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QXO, Inc. QXO Operating 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%
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:OperatingIncomeLoss.

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
Depreciation47.30.1
Amortization116.90.2
Total operating expense661.244.7
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

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is QXO, Inc.'s operating income?
QXO, Inc. (QXO) reported operating income of -$251.9M in Q1 2026.
How has QXO, Inc.'s operating income changed year-over-year?
QXO, Inc.'s operating income decreased by 541.0% year-over-year, from -$39.3M to -$251.9M.
What is the long-term trend for QXO, Inc.'s operating income?
Over 4 years (2021 to 2025), QXO, Inc.'s operating income has grown at a 470.7% compound annual growth rate (CAGR), from -$230.99K to -$245.1M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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