Company: QXO-PB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050298
Chunk: 93

Company: QXO, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 93
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The following table summarizes net sales by line of business for the periods presented:

Three Months Ended September 30,% of net sales(in millions, except percentages)2025202420252024Residential roofing products$1,351.7 $— 49.6 %0.0 %Non-residential roofing products734.0 — 26.9 %0.0 %Complementary building products628.5 — 23.0 %0.0 %Software products and services14.1 13.1 0.5 %100.0 %Total net sales$2,728.3 $13.1 100.0 %100.0 %

Net sales for the three months ended September 30, 2025 increased to $2.73 billion compared to $13.1 million for the three months ended September 30, 2024. The increase in net sales was primarily driven by the Beacon Acquisition as Beacon’s net sales are included in net sales for the three months ended September 30, 2025.

The following table summarizes net sales by line of business for the periods presented:

Nine Months Ended September 30,% of net sales(in millions)2025202420252024Residential roofing products$2,281.5 $— 49.1 %0.0 %Non-residential roofing products1,269.5 — 27.3 %0.0 %Complementary building products1,054.6 — 22.7 %0.0 %Software products and services42.5 42.1 0.9 %100.0 %Total net sales$4,648.1 $42.1 100.0 %100.0 %

Net sales for the nine months ended September 30, 2025 increased to $4.65 billion compared to $42.1 million for the nine months ended September 30, 2024. The increase in net sales was primarily driven by the Beacon Acquisition as Beacon’s net sales for the period April 29, 2025 through September 30, 2025 are included in net sales for the nine months ended September 30, 2025.

Cost of Products Sold

Cost of products sold for the three months ended September 30, 2025 increased to $2.09 billion, up from $7.6 million for the three months ended September