Core Insights - Roofr has announced a strategic integration with QXO, enhancing the capabilities of roofing contractors by providing real-time material pricing and integrated ordering [1][3][4] Company Overview - Roofr, founded in 2015, is a leading provider of roofing software solutions, offering tools for CRM, instant estimates, roof measurement reports, proposals, material ordering, payments, and invoicing [6] - QXO, Inc. is the largest publicly traded distributor of commercial and residential roofing products in North America, aiming to become a tech-enabled leader in the $800 billion building products distribution industry [1][4] Integration Benefits - The integration allows roofing contractors to access live material costs based on individual contracts, streamlining proposal creation and reducing manual data entry [3][7] - Contractors can place integrated material orders through Roofr and view real-time product availability, improving scheduling and reducing project delays [3][7] - The collaboration enhances operational efficiency and profitability for roofing professionals by providing up-to-date pricing and effortless ordering [4][7] Future Goals - QXO is targeting $50 billion in annual revenue within the next decade through a focus on accretive acquisitions and organic growth [4]

Core Viewpoint - QXO, a building products distributor, has received a bullish price target from Wolfe Research, leading to a significant increase in its stock price [1][4]. Company Overview - QXO was established by entrepreneur Brad Jacobs with the aim of consolidating the building products distribution sector [3]. - The company completed an $11 billion acquisition of Beacon Roofing Supply in April and plans to increase its revenue from approximately $10 billion to $50 billion in the coming years [3]. Analyst Insights - Wolfe Research analyst Trevor Allinson initiated coverage on QXO with an "outperform" rating and set a price target of $44, which is over 150% higher than the stock's closing price of $16.75 [4]. - Allinson highlighted QXO's potential for superior EBITDA growth, forecasting a 35% compound annual growth rate over the next five years, significantly outpacing the industry average [5]. Management and Strategy - Brad Jacobs has a proven track record with over 500 acquisitions, having built two of the top 10 Fortune 500 companies in the last decade [6]. - QXO's management team is expected to leverage a combination of acquisitions and technology to drive both organic and inorganic growth [7]. - The company recently completed a secondary offering to enhance its acquisition capabilities [7].

QXO, Inc. (QXO) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this company would post a loss of $0.05 per share when it actually produced a loss of $0.02, delivering a surprise of 60%.Over the last four quarters, the company has surpassed consens ...

or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38063 QXO, INC. (Exact name of registrant as specified in its charter) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ FORM 10-Q ____________ Delaware (State or other jurisdiction of ...

Exhibit 99.1 QXO Reports First Quarter 2025 Results GREENWICH, Conn. — May 8, 2025 — QXO, Inc. (NYSE: QXO) today announced its financial results for the first quarter 2025. The company reported a loss of $(0.03) per basic and diluted share attributable to common shareholders. FIRST QUARTER 2025 SUMMARY RESULTS | | | Three Months Ended March 31, | | | | | --- | --- | --- | --- | --- | --- | | (in thousands) | 2025 | | 2024 | | Change % | | Revenue: | | | | | | | Software product, net | $ | 3,517 | $ | 3,480 ...

Group 1: QXO, Inc. Overview - QXO, Inc. shares increased by 7.9% to $14.26, following a higher-than-average trading volume, contrasting with a 4.1% loss over the past four weeks [1] - The company has over $5 billion in cash and no debt, allowing it to pursue high-value M&A opportunities [1] Group 2: Financial Expectations - QXO is expected to report a quarterly loss of $0.05 per share, reflecting a year-over-year decline of 120.8%, with revenues projected at $12 million, down 16.9% from the previous year [2] - The consensus EPS estimate for QXO has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] Group 3: Industry Context - QXO is part of the Zacks Technology Services industry, where Priority Technology (PRTH) also operates, having closed 4.7% higher at $7.80, with a 10.4% return over the past month [3] - Priority Technology's consensus EPS estimate has remained unchanged at $0.20, representing a 300% increase from the previous year, and it holds a Zacks Rank of 1 (Strong Buy) [4]

Core Viewpoint - Beacon Roofing Supply, Inc. (BECN) has entered into a definitive merger agreement to be acquired by QXO, Inc. for $11 billion, with the transaction valued at $124.35 per share in cash, expected to close by the end of April [1] Company Overview - BECN is a leading distributor of roofing, waterproofing, and exterior products, with nearly 600 branches across the United States and Canada [1][4] - The company has been focusing on its Ambition 2025 plan to enhance customer experience, expand revenue and margins, and boost value for stakeholders [5] Financial Performance - BECN's shares gained 2% during the trading session following the merger announcement, indicating positive investor sentiment [2] - The company has achieved significant milestones under the Ambition 2025 plan, including 19 new greenfield locations, 42 acquired branches, and a 24.1% year-over-year increase in digital sales [6] - BECN's efforts to improve underperforming branches contributed $20 million to adjusted EBITDA, surpassing its three-year target of $75 million ahead of schedule [6] Market Position - Over the past six months, BECN's shares have increased by 45.6%, significantly outperforming the Zacks Building Products - Retail industry's decline of 5.7% [9] - The company's early progress in achieving Ambition 2025 targets and maintaining shareholder value amid macroeconomic risks is viewed positively for its future prospects [9]

Group 1: Beacon Roofing Supply, Inc. - Beacon Roofing Supply will be acquired by QXO, Inc. for $124.35 per share in cash at closing [2] - The investigation focuses on whether the Beacon Roofing Supply Board breached its fiduciary duties by failing to conduct a fair process and whether shareholders are receiving fair value for their shares [2] Group 2: Optinose, Inc. - Optinose will be acquired by Paratek Pharmaceuticals for $9.00 per share in cash, plus up to $5.00 per share in contingent value rights (CVRs) based on achieving certain net revenue milestones [4] - The investigation concerns potential breaches of fiduciary duties by the Optinose Board regarding the fairness of the acquisition process and shareholder value [4] Group 3: Redfin Corporation - Redfin will be acquired by Rocket Companies, with each share of Redfin common stock exchanged for a fixed ratio of 0.7926 shares of Rocket Companies Class A common stock, valued at approximately $12.50 per share [6] - The investigation examines whether the Redfin Board breached its fiduciary duties by failing to ensure a fair process and the impact of dilution on shareholders [6] Group 4: Blackboxstocks Inc. - Blackboxstocks will be acquired by REalloys Inc., with stockholders expected to own approximately 7.3% of the combined company's shares upon closing [8] - The investigation looks into whether the Blackboxstocks Board breached its fiduciary duties by not conducting a fair process and the implications of dilution for shareholders [8]

Stock Performance and Ownership - The common stock price has been highly volatile, ranging from $41.74 to $205.40 since June 13, 2024, significantly higher than the initial sale price of $9.14 per share[36]. - Approximately 31.4% of the voting power of the capital stock is controlled by the Chairman and CEO, Brad Jacobs, allowing him significant influence over company decisions[49]. - JPE, controlled by Mr. Jacobs, holds 900,000 shares of Convertible Preferred Stock and 197,109,065 Warrants, potentially convertible into 394,218,132 shares of common stock, representing about 49.2% of the voting power on a fully-diluted basis[50]. - The company does not intend to pay dividends in the foreseeable future, relying on market price appreciation for investor returns[44]. - The company has registered 789,549,465 shares of common stock for potential future sales, which could impact the market price[39]. - Future equity capital raises may lead to substantial dilution for existing shareholders, particularly if shares are issued at a significant discount[45]. - The concentration of ownership and voting power may delay or prevent beneficial changes in control or business combinations[52]. Financial Performance - Total revenue for the year ended December 31, 2024, was $56.873 million, an increase from $54.517 million in 2023, representing a growth of approximately 4.4%[149]. - The net income for the year ended December 31, 2024, was $27.969 million, compared to a net loss of $1.070 million in 2023, indicating a significant turnaround in financial performance[149]. - Operating expenses surged to $93.932 million in 2024 from $22.925 million in 2023, reflecting increased selling, general, and administrative expenses[149]. - The company reported a loss from operations of $71 million for the year ended December 31, 2024, compared to a loss of $1.311 million in 2023[149]. - The total liabilities increased from $13.024 million in 2023 to $45.363 million in 2024, indicating a significant rise in financial obligations[145]. - Cash provided by operating activities increased to $84,883,000 in 2024, compared to $584,000 in 2023[157]. - The company reported a net loss of $23.0 million for the year ended December 31, 2024, compared to a loss of $1.1 million in 2023[210]. - Basic and diluted loss per share for 2024 was $(0.11), a significant improvement from $(1.63) in 2023[210]. Industry and Market Conditions - The building products distribution industry is highly fragmented and competitive, with low barriers to entry for local competitors, affecting net sales and operating results[64]. - The industry is subject to cyclical market pressures, and prolonged periods of weak demand could reduce net sales and margins, potentially leading to losses[66]. - The company may face increased costs and reduced supply of building materials due to global trade tensions and tariffs, impacting competitiveness[67]. - The trend toward consolidation in the software industry may impede the company's ability to compete effectively, potentially increasing acquisition costs[75]. Leadership and Governance - The company is highly dependent on the leadership of Brad Jacobs as Chairman and CEO, and his loss could materially adversely affect the business and financial condition[57]. - Anti-takeover provisions in the company's Charter and bylaws could impair potential acquisition attempts, affecting stockholder opportunities[53]. Acquisitions and Growth Strategy - The company plans to target tens of billions of dollars in annual revenue in the next decade through acquisitions and organic growth in the $800 billion building products distribution industry[161]. - The company faces risks related to acquisitions, including the failure to consummate acquisitions expeditiously, which could adversely impact business prospects and stock price[60]. - The company may not be able to successfully integrate acquired businesses, which could lead to unexpected liabilities and adversely affect financial condition and results of operations[62]. - The Company announced a cash tender offer to acquire Beacon Roofing Supply, Inc. at a purchase price of $124.25 per share, with financing commitments secured[247][248]. Cash and Capital Management - The company's cash balance totaled $5.1 billion as of December 31, 2024, with a hypothetical 1% change in interest rates impacting net interest income by $51 million[132]. - Total cash, cash equivalents, and restricted cash at the end of 2024 was $5,072,004,000, up from $6,143,000 in 2023[165]. - The company issued $4,051,103,000 in common stock and pre-funded warrants, net of issuance costs, during the financing activities[157]. - The company raised approximately $3.5 billion from a private placement of 340,932,212 shares at $9.14 per share, closing on July 19, 2024[206]. - An additional private placement generated approximately $620 million from the sale of 67,833,699 shares at $9.14 per share, closing on July 25, 2024[207]. Tax and Regulatory Matters - The effective income tax rate for 2024 was 45.0%, significantly higher than 22.0% in 2023[236]. - The Company has U.S. federal net operating loss carryforwards of $3.4 million as of December 31, 2024, down from $5.8 million in 2023[239]. - The Company’s total current tax provision for 2024 was $24.0 million, compared to $41,000 in 2023[236]. - The Company has not incurred any expense related to interest or penalties for income tax matters during the years ended December 31, 2024 and 2023[191]. Share-Based Compensation - Share-based compensation for the year was $34,513,000, compared to $41,000 in 2023[157]. - The Company granted 13,470 RSUs with a grant date fair value of $11.57, resulting in total unrecognized compensation expense of $143.1 million expected to be recognized over 4.93 years[230]. - The Company granted 8,420 pRSUs with a grant date fair value of $20.24, leading to total unrecognized compensation expense of $148.5 million expected to be recognized over 3.52 years[233]. - The Company's total share-based compensation expense for 2024 was $34.5 million, compared to $41,000 in 2023[235]. Changes in Company Structure - The company underwent a name change from SilverSun Technologies, Inc. to QXO, Inc. on June 6, 2024, following a $1.0 billion cash investment[159]. - The company transferred its common stock listing from Nasdaq to the New York Stock Exchange on January 17, 2025[159]. - An 8:1 reverse stock split was executed on June 6, 2024, reducing the outstanding shares from 5,315,581 to 664,284[205].

Revenue Performance - QXO reported total revenue of $14.7 million for Q4 2024, unchanged from Q4 2023, with software product revenue increasing by 7.3% to $5.0 million[6]. - For the full year 2024, total revenue was $56.9 million, representing a 4.3% increase from $54.5 million in 2023[3]. - Total revenue for the year ended December 31, 2024, increased to $56,873 million, up 4.3% from $54,517 million in 2023[21]. Net Income and Loss - The company incurred a net loss of $(0.02) per share for Q4 2024 and $(0.11) per share for the full year 2024[2]. - The company had a net income of $11.3 million in Q4 2024, which included $61.4 million in interest income[7]. - Net income for the year ended December 31, 2024, was $27,969 million, a significant recovery from a net loss of $1,070 million in 2023[21]. - The company reported a basic loss per share of $0.11 for the year ended December 31, 2024, compared to a loss of $1.63 in 2023[21]. Operating Performance - Adjusted EBITDA for Q4 2024 was a loss of $(7.7) million, compared to a gain of $0.7 million in Q4 2023, reflecting costs associated with a new senior management team[7]. - Adjusted EBITDA for the year ended December 31, 2024, was $(19,832) million, down from $2,717 million in 2023, reflecting operational challenges[25]. - Operating expenses for the year ended December 31, 2024, totaled $93,932 million, compared to $22,925 million in 2023, indicating a substantial increase[21]. Cash and Assets - QXO's cash position as of December 31, 2024, was approximately $5.1 billion, with no debt[7]. - QXO's total assets as of December 31, 2024, were $5.1 billion, a significant increase from $20.5 million in 2023[19]. - Cash provided by operating activities for the year ended December 31, 2024, was $84,883 million, a notable increase from $584 million in 2023[23]. - Cash, cash equivalents, and restricted cash at the end of the year totaled $5,072,004 million, a decrease from $6,143 million at the beginning of the year[23]. Revenue Sources and Costs - Service and other revenue decreased by 3.0% to $9.8 million in Q4 2024 compared to Q4 2023[6]. - The total cost of revenue for the year ended December 31, 2024, was $33,941 million, up from $32,903 million in 2023, reflecting rising operational costs[21]. - The company reported a significant increase in interest income to $121,812 million for the year ended December 31, 2024, compared to an expense of $56 million in 2023[21]. Strategic Goals - The company aims to become a tech-forward leader in the $800 billion building products distribution industry, targeting tens of billions in annual revenue over the next decade through acquisitions and organic growth[5][8]. - The company is pursuing multiple high-value M&A opportunities to enhance its market position[5]. Financing Activities - The company issued common stock and pre-funded warrants, generating proceeds of $4,051,103 million during the year[23].