QXO financial statements

The full income statement, balance sheet, and cash-flow statement for QXO Inc. (QXO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-03 664.4M2024-06 409.4M2024-09 409.4M2024-12 409.4M2025-03 518.7M2025-06 673.6M2025-09 674.4M2025-12 708.6M2026-03 725.2M+9.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	6.84B YoY+11925.0%	56.9M YoY+4.4%	54.5M YoY+21.2%	45.0M YoY+7.9%	41.7M YoY+1.2%
	1.57B YoY+6708.2%	23.1M YoY+6.9%	21.6M YoY+20.3%	18.0M YoY+4.4%	17.2M YoY+3.8%
Cost of revenue	5.27B YoY+15425.5%	33.9M YoY+3.2%	32.9M YoY+21.8%	27.0M YoY+10.3%	24.5M YoY-0.6%
	1.82B YoY+1831.9%	94.1M YoY+310.5%	22.9M YoY+25.0%	18.3M YoY+5.2%	17.4M YoY+6.6%
Selling, general & administrative	1.39B YoY+1399.8%	93.0M YoY+810.2%	10.2M YoY+7.9%	9.47M YoY+0.7%	9.40M YoY+13.6%
General & administrative	—	—	10.2M YoY+7.9%	9.47M YoY+0.7%	9.40M YoY+13.6%
Selling & marketing	—	—	8.85M YoY+14.3%	7.75M YoY+15.3%	6.72M YoY-8.8%
Restructuring	101M	—	—	—	—
Amortization of intangibles	315M YoY+34866.7%	900K YoY+33.9%	672K YoY-8.3%	733K YoY+37.9%	531K YoY+35.6%
Provision for credit losses	13.8M	0.00 YoY-100.0%	115K YoY-28.1%	160K YoY+458.0%	-44.7K YoY-1865.2%
Operating income	-245M YoY-245.4%	-71.0M YoY-5315.7%	-1.31M YoY-240.2%	-385K YoY-66.8%	-231K YoY-203.4%
Interest expense	174M YoY+173400.0%	100K YoY+79.6%	55.7K YoY-37.5%	89.0K YoY+90.2%	46.8K
Interest & investment income	126M YoY+3.2%	122M YoY+609400.0%	20.0K	—	—
Net interest income	—	—	—	—	-46.8K YoY-243.7%
Other non-operating income	5.50M	0.00 YoY+100.0%	-56.0K YoY+37.1%	-89.0K YoY-132.4%	275K YoY+79223.1%
Pre-tax income	-337M YoY-763.6%	50.8M YoY+3816.2%	-1.37M YoY-188.2%	-474K YoY-1188.8%	43.6K YoY-80.5%
Income tax	-57.7M YoY-353.1%	22.8M YoY+7776.8%	-297K YoY-54.5%	-192K YoY-208.0%	178K YoY+275.6%
	-279M YoY-1097.9%	28.0M YoY+2716.8%	-1.07M YoY-279.1%	-282K YoY-109.9%	-134K YoY-176.5%
Preferred dividends	—	32.3M	—	—	—
Net income to common	-388M YoY-1588.3%	-23.0M YoY-2049.5%	-1.07M YoY-279.1%	-282K YoY-109.9%	-134K YoY-176.5%
	-$0.63 YoY-472.7%	-$0.11 YoY+93.3%	-$1.63 YoY-307.5%	-$0.40 YoY-66.7%	-$0.24 YoY-175.0%
EPS (basic)	-$0.63 YoY-472.7%	-$0.11 YoY+93.3%	-$1.63 YoY-307.5%	-$0.40 YoY-66.7%	-$0.24 YoY-175.0%
	613M YoY+200.5%	204M YoY+30950.2%	657K YoY+1.7%	646K YoY+2.8%	628K YoY+11.7%
	613M YoY+200.5%	204M YoY+30950.2%	657K YoY+1.7%	646K YoY+2.8%	628K YoY+11.7%
Dividends per share	—	$0.04 YoY-97.3%	$1.58	—	$4.80 YoY-25.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	5.55B YoY+9.0%	5.09B YoY+43046.8%	11.8M YoY-13.9%	13.7M YoY+27.9%	10.7M YoY+24.1%
Cash & equivalents	2.36B YoY-53.4%	5.07B YoY+82408.5%	6.14M YoY-23.3%	8.01M YoY+17.5%	6.81M YoY+3.3%
Accounts receivable	1.15B YoY+42311.1%	2.70M YoY-9.1%	2.97M YoY+33.0%	2.23M YoY+15.9%	1.93M YoY+21.9%
Inventory	1.50B	0.00	—	—	—
Prepaid expenses	83.7M YoY+354.9%	18.4M YoY+585.5%	2.68M YoY+70.6%	1.57M YoY-6.7%	1.69M YoY+320.6%
	15.9B YoY+211.6%	5.10B YoY+24775.8%	20.5M YoY-4.4%	21.4M YoY+19.1%	18.0M YoY+13.2%
Property, plant & equipment	—	—	503K YoY-29.2%	711K YoY+11.7%	637K YoY+21.8%
Operating lease right-of-use	690M YoY+229766.7%	300K YoY-42.5%	522K YoY+58.9%	329K YoY-66.0%	965K YoY-29.8%
Goodwill	5.11B YoY+425841.7%	1.20M YoY+5.3%	1.14M YoY+0.0%	1.14M YoY+12.6%	1.01M YoY+0.0%
Intangible assets	3.82B YoY+95377.5%	4.00M YoY-18.7%	4.92M YoY+15.3%	4.27M YoY+22.1%	3.49M YoY+11.7%
Deferred tax assets	0.00 YoY-100.0%	2.60M YoY+80.1%	1.44M YoY+30.6%	1.11M YoY+11.6%	991K YoY-4.6%
Other non-current assets	32.4M YoY+16100.0%	200K YoY+17.0%	171K YoY-8.8%	188K YoY-1.7%	191K YoY-4.0%
	1.55B YoY+3336.8%	45.1M YoY+291.4%	11.5M YoY+7.2%	10.8M YoY+45.5%	7.39M YoY+9.8%
Accounts payable	819M YoY+13109.7%	6.20M YoY+35.9%	4.56M YoY+39.4%	3.27M YoY+60.6%	2.04M YoY+8.7%
Accrued liabilities	574M YoY+1387.8%	38.6M YoY+1339.8%	2.68M YoY+10.2%	2.43M YoY+39.6%	1.74M YoY+31.0%
Deferred revenue	—	2.90M YoY-8.3%	3.16M YoY-15.9%	3.76M YoY+51.8%	2.48M YoY+21.4%
Short-term & current debt	—	2.90M YoY+313.1%	702K YoY+3.2%	680K YoY+131.6%	294K YoY+194.0%
Current lease liability	108M YoY+53650.0%	200K YoY-24.0%	263K YoY-2.0%	268K YoY-42.4%	466K YoY-3.2%
Finance lease liability (current)	49.2M YoY+49100.0%	100K YoY-35.1%	154K YoY-28.4%	215K YoY+29.1%	167K YoY+40.4%
	6.18B YoY+13513.4%	45.4M YoY+248.6%	13.0M YoY+9.6%	11.9M YoY+37.5%	8.64M YoY+0.2%
Long-term debt	3.06B	0.00 YoY-100.0%	994K YoY+48.1%	671K YoY+44.7%	464K YoY+59.4%
Non-current lease liability	562M YoY+561700.0%	100K YoY-61.4%	259K YoY+330.1%	60.2K YoY-87.9%	499K YoY-44.1%
Operating lease liability (total)	669M YoY+258317.0%	259K YoY-50.4%	522K YoY+58.8%	329K YoY-66.0%	965K YoY-29.8%
Finance lease liability (total)	188M YoY+58988.1%	318K YoY-20.8%	401K YoY-34.9%	616K YoY+74.7%	353K
Finance lease liability	139M YoY+69250.0%	200K YoY-19.0%	247K YoY-38.5%	401K YoY+115.5%	186K YoY+198.9%
Deferred tax liabilities	847M	0.00	—	—	—
Other non-current liabilities	25.5M	0.00	—	—	—
	9.71B YoY+92.1%	5.05B YoY+67272.0%	7.50M YoY-21.5%	9.55M YoY+2.1%	9.36M YoY+28.5%
Preferred stock	—	499M	0.00	—	—
Common stock	0.00	0.00	0.00 YoY-100.0%	53 YoY+1.9%	52 YoY+13.0%
Additional paid-in capital	9.05B YoY+98.4%	4.56B YoY+48318.1%	9.42M YoY-9.7%	10.4M YoY+4.8%	9.95M YoY+28.6%
Retained earnings	-395M YoY-6262.9%	-6.20M YoY-218.3%	-1.95M YoY-122.2%	-877K YoY-47.5%	-594K YoY-29.2%
Accumulated other comprehensive income	-2.30M	0.00	—	—	—
Total equity incl. non-controlling	—	—	7.47M YoY-21.8%	9.55M YoY+2.1%	9.36M YoY+28.5%
Total liabilities & equity	15.9B YoY+211.6%	5.10B YoY+24775.8%	20.5M YoY-4.4%	21.4M YoY+19.1%	18.0M YoY+13.2%
	675M YoY+64.8%	409M YoY+61515.1%	664K YoY+1.1%	657K YoY+2.3%	642K YoY+14.1%
	675M YoY+64.8%	409M YoY+61515.1%	664K YoY+1.1%	657K YoY+2.3%	642K YoY+14.1%
	709M YoY+73.1%	409M YoY+61519.6%	664K YoY+1.1%	657K YoY+2.3%	642K YoY+1.5%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	261M YoY+208.3%	84.8M YoY+14420.5%	584K YoY-71.3%	2.04M YoY+801.8%	226K YoY-86.9%
Depreciation & amortization	108M YoY+54100.0%	200K YoY-75.8%	828K YoY+114.0%	387K YoY+11.7%	346K YoY+10.1%
Intangible amortization	315M YoY+34866.7%	900K YoY+33.9%	672K YoY-8.3%	733K YoY+37.9%	531K YoY+35.6%
Share-based compensation	145M YoY+320.1%	34.4M YoY+83802.4%	41.0K YoY-77.3%	180K YoY-59.2%	441K YoY+4229.1%
Deferred income taxes	-61.0M YoY-4983.3%	-1.20M YoY-255.0%	-338K YoY-210.8%	-109K YoY-326.0%	48.1K YoY+129.2%
Change in receivables	-160M YoY-79800.0%	-200K YoY-94.2%	-103K YoY-122.1%	466K YoY+54.4%	302K YoY+130.9%
Change in inventory	-288M	0.00	—	—	—
Change in payables	—	1.63M YoY+26.3%	1.29M YoY+4.6%	1.23M YoY+657.8%	163K YoY+148.6%
	-10.6B YoY-10630200.0%	-100K YoY+75.0%	-400K YoY-111.9%	-189K YoY+63.0%	-510K YoY-160.8%
Capital expenditure	78.2M YoY+76566.7%	102K YoY-15.7%	121K YoY+212.3%	38.7K YoY-66.2%	115K YoY-8.0%
Free cash flow	183M YoY+116.3%	84.7M YoY+18193.3%	463K YoY-76.8%	2.00M YoY+1697.1%	111K YoY-93.1%
Acquisitions	10.6B	0.00	0.00	0.00	0.00
Other investing activities	-4.40M	0.00	—	—	—
	7.66B YoY+53.8%	4.98B YoY+243080.5%	-2.05M YoY-212.9%	-655K YoY-230.2%	503K YoY+110.9%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00 YoY-100.0%	1.70M YoY+116.3%	784K YoY+148.0%	316K YoY+48.1%	214K YoY+2226.2%
Common stock issued	18.9M	0.00	0.00	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	0.00 YoY-100.0%	17.4M YoY+1555.6%	1.05M	0.00 YoY-100.0%	3.08M YoY-23.9%
FX effect on cash	-500K	0.00	—	—	—
Net change in cash	-2.71B YoY-153.4%	5.07B	—	—	—
Interest paid	138M YoY+137900.0%	100K YoY+75.4%	57.0K YoY+41.8%	40.2K YoY-10.9%	45.1K YoY+22.2%
Income taxes paid	38.2M	0.00 YoY-100.0%	301K YoY+219.7%	94.1K YoY-75.3%	381K YoY+808.1%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	13.7B YoY+110.0%	6.51B	—	—	—
P/E	—	232.5×	—	—	—
P/S	2.0× YoY-98.3%	114.4×	—	—	—
P/B	1.4× YoY+9.3%	1.3×	—	—	—
P/FCF	74.6× YoY-2.9%	76.9×	—	—	—
	—	0.43%	—	—	—
	1.3% YoY+3.0%	1.3%	—	—	—
	—	0.27%	—	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: QXO's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all QXO filings on SEC EDGAR → Not investment advice.