QXO (QXO, Inc.) Stock Financials & Earnings | Market Cap Arena

QXO (QXO, Inc.) Stock Financials & Earnings | Market Cap Arena

QXOQXO, Inc.

Mkt Cap$16B

Industrials·Industrial - Distribution·🇺🇸 United States·NYSE

Revenue (TTM)$6.8B

Net Income (TTM)-$279M

EPS (TTM)-$0.63

Free Cash Flow (TTM)$183M

Gross Margin23.0%

Op. Margin-3.6%

Net Margin-4.1%

FCF Margin2.7%

P/S Ratio (TTM)2.3x

P/E Ratio (TTM)—

YoY Rev Growth+11938.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$13M	$5M	$370K
Q2 23	$13M	$5M	$456K
Q3 23	$13M	$5M	$427K
Q4 23	$15M	$6M	$421K
Q1 24	$14M	$6M	$228K
Q2 24	$15M	$6M	-$4M
Q3 24	$13M	$5M	-$34M
Q4 24	$15M	$6M	-$33M
Q1 25	$14M	$5M	-$39M
Q2 25	$1.9B	$402M	-$162M
Q3 25	$2.7B	$636M	$26M
Q4 25	$2.2B	$530M	-$70M

Valuation

Quarter	P/S	P/E
Q1 23	329.8x	432293.4x
Q2 23	312.5x	33208.5x
Q3 23	297.5x	—
Q4 23	284.9x	—
Q1 24	278.2x	—
Q2 24	272.2x	—
Q3 24	273.4x	905.2x
Q4 24	273.3x	554.2x
Q1 25	277.8x	423.8x
Q2 25	8.0x	—
Q3 25	3.3x	—
Q4 25	2.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$783K	-$788K
Q2 23	$459K	$440K
Q3 23	$1M	$1M
Q4 23	-$234K	-$280K
Q1 24	$365K	$304K
Q2 24	-$1M	-$1M
Q3 24	$32M	$32M
Q4 24	$54M	$54M
Q1 25	$37M	$36M
Q2 25	-$174M	-$193M
Q3 25	$213M	$182M
Q4 25	$187M	$158M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$5K
Q2 23	$19K
Q3 23	$51K
Q4 23	$46K
Q1 24	$61K
Q2 24	$1K
Q3 24	$2K
Q4 24	$38K
Q1 25	$805K
Q2 25	$19M
Q3 25	$30M
Q4 25	$28M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+19.1%	+15.5%
Q2 23	+24.6%	+19.4%
Q3 23	+23.0%	+17.8%
Q4 23	+18.6%	+13.6%
Q1 24	+10.0%	+11.4%
Q2 24	+9.4%	+46.9%
Q3 24	-2.0%	+261.5%
Q4 24	+0.2%	+234.9%
Q1 25	-6.4%	+271.6%
Q2 25	+13047.6%	+10902.7%
Q3 25	+20639.6%	+5652.3%
Q4 25	+14781.6%	+4631.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$41K	0.3%
Q2 23	-$497	-0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$14M	106.3%
Q4 24	$21M	139.2%
Q1 25	$20M	150.0%
Q2 25	$65M	3.4%
Q3 25	$31M	1.1%
Q4 25	$28M	1.3%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q1 23	$3M	$2M	—
Q2 23	$5M	—	—
Q3 23	$2M	$2M	—
Q4 23	$3M	$2M	—
Q1 24	$3M	$2M	—
Q2 24	$10M	—	—
Q3 24	$39M	—	—
Q4 24	—	—	$39M
Q1 25	—	—	$44M
Q2 25	—	—	$457M
Q3 25	—	—	$453M
Q4 25	—	—	$441M

Revenue Segments

Quarter	Reportable Segment
Q2 25	$1.9B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$7M	$0	$7M
Q2 23	$7M	$0	$7M
Q3 23	$7M	$0	$7M
Q4 23	$6M	$0	$6M
Q1 24	$6M	$0	$6M
Q2 24	$971M	$0	$971M
Q3 24	$5.0B	$0	$5.0B
Q4 24	$5.1B	$0	$5.1B
Q1 25	$5.1B	$0	$5.1B
Q2 25	$2.3B	$0	$2.3B
Q3 25	$2.3B	$0	$2.3B
Q4 25	$2.4B	$0	$2.4B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	329M	+0.0%
Q2 23	329M	+0.0%
Q3 23	329M	+0.0%
Q4 23	332M	+1.1%
Q1 24	332M	+0.0%
Q2 24	332M	-0.1%
Q3 24	359M	+8.1%
Q4 24	451M	+25.8%
Q1 25	451M	+0.0%
Q2 25	565M	+25.1%
Q3 25	7M	-98.7%
Q4 25	6M	-14.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$215K	100
FY 15	$199K	139
FY 16	$232K	147
FY 17	$221K	158
FY 18	$203K	178
FY 19	$245K	157
FY 20	$250K	165
FY 21	$253K	165
FY 22	$262K	172
FY 23	$280K	195
FY 24	$270K	211
FY 25	$878K	8K