QXO, Inc. announced its financial results for the second quarter of 2025, reporting net sales of $1.91 billion, a significant increase from $14.5 million in the prior year, primarily due to the inclusion of Beacon's operations from April 29, 2025. The company reported a basic and diluted loss per common share of $(0.15), but an Adjusted Diluted EPS of $0.11. Adjusted EBITDA was $204.6 million, with an Adjusted EBITDA Margin of 10.7%.
During the quarter, QXO raised $4.9 billion in debt and $4.8 billion through equity and mandatory convertible preferred share issuances, subsequently paying down its Term Loan Facility by $1.4 billion, resulting in a net debt position of approximately $1.2 billion as of June 30, 2025. Chairman and CEO Brad Jacobs stated that the integration of Beacon is progressing well, with identified opportunities exceeding initial expectations, and expressed confidence in at least doubling legacy Beacon EBITDA organically. He also noted strong momentum in the acquisition pipeline, reinforcing the long-term goal of $50 billion in annual revenue within a decade.
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