QXO, Inc.

For the period ended Sep 30, 2025. Filed Nov 6, 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.

Sep 30, 2025 · Filed Nov 6, 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 Loss
Shares · Amount · Shares · Amount · Shares · Amount · Total
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
Mandatory Convertible Preferred Stock dividend	—		—		—		—		—	—	—		(7.9)		—		(7.9)
Convertible Preferred Stock dividend	—		—		—		—		—	—	—		(22.5)		—		(22.5)
Issuance of common stock, net of issuance costs	—		—		—		—		1.7	—	38.1		—		—		38.1
Proceeds from stock option exercises	—		—		—		—		0.8	—	4.2		—		—		4.2
Vesting of stock-based compensation awards	—		—		—		—		0.2	—	—		—		—		—
Stock-based compensation	—		—		—		—		—	—	31.1		—		—		31.1
Other comprehensive income	—		—		—		—		—	—	—		—		3.0		3.0
Net loss	—		—		—		—		—	—	—		(139.4)		—		(139.4)
Balance as of September 30, 2025	0.6	$558.1		1.0		$498.6		674.3	$—	$9,039.2	$(273.9)		$(0.1)		$9,821.9
Balance as of June 30, 2024	—		$—		1.0		$498.6		0.7	$—	$475.0		$(2.4)		$—		$971.2
Issuance of common stock and pre-funded warrants, net of issuance costs	—		—		—		—		408.8	—	4,051.1		—		—		4,051.1
Convertible Preferred Stock dividend	—		—		—		—		—	—		(9.8)		—		(9.8)
Stock-based compensation	—		—		—		—		—	—	14.0		—		—		14.0
Net income	—		—		—		—		—	—	—		17.2		—		17.2
Balance as of September 30, 2024	—	$—		1.0		$498.6		409.5	$—	$4,540.1	$5.0		$—		$5,043.7

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 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	—		—		—		—		—	—	—	(11.0)	—	(11.0)
Convertible Preferred Stock dividend	—		—		—		—		—	—	—	(67.5)	—	(67.5)
Issuance of common stock, net of issuance costs	—		—		—		—		256.6	—	4,256.5	—	—	4,256.5
Proceeds from stock option exercises	—		—		—		—		3.7	—	18.5	—	—	18.5
Awards assumed in acquisition	—		—		—		—		—	—	87.5	—	—	87.5
Vesting of stock-based compensation awards	—		—		—		—		4.6	—	(0.1)	—	—	(0.1)
Stock-based compensation	—		—		—		—		—	—	116.3	—	—	116.3
Other comprehensive loss	—		—		—		—		—	—	—	—	(0.1)	(0.1)
Net loss	—		—		—		—		—	—	—	(189.2)	—	(189.2)
Balance as of September 30, 2025	0.6	$558.1		1.0		$498.6		674.3	$—	$9,039.2	$(273.9)	$(0.1)	$9,821.9
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
Issuance of common stock and pre-funded warrants, net of issuance costs	—		—		—		—		408.8	—	4,051.1	—	—	4,051.1
Common stock dividend	—		—		—		—		—	—	(17.4)	—	—	(17.4)
Convertible Preferred Stock dividend	—		—		—		—		—	—	—	(9.8)	—	(9.8)
Stock-based compensation	—		—		—		—		—	—	14.0	—	—	14.0
Net income	—		—		—		—		—	—	—	16.7	—	16.7
Balance as of September 30, 2024	—	$—		1.0		$498.6		409.5	$—	$4,540.1	$5.0	$—	$5,043.7

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.