QXO, Inc. QXO

Industrials SIC 5030 - Wholesale-Lumber & Other Construction Materials NYSE

QXO, Inc. ("QXO", "we", "our", or the "Company") was created to build a tech-forward leader in the approximately $800 billion building products distribution sector.

The Company was formerly known as SilverSun Technologies, Inc. ("SilverSun"). On June 6, 2024, we changed the Company's name from SilverSun to QXO. Prior to the Beacon Acquisition (as defined below), QXO was primarily a technology solutions and professional services company, providing critical software applications, consulting and other professional services, including specialized programming, training and technical support to small and mid-size companies in the manufacturing, distribution and services industries.

On April 29, 2025, the Company completed its acquisition of Beacon Roofing Supply, Inc. ("Beacon"), pursuant to the Agreement and Plan of Merger, dated as of March 20, 2025 (the "Merger Agreement"), by and among QXO, Beacon, and Queen MergerCo, Inc., a Delaware corporation and wholly owned subsidiary of QXO ("Merger Sub"). Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into Beacon (the "Beacon Acquisition"), with Beacon surviving as a wholly owned subsidiary of QXO and being renamed QXO Building Products, Inc. ("QXO Building Products"). QXO Building Products has served the building industry for over 95 years and operates approximately 600 branches throughout all 50 states in the U.S. and seven provinces in Canada. QXO Building Products offers an extensive range of high-quality professional grade exterior products and serves over 110,000 residential and non-residential customers. QXO Building Products' scale and leading position in the roofing and complementary building products distribution market made it the ideal initial acquisition for QXO's value creation playbook.

Last close 13.35 2026-09-04
Market cap $13.85B 2026-06-30 share count
52-week range 12.80 - 27.61

Valuation FY2025 figures against the last close

P/S2.0x
P/E
P/FCF75.6x
EV/EBITDA
Dividend yield0.0%
Diluted EPS-0.63

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.84B$56.9M$54.5M$45.0M$41.7M$41.2M$38.5M$36.1M$34.9M$34.1M
Cost of revenue $5.27B$33.8M$32.9M$27.0M$24.5M$24.6M$23.8M$22.2M$21.0M$21.4M
Gross profit $1.57B$23.1M$21.6M$18.0M$17.2M$16.6M$14.7M$13.9M$13.9M$12.7M
SG&A $1.39B$93.0M$22.1M$9.5M$9.4M$8.3M$8.8M$8.0M$7.4M$6.4M
Total operating expenses $1.82B$94.1M$22.9M$18.3M$17.4M$16.4M$16.6M$15.0M$12.9M$11.5M
Operating income -$245.2M-$71.0M-$1.3M-$385.4K-$231.0K$223.4K-$1.9M-$1.2M$939.3K$1.3M
Interest expense $173.5M$100.0K$76.0K$89.0K$46.8K$13.6K$39.8K$41.7K$31.7K$64.7K
Pre-tax income -$337.1M$50.8M-$1.4M-$474.4K$43.6K$223.0K-$1.9M-$1.2M$907.6K$1.2M
Income tax $57.7M$22.8M$297.0K$192.2K$178.0K$47.4K$455.0K$281.2K$1.4M$2.2M
Net income -$279.4M$28.0M-$1.1M-$282.2K-$134.4K$175.6K$6.8M$262.4K-$486.5K$3.4M
EPS, basic -0.63-0.11-1.63-0.05-0.030.041.510.06-0.110.78
EPS, diluted -0.63-0.11-1.63-0.05-0.030.041.510.06-0.110.77
Shares, diluted (wtd. avg.) $613.0M$204.0M$657.0K$5.2M$5.0M$4.5M$4.5M$4.5M$4.5M$4.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $2.36B$5.07B$6.2M$8.0M$6.8M$6.6M$8.7M$1.9M$2.2M$1.6M
Receivables $1.15B$2.7M$3.0M$2.2M$1.9M$1.6M$2.5M$1.9M$2.3M$2.5M
Inventory $1.50B$0
Total current assets $5.55B$5.09B$11.8M$13.7M$10.7M$8.6M$13.0M$4.9M$5.4M$4.9M
Property, plant and equipment $503.3K$711.3K$636.9K$523.0K$712.6K$688.1K$567.5K$466.2K
Goodwill $5.11B$1.2M$1.1M$1.1M$1.0M$1.0M$891.0K$885.0K$401.0K$401.0K
Other intangibles $3.82B$4.0M$4.9M$4.3M$3.5M$3.1M$2.6M$2.9M$2.6M$2.4M
Total assets $15.89B$5.10B$20.5M$21.4M$18.0M$15.9M$19.0M$11.7M$10.4M$10.7M
Accounts payable $819.0M$6.2M$4.6M$3.3M$2.0M$1.9M$2.2M$2.0M$2.1M$1.8M
Short-term debt $0$702.0K$680.1K$293.7K$99.9K$131.8K$154.7K$257.8K$306.7K
Total current liabilities $1.55B$45.1M$11.5M$10.8M$7.4M$6.7M$8.7M$6.2M$5.8M$5.1M
Long-term debt $3.06B$0$994.0K$671.0K$463.6K$290.9K$64.1K$73.9K$228.6K$486.5K
Total liabilities $6.18B$45.4M$13.0M$11.9M$8.6M$8.6M$10.1M$7.4M$6.2M$5.7M
Retained earnings -$394.5M-$6.2M-$1.9M-$876.6K-$594.4K-$459.9K-$635.6K-$7.4M-$7.7M-$7.2M
Total equity $9.71B$5.05B$7.5M$9.6M$9.4M$7.3M$8.9M$4.3M$4.2M$5.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $261.4M$84.8M$584.0K$2.0M$226.0K$1.7M-$903.3K-$267.5K$2.3M$1.8M
Depreciation and amortisation $108.4M$200.0K$828.0K$386.8K$346.2K$314.4K$338.1K$326.3K$255.4K$232.3K
Stock-based compensation $144.5M$34.4M$41.0K$180.3K$441.3K$10.2K$16.9K$73.3K$101.7K$42.8K
Capital expenditure $78.2M$100.0K$121.0K$38.7K$114.8K$124.8K$70.7K$146.0K$241.2K$184.8K
Investing cash flow -$10.63B-$100.0K-$400.0K-$188.7K-$510.5K$839.8K$8.2M-$697.8K-$815.5K-$496.7K
Financing cash flow $7.66B$4.98B-$2.0M-$655.1K$503.1K-$4.6M-$870.2K-$565.5K-$879.0K-$869.7K
Dividends paid $0$17.4M$1.1M$0$3.1M$1.8M$2.3M$225.0K$179.6K$89.6K
Buybacks $0$3.7K$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012601.

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