Qxo, Inc. (QXO) Financial Statements

Executive TeamFinancials
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Qxo financial statements at a glance

Qxo reported revenue of $6.84 billion for fiscal year 2025 (ended December 31, 2025), up 11930.7% from fiscal year 2024. Net income was -$388.30 million, a net margin of 5.7% loss, and diluted earnings per share were -$0.63.

At the end of fiscal year 2025 it had total assets of $15.89 billion, total liabilities of $6.18 billion and shareholders' equity of $9.71 billion, with cash and short-term investments of $2.36 billion and total debt of $3.91 billion.

Its operations brought in $261.40 million of cash; capital spending was $78.20 million, leaving free cash flow of $183.20 million.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

QXO logo

Qxo, Inc.

QXOUnited States
Technology
USD (Local)

Income Statement

Annual • USD

Total Revenue
6.84B
Prev Year: 56.87M
YoY: +11930.7%
Operating Revenue
6.84B
Prev Year: 56.87M
YoY: +11930.7%
Tax Effect of Unusual Items
-8.50M
Prev Year: 0
Interest Income
125.80M
Prev Year: 121.87M
YoY: +3.2%
Weighted Average Shares (diluted)
613.00M
Prev Year: 204.00M
YoY: +200.5%
Weighted Average Shares (basic)
613.00M
Prev Year: 204.00M
YoY: +200.5%
Diluted EPS
-0.63
Prev Year: 0.11
YoY: -672.7%
Basic EPS
-0.63
Prev Year: 0.11
YoY: -672.7%
Non-operating Interest Income
125.80M
Prev Year: 121.87M
YoY: +3.2%
Amortization
314.70M
Amortization of Intangibles
314.70M
Depreciation
108.40M
Cost of Revenue
5.27B
Prev Year: 33.94M
YoY: +15425.5%
Gross Profit
1.57B
Prev Year: 22.93M
YoY: +6758.1%
Operating Expense
1.82B
Prev Year: 93.93M
YoY: +1835.3%
Selling General and Administrative
1.39B
Prev Year: 92.94M
YoY: +1400.7%
Depreciation Amortization Depletion
423.10M
Prev Year: 989.0K
YoY: +42680.6%
Depreciation and amortization
423.10M
Prev Year: 989.0K
YoY: +42680.6%
Operating Income
-245.20M
Prev Year: -71.00M
YoY: -245.4%
Net Non Operating Interest Income Expense
-47.70M
Prev Year: 121.81M
YoY: -139.2%
Non-operating Interest Expense
173.50M
Prev Year: 60.0K
YoY: +289066.7%
Other Income Expense
-44.20M
Special Income Charges
-49.70M
Gain on Sale of Securities
-
Other Special Charges
49.70M
Restructuring and Mergers Acquisition
-
Other Non-operating Income (expense)
5.50M
Pre-tax Income
-337.10M
Prev Year: 50.81M
YoY: -763.4%
Provision for Income Taxes
-57.70M
Prev Year: 22.84M
YoY: -352.6%
Net Income Common Stockholders
-388.30M
Prev Year: -23.03M
YoY: -1586.0%
Net Income
-279.40M
Prev Year: 27.97M
YoY: -1099.0%
Net Income Including Non-Controlling Interests
-279.40M
Prev Year: 27.97M
YoY: -1099.0%
Net Income from Continuing Operations
-279.40M
Prev Year: 27.97M
YoY: -1099.0%
Preferred Stock Dividends
108.90M
Prev Year: 51.00M
YoY: +113.5%
Diluted NI Available to Com Stockholders
-388.30M
Prev Year: -23.03M
YoY: -1586.0%
Total Operating Income as Reported
-245.20M
Prev Year: -71.00M
YoY: -245.4%
Total Expenses
7.09B
Prev Year: 127.87M
YoY: +5442.5%
Net Income from Continuing and Discontinued Operation
-279.40M
Prev Year: 27.97M
YoY: -1099.0%
Normalized Income
-238.20M
Prev Year: 27.97M
YoY: -951.7%
Interest Expense
173.50M
Prev Year: 60.0K
YoY: +289066.7%
Net Interest Income
-47.70M
Prev Year: 121.81M
YoY: -139.2%
EBIT
-163.60M
Prev Year: 50.87M
YoY: -421.6%
EBITDA
259.50M
Prev Year: 51.99M
YoY: +399.1%
Reconciled Cost of Revenue
5.27B
Prev Year: 33.81M
YoY: +15486.5%
Reconciled Depreciation
423.10M
Prev Year: 1.12M
YoY: +37609.4%
Net Income from Continuing Operation Net Minority Interest
-279.40M
Prev Year: 27.97M
YoY: -1099.0%
Total Unusual Items Excluding Goodwill
-49.70M
Total Unusual Items
-49.70M
Normalized EBITDA
309.20M
Prev Year: 51.99M
YoY: +494.7%
Tax Rate for Calcs
0.171
Prev Year: 0
Values in USD

Qxo key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$6.8B$56.9M$54.5M$45.0M$41.7M
Gross profit$1.6B$22.9M$21.6M$18.0M$17.2M
Operating income-$245.2M-$71.0M-$1.3M-$385,380-$230,990
Net income-$388.3M-$23.0M-$1.1M-$282,220-$134,430
Diluted EPS-$0.63$0.11-$1.63-$0.40-$0.24
Total assets$15.9B$5.1B$20.5M$21.4M$18.0M
Total liabilities$6.2B$45.4M$13.0M$11.9M$8.6M
Shareholders' equity$9.7B$5.1B$7.5M$9.6M$9.4M
Cash and short-term investments$2.4B$5.1B$6.1M$8.0M$6.8M
Total debt$3.9B$577,000$2.6M$2.4M$2.3M
Operating cash flow$261.4M$84.9M$584,000$2.0M$226,030
Capital spending$78.2M$102,000$121,000$38,740$114,760
Free cash flow$183.2M$84.8M$463,000$2.0M$111,270

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Qxo's revenue in fiscal year 2025?

$6.84 billion, up 11930.7% from $56.87 million in fiscal year 2024.

How much profit does Qxo make?

Qxo reported net income of -$388.30 million for fiscal year 2025 (5.7% of revenue); operating income was -$245.20 million.

How much cash and debt does Qxo have?

At the end of fiscal year 2025: cash and short-term investments of $2.36 billion and total debt of $3.91 billion.

What is Qxo's free cash flow?

$183.20 million in fiscal year 2025 (operating cash flow of $261.40 million minus capital spending of $78.20 million).

MoreQxo stock overviewQxo executive teamQxo shareholdersQxo revenue by segment
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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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