Filing Flows › QXO (QXO) › Q1 2026 › vs Q1 2025
QXO (QXO) Q1 2026 vs Q1 2025 (year over year)
QXO's revenue rose $1.7B (128×) from $13.5M in Q1 2025 to $1.7B in Q1 2026.
QXO, Q1 2026: revenue $1.7B (128× year over year), operating margin -14.6%, net loss $227M, operating cash flow $70.6M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 2.8% | 269.3% | -266.5 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.7B | $13.5M | $1.7B | 128× |
| Income tax benefit | $53.2M | −$8.5M | $61.7M | — |
| Net loss | $227M | −$8.8M | $236M | — |
| Costs & expenses | $2.0B | $70.1M | $1.9B | 29× |
| Operating costs | $2.0B | $52.8M | $1.9B | 38× |
| Interest & other, net | $28.4M | −$56.6M | $85.0M | — |
| Cost of revenue | $1.3B | $8.1M | $1.3B | 163× |
| SG&A | $497M | $44.4M | $453M | 11× |
| Other operating costs | $164M | $300K | $164M | 547× |
| Operating cash sources | $298M | $27.7M | $270M | +975% |
| Depreciation & amortization | $164M | $300K | $164M | 547× |
| Share-based compensation | $39.2M | $20.2M | $19.0M | +94% |
| Working capital & other | $94.3M | $7.2M | $87.1M | 13× |
| Net loss absorbed | $227M | −$8.8M | $236M | — |
| Operating cash flow | $70.6M | $36.5M | $34.1M | +93% |
| Free cash flow (OCF − capex) | $48.1M | $36.4M | $11.7M | +32% |
| Capital expenditures | $22.5M | $146K | $22.4M | 154× |
Questions
How much did QXO's revenue grow year over year in Q1 2026?
QXO's revenue rose $1.7B (128×) from $13.5M in Q1 2025 to $1.7B in Q1 2026.