Exhibit 99.1 QXO Announces Launch of Term Loan Refinancing GREENWICH, Conn. — October 28, 2025 — QXO, Inc. ("QXO" or the "Company") (NYSE: QXO) today launched a refinancing of its Term Loan B. The refinancing is subject to market and other conditions, and no assurances are made that the Company will consummate the refinancing on the terms contemplated, or at all. THIRD QUARTER 2025 SUMMARY PRELIMINARY RESULTS Total net debt is expected to remain consistent following the refinancing. The Company's preliminar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ____________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2025 or ☐ 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) Delaware (State or other jurisdiction of incorporation ...

Exhibit 99.1 GREENWICH, Conn. — August 14, 2025 — QXO, Inc. ("QXO" or the "Company") (NYSE: QXO) today announced its financial results for the second quarter 2025. The Company reported a basic and diluted loss per common share of $(0.15) and an Adjusted Diluted Earnings per Common Share ("Adjusted Diluted EPS"), a non-GAAP financial measure, of $0.11 for the three months ended June 30, 2025. SECOND QUARTER 2025 SUMMARY RESULTS | | | | Three Months Ended June 30, | | | --- | --- | --- | --- | --- | | (in mil ...

or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ FORM 10-Q ____________ 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 (Exact name of registrant as specified in its charter) For the transition period from to Delaware (State or other jurisdiction of incorporation) 16-1633636 (IRS Employer Ide ...

FIRST QUARTER 2025 SUMMARY RESULTS | | | Three Months Ended March 31, | | | | | --- | --- | --- | --- | --- | --- | | (in thousands) | 2025 | | 2024 | | Change % | | Revenue: | | | | | | | Software product, net | $ | 3,517 | $ | 3,480 | 1.1 % | | Service and other, net | | 9,991 | | 10,956 | (8.8)% | | Total revenue, net | $ | 13,508 | $ | 14,436 | (6.4)% | | Net income | $ | 8,755 | $ | 138 | NM | | Adjusted EBITDA¹ | $ | (8,915) $ | | 504 | NM | | NM - Not Meaningful | | | | | | Exhibit 99.1 QXO Reports F ...

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 voting power on a fully diluted basis[50]. - The company has registered 789,549,465 shares of common stock for potential sale by stockholders, which could adversely affect the market price of the common stock[39]. - The concentration of ownership and voting power may delay or prevent changes in control that could benefit stockholders, impacting the market price of the common stock[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%[148]. - 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[148]. - The company's total current assets decreased to $5.089579 million in 2024 from $11.796 million in 2023, reflecting a decline of approximately 56.8%[145]. - Selling, general and administrative expenses rose sharply to $92.943 million in 2024 from $22.097 million in 2023, marking an increase of approximately 320%[148]. - The total liabilities increased to $45.363 million in 2024 from $13.024 million in 2023, representing an increase of approximately 248%[145]. - 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[148]. - The company's accumulated deficit increased to $(6.229) million in 2024 from $(1.948) million in 2023[145]. - The total stockholders' equity decreased to $5.052899 million in 2024 from $7.471 million in 2023, a decline of approximately 32%[145]. Capital Structure and Financing - The company does not intend to pay dividends in the foreseeable future, relying on market price appreciation for investor returns[44]. - Future equity capital raises may lead to substantial dilution for existing shareholders, particularly if shares are issued at a significant discount[45]. - The company may face challenges in raising additional financing on acceptable terms, which could limit acquisition opportunities and working capital[46]. - Anti-takeover provisions in the company's Charter and bylaws could impair potential acquisition attempts, affecting stockholder opportunities for premium sales[53]. - The company completed a $1.0 billion cash investment from Jacobs Private Equity II, LLC, which facilitated a name change and a new ticker symbol on Nasdaq[159]. - The issuance of common stock and pre-funded warrants generated proceeds of $4,051,103,000, significantly bolstering the company's financial position[157]. - The company raised approximately $3.5 billion through 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]. Operational Challenges - 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]. - 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 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 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 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 legacy business may fail to develop new products or technologies, which could hinder competitiveness and lead to unexpected expenses[69]. - The software and technology industry is highly competitive, and the legacy business may struggle to compete effectively against larger competitors[71]. - The rapid technological changes in the industry may cause the legacy business's products to become obsolete more quickly than expected[74]. Tax and Regulatory Matters - The effective income tax rate for 2024 was 45.0%, significantly higher than 22.0% in 2023, primarily due to permanent items and state income tax adjustments[236]. - The Company did not incur any interest or penalties related to income tax matters for the years ended December 31, 2024, and 2023[191]. - The Company’s total current tax provision for 2024 was $24.002 million, compared to $41,000 in 2023[236]. - The Company’s deferred tax assets increased to $3.975 million in 2024 from $1.912 million in 2023, while net deferred tax assets rose to $2.603 million[238]. Employee Compensation and Incentives - The Company recognized share-based compensation expense of $34.513 million in 2024, compared to only $41,000 in 2023[235]. - 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 employee compensation and benefits for 2024 amounted to $46.984 million, up from $26.696 million in 2023[246]. Strategic Initiatives - QXO's strategy aims to capture a share of the $800 billion building products distribution industry, targeting tens of billions in annual revenue over the next decade through acquisitions and organic growth[161]. - The Company has announced a cash tender offer to acquire Beacon Roofing Supply, Inc. at a purchase price of $124.25 per share, with financing commitments fully covering the purchase price and associated costs[247][248]. - The Company completed an equity investment of $1.0 billion on June 6, 2024, through the issuance of 1,000,000 shares of Convertible Preferred Stock[197]. - The Company declared a special cash dividend of $17.4 million to stockholders of record as of the day before the closing of the Equity Investment, paid on June 12, 2024[204]. - An 8:1 reverse stock split was executed on June 6, 2024, reducing the issued and outstanding share count from 5,315,581 to 664,284 shares[205]. Asset Management - The allowance for expected credit losses increased to $547,000 at the end of 2024, up from $510,000 in 2023, indicating a cautious approach to credit risk management[168]. - The total intangible assets decreased from $4.919 million in 2023 to $4.024 million in 2024, with accumulated amortization increasing from $4.540 million to $5.415 million[215]. - The company extinguished all long-term debt obligations during the year ended December 31, 2024, with long-term debt of $1.7 million as of December 31, 2023[217]. - The company expects future amortization expenses for intangible assets to total $4.024 million over the next several years[216]. - As of December 31, 2024, total accrued expenses amounted to $35.692 million, a significant increase from $2.681 million as of December 31, 2023[177]. - The net property and equipment value decreased to $445,000 as of December 31, 2024, from $503,000 as of December 31, 2023, with depreciation expense of $246,900 for 2024 compared to $328,900 for 2023[180].

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]. Profitability 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]. - 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]. - 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 related to 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, indicating a decline in operational profitability[25]. - The company’s basic loss per share for the year ended December 31, 2024, was $(0.11), compared to $(1.63) in 2023[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 significant increase from $584 million in 2023[23]. - The company reported a total cash balance of $5,072,004 million at the end of 2024, compared to $6,143 million at the end of 2023[23]. Expenses - Operating expenses for the year ended December 31, 2024, rose to $93,932 million, compared to $22,925 million in 2023, reflecting a substantial increase[21]. - The company incurred $38,896 million in selling, general, and administrative expenses for the year ended December 31, 2024, compared to $5,079 million in 2023[21]. Interest Income and Financing - The company reported net income of $11.3 million for Q4 2024, which included $61.4 million in interest income[7]. - Interest income for the year ended December 31, 2024, was $121,812 million, a notable increase from an expense of $56 million in 2023[21]. - The company issued common stock and pre-funded warrants, generating proceeds of $4,051,103 million in financing activities during the year[23]. 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].

Financial Performance - Total revenue for the three months ended September 30, 2024, was $13,155,000, a decrease of 2% compared to $13,423,000 for the same period in 2023[9] - Net income for the three months ended September 30, 2024, was $17,132,000, compared to a net loss of $2,110,000 for the same period in 2023[9] - For the nine months ended September 30, 2024, QXO reported a net income of $16.68 million, a significant improvement from a net loss of $1.49 million in the same period of 2023[19] - Total revenue for the nine months ended September 30, 2024, was $42.13 million, compared to $39.81 million for the same period in 2023, reflecting an increase of approximately 5.5%[34] - The company reported a loss from operations of $33,826,000 for the three months ended September 30, 2024, compared to a loss of $2,558,000 for the same period in 2023[9] - The company reported basic and diluted earnings per share of $(0.01) for the three months ended September 30, 2024, compared to $(3.21) for the same period in 2023[56] Assets and Liabilities - Total current assets as of September 30, 2024, were $5,055,639, a significant decrease from $11,796,000 as of December 31, 2023[7] - Total liabilities increased to $19,885,000 as of September 30, 2024, compared to $13,024,000 as of December 31, 2023[7] - Cash and cash equivalents decreased to $5,037,112 as of September 30, 2024, from $6,143,000 as of December 31, 2023[7] - The company’s total stockholders' equity as of September 30, 2024, was $5,043,582, a decrease from $7,471,000 as of December 31, 2023[7] - The company’s total assets as of September 30, 2024, were $5,063,467, down from $20,495,000 as of December 31, 2023[7] Cash Flow - Cash provided by operating activities for the nine months ended September 30, 2024, was $30.92 million, a substantial increase from $0.82 million in the prior year[19] - The company experienced a significant increase in cash flows from financing activities, totaling $5.00 billion for the nine months ended September 30, 2024, compared to a cash outflow of $1.87 million in the same period of 2023[19] Shareholder Activities - The company paid $9.8 million in quarterly dividends to holders of Convertible Preferred Stock during the quarter ended September 30, 2024[49] - The company declared a $17.4 million aggregate cash dividend to stockholders of record as of the day before the closing of the Equity Investment[52] - The company raised approximately $1.0 billion through the issuance of 1,000,000 shares of Convertible Preferred Stock, which are convertible into 219,010,074 shares of common stock at an initial conversion price of $4.566 per share[46] - The company generated gross proceeds of approximately $3.5 billion from a private placement of 340,932,212 shares of common stock at a price of $9.14 per share[53] Compensation and Expenses - Operating expenses for the three months ended September 30, 2024, were $39,268,000, compared to $7,908,000 for the same period in 2023, reflecting a substantial increase[9] - Share-based compensation for the nine months ended September 30, 2024, was $13.99 million, compared to $41,000 in the same period of 2023[19] - The Company recognized share-based compensation expense of $13.985 million for the three months ended September 30, 2024, compared to $41,000 for the same period in 2023[79] Strategic Initiatives - The company aims to achieve tens of billions in annual revenue over the next decade through strategic acquisitions and organic growth in the $800 billion building products distribution industry[23] - The company is focused on becoming a tech-forward leader in its industry, leveraging its legacy operations and professional services to enhance customer value[22] Other Financial Metrics - Deferred revenue as of September 30, 2024, included $519,200 for maintenance and support services and $2.3 million in deposits for future consulting services[37] - The effective tax rate for the three months ended September 30, 2024, was 25.8%, up from 17.8% for the same period in 2023, indicating a significant increase of 45%[69] - The Company extinguished all long-term debt obligations as of September 30, 2024, compared to $1.70 million in long-term debt as of December 31, 2023[60] Acquisitions and Investments - The Company acquired a customer list from JCS Computer Resource Corporation for a total consideration of $1.3 million, which will be amortized over its estimated useful life[68] - The company completed a $1.0 billion cash investment from Jacobs Private Equity II, LLC, which led to a name change from SilverSun Technologies, Inc. to QXO on June 6, 2024[21] Stock and Shares - The company issued 408,766 shares of common stock during the three months ended September 30, 2024, contributing to additional paid-in capital of $4,051,099[12] - The company issued warrants exercisable for an aggregate of 219,010,074 shares of common stock, with varying exercise prices[50] - As of September 30, 2024, total unrecognized compensation expense related to unvested RSUs was $148.1 million, expected to be recognized over a weighted-average period of 5.18 years[72] - The Company granted 8,420 performance-based RSUs (pRSUs) with a weighted average grant date fair value of $20.24, with total unrecognized compensation expense of $161.5 million expected to be recognized over 3.72 years[76] Property and Equipment - As of September 30, 2024, the net property and equipment amounted to $456,000, a decrease from $503,000 as of December 31, 2023[40] - The company’s accumulated depreciation and amortization for property and equipment was $3,802,000 as of September 30, 2024, compared to $3,606,000 as of December 31, 2023[40] - Total lease assets decreased to $538,000 as of September 30, 2024, down from $854,000 as of December 31, 2023, representing a decline of approximately 37%[63] - Total lease liabilities also decreased to $669,000 as of September 30, 2024, from $923,000 as of December 31, 2023, a reduction of about 27.5%[63]

Revenue Performance - Total revenue for Q3 2024 was $13.16 million, a decrease of 2.0% compared to $13.42 million in Q3 2023[3] - Total revenue for QXO, Inc. in Q3 2024 was $13,155,000, a decrease of 2% from $13,423,000 in Q3 2023[17] - Software product revenue increased by 6.2% to $3.03 million, while service and other revenue decreased by 4.2% to $10.13 million[2] - Software product revenue increased to $3,028,000 in Q3 2024, up 6.3% from $2,850,000 in Q3 2023[17] - Total cost of revenue decreased to $7,713,000 in Q3 2024, down from $8,073,000 in Q3 2023[17] Net Income and Earnings - Net income for the quarter was $17.1 million, which included $57.0 million in interest income[4] - Net income for Q3 2024 was $17,132,000, compared to a net loss of $2,110,000 in Q3 2023[17] - The company reported a loss per share of $(0.01) in Q3 2024, an improvement from $(3.21) in Q3 2023[17] Operating Expenses and EBITDA - Adjusted EBITDA was negative $11.47 million, a significant decline from positive $665,000 in Q3 2023, attributed to higher employee-related costs[4] - Adjusted EBITDA for Q3 2024 was $(11,469,000), a decline from $665,000 in Q3 2023[19] - Operating expenses surged to $39,268,000 in Q3 2024, a significant increase from $7,908,000 in Q3 2023[17] Cash and Financial Position - As of September 30, 2024, QXO had approximately $5.04 billion in cash on hand[5] - Cash, cash equivalents, and restricted cash at the end of the period were $5,040,612,000, down from $6,880,000 in the previous year[18] - Cash provided by operating activities for the nine months ended September 30, 2024, was $30,923,000, a substantial increase from $818,000 in the same period of 2023[18] Shareholder Equity and Liabilities - Total stockholders' equity as of September 30, 2024, was $5.04 billion, down from $7.47 billion at the end of 2023[16] - Current liabilities totaled $19.89 million, an increase from $13.02 million in the previous year[16] Financing Activities - The company raised approximately $4.1 billion through private placements, increasing common shares outstanding to 409.4 million[5] - The company raised $4,051,103,000 from the issuance of common stock and pre-funded warrants during the financing activities[18] Future Growth Strategy - QXO aims to target tens of billions of dollars in annual revenue over the next decade through acquisitions and organic growth in the $800 billion building products distribution industry[6] - The company has no long-term debt, positioning it favorably for future growth initiatives[3]

Revenue Growth - QXO's consolidated net revenue for Q2 2024 increased by $1.28 million or 9.7% year-over-year, and for the first six months, it increased by $2.59 million or 9.8%[89] - Software product revenue rose due to the expansion of Sage Intacct and Accumatica product lines, while service revenue grew from hosting application services and consulting practices[89] Cost and Expenses - Cost of revenue for Q2 2024 increased by $673,000 or 8.3%, with a margin expansion to 39.8% compared to 39.1% in the prior year[90] - Selling, general and administrative expenses surged by $5.31 million or 117.3% in Q2 2024, primarily due to new senior management salaries and severance payments[91] - Depreciation and amortization expense increased by $57,000 or 27.9% in Q2 2024, attributed to higher amortization from the acquisition of JCS in 2023[92] - Adjusted EBITDA for the second quarter of 2024 was $(1,207,000), a decline from $705,000 in the same quarter of 2023, primarily due to increased employee-related costs[95] Investment and Financing - The company closed an equity investment on June 6, 2024, generating gross proceeds of $1.0 billion from the issuance of 1,000,000 shares of Convertible Perpetual Preferred Stock[97] - On July 19, 2024, the company completed a private placement, raising approximately $3.5 billion from the sale of 340,932,212 shares of common stock[97] - A subsequent private placement on July 25, 2024, generated approximately $620 million from the sale of 67,833,699 shares of common stock[98] - The company declared a cash dividend of $17.4 million to stockholders, funded by proceeds from the equity investment[98] - Cash provided by financing activities was $965.9 million, a significant increase from $531,000 used in the same period last year, due to the equity investment[100] Financial Position - For the six months ended June 30, 2024, the company reported a net loss of $591,000 compared to a net income of $344,000 for the same period in 2023[95] - As of June 30, 2024, the company's cash balance was $971.3 million, which increased to approximately $5.0 billion following the private placements[99] - The company has no outstanding debt obligations and believes its liquidity is sufficient to support operations over the next 12 months[99] Strategic Focus - QXO aims to create a tech-forward leader in the $800 billion building products distribution industry, targeting tens of billions in annual revenue over the next decade[81] - The company is focused on fostering recurring revenue and customer retention through a multi-pronged growth strategy, including sales and acquisitions[82] - QXO's legacy business includes five core components, with a significant portion of service revenue coming from ongoing customer relationships and flexible revenue options[82] - The company has expanded its footprint to nearly every U.S. state, enhancing its operational platform and creating additional revenue streams[86] Cash Flow - Cash used in operating activities increased by $359,000 year-over-year, attributed to higher personnel costs[100]