QXO, Inc. announced its financial results for the first quarter of 2025, reporting a loss of $(0.03) per basic and diluted share attributable to common shareholders. Total revenue for the quarter was $13.5 million, a decrease from $14.4 million in the same period of 2024. Net income, inclusive of $56.6 million interest income, was $8.8 million.
Adjusted EBITDA, a non-GAAP measure, was negative $8.9 million, compared with positive $0.5 million in Q1 2024, primarily due to higher employee-related costs from the new senior management team. Chairman and CEO Brad Jacobs noted that with the $11 billion acquisition of Beacon completed, QXO is positioned to become the leading tech-enabled company in the $800 billion building products distribution industry. The company aims to apply its proven playbook to enhance Beacon's business, focusing on growth and margin expansion.
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