QXO, Inc.
For the period ended Jun 30, 2025. Filed Aug 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 14, 2025
QXO$11.56-0.7%Stored close · as of Nov 6, 2026
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Condensed Consolidated Statements of Operations
(in millions, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net sales | $1,906.4 | $14.5 | $1,919.8 | $29.0 |
| Cost of products sold | 1,504.7 | 8.7 | 1,512.8 | 17.5 |
| Gross profit | 401.7 | 5.8 | 407.0 | 11.5 |
| Operating expense: | ||||
| Selling, general and administrative | 456.8 | 9.8 | 501.2 | 15.0 |
| Depreciation | 27.2 | 0.1 | 27.3 | 0.2 |
| Amortization | 79.8 | 0.2 | 80.0 | 0.4 |
| Total operating expense | 563.8 | 10.1 | 608.5 | 15.6 |
| Loss from operations | (162.1) | (4.3) | (201.5) | (4.1) |
| Interest (expense) income, net | (30.2) | 3.5 | 26.4 | 3.4 |
| Loss on debt extinguishment | (45.7) | — | (45.7) | — |
| Other income, net | 1.7 | — | 1.7 | — |
| Loss before provision for income taxes | (236.3) | (0.8) | (219.1) | (0.7) |
| Benefit from income taxes | (177.8) | (0.2) | (169.3) | (0.2) |
| Net loss | $(58.5) | $(0.6) | $(49.8) | $(0.5) |
| Loss per common share - basic and diluted (Note 7) | $(0.15) | $(9.93) | $(0.19) | $(9.72) |
| Total weighted-average common shares outstanding: | ||||
| Basic | 564.7 | 0.7 | 508.4 | 0.7 |
| Diluted | 564.7 | 0.7 | 508.4 | 0.7 |
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