QXO beats Q2 expectations with $0.11 EPS, revenue surges to $1.91 billion

NEW YORK - QXO, Inc. (NYSE:QXO) reported second quarter 2025 adjusted earnings per share of $0.11, exceeding analyst expectations of $0.04, while revenue reached $1.91 billion, surpassing the consensus estimate of $1.88 billion.

The company’s shares were down 0.14% in pre-market trading following the earnings release.

The company, which completed its acquisition of Beacon Roofing Supply on April 29, saw its revenue increase dramatically from just $14.5 million in the same quarter last year. The current quarter results only include legacy Beacon’s operations from April 29 through June 30.

"The integration of Beacon is progressing well, and we’ve identified opportunities that exceed our initial expectations," said Brad Jacobs, chairman and chief executive officer of QXO. "We’re confident we will at least double legacy Beacon EBITDA organically."

Adjusted EBITDA for the quarter was $204.6 million with an adjusted EBITDA margin of 10.7%. The company reported an adjusted gross margin of 25.3%, while net loss for the period was $58.5 million, translating to a basic and diluted loss per share of -$0.15.

During the quarter, QXO raised $4.9 billion in debt and an additional $4.8 billion through a combination of common equity and mandatory convertible preferred share issuances. The company subsequently paid down its Term Loan Facility by $1.4 billion, resulting in a net debt position of approximately $1.2 billion as of June 30.

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.

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.

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