RenX Tops $11M Revenue Since Acquisitions, Logistics Profit and 96% Mulch Growth
RenX generated over $11 million in revenue after its June 2025 acquisitions, with $3.96M in Q1 2026 up 20% sequentially from Q4 2025. Logistics swung to positive operating income on 19% revenue growth, and Biomass Recycling mulch sales jumped 96%, driven by a 107% rise in wood mulch to $140,000.
1. Consolidated Revenue Since Acquisitions
RenX recorded over $11 million in consolidated revenue across the 15 months following its June 2025 acquisitions of Resource Group US and Zimmer Equipment. Fiscal 2025 revenue totaled approximately $8.22 million, while Q1 2026 contributed $3.96 million, reflecting a 20% sequential increase versus Q4 2025.
2. Logistics Segment Performance
Zimmer Equipment, within the Logistics segment, delivered positive operating income and net income in Q1 2026 after reporting losses in Q4 2025. Revenue grew by 19% quarter-over-quarter, attributed to improved fleet utilization and higher route density on a stable driver and equipment base.
3. Biomass Recycling Segment Growth
The Biomass Recycling segment saw mulch revenue climb to roughly $400,000 in Q1 2026 from $205,000 in Q4 2025, a 96% increase. High-processed wood mulch sales rose 107% to $140,000, while compost revenue declined 18% to $89,000, reflecting a strategic shift toward higher-value engineered outputs.