QXO, Inc.

For the period ended Jun 30, 2025. Filed Aug 14, 2025.

About 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, 2025 · Filed Aug 14, 2025

QXO$13.73-0.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Stockholders' Equity

Mandatory Convertible Preferred Stock · Convertible Preferred Stock · Common Stock · Additional Paid-in Capital · Retained Earnings (Accumulated Deficit) · Accumulated Other Comprehensive Income (Loss)
Shares · Amount · Shares · Amount · Shares · Amount · Total
Balance as of March 31, 2025	—		$—		1.0		$498.6		409.4	$—	$4,580.7	$(20.0)	$—	$5,059.3
Issuance of Mandatory Convertible Preferred Stock, net of issuance costs	0.6		558.1		—		—		—	—	—	—	—	558.1
Mandatory Convertible Preferred Stock dividend	—		—		—		—		—	—	—	(3.1)	—	(3.1)
Convertible Preferred Stock dividend	—		—		—		—		—	—	—	(22.5)	—	(22.5)
Issuance of common stock, net of issuance costs	—		—		—		—		254.9	—	4,218.4	—	—	4,218.4
Proceeds from stock option exercises	—		—		—		—		2.9	—	14.3	—	—	14.3
Awards assumed in acquisition	—		—		—		—		—	—	87.5	—	—	87.5
Vesting of stock-based compensation awards	—		—		—		—		4.4	—	(0.1)	—	—	(0.1)
Stock-based compensation	—		—		—		—		—	—	65.0	—	—	65.0
Other comprehensive loss	—		—		—		—		—	—	—	—	(3.1)	(3.1)
Net loss	—		—		—		—		—	—	—	(58.5)	—	(58.5)
Balance as of June 30, 2025	0.6	$558.1		1.0		$498.6		671.6	$—	$8,965.8	$(104.1)	$(3.1)	$9,915.3
Balance as of March 31, 2024	—		$—		—		$—		0.7	$—	$9.4	$(1.8)	$—	$7.6
Issuance of Convertible Preferred Stock and Warrants, net of issuance costs	—		—		1.0		498.6		—	—	483.0	—	—	981.6
Common stock dividend	—		—		—		—		—	—	(17.4)	—	—	(17.4)
Net loss	—		—		—		—		—	—	—	(0.6)	—	(0.6)
Balance as of June 30, 2024	—	$—		1.0		$498.6		0.7	$—	$475.0	$(2.4)	$—	$971.2

Condensed Consolidated Statements of Stockholders’ Equity

Mandatory Convertible Preferred Stock · Convertible Preferred Stock · Common Stock · Additional Paid-in Capital · Retained Earnings (Accumulated Deficit) · Accumulated Other Comprehensive Income (Loss)
Shares · Amount · Shares · Amount · Shares · Amount · Total
Balance as of December 31, 2024	—		$—		1.0		$498.6		409.4	$—	$4,560.5	$(6.2)	$—	$5,052.9
Issuance of Mandatory Convertible Preferred Stock, net of issuance costs	0.6		558.1		—		—		—	—	—	—	—	558.1
Mandatory Convertible Preferred Stock dividend	—		—		—		—		—	—	—	(3.1)	—	(3.1)
Convertible Preferred Stock dividend	—		—		—		—		—	—	—	(45.0)	—	(45.0)
Issuance of common stock, net of issuance costs	—		—		—		—		254.9	—	4,218.4	—	—	4,218.4
Proceeds from stock option exercises	—		—		—		—		2.9	—	14.3	—	—	14.3
Awards assumed in acquisition	—		—		—		—		—	—	87.5	—	—	87.5
Vesting of stock-based compensation awards	—		—		—		—		4.4	—	(0.1)	—	—	(0.1)
Stock-based compensation	—		—		—		—		—	—	85.2	—	—	85.2
Other comprehensive loss	—		—		—		—		—	—	—	—	(3.1)	(3.1)
Net loss	—		—		—		—		—	—	—	(49.8)	—	(49.8)
Balance as of June 30, 2025	0.6	$558.1		1.0		$498.6		671.6	$—	$8,965.8	$(104.1)	$(3.1)	$9,915.3
Balance as of December 31, 2023	—		$—		—		$—		0.7	$—	$9.4	$(1.9)	$—	$7.5
Issuance of Convertible Preferred Stock and Warrants, net of issuance costs	—		—		1.0		498.6		—	—	483.0	—	—	981.6
Common stock dividend	—		—		—		—		—	—	(17.4)	—	—	(17.4)
Net loss	—		—		—		—		—	—	—	(0.5)	—	(0.5)
Balance as of June 30, 2024	—	$—		1.0		$498.6		0.7	$—	$475.0	$(2.4)	$—	$971.2

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.