Company: QXO-PB
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001140361-25-014566
Chunk: 55

Company: QXO, Inc.
Filing Date: 2025-04-18
Form: 424B5
Chunk 55
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 |                         |     |         |
| Weighted-average common shares outstanding - Basic                        |     |                    62.5 |     |    63.7 |
| Effect of common share equivalents                                        |     |                     1.2 |     |       — |
| Weighted-average common shares outstanding - Diluted                      |     |                    63.7 |     |    63.7 |
| Net income (loss) per common share:                                       |     |                         |     |         |
| Basic                                                                     |     |                   $5.78 |     | $(0.43) |
| Diluted                                                                   |     |                   $5.68 |     | $(0.43) |

S-34

TABLE OF CONTENTS

Non-GAAP Financial Measures To provide investors with additional information regarding its financial results, Beacon prepares certain financial measures that are not calculated in accordance with GAAP, specifically:

| • | Adjusted Operating Expense. Adjusted Operating Expense is defined as operating expense excluding the impact of the adjusting items (as described below). |

| • | Adjusted Net Income (Loss). Adjusted Net Income (Loss) is defined as net income (loss), excluding the impact of the adjusting items (as described below). |

| • | Adjusted EBITDA. Adjusted EBITDA is defined as net income (loss), excluding the impact of interest expense (net of interest income), income taxes, depreciation and amortization, stock-based compensation, and the adjusting items (as described below). |

Beacon uses these supplemental non-GAAP measures to evaluate financial performance, analyze the underlying trends in its business and establish operational goals and forecasts that are used when allocating resources. Beacon expects to compute its non-GAAP financial measures consistently using the same methods each period. The Company believes these non-GAAP measures are useful measures because they permit investors to better understand changes over comparative periods by providing financial results that are unaffected by certain items that are not indicative of ongoing operating performance. While the Company believes that these non-GAAP measures are useful to investors when evaluating its business, they are not prepared and presented in accordance with GAAP, and therefore should be considered supplemental in nature. These non-GAAP measures should not be considered in isolation or as a substitute for other financial performance measures presented in accordance with GAAP. These non-GAAP financial measures may have material limitations including, but not limited to, the exclusion of certain costs without a corresponding reduction of net income for the income generated by the assets to which the excluded costs relate