QXO, Inc. (QXO) Financial Statements
Industry: Lumber & Other Construction Materials (Wholesale)
In fiscal 2025, QXO reported revenue of $6.84B, up 11930.7% from $56.9M the year before. Net income was -$279.4M (a -4.1% net margin), or -$0.63 per diluted share. Gross margin was 23.0% and operating margin was -3.6%. Operating activities generated $261.4M of cash, leaving $183.2M of free cash flow. At fiscal year end, QXO held $15.89B in total assets against $6.18B in total liabilities, including $2.36B of cash and equivalents.
Open the full interactive QXO financials → Quarterly statements, key ratios, valuation history and price charts.
QXO Key Stats
| Share Price | $11.02 |
|---|---|
| Market Cap | $8.46B |
| 52-Week Range | $10.64 – $27.07 |
| Shares Outstanding | 767.3 million (basic, 2026 Q2) |
QXO Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $41.2M | $41.7M | $45.0M | $54.5M | $56.9M | $6.84B |
| Cost of Goods Sold | — | — | — | — | — | $5.27B |
| Gross Profit | $16.6M | $17.2M | $18.0M | $21.6M | $22.9M | $1.57B |
| Operating Income | $223,385 | -$230,986 | -$385,379 | $1.7M | -$71.0M | -$245.2M |
| Pre-Tax Income | $223,038 | $43,571 | -$474,403 | -$1.4M | $50.8M | -$337.1M |
| Income Tax | $47,391 | $178,005 | -$192,184 | -$297,419 | $22.8M | -$57.7M |
| Net Income | $175,647 | -$134,434 | -$282,219 | -$1.1M | $28.0M | -$279.4M |
| Diluted EPS | $0.32 | -$0.24 | -$0.40 | -$1.60 | -$0.11 | -$0.63 |
QXO Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.73B | $2.19B | $1.73B | $3.25B |
| Net Income | -$139.4M | -$90.3M | -$227.1M | -$55.0M |
| Diluted EPS | -$0.24 | -$0.15 | -$0.35 | -$0.14 |
QXO Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.6M | $6.8M | $8.0M | $6.1M | $5.07B | $2.36B |
| Current Assets | $8.6M | $10.7M | $13.7M | $11.8M | $5.09B | $5.55B |
| Total Assets | $15.9M | $18.0M | $21.4M | $20.5M | $5.10B | $15.89B |
| Current Liabilities | $6.7M | $7.4M | $10.8M | $11.5M | $45.1M | $1.55B |
| Total Long-Term Debt | $764,861 | $757,298 | $1.4M | $1.7M | — | $3.06B |
| Total Liabilities | $8.6M | $8.6M | $11.9M | $13.0M | $45.4M | $6.18B |
| Shareholders' Equity | $7.3M | $9.4M | $9.6M | $7.5M | $5.05B | $9.71B |
QXO Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.7M | $226,034 | $2.0M | $583,805 | $84.9M | $261.4M |
| Cash From Investing | — | -$510,464 | -$188,742 | -$399,416 | -$102,000 | -$10.63B |
| Cash From Financing | -$4.6M | $503,131 | -$655,134 | -$2.0M | $4.98B | $7.66B |
| Free Cash Flow | $1.6M | $111,273 | $2.0M | $462,878 | $84.8M | $183.2M |
| Dividends Paid | $4.1M | $3.1M | $0 | $1.1M | — | — |
Figures from QXO's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full QXO financials page for every line item.
QXO Company Profile
| Ticker | QXO |
|---|---|
| Exchange | NYSE |
| Industry | Lumber & Other Construction Materials (Wholesale) |
| Headquarters | Greenwich, Connecticut |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer |
| SEC CIK | 0001236275 |
Frequently Asked Questions
What was QXO's revenue in fiscal 2025?
QXO (QXO) reported revenue of $6.84B for fiscal 2025.
What is QXO's annual revenue history?
QXO's annual revenue by fiscal year: 2020: $41.2M; 2021: $41.7M; 2022: $45.0M; 2023: $54.5M; 2024: $56.9M; 2025: $6.84B.
What was QXO's net income in fiscal 2025?
QXO reported net income of -$279.4M for fiscal 2025.
What was QXO's earnings per share (EPS) in fiscal 2025?
QXO's diluted EPS was -$0.63 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did QXO generate in fiscal 2025?
QXO generated $183.2M of free cash flow in fiscal 2025.
What was QXO's revenue last quarter?
In its most recent reported quarter (2026 Q2), QXO reported revenue of $3.25B.
How much debt does QXO have?
QXO reported $3.06B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of QXO are outstanding?
QXO reported a weighted average of 767.3 million basic shares outstanding in 2026 Q2.
What is QXO's market cap?
Based on its latest closing price, QXO (QXO) has a market capitalization of about $8.46B.
When does QXO's fiscal year end?
QXO's fiscal year end, as registered with the SEC, is December 31.
Where is QXO headquartered?
QXO lists its business address in Greenwich, Connecticut in its SEC filings.