Company: QXO-PB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040367
Chunk: 158

Company: QXO, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 158
---
1.7)%(1) Percent of net sales may not foot due to rounding.

31

Three and Six Months Ended June 30, 2025 Compared with Three and Six Months Ended June 30, 2024

Net Sales

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

Three Months Ended June 30,% of net sales(in millions, except percentages)2025202420252024Residential roofing products$929.8 $— 48.7 %0.0 %Non-residential roofing products535.5 — 28.1 %0.0 %Complementary building products426.1 — 22.4 %0.0 %Software products and services15.0 14.5 0.8 %100.0 %Total net sales$1,906.4 $14.5 100.0 %100.0 %

Net sales for the three months ended June 30, 2025 increased to $1.91 billion compared to $14.5 million for the three months ended June 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 June 30, 2025 are included in net sales for the three months ended June 30, 2025.

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

Six Months Ended June 30,% of net sales(in millions)2025202420252024Residential roofing products$929.8 $— 48.5 %0.0 %Non-residential roofing products535.5 — 27.9 %0.0 %Complementary building products426.1 — 22.2 %0.0%Software products and services28.4 29.0 1.4 %100.0 %Total net sales$1,919.8 $29.0 100.0 %100.0 %

Net sales for the six months ended June 30, 2025 increased to $1.92 billion compared to $29.0 million for the six months ended June 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 June 30, 2025 are included