What is QXO Inc's earnings per share (EPS)?

QXO Inc (QXO) reported diluted earnings per share of $-0.63 for fiscal year 2025. This represents a -472.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

QXO Inc Financials

QXO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows QXO Inc (QXO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 53/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

QXO Inc has an operating margin of -3.6%, meaning the company retains $-4 of operating profit per $100 of revenue. This below-average margin results in a low score of 14/100, suggesting thin profitability after operating expenses. This is up from -124.8% the prior year.

Growth

100

QXO Inc's revenue surged 11925.0% year-over-year to $6.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

QXO Inc carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 3.58, QXO Inc holds $3.58 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.

Cash Flow

QXO Inc has a free cash flow margin of 2.7%, earning a moderate score of 32/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

QXO Inc generates a -2.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 5/100. This is down from 0.5% the prior year.

Piotroski F-Score Neutral

4/9

QXO Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.94x

For every $1 of reported earnings, QXO Inc generates $-0.94 in operating cash flow ($261K OCF vs -$279K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-1.4x

QXO Inc earns $-1.4 in operating income for every $1 of interest expense (-$245K vs $174K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.8M

YoY+11925.0%

5Y CAGR-30.2%

10Y CAGR-13.0%

QXO Inc generated $6.8M in revenue in fiscal year 2025. This represents an increase of 11925.0% from the prior year.

EBITDA

-$137K

YoY-93.2%

QXO Inc's EBITDA was -$137K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 93.2% from the prior year.

Net Income

-$279K

YoY-1097.9%

QXO Inc reported -$279K in net income in fiscal year 2025. This represents a decrease of 1097.9% from the prior year.

EPS (Diluted)

$-0.63

YoY-472.7%

QXO Inc earned $-0.63 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 472.7% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$183K

YoY+116.3%

5Y CAGR-35.2%

10Y CAGR+12.0%

QXO Inc generated $183K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 116.3% from the prior year.

Cash & Debt

$2.4M

YoY-53.4%

5Y CAGR-18.6%

10Y CAGR+7.1%

QXO Inc held $2.4M in cash against $3.1M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

675M

YoY+64.8%

QXO Inc had 675M shares outstanding in fiscal year 2025. This represents an increase of 64.8% from the prior year.

Margins & Returns

Gross Margin

23.0%

YoY-17.6pp

5Y CAGR-17.2pp

10Y CAGR-16.2pp

QXO Inc's gross margin was 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 17.6 percentage points from the prior year.

Operating Margin

-3.6%

YoY+121.2pp

5Y CAGR-4.1pp

10Y CAGR-4.9pp

QXO Inc's operating margin was -3.6% in fiscal year 2025, reflecting core business profitability. This is up 121.2 percentage points from the prior year.

Net Margin

-4.1%

YoY-53.3pp

5Y CAGR-4.5pp

10Y CAGR-5.4pp

QXO Inc's net profit margin was -4.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 53.3 percentage points from the prior year.

Return on Equity

-2.9%

YoY-3.4pp

5Y CAGR-5.3pp

10Y CAGR-26.9pp

QXO Inc's ROE was -2.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$78K

YoY+76566.7%

5Y CAGR-8.9%

10Y CAGR+1.5%

QXO Inc invested $78K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 76566.7% from the prior year.

QXO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$6.8M+11925.0%	$57K-99.9%	$54.5M+21.2%	$45.0M+7.9%	$41.7M+1.2%	$41.2M
Cost of Revenue	$5.3M+15490.2%	$34K-99.9%	$32.9M+21.8%	$27.0M+10.3%	$24.5M-0.6%	$24.6M
Gross Profit	$1.6M+6708.2%	$23K-99.9%	$21.6M+20.3%	$18.0M+4.4%	$17.2M+3.8%	$16.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4M+1399.8%	$93K-99.6%	$22.1M+133.3%	$9.5M+0.7%	$9.4M+13.6%	$8.3M
Operating Income	-$245K-245.4%	-$71K+94.6%	-$1.3M-240.2%	-$385K-66.8%	-$231K-203.4%	$223K
Interest Expense	$174K+173400.0%	$100-99.8%	$56K-37.5%	$89K+90.2%	$47K+443.7%	-$14K
Income Tax	-$58K-353.1%	$23K+107.7%	-$297K-54.5%	-$192K-208.0%	$178K+275.6%	$47K
Net Income	-$279K-1097.9%	$28K+102.6%	-$1.1M-279.1%	-$282K-109.9%	-$134K-176.5%	$176K
EPS (Diluted)	$-0.63-472.7%	$-0.11+93.3%	$-1.63	$-0.05-66.7%	$-0.03-175.0%	$0.04

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	$2.7M+43.1%	$1.9M+14013.1%	$14K	N/A	$13K-9.7%	$15K+0.4%	$14K
Cost of Revenue	N/A	$2.1M+39.1%	$1.5M+18426.2%	$8K	N/A	$8K-12.6%	$9K-0.9%	$9K
Gross Profit	N/A	$636K+58.3%	$402K+7358.2%	$5K	N/A	$6K-5.2%	$6K+2.5%	$6K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$453K-0.9%	$457K+928.3%	$44K	N/A	$39K+298.0%	$10K+88.8%	$5K
Operating Income	N/A	$26K+115.9%	-$162K-312.6%	-$39K	N/A	-$34K-683.7%	-$4K-1986.0%	$228
Interest Expense	N/A	$62K+18.7%	$53K+874900.0%	$6	N/A	$0	$0-100.0%	$20
Income Tax	N/A	$129K+172.5%	-$178K-2188.8%	$9K	N/A	$6K+3150.0%	-$200-385.7%	$70
Net Income	N/A	-$139K-138.3%	-$59K-768.2%	$9K	N/A	$17K+2966.7%	-$600-534.8%	$138
EPS (Diluted)	N/A	$-0.24-60.0%	$-0.15-400.0%	$-0.03	N/A	$-0.01+99.9%	$-9.93	$0.21

QXO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$15.9M+211.6%	$5.1M-75.1%	$20.5M-4.4%	$21.4M+19.1%	$18.0M+13.2%	$15.9M
Current Assets	$5.5M+9.0%	$5.1M-56.9%	$11.8M-13.9%	$13.7M+27.9%	$10.7M+24.1%	$8.6M
Cash & Equivalents	$2.4M-53.4%	$5.1M-17.5%	$6.1M-23.3%	$8.0M+17.5%	$6.8M+3.3%	$6.6M
Inventory	$1.5B	$0	N/A	N/A	N/A	N/A
Accounts Receivable	$1.1M-57.6%	$2.7M-9.1%	$3.0M+33.0%	$2.2M+15.9%	$1.9M+21.9%	$1.6M
Goodwill	$5.1M+325.9%	$1.2M+5.3%	$1.1M0.0%	$1.1M+12.6%	$1.0M0.0%	$1.0M
Total Liabilities	$6.2M+13513.4%	$45K-99.7%	$13.0M+9.6%	$11.9M+37.5%	$8.6M+0.2%	$8.6M
Current Liabilities	$1.6M-96.6%	$45.1M+291.4%	$11.5M+7.2%	$10.8M+45.5%	$7.4M+9.8%	$6.7M
Long-Term Debt	$3.1M	$0-100.0%	$994K+48.1%	$671K+44.7%	$464K+59.4%	$291K
Total Equity	$9.7M+92.1%	$5.1M-32.6%	$7.5M-21.5%	$9.6M+2.1%	$9.4M+28.5%	$7.3M
Retained Earnings	-$394.5M-6262.9%	-$6.2M-218.3%	-$1.9M-122.2%	-$877K-47.5%	-$594K-29.2%	-$460K

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$15.9B-4.5%	$16.6B-2.8%	$17.1B+234.7%	$5.1B+0.3%	$5.1B+0.7%	$5.1B+412.4%	$988.2M+4637.5%	$20.9M
Current Assets	$5.5B+89136.2%	$6.2M-4.3%	$6.5M+27.2%	$5.1M-99.9%	$5.1B+100571.7%	$5.1M+416.0%	$980K+7722.4%	$13K
Cash & Equivalents	$2.4B+102271.1%	$2.3M+1.2%	$2.3M-55.2%	$5.1M-99.9%	$5.1B+100523.1%	$5.0M+418.6%	$971K+15367.4%	$6K
Inventory	$1.5B+89892.8%	$1.7M-10.0%	$1.8M	N/A	$0	N/A	N/A	N/A
Accounts Receivable	$1.1B+73191.1%	$1.6M-0.8%	$1.6M+48577.8%	$3K-99.9%	$2.7M+120651.3%	$2K-25.8%	$3K+13.3%	$3K
Goodwill	$5.1B+100698.7%	$5.1M-1.3%	$5.1M+442822.4%	$1K-99.9%	$1.2M+103348.3%	$1K+1.8%	$1K0.0%	$1K
Total Liabilities	$6.2B-9.4%	$6.8B-5.2%	$7.2B+13285.3%	$53.8M+18.5%	$45.4M+128.3%	$19.9M+17.3%	$16.9M+27.9%	$13.2M
Current Liabilities	$1.6B+76097.0%	$2.0M-6.1%	$2.2M+3940.3%	$54K-99.9%	$45.1M+230625.9%	$20K+23.4%	$16K+32.4%	$12K
Long-Term Debt	$3.1B+0.1%	$3.1B0.0%	$3.1B	N/A	$0	$0-100.0%	$693K-17.9%	$844K
Total Equity	$9.7B+98728.1%	$9.8M-0.9%	$9.9M+96.0%	$5.1M-99.9%	$5.1B+100082.4%	$5.0M+419.3%	$971K+12678.9%	$8K
Retained Earnings	-$394.5M-143930.7%	-$274K-163.1%	-$104K-421.2%	-$20K+99.7%	-$6.2M-124548.0%	$5K+307.6%	-$2K-32.7%	-$2K

QXO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$261K+208.3%	$85K-85.5%	$584K-71.3%	$2.0M+801.8%	$226K-86.9%	$1.7M
Capital Expenditures	$78K+76566.7%	$102-99.9%	$121K+212.3%	$39K-66.2%	$115K-8.0%	$125K
Free Cash Flow	$183K+116.3%	$85K-81.7%	$463K-76.8%	$2.0M+1697.1%	$111K-93.1%	$1.6M
Investing Cash Flow	-$10.6M-10630200.0%	-$100+100.0%	-$400K-111.9%	-$189K+63.0%	-$510K-160.8%	$840K
Financing Cash Flow	$7.7M+53.8%	$5.0M+343.0%	-$2.0M-212.9%	-$655K-230.2%	$503K+110.9%	-$4.6M
Dividends Paid	$0-100.0%	$17K-98.3%	$1.1M	$0-100.0%	$3.1M-23.9%	$4.1M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$186.6M+87711.8%	$213K+222.0%	-$174K-577.2%	$37K-99.9%	$53.9M+170469.6%	$32K+3067.1%	-$1K-391.8%	$365
Capital Expenditures	$28.4M+94252.2%	$30K+53.9%	$20K+13293.2%	$146-92.7%	$2K	$0-100.0%	$39-36.1%	$61
Free Cash Flow	$158.2M+86632.5%	$182K+194.1%	-$194K-632.9%	$36K-99.9%	$53.9M+170463.3%	$32K+2962.3%	-$1K-463.2%	$304
Investing Cash Flow	-$25.9M-89210.3%	-$29K+99.7%	-$10.6M-1313514.3%	-$805	$0	$0+100.0%	-$39+36.1%	-$61
Financing Cash Flow	-$105.8M-68114.1%	-$155K-102.0%	$7.9M+35368.0%	-$23K+99.9%	-$22.5M-657.2%	$4.0M+318.0%	$966K+571738.5%	-$169
Dividends Paid	$0	$0	N/A	N/A	$0	$0	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

QXO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	23.0%-17.6pp	40.6%+1.0pp	39.6%-0.3pp	39.9%-1.3pp	41.3%+1.0pp	40.2%
Operating Margin	-3.6%+121.2pp	-124.8%-122.4pp	-2.4%-1.5pp	-0.9%-0.3pp	-0.5%-1.1pp	0.5%
Net Margin	-4.1%-53.3pp	49.2%+51.2pp	-2.0%-1.3pp	-0.6%-0.3pp	-0.3%-0.8pp	0.4%
Return on Equity	-2.9%-3.4pp	0.5%+14.8pp	-14.3%-11.3pp	-2.9%-1.5pp	-1.4%-3.9pp	2.4%
Return on Assets	-1.8%-2.3pp	0.5%+5.8pp	-5.2%-3.9pp	-1.3%-0.6pp	-0.8%-1.8pp	1.1%
Current Ratio	3.58+3.5	0.11-0.9	1.02-0.3	1.27-0.2	1.45+0.2	1.28
Debt-to-Equity	0.32+0.3	0.00-0.1	0.13+0.1	0.07+0.0	0.050.0	0.04
FCF Margin	2.7%-146.2pp	148.8%+148.0pp	0.9%-3.6pp	4.5%+4.2pp	0.3%-3.6pp	3.9%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	23.3%+2.2pp	21.1%-18.8pp	39.9%	N/A	42.0%+2.0pp	40.0%+0.8pp	39.2%
Operating Margin	N/A	0.9%+9.4pp	-8.5%+282.3pp	-290.8%	N/A	-257.3%-227.6pp	-29.7%-31.2pp	1.6%
Net Margin	N/A	-5.1%-2.0pp	-3.1%-67.9pp	64.8%	N/A	131.3%+135.4pp	-4.1%-5.1pp	1.0%
Return on Equity	N/A	-1.4%-0.8pp	-0.6%-0.8pp	0.2%	N/A	0.3%+0.4pp	-0.1%-1.9pp	1.8%
Return on Assets	N/A	0.0%0.0pp	0.0%0.0pp	0.0%	N/A	0.0%0.0pp	0.0%0.0pp	0.0%
Current Ratio	3.58+0.5	3.06+0.1	3.00-92.2	95.23-17.6	112.85-145.8	258.64+196.8	61.84+60.8	1.05
Debt-to-Equity	0.320.0	0.310.0	0.31+0.3	0.01+0.0	0.000.0	0.000.0	0.00-0.1	0.11
FCF Margin	N/A	6.7%+16.8pp	-10.2%-279.3pp	269.2%	N/A	241.2%+248.8pp	-7.6%-9.7pp	2.1%

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Frequently Asked Questions

What is QXO Inc's annual revenue?

QXO Inc (QXO) reported $6.8M in total revenue for fiscal year 2025. This represents a 11925.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is QXO Inc's revenue growing?

QXO Inc (QXO) revenue grew by 11925% year-over-year, from $57K to $6.8M in fiscal year 2025.

Is QXO Inc profitable?

No, QXO Inc (QXO) reported a net income of -$279K in fiscal year 2025, with a net profit margin of -4.1%.

What is QXO Inc's EBITDA?

QXO Inc (QXO) had EBITDA of -$137K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does QXO Inc have?

As of fiscal year 2025, QXO Inc (QXO) had $2.4M in cash and equivalents against $3.1M in long-term debt.

What is QXO Inc's gross margin?

QXO Inc (QXO) had a gross margin of 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is QXO Inc's operating margin?

QXO Inc (QXO) had an operating margin of -3.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is QXO Inc's net profit margin?

QXO Inc (QXO) had a net profit margin of -4.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is QXO Inc's return on equity (ROE)?

QXO Inc (QXO) has a return on equity of -2.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is QXO Inc's free cash flow?

QXO Inc (QXO) generated $183K in free cash flow during fiscal year 2025. This represents a 116.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is QXO Inc's operating cash flow?

QXO Inc (QXO) generated $261K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are QXO Inc's total assets?

QXO Inc (QXO) had $15.9M in total assets as of fiscal year 2025, including both current and long-term assets.

What are QXO Inc's capital expenditures?

QXO Inc (QXO) invested $78K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does QXO Inc have outstanding?

QXO Inc (QXO) had 675M shares outstanding as of fiscal year 2025.

What is QXO Inc's current ratio?

QXO Inc (QXO) had a current ratio of 3.58 as of fiscal year 2025, which is generally considered healthy.

What is QXO Inc's debt-to-equity ratio?

QXO Inc (QXO) had a debt-to-equity ratio of 0.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is QXO Inc's return on assets (ROA)?

QXO Inc (QXO) had a return on assets of -1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is QXO Inc's Piotroski F-Score?

QXO Inc (QXO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are QXO Inc's earnings high quality?

QXO Inc (QXO) has an earnings quality ratio of -0.94x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can QXO Inc cover its interest payments?

QXO Inc (QXO) has an interest coverage ratio of -1.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is QXO Inc?

QXO Inc (QXO) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.