Company: QXO-PB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040367
Chunk: 142

Company: QXO, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 142
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 number of common shares outstanding during the period, without consideration for common share equivalents or the conversion of the Company’s Convertible Preferred Stock and Mandatory Convertible Preferred Stock. The weighted-average number of common shares outstanding used in the basic and diluted net loss per share calculation include the Pre-Funded Warrants as the Pre-Funded Warrants are exercisable at any time for nominal consideration. Common share equivalents consist of the incremental common shares issuable upon the exercise of stock options and vesting of restricted stock unit awards. Diluted net income (loss) per common share is calculated by utilizing the most dilutive result of the if-converted and two-class methods. In both methods, net income (loss) attributable to common stockholders and the weighted-average common shares outstanding are adjusted to account for the 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