Filing Flows › QXO (QXO) › Q2 2025
QXO (QXO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
QXO (QXO) reported revenue of $1.9B for the second quarter 2025 (Q2 2025), up 131-fold from a year earlier and up 141-fold from the quarter before. Operating margin was -8.6%, net loss $59.0M (3.1% of revenue).
QXO, Q2 2025: revenue $1.9B (131× year over year), operating margin -8.6%, net loss $59.0M, operating cash flow −$174M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.9B | 141× | 131× |
| Operating profit | −$163M | — | — |
| Net earnings | −$59.0M | -770% | — |
| Operating cash flow | −$174M | -578% | — |
What changed
Revenue was $1.9B in Q2 2025, up 13045% year over year and up 14019% from the previous quarter.
Gross margin was 21.0%, down 19.0 points from a year earlier. Operating costs exceeded revenue by $0.16B, an operating margin of -8.6%. Operating expenses grew 5484% against revenue growth of 13045%. The fastest-growing cost line was Other operating costs (+35567%). The quarter ended with a net loss of $0.06B, after a profit of $0.01B the previous quarter. Net interest and other expense of $0.07B was the main reason.
Operating cash flow was −$0.17B. Non-cash charges added back $0.03B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.19B.
Questions
What was QXO's revenue in the second quarter 2025?
QXO (QXO) reported revenue of $1.9B for the second quarter 2025 (Q2 2025), up 131-fold from a year earlier and up 141-fold from the quarter before.
Was QXO profitable in the second quarter 2025?
Operating loss was $163M (-8.6% of revenue) and net loss $59.0M.
Source: QXO 10-Q on SEC EDGAR.