QXO Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
QXO$13.73-0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheetsasof June 30, and December 31,
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
| ASSETS | June 30, 2024 | December 31, 2023 |
|---|---|---|
| Current assets: · (unaudited) | ||
| Cash and cash equivalents | $971,284 | $6,143 |
| Accounts receivable, net | 3,015 | 2,969 |
| Prepaid expenses and other current assets | 5,539 | 2,684 |
| Total current assets | 979,838 | 11,796 |
| Property and equipment, net | 511 | 503 |
| Operating lease right-of-use assets | 380 | 522 |
| Intangible assets, net | 4,486 | 4,919 |
| Goodwill | 1,140 | 1,140 |
| Deferred tax assets | 1,614 | 1,444 |
| Other non-current assets | 216 | 171 |
| Total assets | $988,185 | $20,495 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $6,194 | $4,563 |
| Accrued expenses | 5,397 | 2,681 |
| Deferred revenue | 3,113 | 3,161 |
| Long-term debt – current portion | 784 | 702 |
| Finance lease obligations – current portion | 141 | 154 |
| Operating lease liabilities – current portion | 217 | 263 |
| Total current liabilities | 15,846 | 11,524 |
| Long-term debt net of current portion | 693 | 994 |
| Finance lease obligations net of current portion | 247 | 247 |
| Operating lease liabilities net of current portion | 164 | 259 |
| Total liabilities | 16,950 | 13,024 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.001 par value; authorized 10,000,000 shares, 1,000,000 and 0 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively | 498,684 | — |
| Common stock, $0.00001 par value; authorized 2,000,000,000 shares, 664,284 and 664,448 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively1 | — | — |
| Additional paid-in capital | 474,951 | 9,419 |
| Accumulated deficit | (2,400) | (1,948) |
| Total stockholders’ equity | 971,235 | 7,471 |
| Total liabilities and stockholders’ equity | $988,185 | $20,495 |
1 Amounts have been adjusted to reflect the 8-for-1 Reverse Stock Split effective June 6, 2024. See Note 3 -Equity for additional details.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.