| Segment Reporting |
The following tables summarize key financial information by segment:
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Year Ended June 30, 2026 |
|
(In thousands) |
|
United States |
|
|
Canada |
|
|
Total |
|
Revenue |
|
$ |
823,342 |
|
|
$ |
111,558 |
|
|
$ |
934,900 |
|
Elimination from intersegment revenue |
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|
|
|
|
|
(544 |
) |
Total consolidated revenue |
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$ |
934,356 |
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|
|
|
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Less segment expenses: |
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Cost of transportation and other services |
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|
(614,823 |
) |
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(74,050 |
) |
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|
Operating partner commissions |
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|
(82,446 |
) |
|
|
— |
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|
Personnel costs |
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|
(63,654 |
) |
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(18,264 |
) |
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Other segment expenses |
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(25,726 |
) |
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(7,846 |
) |
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Segment adjusted EBITDA |
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$ |
36,693 |
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$ |
11,398 |
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$ |
48,091 |
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Year Ended June 30, 2025 |
|
(In thousands) |
|
United States |
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|
Canada |
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Total |
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Revenue |
|
$ |
792,182 |
|
|
$ |
110,897 |
|
|
$ |
903,079 |
|
Elimination from intersegment revenue |
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|
|
|
|
|
|
|
(383 |
) |
Total consolidated revenue |
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$ |
902,696 |
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|
|
|
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|
Less segment expenses: |
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Cost of transportation and other services |
|
|
(588,976 |
) |
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|
(74,684 |
) |
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|
|
Operating partner commissions |
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|
(78,493 |
) |
|
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— |
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Personnel costs |
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|
(58,078 |
) |
|
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(18,293 |
) |
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Other segment expenses |
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(26,616 |
) |
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(8,281 |
) |
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Segment adjusted EBITDA |
|
$ |
40,019 |
|
|
$ |
9,639 |
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$ |
49,658 |
|
The following table presents a reconciliation of Segment adjusted EBITDA to income before income taxes:
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Year Ended June 30, |
|
(In thousands) |
|
2026 |
|
|
2025 |
|
Segment adjusted EBITDA |
|
$ |
48,091 |
|
|
$ |
49,658 |
|
Depreciation and amortization |
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|
(14,333 |
) |
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|
(18,493 |
) |
Share-based compensation |
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|
(1,660 |
) |
|
|
819 |
|
Change in fair value of contingent consideration |
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|
6,197 |
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|
2,491 |
|
Change in fair value of interest rate swap contracts |
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|
— |
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|
|
(1,032 |
) |
Interest income (expense), net |
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|
(2,135 |
) |
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|
(39 |
) |
Other |
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|
(112 |
) |
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|
311 |
|
Unallocated corporate costs |
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|
(13,027 |
) |
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(12,512 |
) |
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Income before income taxes |
|
$ |
23,021 |
|
|
$ |
21,203 |
|
The following table presents depreciation and amortization expense by segment:
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Year Ended June 30, |
|
(In thousands) |
|
2026 |
|
|
2025 |
|
United States |
|
$ |
2,999 |
|
|
$ |
3,790 |
|
Canada |
|
|
4,079 |
|
|
|
4,058 |
|
Corporate/Eliminations |
|
|
7,255 |
|
|
|
10,645 |
|
|
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Total |
|
$ |
14,333 |
|
|
$ |
18,493 |
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|