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Segments

By segment

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Reportable Segment$457.8M+1,792%

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
Line itemThree Months Ended March 31, 20262025
Cost of products sold1,320.98.1
Gross profit409.35.4
Operating expense:
Selling, general and administrative497.044.4
Depreciation47.30.1
Amortization116.90.2
Total operating expense661.244.7
Loss from operations(251.9)(39.3)

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is QXO, Inc.'s SG&A?
QXO, Inc. (QXO) reported SG&A of $497M in Q1 2026.
How has QXO, Inc.'s SG&A changed year-over-year?
QXO, Inc.'s SG&A increased by 1019.4% year-over-year, from $44.4M to $497M.
What is the long-term trend for QXO, Inc.'s SG&A?
Over 2 years (2023 to 2025), QXO, Inc.'s SG&A has grown at a 694.5% compound annual growth rate (CAGR), from $22.1M to $1.39B.
What does SG&A mean?
Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

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