BuildDirect announced its financial results for the Q4 ended December 31, 2024. Consolidated revenue in Q4 2024 was $16.7 million compared to $16.9 million in Q4 2023, a decrease of $193,374 or 1.1%.
Revenue in Q4 2024 for BuildDirect was $4.2 million compared to $3.8 million for the same period in the prior year, an increase of $406,484 or 10.7%. The increase can be attributed to the Company’s strategy to shift its e-commerce product mix to higher margin, direct-sourced products with inventory levels to support the shift.
Consolidated gross profit in Q4 2024 was $6.5 million compared to $5.9 million in the same period in the prior year, an increase of $605,067 or 10.2%. The increase can be attributed to higher revenue in the BuildDirect segment and higher gross margin in the Retailers segments. In addition, gross profit percentage increased 4.0% in Q4 2024 to 39.2% compared to 35.2% in Q4 2023.
2025 Outlook
Looking ahead, BuildDirect remains committed to expanding its geographic footprint, deepening supplier relationships, and enhancing its service capabilities for professional customers. Each new location and acquisition is carefully aligned with the company’s goal of delivering strong returns and capturing market share in both core and emerging regions.
In parallel, BuildDirect is focused on driving EBITDA growth through improved operational efficiency and the continued development of its commercial sales channel. By optimizing its infrastructure and leveraging data-driven decision-making, the company is well-positioned to scale profitably while maintaining a high standard of customer service.
BuildDirect is a growing omnichannel building material retailer.
