QXO Q2 rev $1.9 bln, net loss $58.5 mln, adj. EBITDA $204.6 mln.

• QXO reported a basic loss per share of $(0.15) in Q2 2025. • Adjusted diluted EPS was $0.11 for the three months ended June 30, 2025. • Net sales reached $1.9 bln, up from $14.5 mln in Q2 2024. • Gross profit increased to $401.7 mln from $5.8 mln. • Gross margin was 21.1%, down from 40% in Q2 2024.

NEW YORK - QXO, Inc. (NYSE:QXO) released its second quarter 2025 earnings report, showcasing a mixed performance with significant revenue growth but a net loss and a decline in gross margin. The company reported a basic loss per share of $(0.15) for the quarter ended June 30, 2025, while adjusted diluted EPS was $0.11 [1].

Revenue surged to $1.91 billion, marking a substantial increase from $14.5 million in the same quarter last year. This growth was largely driven by the integration of Beacon Roofing Supply, which was acquired in April 2025. The company’s shares were down 0.14% in pre-market trading following the earnings release [1].

Adjusted EBITDA for the quarter was $204.6 million with an adjusted EBITDA margin of 10.7%, while the adjusted gross margin declined to 21.1% from 40% in the second quarter of 2024. Gross profit increased to $401.7 million from $5.8 million in Q2 2024 [1].

Brad Jacobs, chairman and chief executive officer of QXO, expressed optimism about the integration of Beacon, stating that they have identified opportunities that exceed initial expectations and are confident in doubling legacy Beacon EBITDA organically [1].

The company raised $4.9 billion in debt and an additional $4.8 billion through common equity and mandatory convertible preferred share issuances, subsequently paying down its Term Loan Facility by $1.4 billion. This resulted in a net debt position of approximately $1.2 billion as of June 30 [1].

QXO’s residential roofing products accounted for 48.7% of total sales, while non-residential roofing products and complementary building products represented 28.1% and 22.4% of sales, respectively [1].

The company continues to focus on its long-term goal of reaching $50 billion in annual revenue within the next decade through both acquisitions and organic growth initiatives.

References:
[1] https://www.investing.com/news/earnings/qxo-beats-q2-expectations-with-011-eps-revenue-surges-to-191-billion-93CH-4191527