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Financials · QXO

QXO Inc. (QXO) financials

For the twelve months ended Jun 30, 2026, QXO Inc. reported $9.90B of revenue and -$511.70M of net income.

Revenue, TTM
$9.90B
Revenue growth, YoY
+408.3%
Net income, TTM
-$511.70M
Net margin
-5.2%
Free cash flow, TTM
$141.20M
Cash
$2.77B
Total debt
$6.03B
P/S
1.44
Market cap
$14.30B
Annual revenue$6.84B
FY2016FY2025
Annual net income-$279.40M
FY2016FY2025
Annual free cash flow$183.20M
FY2016FY2025

QXO revenue and earnings growth

QXO revenueQ2 2026$3.25B

Quarter YoY
+70.3%
QoQ
+87.6%
FY YoY
120x
5Y CAGR
+178.0%
10Y CAGR
+73.5%

QXO revenue was $3.25B in fiscal Q2 2026 (ended Jun 30, 2026), up 70.3% from a year earlier and up 87.6% from the prior quarter. For the full fiscal 2025 it was $6.84B, up about 120-fold from fiscal 2024. Compound annual growth was +178.0% over 5 years and +73.5% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

QXO net incomeQ2 2026-$55.00M

QXO net income was -$55.00M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$59.00M a year earlier. For the full fiscal 2025 it was -$279.40M, compared with $28.00M in fiscal 2024.

QXO EPSQ2 2026-$0.14

QXO diluted EPS was -$0.14 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.15 a year earlier. For the full fiscal 2025 it was -$0.63.

QXO free cash flowQ2 2026-$248.10M

FY YoY
+116.3%
5Y CAGR
+157.9%
10Y CAGR
+123.4%

QXO free cash flow was -$248.10M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$194.40M a year earlier. For the full fiscal 2025 it was $183.20M, up 116.3% from fiscal 2024. Compound annual growth was +157.9% over 5 years and +123.4% over 10 years. It rose in 3 of the last 5 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$6.84B$56.90M$54.52M$44.99M$41.70M$41.22M$38.50M$36.10M$34.85M$34.12M
Cost of revenue$5.27B$33.80M$32.90M$27.02M$24.49M$24.64M$23.82M$22.25M$20.99M$21.39M
Gross profit$1.57B$23.10M$21.61M$17.96M$17.21M$16.58M$14.68M$13.85M$13.87M$12.73M
Selling, general and admin$1.39B$93.00M$22.10M$9.47M$9.40M$8.27M$8.77M$7.98M$7.35M$6.37M
Operating income-$245.20M-$71.00M-$1.31M-$385.4K-$231.0K$223.4K-$1.91M-$1.16M$939.3K$1.27M
Interest expense$173.50M$100.0K$76.0K$89.0K$46.8K-----
Pre-tax income-$337.10M$50.80M-$1.37M-$474.4K$43.6K$223.0K-$1.92M-$1.20M$907.6K$1.21M
Income tax-$57.70M$22.80M-$297.0K-$192.2K$178.0K$47.4K-$455.0K-$281.2K$1.39M-$2.22M
Net income-$279.40M$28.00M-$1.07M-$282.2K-$134.4K$175.6K$6.79M$262.4K-$486.5K$3.44M
EPS, basic-$0.63-$0.11-$1.63-$0.40-$0.24$0.32$12.08$0.48-$0.88$6.24
EPS, diluted-$0.63-$0.11-$1.63-$0.40-$0.24$0.32$12.08$0.48-$0.88$6.16
Diluted shares613.0M204.0M657,000645,885.125628,302.5562,658.875562,603.375562,444.875561,126.625559,175.375

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$2.36B$5.07B$6.20M$8.01M$6.81M$6.60M$8.66M$1.90M$2.24M$1.62M
Receivables$1.15B$2.70M$2.97M$2.23M$1.93M$1.58M$2.53M$1.90M$2.34M$2.50M
Inventory$1.50B$0--------
Current assets$5.55B$5.09B$11.80M$13.70M$10.71M$8.63M$12.98M$4.89M$5.40M$4.92M
Goodwill$5.11B$1.20M$1.14M$1.14M$1.01M$1.01M$891.0K$885.0K$401.0K$401.0K
Total assets$15.89B$5.10B$20.50M$21.44M$18.00M$15.90M$18.95M$11.74M$10.41M$10.66M
Current liabilities$1.55B$45.10M$11.52M$10.75M$7.39M$6.73M$8.66M$6.23M$5.85M$5.11M
Short-term debt-$2.90M$702.0K$783.5K$402.0K$545.0K$408.9K$154.7K$257.8K$306.7K
Long-term debt$3.06B$0$994.0K$671.0K$463.6K$290.9K$64.1K$73.9K$228.6K$486.5K
Total debt$3.06B$2.90M$1.70M$1.45M$865.6K$835.9K$473.0K$228.6K$486.5K$793.1K
Total liabilities$6.18B$45.40M$13.02M$11.89M$8.64M$8.62M$10.06M$7.41M$6.19M$5.69M
Shareholders' equity$9.71B$5.05B$7.50M$9.55M$9.36M$7.28M$8.89M$4.33M$4.23M$4.97M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$261.40M$84.80M$584.0K$2.04M$226.0K$1.73M-$903.3K-$267.5K$2.31M$1.79M
Capital expenditures$78.20M$100.0K$121.0K$38.7K$114.8K$124.8K$70.7K$146.0K$241.2K$184.8K
Free cash flow$183.20M$84.70M$463.0K$2.00M$111.3K$1.60M-$974.0K-$413.5K$2.07M$1.61M
Investing cash flow-$10.63B-$100.0K-$400.0K-$188.7K-$510.5K$839.8K$8.15M-$697.8K-$815.5K-$496.7K
Financing cash flow$7.66B$4.98B-$2.05M-$655.1K$503.1K-$4.63M-$870.2K-$565.5K-$879.0K-$869.7K
Dividends paid$0$17.40M$1.05M$0$3.08M$4.05M$225.0K$0$359.0K$264.7K
Share repurchases------$0$3.7K$0-
Stock-based compensation$144.50M$34.40M$41.0K$180.3K$441.3K$10.2K$16.9K$73.3K$101.7K$42.8K
Depreciation and amortization$108.40M$200.0K$828.0K$386.8K$346.2K$314.4K$338.1K$326.3K$255.4K$232.3K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY11925.0%4.4%21.2%7.9%1.2%7.1%6.6%3.6%2.1%23.4%
Net income growth, YoY------97.4%2488.9%--818.1%
EPS growth, YoY------97.4%2416.7%--755.6%
Gross margin23.0%40.6%39.6%39.9%41.3%40.2%38.1%38.4%39.8%37.3%
Operating margin-3.6%-124.8%-2.4%-0.9%-0.6%0.5%-5.0%-3.2%2.7%3.7%
Net margin-4.1%49.2%-2.0%-0.6%-0.3%0.4%17.6%0.7%-1.4%10.1%
Free cash flow margin2.7%148.9%0.8%4.4%0.3%3.9%-2.5%-1.1%5.9%4.7%
Return on equity-2.9%0.6%-14.3%-3.0%-1.4%2.4%76.4%6.1%-11.5%69.1%
Return on assets-1.8%0.5%-5.2%-1.3%-0.7%1.1%35.8%2.2%-4.7%32.2%
Current ratio3.58112.851.021.271.451.281.500.780.920.96
Debt to equity0.310.000.230.150.090.110.050.050.120.16

Source: XBRL data QXO Inc. files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-8, first reported Aug 14, 2024.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

QXO peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
QXO$9.90B+408.3%-$511.70M-5.2%$14.30B
HD$169.18B+2.5%$14.23B8.4%$352.60B
LOW$90.43B+8.2%$6.64B7.3%$130.22B
SHW$24.91B+7.0%$2.68B10.7%$86.47B
FAST$9.08B+13.5%$1.42B15.6%$62.61B
TSCO$15.94B+3.5%$1.85B11.6%$19.39B
BLDR$14.36B-8.3%$40.58M0.3%$7.10B
FND$4.75B+1.8%$239.73M5.1%$5.56B
BCC$6.59B+1.2%$120.31M1.8%$2.53B

QXO FAQ

8 questions
  • What is QXO revenue?
    QXO Inc. (QXO) reported $9.90B of revenue for the twelve months ended Jun 30, 2026. That is up 408.3% from the year before. Revenue for fiscal 2025 was $6.84B.
  • Is QXO profitable?
    No. QXO Inc. reported a net loss of $511.70M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does QXO have?
    QXO Inc. reported $2.77B in cash and cash equivalents and $6.03B of debt on its most recent balance sheet in SEC filings.
  • How fast is QXO revenue growing?
    QXO Inc.'s revenue changed 120x in fiscal 2025, to $6.84B. Its compound annual growth rate was +178.0% over 5 years and +73.5% over 10 years.
  • What is QXO gross margin?
    QXO Inc.'s gross profit was $2.38B on $9.90B of revenue for the twelve months ended Jun 30, 2026, a gross margin of 24.0%.
  • What is QXO free cash flow?
    QXO Inc. generated $141.20M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $253.40M less capital expenditures.
  • When did QXO last report financial results?
    The latest statements here come from QXO Inc.'s 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.
  • Where does this QXO financial data come from?
    Quantisnow builds these statements from the structured XBRL data QXO Inc. files with the SEC. It is provided for information only and is not investment advice.