QXO, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.84B | $56.9M | $54.5M | $45.0M | $41.7M | $41.2M | $38.5M | $36.1M |
| Cost of Revenue | $5.27B | $33.9M | $32.9M | $27.0M | $24.5M | $24.6M | $23.8M | $22.2M |
| Gross Profit | $1.57B | $23.1M | $21.6M | $18.0M | $17.2M | $16.6M | $14.7M | $13.9M |
| Gross Margin | 23.0% | 40.6% | 39.6% | 39.9% | 41.3% | 40.2% | 38.1% | 38.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.39B | $93.0M | $22.1M | $9.5M | $9.4M | $8.3M | $8.8M | $8.0M |
| Operating Income | $-245.2M | $-71.0M | $-1.3M | $-385.4K | $-231.0K | $223.4K | $-1.9M | $-1.2M |
| Operating Margin | -3.6% | -124.8% | -2.4% | -0.9% | -0.6% | 0.5% | -5.0% | -3.2% |
| Interest Expense | — | — | $55.7K | $89.0K | $46.8K | — | — | — |
| Pretax Income | $-337.1M | $50.8M | $-1.4M | $-474.4K | $43.6K | $223.0K | $-1.9M | $-1.2M |
| Income Tax Expense | $-57.7M | $22.8M | $-297.0K | $-192.2K | $178.0K | $47.4K | $-455.0K | $-281.2K |
| Net Income | $-279.4M | $28.0M | $-1.1M | $-282.2K | $-134.4K | $175.6K | $6.8M | $262.4K |
| Net Margin | -4.1% | 49.2% | -2.0% | -0.6% | -0.3% | 0.4% | 17.6% | 0.7% |
| EPS (Basic) | $-0.63 | $-0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $-0.63 | $-0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 613.0M | 612.0M | 613.0M | 4.82B | 4.69B | 4.20B | 4.20B | 4.20B |
| Shares Outstanding (Diluted) | 613.0M | 612.0M | 613.0M | 4.82B | 4.69B | 4.20B | 4.20B | 4.20B |
| Dividends Per Share | — | — | — | — | — | — | — | — |