11 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $6.8B | -$279M | 23.0% | -3.6% | -2.9% | -1.8% | $183M | $3.1B | $2.4B |
| 2024 | $57M | $28M | 40.6% | -124.8% | 0.6% | 0.5% | $85M | $0 | $5.1B |
| 2023 | $55M | -$1M | 39.6% | -2.4% | -14.3% | -5.2% | — | $2M | $6M |
| 2022 | — | -$282219 | — | — | -3.0% | -1.3% | $2M | $1M | $8M |
| 2021 | — | -$134434 | — | — | -1.4% | -0.7% | $226034 | $968940 | $7M |
| 2020 | — | $175647 | — | — | 2.4% | 1.1% | — | $1M | $7M |
| 2019 | — | $7M | — | — | 76.4% | 35.8% | — | $1M | $9M |
| 2018 | — | $262432 | — | — | 6.1% | 2.2% | — | $1M | $2M |
| 2012 | — | -$1M | — | — | 151.6% | -44.1% | — | $0 | $4483 |
| 2011 | — | $3M | — | — | -276.3% | 172.0% | — | — | $233722 |
| 2010 | — | -$468921 | — | — | 9.3% | -45.9% | — | — | $104344 |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $3.2B | -$55M | 24.7% | -1.3% | -0.5% | -0.2% | -$248M | $6.0B | $2.8B |
| Mar '26 | $1.7B | -$227M | 23.7% | -14.6% | -2.2% | -1.4% | $48M | $3.1B | $3.0B |
| Dec '25 | $2.2B | -$90M | 24.2% | -3.2% | -0.9% | -0.6% | $158M | $3.1B | $2.4B |
| Sep '25 | $2.7B | -$139M | 23.3% | 0.9% | -1.4% | -0.8% | $182M | $3.1B | $2.3B |
| Jun '25 | $1.9B | -$59M | 21.0% | -8.6% | -0.6% | -0.3% | -$194M | $3.1B | $2.3B |
| Mar '25 | $14M | $9M | 40.0% | -291.1% | 0.2% | 0.2% | $36M | — | $5.1B |
| Dec '24 | $15M | $11M | 41.2% | -224.3% | 0.2% | 0.2% | $54M | $0 | $5.1B |
| Sep '24 | $13M | $17M | 42.0% | -257.3% | 0.3% | 0.3% | $32M | $0 | $5.0B |
| Jun '24 | $15M | -$600000 | 40.0% | -29.7% | -0.1% | -0.1% | — | $1M | $971M |
| Mar '24 | $14M | $138000 | 39.2% | 1.6% | 1.8% | 0.7% | — | $2M | $6M |
| Dec '23 | $15M | $419000 | 38.9% | 2.9% | 5.6% | 2.0% | — | $2M | $6M |
| Sep '23 | $13M | -$2M | 39.9% | -19.1% | -29.9% | -11.5% | — | $795209 | $7M |
| Jun '23 | $13M | $344000 | 39.1% | 3.4% | 3.4% | 1.7% | — | $1M | $7M |
| Mar '23 | — | $277491 | — | — | 2.8% | 1.3% | — | $1M | $7M |
| Dec '22 | — | -$19560 | — | — | -0.2% | -0.1% | — | $1M | $8M |
| Sep '22 | — | -$134237 | — | — | -1.4% | -0.7% | $2M | $2M | $7M |
| Jun '22 | — | -$87766 | — | — | -0.9% | -0.5% | — | $2M | $6M |
| Mar '22 | — | -$40656 | — | — | -0.4% | -0.2% | — | $2M | $6M |
| Dec '21 | — | -$379373 | — | — | -4.1% | -2.1% | — | $968940 | $7M |
| Sep '21 | — | -$240029 | — | — | -2.6% | -1.4% | $1M | $1M | $7M |
How the market has priced QXO against its own fundamentals since 2024-06 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Qxo, Inc.'s revenue has grown 1020.3% per year. These are computed facts, not advice.
As of FY2025, Qxo, Inc. reported $3.1B of total debt against $2.4B of cash; operating income covered interest expense -1.4×.
In FY2025, gross margin was 23.0%, operating margin -3.6%, and net margin -4.1%.
As of Sep '26, Qxo, Inc. traded at a price-to-earnings ratio of about 693.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.