QXO Reports Second Quarter 2025 Results

QXO, Inc. (“QXO” or the “Company”) announced its financial results for the second quarter 2025. The Company reported a basic and diluted loss per common share of $(0.15) and an Adjusted Diluted Earnings per Common Share (“Adjusted Diluted EPS”), a non-GAAP financial measure, of $0.11 for the three months ended June 30, 2025.

Brad Jacobs, chairman and chief executive officer of QXO, said, “The integration of Beacon is progressing well, and we’ve identified opportunities that exceed our initial expectations. We’ve made key strategic hires and launched a broad transformation initiative, focusing on pricing, procurement, sales, organizational structure, logistics, and other core drivers of performance. We’re confident we will at least double legacy Beacon EBITDA organically. Looking ahead, we see strong momentum in both our acquisition pipeline and organic initiatives, reinforcing our long-term goal of reaching $50 billion in annual revenue within the next decade.”

Second Quarter Highlights

On April 29, 2025, QXO completed its acquisition of Beacon Roofing Supply, Inc. (“Beacon”). The acquisition was financed through cash from QXO’s balance sheet and a combination of debt and equity raises for a total purchase price of $10.6 billion.

QXO’s second quarter operational financial results noted below only include legacy Beacon’s operations for the period April 29, 2025 through June 30, 2025.

Net sales were $1.91 billion for the three months ended June 30, 2025.

Adjusted Gross Margin, a non-GAAP financial measure, for the three months ended June 30, 2025 was 25.3%.

Adjusted Net Income, a non-GAAP financial measure, was $109.2 million for the three months ended June 30, 2025. Adjusted Diluted EPS, a non-GAAP financial measure, was $0.11 for the three months ended June 30, 2025.

Adjusted EBITDA, a non-GAAP financial measure, was $204.6 million for the three months ended June 30, 2025. Adjusted EBITDA Margin, a non-GAAP financial measure, was 10.7% for the three months ended June 30, 2025.

Financing

During the second quarter, the Company raised $4.9 billion in debt, and an additional $4.8 billion through a combination of common equity and mandatory convertible preferred share issuances. Subsequently in the quarter, we paid down our Term Loan Facility by $1.4 billion. The Company’s net debt position as of June 30, 2025 was approximately $1.2 billion.

For full results click here.

About QXO

QXO is the largest publicly traded distributor of roofing, waterproofing and complementary building products in the United States. The company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders. QXO is targeting $50 billion in annual revenues within the next decade through accretive acquisitions and organic growth. Visit QXO.com for more information.

Contact:

Joe Checkler – Media Contact – joe.checkler@qxo.com – (203) 609-9650

Source: QXO, Inc.