QXO · XBRL financial data
QXO financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (QXO's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 41 | 42 | 45 | 55 | — | — |
| Revenue from contracts with customers | — | — | — | 55 | 57 | 6,842 |
| Cost of revenue | 25 | 24 | 27 | 33 | 34 | — |
| Cost of goods and services sold | — | — | — | — | 34 | 5,270 |
| Gross profit | 17 | 17 | 18 | 22 | 23 | 1,573 |
| Selling, general and administrative | — | — | — | 22 | 93 | 1,395 |
| General and administrative | 8 | 9 | 9 | 10 | — | — |
| Total operating expenses | 16 | 17 | 18 | 20 | 94 | 1,818 |
| Operating income (loss) | 0 | (0) | (0) | 2 | (71) | (245) |
| Interest income | — | — | — | 0 | 122 | 126 |
| Interest expense | — | 0 | 0 | 0 | 0 | 174 |
| Other income (expense) | — | — | — | — | 0 | 6 |
| Income tax expense (benefit) | 0 | 0 | (0) | (0) | 23 | (58) |
| Net income (loss) | 0 | (0) | (0) | (1) | 28 | (279) |
| Earnings per share, basic‡ USD per share | 0.32 | (0.24) | (0.40) | (1.60) | (0.11) | (0.63) |
| Earnings per share, diluted‡ USD per share | 0.32 | (0.24) | (0.40) | (1.60) | (0.11) | (0.63) |
| Weighted average shares, basic‡ millions of shares | 1 | 1 | 1 | 1 | 204 | 613 |
| Weighted average shares, diluted‡ millions of shares | 1 | 1 | 1 | 1 | 204 | 613 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-8 stock split (June 2024); filings made before it reported them unadjusted.
- † Share count changed about 616x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Balance sheet
CSVFiscal years (QXO's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 7 | 7 | 8 | 6 | 5,069 | 2,362 |
| Accounts receivable | 2 | 2 | 2 | 3 | 3 | 1,145 |
| Inventory | — | — | — | — | 0 | 1,497 |
| Prepaid and other current assets | 0 | 2 | 2 | 2 | 18 | 84 |
| Total current assets | 9 | 11 | 14 | 12 | 5,090 | 5,546 |
| Property and equipment, net | 1 | 1 | 1 | 1 | — | — |
| Right-of-use asset | 1 | 1 | 0 | 1 | 0 | 690 |
| Goodwill | 1 | 1 | 1 | 1 | 1 | 5,111 |
| Total assets | 16 | 18 | 21 | 20 | 5,098 | 15,887 |
| Accounts payable | 2 | 2 | 3 | 5 | 6 | 819 |
| Accrued liabilities | 1 | 2 | 2 | 3 | 36 | 574 |
| Current portion of long-term debt | 0 | 0 | 1 | 1 | 0 | — |
| Total current liabilities | 7 | 7 | 11 | 12 | 45 | 1,550 |
| Long-term debt | 1 | 0 | 1 | 1 | 0 | 3,057 |
| Lease liability, non-current | 1 | 0 | 0 | 0 | 0 | 562 |
| Total liabilities | 9 | 9 | 12 | 13 | 45 | 6,181 |
| Accumulated deficit | (0) | (1) | (1) | (2) | (6) | (395) |
| Total stockholders' equity | 7 | 9 | 10 | 7 | 5,053 | 9,707 |
| Total liabilities and equity | 16 | 18 | 21 | 20 | 5,098 | 15,887 |
| Common shares outstanding (cover page)‡ millions of shares | 1 | 1 | 1 | 1 | 409 | 709 |
- ‡ Per-share figures and share counts are adjusted for the 1-for-8 stock split (June 2024); filings made before it reported them unadjusted.
- † Share count changed about 616x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Cash flows
CSVFiscal years (QXO's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | †Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 0 | (0) | (0) | (1) | 28 | (279) |
| Stock-based compensation | 0 | 0 | 0 | 0 | 35 | 145 |
| Depreciation and amortization | 0 | 0 | 0 | 0 | 1 | 108 |
| Net cash from operating activities | 2 | 0 | 2 | 1 | 85 | 261 |
| Purchases of property and equipment | 0 | 0 | 0 | 0 | 0 | — |
| Net cash from investing activities | 1 | (1) | (0) | (0) | (0) | (10,630) |
| Proceeds from issuing common stock | — | — | — | — | 0 | 19 |
| Proceeds from issuing equity | 0 | 4 | 0 | — | — | — |
| Dividends paid | 4 | 3 | 0 | 1 | 17 | 0 |
| Repayments of long-term debt | 0 | 0 | 0 | 1 | 2 | — |
| Net cash from financing activities | (5) | 1 | (1) | (2) | 4,981 | 7,663 |
| Net change in cash | — | — | — | — | 5,066 | (2,707) |
- † Share count changed about 616x in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.
Compare with peers
SIC 5030 and related industry codes, similar size; rows marked “added: same SIC” fill a short list. Each row is the latest quarter reported.
How peers are chosen
- SIC 5030 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Fewer than three companies fall in that range, so the list adds same-SIC (5030) companies nearest in public float, each marked “added: same SIC”.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
- A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| QXO | 2,774 | 3,246 | (217)* | 1.0B | — | 10-QJun 30, 2026 |
| Boise Cascade | 385 | 1,802 | 120* | 34.8M | — | 10-QSep 30, 2026 |
| Aspen Aerogelsadded: same SIC | 152 | 50 | (16)* | 83.0M | 9.4 quarters | 10-QJun 30, 2026 |
| Capstone Holdingadded: same SIC | 0.2 | not reported | (0.4)* | 20.6M | 0.6 quarters | 10-QJun 30, 2026 |
| Olenox Industriesadded: same SIC | 1.2 | 2.1 | 0.8* | 1.7M | — | 10-QJun 30, 2026 |
| SMJ International Holdingsadded: same SIC | 1.3 | year only | year only | not reported | — | 20-FMar 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.