPS (diluted)$0.66+20.0%

Balance sheet

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Cash & equivalents$859.4M+19.1%
Total debt$4.2B-1.4%
Total equity$5.6B+6.3%
Total assets$12.4B+4.3%

Cash flow

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Operating cash flow$224.1M+42.9%
CapEx$51.5M-5.2%
Free cash flow$172.6M+68.4%

Valuation

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Market cap$21.69B+7.7%
Enterprise value$24.99B+6.5%
P/E48.2×-0.1×
P/S4.6×0.0×

Profitability

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Operating margin15.7%-1.7pp
Net margin9.6%-0.1pp
FCF margin16.7%-1.5pp

Returns & leverage

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Return on equity8.3%+0.2pp
Debt / equity0.7×-0.1×
Current ratio1.1×-0.2×

Where this comes from

Reported directly by RB Global in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: RB Global’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is RB Global's service revenue — direct expenses?
RB Global (RBA) reported service revenue — direct expenses of $365.1M in Q1 2026.
How has RB Global's service revenue — direct expenses changed year-over-year?
RB Global's service revenue — direct expenses increased by 0.9% year-over-year, from $361.9M to $365.1M.
What is the long-term trend for RB Global's service revenue — direct expenses?
Over 4 years (2021 to 2025), RB Global's service revenue — direct expenses has grown at a 74.2% compound annual growth rate (CAGR), from $155.3M to $1.43B.
What does service revenue — direct expenses mean?
This metric captures the direct costs specifically attributable to the delivery of service-based revenue streams. It includes expenses such as labor for auction operations, site maintenance, logistics support, and other variable costs directly tied to facilitating transactions. Monitoring these expenses is essential for assessing the operational efficiency and scalability of the service segment.