Company: QXO-PB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040367
Chunk: 51

Company: QXO, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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30, 2025 and December 31, 2024498.6 498.6 Common stock, $0.00001 par value; authorized 2,000.0 shares; 671.6 and 409.4 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively— — Additional paid-in capital8,965.8 4,560.5 Retained earnings (accumulated deficit)(104.1)(6.2)Accumulated other comprehensive loss(3.1)— Total stockholders’ equity9,915.3 5,052.9 Total liabilities and stockholders’ equity$17,114.2 $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 June 30,Six Months Ended June 30,2025202420252024Net sales$1,906.4 $14.5 $1,919.8 $29.0 Cost of products sold1,504.7 8.7 1,512.8 17.5 Gross profit401.7 5.8 407.0 11.5 Operating expense:Selling, general and administrative456.8 9.8 501.2 15.0 Depreciation27.2 0.1 27.3 0.2 Amortization79.8 0.2 80.0 0.4 Total operating expense563.8 10.1 608.5 15.6 Loss from operations(162.1)(4.3)(201.5)(4.1)Interest (expense) income, net(30.2)3.5 26.4 3.4 Loss on debt extinguishment(45.7)— (45.7)— Other income, net1.7 — 1.7 — Loss before provision for income taxes(236.3)(0.8)(219.1)(0.7)Benefit from income taxes(177.8)(0.2)(169.3)(0.2)Net loss$(58.5)$(0.6