MARKETS / NYSE / QXO

NYSE · WHOLESALE-LUMBER & OTHER CONSTRUCTION MATERIALS · SMALL CAP

Qxo, Inc. QXO

16 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$6.8B

▲ 11925.0% YoY

Net income

$-279.4M

▼ 1097.9% YoY

Free cash flow

$183.2M

▲ 116.3% YoY

In brief

What this company does

Following the Beacon Acquisition, QXO, Inc. operates as a building products distribution company, distributing roofing, waterproofing and complementary building products in North America. Its QXO Building Products subsidiary has served the building industry for over 95 years and operates approximately 600 branches throughout all 50 states in the U.S. and seven provinces in Canada. QXO Building Products serves over 110,000 residential and non-residential customers with exterior products. For the year ended December 31, 2025, no single customer accounted for more than 1% of its net sales. As of December 31, 2025, it had 7,794 active employees. The Company was formerly known as SilverSun Technologies, Inc. and changed its name to QXO on June 6, 2024. On April 29, 2025, the Company completed its acquisition of Beacon Roofing Supply, Inc., pursuant to a merger agreement dated March 20, 2025.

Written from the business description in QXO, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 6.8B

Revenue, FY2025 · full 16-year series below

Revenue $B Net income $B

FY2025 · Revenue 6.8 · Net income -0.3

Compound annual growth

Revenue

+433.8%

+178.0%

+73.5%

+57.5%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +178.0% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−4 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating -3.6% · Net -4.1%

ROE

FY2025 · ROE -3.8%

Gross margin23.0%

Operating margin-3.6%

Net margin-4.1%

Return on assets-2.7%

EBITDAUSD -136.8M

Each USD of equity lost 4 cents this year.

Cash & shareholders

—

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 183.2

Net buybacks $M Dividends $M

FY2025 · Dividends 0.0 · Net buybacks —

Dividends paid—

Net buybacks—

Share of profit-0.0%

Consecutive raises—

Total assetsUSD 15.9B

EquityUSD 9.7B

CashUSD 2.4B

Gross debtUSD 3.1B

Net debtUSD 695.7M

Current ratio3.58×

Net debt stands at 7% of equity.

The 16-year record

16 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue $B	6.8	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Operating income $B	−0.2	−0.1	−0.0	−0.0	−0.0	0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	−0.0
EBITDA $B	−0.1	−0.1	−0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	−0.0
Income tax $B	−0.1	0.0	−0.0	−0.0	0.0	0.0	−0.0	−0.0	0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0
Net income $B	−0.3	0.0	−0.0	−0.0	−0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	−0.0	0.0	−0.0
Free cash flow $B	0.2	0.1	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	−0.0
EPS, diluted $	−0.63	−0.11	−1.63	−0.05	−0.03	0.04	1.51	0.06	−0.11	0.77	0.09	0.05	0.08	−0.01	0.02	−0.13
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	−0	62	−98	−0	−2292	2306	3	0	·	·	·	·	·	·	·	·
ROE %	−3.8	1.1	−12.6	−3.0	−1.6	2.2	102.7	6.1	·	·	·	·	·	·	·	·
Shares out B	0.67	0.41	0.00	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.12	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 80 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityWholesale-Lumber & Other Construction Materials

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2010