QXO, Inc.
NYSE:QXO · New York Stock Exchange
-$0.45 today
Vol 16.06M · Avg 14.69M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:QXO · Revenue to Net Income
Key Ratios
Analysis
$8.6B of revenue converted into -$515.2M of net income for the selected period. Gross margin is 16.0% and net margin is -6.4%, showing how much revenue survives after costs and taxes. EPS is $-0.91, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.8B +11930.7% | $56.9M +4.3% | $54.5M +21.2% | $45.0M +7.9% | $41.7M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $5.7B +16672.0% | $33.9M +3.2% | $32.9M +21.8% | $27.0M +10.3% | $24.5M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.1B +4913.1% | $22.9M +6.1% | $21.6M +20.3% | $18.0M +4.4% | $17.2M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 16.8% -23.5pp | 40.3% +0.7pp | 39.6% -0.3pp | 39.9% -1.3pp | 41.3% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $1.2B +1238.1% | $90.2M +371.8% | $19.1M +9.9% | $17.4M +5.0% | $16.6M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $1.2B +1184.5% | $93.9M +309.7% | $22.9M +25.0% | $18.3M +5.2% | $17.4M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $423.1M +37609.4% | $1.1M +12.1% | $1.0M -43.0% | $1.8M +25.9% | $1.4M | $374.2M | $1.2B | $631.8M |
| EBITDA | $259.5M +399.1% | $52.0M +18029.0% | -$290.0K -121.2% | $1.4M -7.7% | $1.5M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 3.8% -87.6pp | 91.4% +92.0pp | -0.5% -3.6pp | 3.0% -0.5pp | 3.6% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$57.0M +19.7% | -$71.0M -5315.7% | -$1.3M -240.2% | -$385.4K -66.8% | -$231.0K | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -0.8% +124.0pp | -124.8% -122.4pp | -2.4% -1.5pp | -0.9% -0.3pp | -0.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $125.8M +3.2% | $121.9M | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $173.5M +289066.7% | $60.0K +7.8% | $55.7K -37.5% | $89.0K +90.2% | $46.8K | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$280.1M -329.9% | $121.8M +217621.4% | -$56.0K +37.1% | -$89.0K -132.4% | $274.6K | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$337.1M -763.4% | $50.8M +3817.0% | -$1.4M -188.2% | -$474.4K -1188.8% | $43.6K | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -4.9% -94.3pp | 89.3% +91.9pp | -2.5% -1.5pp | -1.1% -1.2pp | 0.1% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$57.7M -352.6% | $22.8M +7791.2% | -$297.0K -54.5% | -$192.2K -208.0% | $178.0K | $1.3B | -$1.6B | $745.2M |
| Net Income | -$279.4M -1099.0% | $28.0M +2713.9% | -$1.1M -279.1% | -$282.2K -109.9% | -$134.4K | $4.9B | $4.8B | $4.7B |
| Net Margin | -4.1% -53.3pp | 49.2% +51.1pp | -2.0% -1.3pp | -0.6% -0.3pp | -0.3% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$1 -472.7% | -$0 +93.3% | -$2 -307.5% | -$0 -90.5% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$1 -472.7% | -$0 +93.3% | -$2 -307.5% | -$0 -90.5% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $613.0M +50.2% | $408.0M +24.1% | $328.7M +1.8% | $322.9M +2.8% | $314.2M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $613.0M +50.2% | $408.0M +24.1% | $328.7M +1.8% | $322.9M +2.8% | $314.2M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Joint Stock Company Kaspi.kz
NASDAQ:KSPI
$15.82B
Dynatrace, Inc.
NYSE:DT
$12.02B
Dayforce Inc
DAY
$11.18B
Bentley Systems, Incorporated
NASDAQ:BSY
$8.58B
DocuSign, Inc.
NASDAQ:DOCU
$8.13B
Manhattan Associates, Inc.
NASDAQ:MANH
$7.82B
SailPoint, Inc.
NASDAQ:SAIL
$7.49B
Paycom Software, Inc.
NYSE:PAYC
$6.75B
Procore Technologies, Inc.
NYSE:PCOR
$6.05B
Duolingo, Inc.
NASDAQ:DUOL
$5.75B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does QXO generate?
QXO, Inc. (QXO) reported $6.84B of revenue in fiscal 2025.
Is QXO profitable?
QXO, Inc. (QXO) reported -$279,400,000.00 of net income, with a net margin of -4.1%.
Explore More
Continue the stock analysis
Jump to another research area for this company.