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QXO (QXO) investor relations material
QXO Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed the $10.6 billion Beacon Acquisition, transforming into the largest publicly traded distributor of roofing, waterproofing, and complementary building products in North America.
Transitioned from a technology solutions company to a building products distribution company, with a strategic goal of reaching $50 billion in annual revenues within the next decade through acquisitions and organic growth.
Integration of Beacon is ongoing, with significant restructuring and transformation initiatives underway.
Reported third quarter 2025 results in line with prior guidance, highlighting progress in optimizing operations and growth initiatives.
Outperformed the market and reaffirmed a long-term target of $50 billion in annual revenue within a decade through organic growth and acquisitions.
Financial highlights
Net sales for Q3 2025 were $2.73 billion, up from $13.1 million in Q3 2024, driven by the Beacon Acquisition.
Net loss for Q3 2025 was $139.4 million, compared to net income of $17.2 million in Q3 2024.
Adjusted EBITDA for Q3 2025 was $301.9 million, with an Adjusted EBITDA margin of 11.1%.
Adjusted Net Income was $166.2 million and Adjusted Diluted EPS was $0.14 for Q3 2025.
Gross profit for Q3 2025 was $635.8 million, with a gross margin of 23.3%; Adjusted Gross Profit was $687.2 million (Adjusted Gross Margin 25.2%).
Outlook and guidance
Management targets $50 billion in annual revenues within the next decade, focusing on accretive acquisitions and organic growth.
Management targets organic EBITDA growth for legacy operations to over $2 billion.
Robust acquisition pipeline supports long-term growth strategy.
Liquidity and capital resources are considered sufficient to support operations over the next 12 months.
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