QXO, Inc.
Business
QXO, Inc. is the largest publicly-traded distributor of roofing, waterproofing and complementary building products in North America, operating approximately 600 branches across the U.S. and Canada. The company distributes high-quality branded and private-label exterior products including asphalt shingles, single-ply membranes, insulation, waterproofing, siding, plywood, OSB, and windows and doors to over 110,000 residential and non-residential customers. QXO serves professional contractors, home builders, building owners, lumberyards and retailers through a combination of physical inventory at branches and value-added services including technical expertise, training and supply-chain optimization.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 6,842 | 57 | 55 | — | — | |
| Cost of products sold | 5,270 | 34 | — | — | — | |
| Gross profit | 1,573 | 23 | 22 | 18 | 17 | |
| Selling, general and administrative | 1,395 | 93 | 22 | — | — | |
| Depreciation | 108 | 200,000 | 828,000 | — | — | |
| Amortization | 315 | 900,000 | — | — | — | |
| Total operating expense | 1,818 | 94 | 23 | 18 | 17 | |
| Loss from operations | −245 | −71 | −1 | −385,379 | −230,986 | |
| Interest (expense) income, net | −48 | 122 | −56,000 | — | — | |
| Loss on debt extinguishment | −50 | 0 | — | — | — | |
| Other income, net | 6 | 0 | — | — | — | |
| (Loss) income before (benefit from) provision for income taxes | −337 | 51 | −1 | −474,403 | 43,571 | |
| (Benefit from) provision for income taxes | −58 | 23 | −297,000 | 192,184 | −178,005 | |
| Net (loss) income | −279 | 28 | −1 | −282,219 | −134,434 | |
| Loss per common share - basic (in usd per share) | −0.63 | −0.11 | −1.63 | −0.05 | −0.03 | |
| Loss per common share - diluted (in usd per share) | −0.63 | −0.11 | −1.63 | −0.05 | −0.03 | |
| Basic (in shares) | 613 | 204 | 657,000 | 5 | 5 | |
| Diluted (in shares) | 613 | 204 | 657,000 | 5 | 5 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 2,362 | 5,069 | 6 | 8 | 7 | |
| Accounts receivable, net | 1,145 | 3 | 3 | 2 | 2 | |
| Inventories, net | 1,497 | 0 | — | — | — | |
| Vendor rebates receivable | 427 | 0 | — | — | — | |
| Income tax receivable | 32 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 84 | 18 | 3 | 2 | 2 | |
| Total current assets | 5,546 | 5,090 | 12 | 14 | 11 | |
| Property and equipment, net | 689 | 400,000 | 503,000 | — | — | |
| Goodwill | 5,111 | 1 | 1 | 1 | 1 | |
| Intangibles, net | 3,819 | 4 | 5 | 4 | 3 | |
| Operating lease right-of-use assets, net | 690 | 300,000 | 522,000 | 328,562 | 964,990 | |
| Deferred income tax assets, net | 0 | 3 | 1 | 1 | 990,958 | |
| Other assets, net | 32 | 200,000 | 171,000 | 187,553 | 190,805 | |
| Total assets | 15,887 | 5,098 | 20 | 21 | 18 | |
| Accounts payable | 819 | 6 | 5 | 3 | 2 | |
| Accrued expenses | 574 | 39 | 3 | 2 | 2 | |
| Current portion of operating lease liabilities | 108 | 200,000 | 263,000 | 268,345 | 465,813 | |
| Current portion of finance lease liabilities | 49 | 100,000 | 154,000 | 214,990 | 166,571 | |
| Total current liabilities | 1,550 | 45 | 12 | 11 | 7 | |
| Long-term debt, net | 3,057 | 0 | 994,000 | 671,014 | 463,602 | |
| Deferred income tax liabilities, net | 847 | 0 | — | — | — | |
| Operating lease liabilities | 562 | 100,000 | 259,000 | 60,217 | 499,177 | |
| Finance lease liabilities | 139 | 200,000 | 247,000 | 401,453 | 186,284 | |
| Other long-term liabilities | 26 | 0 | — | — | — | |
| Total liabilities | 6,181 | 45 | 13 | 12 | 9 | |
| Commitments and contingencies (Note 11) | — | — | — | 0 | — | |
| Common stock, $0.00001 par value; authorized 2,000.0 shares; 674.5 and 409.4 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | 53 | 52 | |
| Additional paid-in capital | 9,047 | 4,561 | 9 | 10 | 10 | |
| Retained earnings (accumulated deficit) | −395 | −6 | −2 | −876,590 | −594,371 | |
| Accumulated other comprehensive loss | −2 | 0 | — | — | — | |
| Total stockholders equity | 9,707 | 5,053 | 8 | 10 | — | |
| Total liabilities and stockholders equity | 15,887 | 5,098 | 20 | 21 | 18 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 108 | 200,000 | 329,000 | — | — | |
| Stock-based compensation | 145 | 34 | 41,000 | — | — | |
| Amortization of debt issuance costs | 7 | 0 | — | — | — | |
| Provision for credit losses | 14 | 0 | 115,000 | 160,000 | −44,689 | |
| Non-cash lease expense | 88 | 300,000 | 126,000 | — | — | |
| Deferred income taxes | −61 | −1 | — | — | — | |
| Accounts receivable | 160 | 200,000 | 103,000 | −466,101 | −301,928 | |
| Inventories | 288 | 0 | — | — | — | |
| Vendor rebates receivable | −187 | 0 | — | — | — | |
| Income tax receivable | −11 | 0 | — | — | — | |
| Prepaid expenses and other current assets | 20 | −12 | −179,000 | −316,130 | −784,908 | |
| Accounts payable and accrued expenses | −326 | 34 | — | — | — | |
| Other assets and liabilities | −68 | −300,000 | — | — | — | |
| Net cash provided by operating activities | 261 | 85 | 584,000 | 2 | 226,034 | |
| Capital expenditures | −78 | −100,000 | — | −150,000 | 0 | |
| Acquisition of business, net of cash acquired | −10,557 | 0 | — | — | — | |
| Other | 4 | 0 | — | — | — | |
| Net cash used in investing activities | −10,630 | −100,000 | −400,000 | −188,742 | −510,464 | |
| Borrowings under revolving lines of credit | 842 | 0 | — | — | — | |
| Payments under revolving lines of credit | −842 | 0 | — | — | — | |
| Borrowings under term loan | 2,250 | 0 | — | — | — | |
| Payments under term loan | −1,400 | 0 | — | — | — | |
| Borrowings under senior notes | 2,250 | 0 | — | — | — | |
| Payment of debt issuance costs | −115 | 0 | — | — | — | |
| Payment of other debt | 0 | −2 | — | — | — | |
| Payments under equipment financing facilities and finance leases | −30 | −200,000 | — | — | — | |
| Proceeds from issuance of common stock related to equity awards | 19 | 0 | — | — | — | |
| Proceeds from issuance of common stock, net of issuance costs | 4,256 | 0 | — | — | — | |
| Proceeds from issuance of Mandatory Convertible Preferred Stock, net of issuance costs | 558 | 0 | — | — | — | |
| Proceeds from issuance of Convertible Preferred Stock and warrants, net of issuance costs | 0 | 982 | 0 | — | — | |
| Proceeds from the issuance of common stock and pre-funded warrants, net of issuance costs | 0 | 4,051 | 0 | — | — | |
| Payment of taxes related to net share settlement of equity awards | −21 | 0 | — | — | — | |
| Payment of common-stock dividend | 0 | −17 | −1 | — | — | |
| Payment of dividends on Convertible Preferred Stock | −90 | −32 | 0 | — | — | |
| Payment of dividends on Mandatory Convertible Preferred Stock | −15 | 0 | — | — | — | |
| Net cash provided by financing activities | 7,663 | 4,981 | −2 | −655,134 | 503,131 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | −500,000 | 0 | — | — | — | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −2,707 | 5,066 | — | — | — | |
| Interest | 138 | 100,000 | 57,000 | 40,193 | 45,116 | |
| Income taxes, net of refunds | 38 | 0 | 301,000 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is QXO, Inc.'s CIK number?
QXO, Inc.'s SEC CIK number is 0001236275 (1236275). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find QXO, Inc.'s SEC filings?
All of QXO, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did QXO, Inc. last report earnings?
QXO, Inc. (QXO) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-034120). This is QXO, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is QXO, Inc.'s most recent earnings 8-K?
QXO, Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001628280-26-034120. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View QXO, Inc.'s latest earnings 8-K →
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