Company: QXO-PB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040367
Chunk: 77

Company: QXO, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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 impact of the assumed issuance of potential common shares that are dilutive, subject to dilution sequencing rules. The following table presents the components and calculations of basic and diluted net income (loss) per common share attributable to common stockholders: (in millions, except per share amounts; certain amounts may not recalculate due to rounding)Three Months Ended June 30,Six Months Ended June 30,2025202420252024Basic and diluted earnings (loss) per common share computation:Net loss$(58.5)$(0.6)$(49.8)$(0.5)Less: Convertible Preferred Stock dividend(22.5)(6.0)(45.0)(6.0)Less: Mandatory Convertible Preferred Stock dividend(3.1)— (3.1)— Less: Undistributed earnings allocated to participating securities— — — — Net loss attributable to common shareholders$(84.1)$(6.6)$(97.9)$(6.5)Weighted-average common shares522.7 0.7 466.4 0.7 Weighted average Pre-Funded Warrants42.0 — 42.0 — Total weighted-average common shares outstanding564.7 0.7 508.4 0.7 Basic and diluted loss per common share$(0.15)$(9.93)$(0.19)$(9.72)The following table includes the number of shares that may be dilutive common shares in the future. These shares were not included in the computation of diluted net income (loss) per common share because the effect was either anti-dilutive or the requisite performance conditions were not met:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024Convertible Preferred Stock219.0 219.0 219.0 219.0 Mandatory Convertible Preferred Stock34.8 — 34.8 — Warrants219.0 219.0 219.0 219.0 Stock-based awards30.1 — 30.1 — Total potential dilutive securities not included in loss per common share502.9 438.0 502.9 438.0 

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8. Stock-based Compensation

At the special meeting of the Company’s stockholders on May 30, 2024, the stockholders approved the QXO, Inc.