QXO, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
QXO$13.78+19.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in millions, except per share amounts)
| December 31,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $2,361.6 | $5,068.5 |
| Accounts receivable, net | 1,145.1 | 2.7 |
| Inventories, net | 1,497.3 | — |
| Vendor rebates receivable | 427.0 | — |
| Income tax receivable | 31.6 | — |
| Prepaid expenses and other current assets | 83.7 | 18.4 |
| Total current assets | 5,546.3 | 5,089.6 |
| Property and equipment, net | 688.6 | 0.4 |
| Goodwill | 5,111.3 | 1.2 |
| Intangibles, net | 3,819.1 | 4.0 |
| Operating lease right-of-use assets, net | 689.6 | 0.3 |
| Deferred income tax assets, net | — | 2.6 |
| Other assets, net | 32.4 | 0.2 |
| Total assets | $15,887.3 | $5,098.3 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $819.0 | $6.2 |
| Accrued expenses | 574.3 | 38.6 |
| Current portion of operating lease liabilities | 107.5 | 0.2 |
| Current portion of finance lease liabilities | 49.2 | 0.1 |
| Total current liabilities | 1,550.0 | 45.1 |
| Long-term debt, net | 3,057.3 | — |
| Deferred income tax liabilities, net | 847.2 | — |
| Operating lease liabilities | 561.8 | 0.1 |
| Finance lease liabilities | 138.7 | 0.2 |
| Other long-term liabilities | 25.5 | — |
| Total liabilities | 6,180.5 | 45.4 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity: | ||
| Mandatory Convertible Preferred Stock, $0.001 par value; 0.6 shares and 0.0 shares authorized, issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 558.1 | — |
| Convertible Preferred Stock, $0.001 par value; authorized 10.0 shares, 1.0 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | 498.6 | 498.6 |
| 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 | — | — |
| Additional paid-in capital | 9,046.9 | 4,560.5 |
| Retained earnings (accumulated deficit) | (394.5) | (6.2) |
| Accumulated other comprehensive loss | (2.3) | — |
| Total stockholders’ equity | 9,706.8 | 5,052.9 |
| Total liabilities and stockholders’ equity | $15,887.3 | $5,098.3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.