Company: QXO-PB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050298
Chunk: 194

Company: QXO, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 194
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1.4)%435.1 %(11.3)60.4 (0.2)%143.5 %Loss on debt extinguishment— — 0.0 %0.0 %(45.7)— (1.0)%0.0 %Other income, net1.4 — 0.1 %0.0 %3.1 — 0.1 %0.0 %(Loss) income before provision for income taxes(10.5)23.3 (0.4)%177.9 %(229.6)22.6 (4.9)%53.7 %Provision for (benefit from) income taxes128.9 6.1 4.7 %46.6 %(40.4)5.9 (0.9)%14.0 %Net (loss) income$(139.4)$17.2 (5.1)%131.3 %$(189.2)$16.7 (4.1)%39.7 %(1) Percent of net sales may not foot due to rounding.

31

Three and Nine Months Ended September 30, 2025 Compared with Three and Nine Months Ended September 30, 2024

Net Sales

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