$QXO · QXO, Inc.
QXO issued a press release (Exhibit 99.1) announcing preliminary Q3 2026 results for the three months ended September 30, 2026. Net sales were approximately $4.90B, up 79% from $2.73B a year earlier. GAAP net loss narrowed to approximately $123M from $139M, while Adjusted EBITDA rose 85% to approximately $557M from $301M. Results include Kodiak Building Partners (from April 1, 2026) and TopBuild (from July 1, 2026), neither in the prior-year period.
- Net sales of ~$4.90B, up 79% from $2.73B in Q3 2025.
- Adjusted EBITDA of ~$557M, up 85% from $301M.
- GAAP net loss narrowed to ~$123M from $139M.
- Results include Kodiak (April 1) and TopBuild (July 1) acquisitions.
- Adjusted EBITDA margin was 11.4% versus 11.1% a year ago.
Extended-hours last trade $11.85, up +2.51% vs the $11.56 regular close, suggesting a mildly positive initial reaction to the preliminary results.
QXO's acquisition-driven scale-up is delivering sharply higher sales and EBITDA, though GAAP losses persist.
QXO is scaling via acquisitions (Kodiak, TopBuild, Beacon Roofing) toward a $50B annual revenue target in building products distribution.
Preliminary results are unaudited and subject to change; acquisition integration, goodwill impairment, and debt obligations from the Beacon and TopBuild deals are flagged risks.