Financial Statements — QXO
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 2.77 | 3.05 | 2.31 | 2.28 | 5.08 | 5.04 | 0.97 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Accounts Receivable | 1.78 | 1.14 | 1.56 | 1.58 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory | 2.07 | 1.67 | 1.66 | 1.85 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 10.35 | 6.46 | 6.22 | 6.49 | 5.10 | 5.06 | 0.98 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Property, Plant & Equipment | 0.83 | 0.66 | 0.69 | 0.70 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 6.21 | 5.13 | 5.07 | 5.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 4.40 | 3.70 | 3.94 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 12.32 | 10.20 | 10.43 | 10.62 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Assets | 22.67 | 16.66 | 16.64 | 17.11 | 5.11 | 5.06 | 0.99 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Accounts Payable | 1.51 | 1.17 | 1.28 | 1.43 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 2.52 | 1.94 | 2.03 | 2.17 | 0.05 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Long-term Debt | 6.03 | 3.06 | 3.05 | 3.05 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Liabilities* | 7.81 | 4.56 | 4.79 | 5.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 10.33 | 6.50 | 6.82 | 7.20 | 0.05 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Retained Earnings | (0.76) | (0.65) | (0.27) | (0.10) | (0.02) | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 |
| Total Stockholder Equity | 10.38 | 10.16 | 9.82 | 9.92 | 5.06 | 5.04 | 0.97 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 3.25 | 1.73 | 2.19 | 2.73 | 1.91 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Cost of Revenue | 2.44 | 1.32 | 1.66 | 2.09 | 1.50 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Gross Profit* | 0.80 | 0.41 | 0.53 | 0.64 | 0.40 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling, General & Admin | 0.65 | 0.50 | 0.44 | 0.45 | 0.46 | 0.04 | 0.04 | 0.04 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Operating Expenses | 0.85 | 0.66 | 0.60 | 0.61 | 0.56 | 0.04 | 0.04 | 0.04 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | (0.04) | (0.25) | (0.07) | 0.03 | (0.16) | (0.04) | (0.03) | (0.03) | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- |
| Pretax Income | (0.08) | (0.28) | (0.11) | (0.01) | (0.24) | 0.02 | 0.03 | -- | -- | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Tax Provision | (0.02) | (0.05) | (0.02) | 0.13 | (0.18) | 0.01 | 0.02 | 0.01 | -0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | -- | -- |
| Net Income | (0.05) | (0.23) | (0.09) | (0.14) | (0.06) | 0.01 | 0.01 | 0.02 | -0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
| Basic EPS | (0.14) | (0.35) | (0.21) | (0.24) | (0.15) | (0.03) | (0.01) | (0.01) | (9.93) | -- | 0.08 | (0.40) | 0.07 | -- | (0.03) | (0.02) | -- | (0.08) | (0.05) | 0.03 |
| Diluted EPS | (0.14) | (0.35) | (0.21) | (0.24) | (0.15) | (0.03) | (0.01) | (0.01) | (9.93) | -- | 0.08 | (0.40) | 0.07 | -- | (0.03) | (0.02) | -- | (0.08) | (0.05) | 0.03 |
* Derived from reported values
Cash Flow Statement
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (0.22) | 0.07 | 0.19 | 0.21 | (0.17) | 0.04 | 0.05 | 0.03 | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 |
| Capital Expenditures | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 |
| Free Cash Flow* | (0.25) | 0.05 | 0.16 | 0.18 | (0.19) | 0.04 | 0.05 | 0.03 | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 |
| Investing Cash Flow | (2.00) | (0.02) | (0.03) | (0.03) | (10.57) | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Financing Cash Flow | 4.94 | 0.63 | (0.11) | (0.16) | 7.95 | (0.02) | (0.02) | 4.04 | 0.97 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q3
2023 | Q2
2021 | Q1
2020 | Q1
2019 | Q2
2017 | Q1
2017 | Q1
2016 |
|---|
| Dividends Per Share | 0.20 | 0.60 | 0.50 | 0.05 | 0.02 | 0.02 | 0.06 |
