Company: QXO-PB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050298
Chunk: 77

Company: QXO, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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 not recalculate due to rounding)Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Basic and diluted earnings (loss) per common share computation:Net (loss) income$(139.4)$17.2 $(189.2)$16.7 Less: Convertible Preferred Stock dividend(22.5)(22.5)(67.5)(28.5)Less: Mandatory Convertible Preferred Stock dividend(7.9)— (11.0)— Less: Undistributed earnings allocated to participating securities— — — — Net (loss) attributable to common shareholders$(169.8)$(5.3)$(267.7)$(11.8)Weighted-average common shares673.3 325.0 536.1 109.6 Weighted average Pre-Funded Warrants42.0 33.8 42.0 11.3 Total weighted-average common shares outstanding715.3 358.8 578.1 120.9 Basic and diluted loss per common share$(0.24)$(0.01)$(0.46)$(0.10)The following table includes the number of shares that may be dilutive common shares in the future. These shares were not included in the computation of diluted net income (loss) per common share because the effect was either anti-dilutive or the requisite performance conditions were not met:Three Months Ended September 30,Nine Months Ended September 30,(in millions)2025202420252024Convertible Preferred Stock219.0 219.0 219.0 219.0 Mandatory Convertible Preferred Stock28.4 — 33.8 — Warrants219.0 219.0 219.0 219.0 Stock-based awards29.4 21.7 29.4 21.7 Total potential dilutive securities not included in loss per common share495.8 459.7 501.2 459.7 

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8. Stock-based Compensation

At the special meeting of the Company’s stockholders on May 30, 2024, the stockholders approved the QXO, Inc. 2024 Omnibus Incentive Plan (the “2024 Plan”). The 2024 Plan provides for the grant of options intended to qualify as incentive stock options (“ISOs”), nonqualified stock options (“NSOs”), stock appreciation