--- title: "QXO | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1.73 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/286152940.md" datetime: "2026-05-12T20:29:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286152940.md) - [en](https://longbridge.com/en/news/286152940.md) - [zh-HK](https://longbridge.com/zh-HK/news/286152940.md) --- # QXO | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1.73 B Revenue: As of FY2026 Q1, the actual value is USD 1.73 B, beating the estimate of USD 1.729 B. EPS: As of FY2026 Q1, the actual value is USD -0.35, missing the estimate of USD -0.255. EBIT: As of FY2026 Q1, the actual value is USD -220.8 M. #### Operational Metrics - **Net (loss) income**: QXO, Inc. reported a net loss of -$227.1 million for the three months ended March 31, 2026, a decrease from a net income of $8.8 million in the prior year period . - **Net margin**: The net margin was -13.1% in Q1 2026, down from 65.2% in Q1 2025 . - **Adjusted EBITDA**: Adjusted EBITDA for Q1 2026 was $1.2 million, a significant improvement from -$9.0 million in Q1 2025 . - **Adjusted EBITDA Margin**: The Adjusted EBITDA Margin increased to 0.1% in Q1 2026 from -66.7% in Q1 2025 . - **Adjusted Net Loss**: The Adjusted Net Loss was -$57.2 million for Q1 2026 . - **Basic and diluted loss per common share**: The basic and diluted loss per common share was -$0.35 in Q1 2026, compared to -$0.03 in Q1 2025 . - **Adjusted Diluted Loss per Common Share**: The Adjusted Diluted Loss per Common Share was -$0.12 for Q1 2026 . - **Gross profit**: Gross profit increased to $409.3 million in Q1 2026 from $5.4 million in Q1 2025 . - **Total operating expense**: Total operating expense rose to $661.2 million in Q1 2026 from $44.7 million in Q1 2025 . - **Loss from operations**: The loss from operations was -$251.9 million in Q1 2026, compared to -$39.3 million in Q1 2025 . - **Interest (expense) income, net**: Net interest expense was -$31.1 million in Q1 2026, a change from net interest income of $56.6 million in Q1 2025 . - **(Benefit from) provision for income taxes**: There was a benefit from income taxes of -$53.2 million in Q1 2026, compared to a provision for income taxes of $8.5 million in Q1 2025 . #### Cash Flow - **Net cash provided by operating activities**: Net cash provided by operating activities was $70.6 million in Q1 2026, up from $36.5 million in Q1 2025 . - **Capital expenditures**: Capital expenditures were -$22.5 million in Q1 2026, an increase from -$0.1 million in Q1 2025 . - **Net cash used in investing activities**: Net cash used in investing activities was -$19.5 million in Q1 2026, compared to -$0.8 million in Q1 2025 . - **Net cash provided by (used in) financing activities**: Net cash provided by financing activities was $633.9 million in Q1 2026, a significant change from net cash used in financing activities of -$22.5 million in Q1 2025 . - **Cash, cash equivalents and restricted cash, end of period**: The period ended with $3,050.1 million in cash, cash equivalents and restricted cash, down from $5,085.2 million at the end of the prior year period . #### Segment Revenue (Sales by Line of Business for Q1 2026) - **Residential roofing products**: Generated $799.1 million, accounting for 46.2% of total net sales . - **Non-residential roofing products**: Contributed $463.6 million, or 26.8% of total net sales . - **Complementary building products**: Accounted for $452.9 million, or 26.2% of total net sales . - **Software products and services**: Totaled $14.6 million, representing 0.8% of total net sales . For Q1 2025, this segment generated $13.5 million, representing 100.0% of total net sales . #### Other Key Financial Metrics - **Total current assets**: Increased to $6,456.6 million as of March 31, 2026, from $5,546.3 million as of December 31, 2025 . - **Total liabilities**: Increased to $6,495.3 million as of March 31, 2026, from $6,180.5 million as of December 31, 2025 . - **Total stockholders’ equity**: Increased to $10,164.9 million as of March 31, 2026, from $9,706.8 million as of December 31, 2025 . #### Outlook / Guidance QXO, Inc. anticipates closing the $17 billion acquisition of TopBuild Corp. in the third quarter of 2026, which is expected to make QXO, Inc. the second largest publicly traded building products distributor in North America . 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