Flagship explainer

How QXO, INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$6.8B · 100%Cost of revenue$5.3B · 77%Gross profit$1.6B · 23%Operating income−$245M · −4%Income before tax−$337M · −5%Income tax−$57.7M · −1%Net income−$279M · −4%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$6.8B100%
Cost of revenue$5.3B77%
$1.6B23%
−$245M−4%
Income before tax−$337M−5%
Income tax−$57.7M−1%
−$279M−4%
Source: · event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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