Company: QXO-PB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050298
Chunk: 69

Company: QXO, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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’s single operating segment and decides how to allocate resources based on the Company’s consolidated net income that is reported in the condensed consolidated statements of operations as net income (loss). The measure of segment assets is reported on the condensed consolidated balance sheets as total assets. These results are used to assess segment performance and determine the compensation of certain employees.The operating segment financial information regularly reviewed by the CODM, inclusive of assets, revenue, expenses, profit or loss and noncash items are presented on a consolidated basis. Other segment items included in consolidated net income are depreciation, amortization, interest income (expense), net, loss on debt extinguishment, other income, net, and provision for (benefit from) income taxes, which are reflected on the condensed consolidated statements of operations. The following table presents information regarding the components of revenue, significant segment expenses and consolidated net income (loss) representative of the significant categories regularly provided to the CODM when managing the Company’s one operating segment:Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Net sales:Residential roofing products$1,351.7 $— $2,281.5 $— Non-residential roofing products734.0 — 1,269.5 — Complementary building products628.5 — 1,054.6 — Software products and services14.1 13.1 42.5 42.1 Total net sales$2,728.3 $13.1 $4,648.1 $42.1 Less:Cost of products sold$2,092.5 $7.6 $3,605.3 $25.1 Selling, general administrative expenses(1)421.4 25.0 837.4 40.0 Stock-based compensation31.1 14.0 116.3 14.0 Other segment items322.7 (50.7)278.3 (53.7)Net (loss) income$(139.4)$17.2 $(189.2)$16.7 (1) Excludes stock-based compensation.Geographic Information

Net sales in the U.S. accounted for approximately 97% of total net sales for the three and nine months ended September 30, 2025, and approximately 97% of the Company’s long-lived assets were in the U.S. as of September