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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›QXO›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

QXO, Inc. (QXO) financials

Income statement

QXO, Inc. (QXO) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$34.1M$34.9M$36.1M$38.5M$41.2M$41.7M$45.0M$54.5M$56.9M$6.84B
Revenue growth—2.1%3.6%6.6%7.1%1.2%7.9%21.2%4.4%11925.0%
Gross profit$12.7M$13.9M$13.9M$14.7M$16.6M$17.2M$18.0M$21.6M$23.1M$1.57B
Gross margin37.3%39.8%38.4%38.1%40.2%41.3%39.9%39.6%40.6%23.0%
Operating income$1.27M$939K-$1.16M-$1.91M$223K-$231K-$385K-$1.31M-$71.0M-$245M
Operating margin3.7%2.7%-3.2%-5.0%0.5%-0.6%-0.9%-2.4%-124.8%-3.6%
Net income$3.44M-$486K$262K$6.79M$176K-$134K-$282K-$1.07M$28.0M-$279M
Net margin10.1%-1.4%0.7%17.6%0.4%-0.3%-0.6%-2.0%49.2%-4.1%
EPS (diluted)$0.77-$0.11$0.06$1.51$0.04-$0.03-$0.05-$1.63-$0.11-$0.63

Cash flow

QXO, Inc. (QXO) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$1.79M$2.31M$1.29M-$903K$1.73M$226K$2.04M$584K$84.8M$261M
Capital expenditures$185K$241K$146K$70.7K$125K$0.00$150K$121K$100K$78.2M
Free cash flow$1.61M$2.07M$1.15M-$974K$1.60M$226K$1.89M$463K$84.7M$183M
Share buybacks—$0.00$3.66K$0.00——————
Dividends paid$265K$89.6K$225K$2.25M$1.80M$3.08M$0.00$1.05M$17.4M$0.00

Balance sheet

QXO, Inc. (QXO) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$1.62M$2.24M$1.90M$8.66M$6.60M$6.81M$8.01M$6.14M$5.07B$2.36B
Total assets$10.7M$10.4M$11.7M$19.0M$15.9M$18.0M$21.4M$20.5M$5.10B$15.9B
Total liabilities$5.69M$6.19M$7.41M$10.1M$8.62M$8.64M$11.9M$13.0M$45.4M$6.18B
Long-term debt$486K$229K$73.9K$64.1K$291K$464K$671K$994K$0.00$3.06B
Shareholders' equity$4.97M$4.23M$4.33M$8.89M$7.28M$9.36M$9.55M$7.50M$5.05B$9.71B
Retained earnings-$7.21M-$7.69M-$7.43M-$636K-$460K-$594K-$877K-$1.95M-$6.20M-$395M
Shares (wtd avg diluted)4.47M4.49M4.50M4.50M4.50M5.03M5.17M657K204M613M

Every figure is extracted from QXO, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is QXO, Inc.'s annual revenue?
QXO, Inc. (QXO) reported $6.84B of revenue for fiscal year 2025 — up 11925.0% from $56.9M in FY2024, per its annual report filed with the SEC.
Is QXO, Inc. profitable?
Not in FY2025 — QXO reported a net loss of $279M, per SEC filings.
What is QXO, Inc.'s free cash flow?
$183M in FY2025 (operating cash flow $261M minus $78.2M of capital expenditures), from the SEC cash-flow statement.
Does QXO pay a dividend?
QXO, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full QXO analysis — verdict, score & filings →Is QXO a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.