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$13.73-0.4%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 Mezzanine Equity and Stockholders’ Equity

Mezzanine Equity · Stockholders’ Equity
Series C Preferred Stock · 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 · Shares · Amount · Total
Balance as of March 31, 2026	—		$—			0.6			$558			1.0			$499		710.8			$—			$9,760			$(652)	$—	$10,165
Issuance of Series C Preferred Stock, net of issuance costs	0.2	1,993			—		—			—			—		—		—		—		—			—		—
Reclassification of Series C Preferred Stock commitment costs to mezzanine equity upon issuance	—	(32)			—		—			—			—		—		—		32		—			—		32
Series C Preferred Stock dividend	—	—			—		—			—			—		—		—		—		(23)			—		(23)
Mandatory Convertible Preferred Stock dividend	—	—			—		—			—			—		—		—		—		(8)			—		(8)
Convertible Preferred Stock dividend	—	—			—		—			—			—		—		—		—		(23)			—		(23)
Common stock issued as partial consideration for Kodiak Acquisition	—	—			—		—			—			—		13.3		—		257		—			—		257
Proceeds from stock option exercises	—	—			—		—			—			—		0.2		—		1		—			—		1
Vesting of stock-based compensation awards	—	—			—		—			—			—		1.1		—		—		—			—		—
Stock-based compensation	—	—			—		—			—			—		—		—		29		—			—		29
Other comprehensive income	—	—			—		—			—			—		—		—		—		—			3		3
Net loss				—		—		—			—			—		—		—		(55)		—			(55)
Balance as of June 30, 2026	0.2	$1,961			0.6		$558			1.0			$499		725.4		$—			$10,079			$(761)			$3	$10,378
Balance as of March 31, 2025	—		$—			—			$—			1.0			$499		409.4			$—			$4,581			$(20)	$—	$5,060
Issuance of Mandatory Convertible Preferred Stock, net of issuance costs	—	—			0.6		558			—			—		—		—		—		—			—		558
Mandatory Convertible Preferred Stock dividend	—	—			—		—			—			—		—		—		—		(3)			—		(3)
Convertible Preferred Stock dividend	—	—			—		—			—			—		—		—		—		(23)			—		(23)
Issuance of common stock, net of issuance costs	—	—			—		—			—			—		254.9		—		4,218		—			—		4,218
Proceeds from stock option exercises	—	—			—		—			—			—		2.9		—		14		—			—		14
Awards assumed in acquisition	—	—			—		—			—			—		—		—		88		—			—		88
Vesting of stock-based compensation awards	—	—			—		—			—			—		4.4		—		—		—			—		—
Stock-based compensation	—	—			—		—			—			—		—		—		65		—			—		65
Other comprehensive loss	—	—			—		—			—			—		—		—		—		—			(3)		(3)
Net loss	—	—			—		—			—			—		—		—		—		(59)			—		(59)
Balance as of June 30, 2025	—	$—			0.6		$558			1.0			$499		671.6		$—			$8,966			$(105)			$(3)	$9,915

Condensed Consolidated Statements of Mezzanine Equity and Stockholders’ Equity

Mezzanine Equity · Stockholders’ Equity
Series C Preferred Stock · 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 · Shares · Amount · Total
Balance as of December 31, 2025	—		$—		0.6		$558		1.0		$499	674.5		$—		$9,047		$(395)	$(2)	$9,707
Series C Preferred Stock commitment	—	—		—		—		—		—	—	—	(47)		—		—	(47)
Issuance of Series C Preferred Stock, net of issuance costs	0.2	1,993		—		—		—		—	—	—	—		—		—	—
Reclassification of Series C Preferred Stock commitment costs to mezzanine equity upon issuance	—	(32)		—		—		—		—	—	—	32		—		—	32
Series C Preferred Stock dividend	—	—		—		—		—		—	—	—	—		(23)		—	(23)
Mandatory Convertible Preferred Stock dividend	—	—		—		—		—		—	—	—	—		(16)		—	(16)
Convertible Preferred Stock dividend	—	—		—		—		—		—	—	—	—		(45)		—	(45)
Issuance of common stock, net of issuance costs	—	—		—		—		—		—	31.6	—	748		—		—	748
Common stock issued as partial consideration for Kodiak Acquisition	—	—		—		—		—		—	13.3	—	257		—		—	257
Proceeds from stock option exercises	—	—		—		—		—		—	0.4	—	2		—		—	2
Vesting of stock-based compensation awards	—	—		—		—		—		—	5.6	—	—		—		—	—
Tax withholdings for stock-based compensation awards	—	—		—		—		—		—	—	—	(28)		—		—	(28)
Stock-based compensation	—	—		—		—		—		—	—	—	68		—		—	68
Other comprehensive income	—	—		—		—		—		—	—	—	—		—		5	5
Net loss	—	—		—		—		—		—	—	—	—		(282)		—	(282)
Balance as of June 30, 2026	0.2	$1,961		0.6		$558		1.0		$499	725.4	$—		$10,079		$(761)		$3	$10,378
Balance as of December 31, 2024	—		$—		—		$—		1.0		$499	409.4		$—		$4,561		$(7)	$—	$5,053
Issuance of Mandatory Convertible Preferred Stock, net of issuance costs	—	—		0.6		558		—		—	—	—	—		—		—	558
Mandatory Convertible Preferred Stock dividend	—	—		—		—		—		—	—	—	—		(3)		—	(3)
Convertible Preferred Stock dividend	—	—		—		—		—		—	—	—	—		(45)		—	(45)
Issuance of common stock, net of issuance costs	—	—		—		—		—		—	254.9	—	4,218		—		—	4,218
Proceeds from stock option exercises	—	—		—		—		—		—	2.9	—	14		—		—	14
Awards assumed in acquisition	—	—		—		—		—		—	—	—	88		—		—	88
Vesting of stock-based compensation awards	—	—		—		—		—		—	4.4	—	—		—		—	—
Stock-based compensation	—	—		—		—		—		—	—	—	85		—		—	85
Other comprehensive loss	—	—		—		—		—		—	—	—	—		—		(3)	(3)
Net loss	—	—		—		—		—		—	—	—	—		(50)		—	(50)
Balance as of June 30, 2025	—	$—		0.6		$558		1.0		$499	671.6	$—		$8,966		$(105)		$(3)	$9,915

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.