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QXO, Inc. QXO Pre-Tax Income

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$1.7B+12,716%
Gross profit$409.3M+7,480%
Operating income-$251.9M-541%
Net income-$227.1M-2,681%
EPS (diluted)-$0.35-1,067%

Balance sheet

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Cash & equivalents$3.1B-40.0%
Total debt$4.0B+98,757%
Total equity$10.2B+101%
Total assets$16.7B+226%

Cash flow

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Operating cash flow$70.6M+93.4%
CapEx$22.5M+15,311%
Free cash flow$48.1M+32.3%

Valuation

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Market cap$17.16B+33.7%
Enterprise value$18.06B+24.4%
P/S-4.6×

Profitability

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Gross margin23.1%-17.7pp
Operating margin-5.3%-2.6pp
Net margin-6%-71.7pp
FCF margin2.3%-214pp

Returns & leverage

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Return on equity-6.8%-8.2pp
Debt / equity0.4×+0.4×
Current ratio3.3×-91.9×

Where this comes from

Reported directly by QXO, Inc. in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: QXO, Inc.’s 10-Q, filed May 12, 2026.

Filed
May 12, 2026, 4:18 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-034130
Line itemThree Months Ended March 31, 20262025
Loss from operations(251.9)(39.3)
Interest (expense) income, net(31.1)56.6
Other income, net2.7
(Loss) income before (benefit from) provision for income taxes(280.3)17.3
(Benefit from) provision for income taxes(53.2)8.5
Net (loss) income$(227.1)$8.8
Loss per common share - basic and diluted (Note 7)$(0.35)$(0.03)
Total weighted-average common shares outstanding:

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is QXO, Inc.'s pre-tax income?
QXO, Inc. (QXO) reported pre-tax income of -$280.3M in Q1 2026.
How has QXO, Inc.'s pre-tax income changed year-over-year?
QXO, Inc.'s pre-tax income decreased by 1720.2% year-over-year, from $17.3M to -$280.3M.
What is the long-term trend for QXO, Inc.'s pre-tax income?
Over 2 years (2022 to 2025), QXO, Inc.'s pre-tax income has grown at a 2565.3% compound annual growth rate (CAGR), from -$474.4K to -$337M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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