QXO, Inc.
For the period ended Mar 31, 2026. Filed May 12, 2026.
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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.
Mar 31, 2026 · Filed May 12, 2026
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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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating Activities | ||
| Net (loss) income | $(227.1) | $8.8 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation | 47.3 | 0.1 |
| Amortization | 116.9 | 0.2 |
| Stock-based compensation | 39.2 | 20.2 |
| Amortization of debt issuance costs | 2.3 | — |
| Provision for credit losses | 11.5 | — |
| Non-cash lease expense | 32.3 | — |
| Deferred income taxes | (53.3) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 0.3 | (0.5) |
| Inventories | (183.9) | — |
| Vendor rebates receivable | (56.0) | — |
| Income tax receivable | (1.3) | — |
| Prepaid expenses and other current assets | (11.2) | (0.8) |
| Accounts payable and accrued expenses | 379.2 | 8.5 |
| Other assets and liabilities | (25.6) | — |
| Net cash provided by operating activities | 70.6 | 36.5 |
| Investing Activities | ||
| Capital expenditures | (22.5) | (0.1) |
| Other | 3.0 | (0.7) |
| Net cash used in investing activities | (19.5) | (0.8) |
| Financing Activities | ||
| Payments under equipment financing facilities and finance leases | (12.2) | — |
| Proceeds from issuance of common stock related to equity awards | 0.9 | — |
| Proceeds from issuance of common stock, net of issuance costs | 749.5 | — |
| Payment of taxes related to net share settlement of equity awards | (28.1) | — |
| Payment of costs to obtain Series C Preferred Stock commitment | (45.8) | — |
| Payment of dividends on Convertible Preferred Stock | (22.5) | (22.5) |
| Payment of dividends on Mandatory Convertible Preferred Stock | (7.9) | — |
| Net cash provided by (used in) financing activities | 633.9 | (22.5) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (0.3) | — |
| Net increase in cash, cash equivalents and restricted cash | 684.7 | 13.2 |
| Cash, cash equivalents and restricted cash, beginning of period | 2,365.4 | 5,072.0 |
| Cash, cash equivalents and restricted cash, end of period | $3,050.1 | $5,085.2 |
| Supplemental Cash Flow Information | ||
| Cash paid during the period for: | ||
| Interest | $15.4 | $— |
| Income taxes, net of refunds | $1.4 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.