QXO, Inc.

For the period ended Jun 30, 2026. Filed Aug 14, 2026.

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, 2026 · Filed Aug 14, 2026

QXO$13.78+19.2%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

(in millions, except per share amounts)

	June 30,2026	December 31,2025
Assets
Current assets:
Cash and cash equivalents	$2,774	$2,362
Accounts receivable, net	1,782	1,145
Inventories, net	2,072	1,497
Vendor rebates receivable	531	427
Income tax receivable	45	31
Prepaid expenses and other current assets	3,144	84
Total current assets	10,348	5,546
Property and equipment, net	825	689
Goodwill	6,211	5,111
Intangibles, net	4,402	3,819
Operating lease right-of-use assets, net	824	690
Other assets, net	55	32
Total assets	$22,665	$15,887
Liabilities, Mezzanine Equity and Stockholders’ Equity
Current liabilities:
Accounts payable	$1,505	$819
Accrued expenses	821	574
Current portion of operating lease liabilities	136	108
Current portion of finance lease liabilities	53	49
Total current liabilities	2,515	1,550
Borrowings under revolving lines of credit	11	—
Long-term debt, net	6,029	3,057
Deferred income tax liabilities, net	929	847
Operating lease liabilities	678	562
Finance lease liabilities	130	139
Other long-term liabilities	34	25
Total liabilities	10,326	6,180
Commitments and contingencies (Note 11)
Mezzanine equity:
Series C Preferred Stock, $0.001 par value per share; 0.2 shares and 0.0 shares authorized, issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	1,961	—
Stockholders’ equity:
Mandatory Convertible Preferred Stock, $0.001 par value per share; 0.6 shares authorized, issued and outstanding as of June 30, 2026 and December 31, 2025	558	558
Convertible Preferred Stock, $0.001 par value per share; authorized 10.0 shares, 1.0 shares issued and outstanding as of June 30, 2026 and December 31, 2025	499	499
Common stock, $0.00001 par value per share; authorized 2,000.0 shares; 725.4 and 674.5 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively	—	—
Additional paid-in capital	10,079	9,047
Retained earnings (accumulated deficit)	(761)	(395)
Accumulated other comprehensive income (loss)	3	(2)
Total stockholders’ equity	10,378	9,707
Total liabilities, mezzanine equity and stockholders’ equity	$22,665	$15,887

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.