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QXO, Inc. QXO Business Segments — SG&A

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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:SellingGeneralAndAdministrativeExpense.

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
(in millions)Three Months Ended March 31, 20262025
Total net sales$1,730.2$13.5
Less:
Cost of products sold$1,320.9$8.1
Selling, general administrative expenses(1)457.824.2
Stock-based compensation39.220.2
Other segment items139.4(47.8)
Net (loss) income$(227.1)$8.8
(1) Excludes stock-based compensation.

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is QXO, Inc.'s business segments — SG&A?
QXO, Inc. (QXO) reported business segments — SG&A of $457.8M in Q1 2026.
How has QXO, Inc.'s business segments — SG&A changed year-over-year?
QXO, Inc.'s business segments — SG&A increased by 1791.7% year-over-year, from $24.2M to $457.8M.
What does business segments — SG&A mean?
This represents the operating expenses incurred by the segment that are not directly tied to the production of goods, such as marketing, sales commissions, and administrative overhead. It reflects the cost of supporting the segment's infrastructure and commercial activities. High levels relative to revenue may indicate heavy investment in growth or potential operational bloat.

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