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Dec 31, 2024
QXO Q4 2024 Earnings Report
QXO's Q4 2024 earnings were reported, revealing a net income of $11.3 million inclusive of interest income, while adjusted EBITDA showed a loss of $(7.7) million.
Key Takeaways
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.
Total revenue remained consistent at $14.7 million compared to the same period in 2023.
Software product revenue increased to $5.0 million from $4.6 million in Q4 2023.
Service and other revenue decreased to $9.8 million from $10.1 million in Q4 2023.
Cash on hand as of December 31, 2024, was approximately $5.1 billion with no debt.
QXO
QXO
QXO Revenue by Segment
Revenue by Segment
Software products and services Revenue
CapyFin.com Forward Guidance
QXO is targeting tens of billions of dollars of annual revenue in the next decade through accretive acquisitions and organic growth.