QXO Earnings Reports

QXO, Inc. reported a net income of $8.755 million for the first quarter of 2025, a significant increase from $0.138 million in the prior year. Total revenue decreased by 6.4% to $13.508 million, primarily due to the phasing out of legacy systems. The company's cash and cash equivalents stood at $5.081 billion, reflecting recent equity investments and private placements. Operating expenses saw a substantial increase due to new senior management and acquisition-related costs.

QXO reported Q4 2024 total revenue of $14.7 million. Net income, inclusive of $61.4 million interest income, was $11.3 million. Adjusted EBITDA was a loss of $(7.7) million.

QXO reported a mixed Q3 2024 with a slight decrease in total revenue but a significant increase in net income due to interest income. Adjusted EBITDA was negative, impacted by higher employee-related costs from a new senior management team. The company completed private placements, raising $4.1 billion, and holds over $5 billion in cash.

QXO reported a revenue increase to $14.54 million compared to $13.26 million in the same quarter last year. However, the company experienced a net loss of $591,000, a significant shift from the net income of $344,000 reported in the prior year. The decline in profitability was attributed to higher employee-related costs associated with the new senior management team.