Roadrunner Transportation Systems Inc

Roadrunner's capital structure is highly leveraged, with a debt-to-equity ratio of 4.87, indicating significant reliance on debt financing. The company's liquidity position is weak, with a current ratio of 0.96 and only $4.78 million in cash and equivalents, which is insufficient to cover its $614.57 million in total liabilities. The negative operating cash flow of $97.08 million and free cash flow of $-308.93 million further highlight the company's cash flow challenges. Profitability metrics are deeply negative, with a return on equity of -6.11 and a return on assets of -0.51, both well below industry norms for ground freight and logistics firms. The company reported a net loss of $340.94 million and an operating loss of $324.19 million, indicating a severe underperformance relative to its peers. Gross profit of $601.30 million is insufficient to cover operating expenses, suggesting inefficiencies in cost management or pricing power. The company's geographic exposure is concentrated in the United States, with no disclosed international revenue segments. Its Smart Network spans 40+ metro markets, but the lack of geographic diversification increases vulnerability to regional economic downturns or regulatory changes. No segment-specific revenue breakdown is available, but the company's focus on LTL freight suggests a reliance on domestic manufacturing, e-commerce, and retail importers. Growth trajectory is negative, with a net loss of $340.94 million and declining operating cash flow. No forward-looking revenue guidance is provided, but the company's operating losses and negative free cash flow suggest a challenging path to growth. The absence of a disclosed capex outlook or R&D investment further limits visibility into future expansion or innovation. Risk factors include liquidity constraints, with negative net cash after subtracting total debt, and a high debt-to-equity ratio that increases financial leverage risk. Dilution risk is currently low, as shares outstanding remain unchanged between basic and diluted measures. However, the company's negative free cash flow and operating losses may necessitate future equity or debt financing, which could dilute existing shareholders. Recent events include a reported net loss of $340.94 million and a significant decline in operating income to -$324.19 million. No recent filings or transcripts are disclosed, but the company's financial performance suggests a need for operational restructuring or cost optimization.