Revenue: As of FY2026 Q1, the actual value is USD 1.235 B, beating the estimate of USD 1.147 B.EPS: As of FY2026 Q1, the actual value is USD 0.66, beating the estimate of USD 0.5567.EBIT: As of FY2026 Q1, the actual value is USD 258.9 M.<h4>Overview of Financial Performance (Three months ended March 31, 2026 vs. 2025)</h4>Revenue Total revenue increased by 11% to $1,234.6 million in 2026, from $1,108.6 million in 2025. Service revenue grew by 5% to $897.7 million in 2026, compared to $852.5 million in 2025. Transactional seller revenue increased by 11% to $241.3 million in 2026, from $216.8 million in 2025. Transactional buyer revenue increased by 4% to $577.5 million in 2026, from $556.7 million in 2025. Marketplace services revenue remained stable at $78.9 million in 2026, compared to $79.0 million in 2025. Inventory sales revenue increased by 32% to $336.9 million in 2026, from $256.1 million in 2025.Operating Expenses Costs of services increased by 1% to $365.1 million in 2026, from $361.9 million in 2025. Cost of inventory sold increased by 31% to $306.7 million in 2026, from $235.0 million in 2025. Selling, general and administrative expenses increased by 4% to $214.2 million in 2026, from $205.0 million in 2025. Acquisition-related and integration costs increased by 100% to $6.2 million in 2026, from $3.1 million in 2025. Depreciation and amortization increased by 11% to $126.7 million in 2026, from $114.5 million in 2025.Profitability Operating income increased by 15% to $217.5 million in 2026, from $189.5 million in 2025. Net income increased by 20% to $135.6 million in 2026, from $113.3 million in 2025. Net income available to common stockholders increased by 21% to $124.6 million in 2026, from $102.9 million in 2025. The effective tax rate increased by 100 basis points to 21.7% in 2026, from 20.7% in 2025.<h4>Key Operating Metrics (Three months ended March 31, 2026 vs. 2025)</h4>Gross Transaction Value (GTV) Total GTV increased by 13% to $4,340.9 million in 2026, from $3,828.9 million in 2025. Service GTV increased by 12% to $4,004.0 million in 2026, from $3,572.8 million in 2025. Inventory GTV increased by 32% to $336.9 million in 2026, from $256.1 million in 2025. United States GTV increased by 9% to $3,345.9 million in 2026, from $3,061.1 million in 2025. Canada GTV increased by 16% to $568.4 million in 2026, from $488.8 million in 2025. International GTV increased by 53% to $426.6 million in 2026, from $279.0 million in 2025. Automotive sector GTV increased by 7% to $2,289.2 million in 2026, from $2,144.7 million in 2025. Commercial construction and transportation sector GTV increased by 27% to $1,622.0 million in 2026, from $1,276.7 million in 2025. Other sector GTV increased by 5% to $429.7 million in 2026, from $407.5 million in 2025.Inventory Metrics Inventory return increased by 43% to $30.2 million in 2026, from $21.1 million in 2025. Inventory rate increased by 80 basis points to 9.0% in 2026, from 8.2% in 2025.Lots Sold Total lots sold remained stable at 857.5 thousand in 2026, compared to 855.1 thousand in 2025. Automotive lots sold increased by 1% to 631.3 thousand in 2026, from 625.6 thousand in 2025. Commercial construction and transportation lots sold increased by 12% to 97.8 thousand in 2026, from 87.6 thousand in 2025. Other lots sold decreased by -10% to 128.4 thousand in 2026, from 141.9 thousand in 2025.<h4>Cash Flows (Three months ended March 31, 2026 vs. 2025)</h4><ul><li>Net cash provided by operating activities increased to $224.1 million in 2026, from $156.8 million in 2025.</li><li>Net cash used in investing activities decreased to - $78.8 million in 2026, from - $101.9 million in 2025.</li><li>Net cash provided by financing activities was $23.6 million in 2026, compared to net cash used of - $45.0 million in 2025.</li><li>Net increase in cash, cash equivalents, and restricted cash increased to $164.6 million in 2026, from $13.0 million in 2025.</li></ul><h4>Strategic Outlook and Recent Developments</h4>里奇兄弟拍卖 (RB Global, Inc.) entered an agreement to acquire BigIron for approximately $350.0 million, aiming to accelerate its expansion into the U.S. agriculture sector, with the acquisition anticipated to close in the second quarter of 2026. The company also acquired Blackmon Auctions, which is expected to strengthen its presence and expand its footprint in the south central U.S. Additionally, 里奇兄弟拍卖 (RB Global, Inc.) obtained Toronto Stock Exchange approval for a normal course issuer bid to repurchase up to $500.0 million of common shares, with timing and amount decisions based on market conditions and other strategic investment opportunities.

Ritchie Bros Auctioneers | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 1.235 B