QXO Inc
For the period ended Dec 31, 2024. Filed Mar 4, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 4, 2025
QXO$13.78+19.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(in thousands, except share and per share data)
| December 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $5,068,504 | $6,143 |
| Accounts receivable, net | 2,736 | 2,969 |
| Prepaid expenses and other current assets | 18,339 | 2,684 |
| Total current assets | 5,089,579 | 11,796 |
| Property and equipment, net | 445 | 503 |
| Operating lease right-of-use assets | 259 | 522 |
| Intangible assets, net | 4,024 | 4,919 |
| Goodwill | 1,160 | 1,140 |
| Deferred tax assets | 2,603 | 1,444 |
| Other non-current assets | 192 | 171 |
| Total assets | $5,098,262 | $20,495 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $6,194 | $4,563 |
| Accrued expenses | 35,692 | 2,681 |
| Deferred revenue | 2,900 | 3,161 |
| Long-term debt – current portion | — | 702 |
| Finance lease obligations – current portion | 128 | 154 |
| Operating lease liabilities – current portion | 188 | 263 |
| Total current liabilities | 45,102 | 11,524 |
| Long-term debt net of current portion | — | 994 |
| Finance lease obligations net of current portion | 190 | 247 |
| Operating lease liabilities net of current portion | 71 | 259 |
| Total liabilities | 45,363 | 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 December 31, 2024 and December 31, 2023, respectively | 498,621 | — |
| Common stock, $0.00001 par value; authorized 2,000,000,000 shares, 409,430,195 and 664,448 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively1 | 4 | — |
| Additional paid-in capital | 4,560,503 | 9,419 |
| Accumulated deficit | (6,229) | (1,948) |
| Total stockholders’ equity | 5,052,899 | 7,471 |
| Total liabilities and stockholders’ equity | $5,098,262 | $20,495 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.