What is the primary revenue source for Ritchie Bros. Auctioneers (RBA)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze RBA's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Ritchie Bros. Auctioneers's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Ritchie Bros. Auctioneers Makes Money: RBA Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

Operating margin improved by 0.86 percentage points year over year.

Revenue: USD 2.55B
Largest revenue segment share (Buyer Revenue): 46.57%
Cost of revenue: USD 746.70M
Selling, general and administrative: USD 425.00M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

RevenueTotal revenue · Revenues
Cost of revenueDirect expenses · CostOfRevenue
Selling, general and administrativeSelling, general and administrative · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Buyer Revenue)Buyer Revenue · segment_value / revenue * 100
Operating marginOperating income · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Goodwill accounts for 39.48% of total assets, a high share where impairment could hit earnings and equity.

Goodwill: USD 4.93B
Property, plant and equipment: USD 1.61B
Accounts receivable: USD 854.40M
Total liabilities: USD 6.44B
Shareholder equity: USD 5.57B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant, and equipment, after accumulated depreciation, depletion, and amortization · PropertyPlantAndEquipmentNet
Shareholder equityTotal stockholders' equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
Accounts receivableTrade and other receivables, net of allowance for credit losses of $8.1 and $8.6, respectively · AccountsReceivableNetCurrent

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 131.11% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 279.00M
Operating cash flow: USD 365.80M
Cash conversion: 131.11%
Free cash flow: USD 236.20M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income attributable to controlling interests · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 132.80M
Share repurchases: USD 150.00M
Net shareholder return: USD 282.80M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends · PaymentsOfOrdinaryDividends · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesProceeds from repurchased and retired common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?