QXO, Inc.

QXO · Mid cap · 9 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$6.8B	$56.9M	$54.5M	$45.0M	$41.7M
Cost of revenue	$5.3B	$33.8M	$32.9M	$27.0M	$24.5M
Gross profit	$1.6B	$23.1M	$21.6M	$18.0M	$17.2M
Selling, general & administrative	$1.4B	$93.0M	$22.1M	—	—
Operating expenses	$1.8B	$94.1M	$22.9M	$18.3M	$17.4M
Operating income	-$245.2M	-$71.0M	-$1.3M	-$385,379	-$230,986
Interest expense	$173.5M	$100,000	$55,666	$89,024	$46,802
Pretax income	-$337.1M	$50.8M	-$1.4M	-$474,403	$43,571
Income tax expense	-$57.7M	$22.8M	-$297,000	-$192,184	$178,005
Net income	-$279.4M	$28.0M	-$1.1M	-$282,219	-$134,434
Balance Sheet
Cash and equivalents	$2.4B	$5.1B	$6.1M	$8.0M	$6.8M
Current assets	$5.5B	$5.1B	$11.8M	$13.7M	$10.7M
Total assets	$15.9B	$5.1B	$20.5M	$21.4M	$18.0M
Current liabilities	$1.6B	$45.1M	$11.5M	$10.8M	$7.4M
Total liabilities	$6.2B	$45.4M	$13.0M	$11.9M	$8.6M
Total debt	$3.1B	—	—	—	—
Stockholders' equity	$9.7B	$5.1B	$7.5M	$9.6M	$9.4M
Cash Flow Statement
Cash from operations	$261.4M	$84.8M	$584,000	$2.0M	$226,034
Depreciation and amortization	$108.4M	$200,000	$828,000	$386,847	$346,202
Stock-based compensation	$144.5M	$34.4M	$41,000	$180,260	$441,310
Capital expenditure	$78.2M	$102,000	$121,000	$38,742	$114,761
Free cash flow	$183.2M	$84.7M	$463,000	$2.0M	$111,273
Dividends paid	$0	$17.4M	$1.1M	$0	$3.1M

Shares outstanding 725.2M

Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.