QXO, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 2025
QXO$13.78+19.2%Stored close · as of Nov 9, 2026
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Condensed Consolidated Statements of Operations
(in millions, except per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Net sales | $2,728.3 | $13.1 | $4,648.1 | $42.1 |
| Cost of products sold | 2,092.5 | 7.6 | 3,605.3 | 25.1 |
| Gross profit | 635.8 | 5.5 | 1,042.8 | 17.0 |
| Operating expense: | ||||
| Selling, general and administrative | 452.5 | 39.0 | 953.7 | 54.0 |
| Depreciation | 39.7 | — | 67.0 | 0.2 |
| Amortization | 117.8 | 0.2 | 197.8 | 0.6 |
| Total operating expense | 610.0 | 39.2 | 1,218.5 | 54.8 |
| Income (loss) from operations | 25.8 | (33.7) | (175.7) | (37.8) |
| Interest (expense) income, net | (37.7) | 57.0 | (11.3) | 60.4 |
| Loss on debt extinguishment | — | — | (45.7) | — |
| Other income, net | 1.4 | — | 3.1 | — |
| (Loss) income before provision for income taxes | (10.5) | 23.3 | (229.6) | 22.6 |
| Provision for (benefit from) income taxes | 128.9 | 6.1 | (40.4) | 5.9 |
| Net (loss) income | $(139.4) | $17.2 | $(189.2) | $16.7 |
| Loss per common share - basic and diluted (Note 7) | $(0.24) | $(0.01) | $(0.46) | $(0.10) |
| Total weighted-average common shares outstanding: | ||||
| Basic | 715.3 | 358.8 | 578.1 | 120.9 |
| Diluted | 715.3 | 358.8 | 578.1 | 120.9 |
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