Company: QXO-PB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050298
Chunk: 50

Company: QXO, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 2025 and December 31, 2024498.6 498.6 Common stock, $0.00001 par value; authorized 2,000.0 shares; 674.3 and 409.4 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively— — Additional paid-in capital9,039.2 4,560.5 Retained earnings (accumulated deficit)(273.9)(6.2)Accumulated other comprehensive loss(0.1)— Total stockholders’ equity9,821.9 5,052.9 Total liabilities and stockholders’ equity$16,642.9 $5,098.3 

See accompanying notes to the unaudited condensed consolidated financial statements.

4

QXO, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations 

(in millions, except per share amounts)

(Unaudited) 

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net sales$2,728.3 $13.1 $4,648.1 $42.1 Cost of products sold2,092.5 7.6 3,605.3 25.1 Gross profit635.8 5.5 1,042.8 17.0 Operating expense:Selling, general and administrative452.5 39.0 953.7 54.0 Depreciation39.7 — 67.0 0.2 Amortization117.8 0.2 197.8 0.6 Total operating expense610.0 39.2 1,218.5 54.8 Income (loss) from operations25.8 (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, net1.4 — 3.1 — (Loss) income before provision for income taxes(10.5)23.3 (229.6)22.6 Provision for (benefit from) income taxes128.9 6.1 (40.4)5.9