← QXO, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $34.1m | $34.9m | $41.0m | $38.5m | $41.2m | $41.7m | $45.0m | $54.5m | $56.9m | $6.8b | |
| Cost of Revenue | $21.4m | $21.0m | $24.1m | $23.8m | $24.6m | $24.5m | $27.0m | $32.9m | $33.9m | $5.3b | |
| Gross Profit | $12.7m | $13.9m | $16.9m | $14.7m | $16.6m | $17.2m | $18.0m | $21.6m | $23.1m | $1.6b | |
| Operating Expenses | $11.5m | $12.9m | $16.5m | $16.6m | $16.4m | $17.4m | $18.3m | $19.9m | $93.9m | $1.8b | |
| Operating Income (Loss) | $1.3m | $939k | $413k | ($1.9m) | $223k | ($231k) | ($385k) | $1.7m | ($71.0m) | ($245.2m) | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $452k | $365k | $377k | $382k | $392k | $531k | $733k | $672k | $875k | $314.7m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | — | — | — | $223k | $44k | $474k | $1.4m | $50.8m | ($350.2m) | |
| Income (Loss) from Continuing Operations, Per Basic Share | $1 | ($0) | $0 | ($0) | $0 | ($0) | ($0) | ($0) | ($0) | ($1) | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $1 | ($0) | $0 | ($0) | $0 | ($0) | ($0) | ($0) | ($0) | ($1) | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | $121.9m | $125.8m | |
| Other Income | $10k | $0 | — | $24k | $13k | $0 | — | — | — | — | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | — | — | — | — | — | $51.0m | $90.0m | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | — | — | — | — | — | — | — | — | $0 | $0 | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | $223k | $44k | ($474k) | ($1.4m) | $50.8m | ($337.1m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | ($1.5m) | $176k | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $8.3m | $0 | — | — | — | — | — | |
| Net Income (Loss) Attributable to Parent | — | — | — | $6.8m | $176k | ($134k) | ($282k) | ($1.1m) | $28.0m | ($279.4m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | $3.4m | ($486k) | $262k | ($1.5m) | $176k | ($134k) | ($282k) | ($1.1m) | ($23.0m) | ($388.3m) | |
| Earnings Per Share, Basic | $0.78 | ($0.11) | $0.06 | $1.51 | $0.04 | ($0.03) | ($0.05) | ($0.20) | ($0.11) | ($0.63) | |
| Earnings Per Share, Diluted | $0.77 | ($0.11) | $0.06 | $1.51 | $0.04 | ($0.03) | ($0.05) | ($0.20) | ($0.11) | ($0.63) | |
| Weighted Average Number of Shares Outstanding, Basic | 4.4m | 4.5m | 4.5m | 4.5m | 4.5m | 5.0m | 5.2m | 5.3m | 204.0m | 613.0m | |
| Weighted Average Number of Shares Outstanding, Diluted | 4.5m | 4.5m | 4.7m | 4.5m | 4.5m | 5.0m | 5.2m | 5.3m | 204.0m | 613.0m | |
| Selling, General and Administrative Expense | — | — | — | — | — | — | — | $22.1m | $92.9m | $1.4b | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | — | $5.5m | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $60k | $173.5m | |
| Current Income Tax Expense (Benefit) | ($9k) | $342k | $38k | $0 | $212k | $130k | ($83k) | $40k | $24.0m | $3.3m | |
| General and Administrative Expense | $6.4m | $7.4m | $9.0m | $8.8m | $8.3m | $9.4m | $9.5m | $10.2m | — | — | |
| Interest Expense | — | — | — | — | — | — | $89k | $56k | — | — | |
| Nonoperating Income (Expense) | ($55k) | ($32k) | ($42k) | ($16k) | ($347) | $275k | ($89k) | ($3.0m) | $121.8m | — | |
| Operating Lease, Expense | — | — | — | — | — | $617k | $487k | $414k | — | — | |
| Selling and Marketing Expense | $4.4m | $4.8m | $6.8m | $6.8m | $7.4m | $6.7m | $7.7m | $8.9m | — | — | |
| Income Tax Expense (Benefit) | ($2.2m) | $1.4m | $109k | ($455k) | $47k | $178k | ($192k) | ($297k) | $22.8m | ($57.7m) | |
| Interest Income (Expense), Net | ($65k) | ($32k) | ($42k) | ($40k) | ($14k) | ($47k) | — | $56k | $121.8m | $47.7m | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | — | — | — | $56k | $121.8m | ($47.7m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.