Filing Flows › QXO (QXO) › Q4 2024
QXO (QXO) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 4, 2025
QXO (QXO) reported revenue of $14.8M for the fourth quarter 2024 (Q4 2024), +0.6% from a year earlier and +13% from the quarter before. Operating margin was -224.3%, net earnings $11.3M (76.4% of revenue).
QXO, Q4 2024: revenue $14.8M (+0.6% year over year), operating margin -224.3%, net earnings $11.3M, operating cash flow $53.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.8M | +13% | +0.6% |
| Operating profit | −$33.2M | — | — |
| Net earnings | $11.3M | — | — |
| Operating cash flow | $53.9M | +71% | — |
| Free cash flow | $53.9M | +70% | — |
What changed
Revenue was $14.8M in Q4 2024, up 1% year over year and up 13% from the previous quarter. Service and other, net was the largest line at 66% of revenue.
Gross margin was 41.2%, up 2.3 points from a year earlier. Operating costs exceeded revenue by $33.2M, an operating margin of -224.3%. Operating expenses grew 642% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+37%). Net earnings were $11.3M, up 2597% year over year. The effective tax rate was 59.9%. Non-operating items added $61.4M, 218% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $53.9M, 477% of net earnings. Non-cash charges added back $243K of depreciation and amortization and $20.4M of share-based compensation. Working capital and other items added $22.0M. Capital expenditures of $38K left free cash flow of $53.9M.
Questions
What was QXO's revenue in the fourth quarter 2024?
QXO (QXO) reported revenue of $14.8M for the fourth quarter 2024 (Q4 2024), +0.6% from a year earlier and +13% from the quarter before.
Was QXO profitable in the fourth quarter 2024?
Operating loss was $33.2M (-224.3% of revenue) and net earnings $11.3M.
Source: QXO 10-K on SEC EDGAR.