NYSE$QXO
QXO Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
QXO's financial performance declined due to increased employee-related costs, despite a rise in software product revenue and a substantial cash reserve.
QXO reported a mixed Q3 2024 with a slight decrease in total revenue but a significant increase in net income due to interest income. Adjusted EBITDA was negative, impacted by higher employee-related costs from a new senior management team. The company completed private placements, raising $4.1 billion, and holds over $5 billion in cash.
- Total revenue decreased slightly to $13.16 million compared to $13.42 million in the same period last year.
- Software product revenue increased to $3.03 million, up from $2.85 million year-over-year.
- Net income rose to $17.1 million, inclusive of $57.0 million in interest income.
- Adjusted EBITDA was negative $11.47 million, a decline from the positive $665,000 in the prior year, due to higher employee-related costs.
Headline financials
Revenue & EPS history
QXO · Revenue · Quarterly
$13.2M
Revenue by segment
QXO · $2.85M total across 1 segment · Q3 2023
- Software products and services$2.85M+14.8%100.0%
Forward guidance
QXO aims to become a tech-forward leader in the $800 billion building products distribution industry, targeting tens of billions in annual revenue through acquisitions and organic growth.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
-0.6%
Avg return
Earnings day
-2.0%
Avg return
5 days after
+5.4%
Avg return
30 days after
36%
20 / 56 earnings
Positive
+45.4%
Q2 2014
Best reaction
-50.0%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.8% | -11.4% | -10.1% | |
| Q4 2025 | -2.1% | -8.8% | -24.6% | |
| Q3 2025 | +6.5% | +16.4% | +29.0% | |
| Q1 2025 | +4.2% | +0.2% | +19.7% | |
| Q4 2024 | +7.1% | +8.3% | +11.7% | |
| Q3 2024 | -6.0% | -4.4% | -0.5% | |
| Q2 2024 | +3.6% | +12.0% | +34.2% | |
| Q1 2024 | -0.5% | -3.3% | +85.3% | |
| Q4 2023 | -4.2% | -7.9% | -12.0% | |
| Q3 2023 | -0.5% | -2.0% | +137.0% | |
| Q2 2023 | +8.0% | +14.0% | -2.0% | |
| Q1 2023 | +2.6% | +4.9% | +2.6% | |
| Q4 2022 | -1.7% | -1.7% | -12.0% | |
| Q3 2022 | +2.0% | +0.6% | -9.8% | |
| Q2 2022 | -13.0% | -21.9% | -30.9% | |
| Q1 2022 | +9.5% | +16.2% | +9.2% | |
| Q4 2021 | -1.8% | -4.2% | -21.7% | |
| Q3 2021 | -9.5% | -10.9% | -28.5% | |
| Q2 2021 | -5.5% | -6.5% | -17.9% | |
| Q1 2021 | -13.7% | -13.6% | +2.6% | |
| Q4 2020 | +7.7% | +13.5% | +4.0% | |
| Q3 2020 | -0.7% | +1.8% | +18.2% | |
| Q2 2020 | -5.6% | -25.5% | -42.8% | |
| Q1 2020 | -3.3% | -3.8% | -1.9% | |
| Q4 2019 | -7.6% | -9.5% | -0.5% | |
| Q3 2019 | -3.5% | -0.9% | +1.2% | |
| Q2 2019 | -3.2% | -14.8% | +25.9% | |
| Q1 2019 | -7.8% | -10.3% | -10.3% | |
| Q4 2018 | +0.3% | -8.0% | -13.0% | |
| Q3 2018 | -9.3% | -12.3% | -27.8% | |
| Q2 2018 | -6.2% | -6.2% | +1.8% | |
| Q1 2018 | +0.0% | -1.3% | +3.5% | |
| Q4 2017 | -2.9% | -5.1% | +1.3% | |
| Q3 2017 | -0.5% | -3.0% | -4.4% | |
| Q2 2017 | -8.6% | -10.3% | -7.4% | |
| Q1 2017 | -0.2% | +0.0% | +1.5% | |
| Q4 2016 | +0.0% | +0.0% | -2.5% | |
| Q3 2016 | +18.9% | +29.7% | +73.0% | |
| Q2 2016 | +18.4% | +11.8% | +30.9% | |
| Q1 2016 | +5.4% | — | — | |
| Q4 2015 | +0.6% | — | — | |
| Q3 2015 | +1.4% | — | — | |
| Q2 2015 | -50.0% | — | — | |
| Q4 2014 | +0.0% | — | — | |
| Q1 2015 | +0.0% | — | — | |
| Q3 2014 | +35.7% | — | — | |
| Q2 2014 | +45.4% | — | — | |
| Q1 2014 | -35.0% | — | — | |
| Q4 2013 | -0.9% | — | — | |
| Q3 2013 | +2.5% | — | — | |
| Q2 2013 | +35.1% | — | — | |
| Q1 2013 | -26.7% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | +2.1% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2011 | -13.6% | — | — | |
| Q1 2012 | — | — | — | |
| Q4 2011 | — | — | — | |
| Q3 2010 | — | — | — | |
| Q3 2011 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q2 2011 | — | — | — | |
| Q4 2010 | — | — | — | |
| Q1 2010 | — | — | — |
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