RB Global Inc

rbauction.com

What Do They Do?

Runs auction sites and digital marketplaces that help automobile insurers, equipment owners and dealers buy and sell vehicles and commercial assets, and provides related asset insights and services.

How Do They Make Money?

It earns commissions from sellers and transaction fees from buyers when the winning bid is accepted and the sale process ends; it also charges for optional services and resells assets it has bought.

revenue

Segment	Share	How money arrives
Transactional seller revenue Sold outright	20% FY2022: 30%	Sold outright
Transactional buyer revenue Sold outright	49% FY2022: 19%	Sold outright
Marketplace services revenue	7.3% FY2022: 12%
Inventory sales revenue Sold outright	24% FY2022: 39%	Sold outright

Who Are Their Customers?

Automobile insurers and commercial-asset owners, including end users, dealers, fleet owners and manufacturers, sell through the auction sites and digital marketplaces; buyers use those channels to purchase vehicles and equipment.

Do Revenues Turn Into Profits?

Yes. It kept 9 cents of every revenue dollar as net income in FY2025 and turned 16 cents into free cash flow.

Operating income, FY2025

16% of revenue

▼ −6% vs FY2024 ($761.2M, 18%)

Net income, FY2025

9% of revenue

▲ +4% vs FY2024 ($413.1M, 10%)

Free cash flow, FY2025

16% of revenue

▼ −6% vs FY2024 ($764.6M, 18%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +11%; vs $1.2B in Q2 FY2025
Net income: ▲ +31%; vs $109.8M in Q2 FY2025

Transactional buyer revenue share of revenue vs 47.3% in Q2 FY2025

Aug 4, 2026 Raised its full-year GTV growth outlook It raised its full-year GTV growth outlook to 9% to 11% from 6% to 9%.
May 18, 2026 Completed the BigIron acquisition The deal adds an agriculture-focused auction business and expands its U.S. agriculture presence.

Growing. Revenue grew 3.2x in 4 years, from $1.4B in FY2021 to $4.6B in FY2025, about 34% a year.

Broader asset mix The older report focuses on commercial and industrial assets, used equipment and government surplus; the latest also describes automotive sales, including salvage and non-salvage vehicles.

Revenue over time

Transactional seller revenue Transactional buyer revenue Marketplace services revenue Inventory sales revenue Buyer fees Commissions

$5B$2.5B$0

FY2021 FY2022 FY2023 FY2024 FY2025

Who Do They Compete With?

Competes with Copart, Adesa, Manheim, and ACV Auctions

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