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QXO Announces Third Quarter 2026 Preliminary Financial Information

QXO
  • QXO, Inc. announced preliminary financial results for the third quarter of 2026 with net sales of approximately $4.90 billion, a 79% increase from $2.73 billion in the same period in 2025.
  • The company reported a GAAP net loss of approximately $123 million, improving from a $139 million loss in the third quarter of 2025.
  • Adjusted EBITDA reached approximately $557 million, representing an 85% increase from $301 million in the third quarter of 2025.
  • The third quarter 2026 results include the financial performance of Kodiak Building Partners, Inc. from April 1, 2026, and TopBuild Corp. from July 1, 2026, which were not included in 2025 results.
  • The preliminary unaudited financial data is subject to change pending the completion of quarter-end accounting procedures.
  • QXO operates as North America's largest distributor of insulation, second-largest distributor of roofing products, second-largest publicly traded distributor of lumber, and largest distributor of waterproofing products.
  • The company aims to achieve $50 billion in annual revenue within the decade through acquisitions and organic growth.
  • Adjusted EBITDA excludes depreciation, amortization, stock-based compensation, interest, taxes, restructuring costs, transaction costs, transformation costs, and inventory fair value adjustments.
  • Forward-looking statements in the release are subject to risks including integration challenges, supply chain issues, labor disputes, economic conditions, and potential goodwill impairments.
  • The full third quarter 2026 results are expected to be reported on November 12, 2026.