For the year ending 2025-12-31, QXO-PB has $15,887,300,000 in assets. $6,180,500,000 in debts. $2,361,600,000 in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 2,361,600,000 | 5,068,504,000 | 6,143,298 | 8,008,633 |
| Accounts receivable, net | 1,145,100,000 | 2,736,000 | 2,968,875 | 2,232,960 |
| Inventories, net | 1,497,300,000 | - | - | - |
| Unbilled services | - | - | 194,407 | 367,165 |
| Vendor rebates receivable | 427,000,000 | - | - | - |
| Deferred charges | - | - | 735,908 | 1,516,895 |
| Income tax receivable | 31,600,000 | - | - | - |
| Prepaid expenses and other current assets | 83,700,000 | 18,339,000 | 1,753,849 | 1,573,615 |
| Total current assets | 5,546,300,000 | 5,089,579,000 | 11,796,337 | 13,699,268 |
| Property and equipment, net | 688,600,000 | 445,000 | - | - |
| Goodwill | 5,111,300,000 | 1,160,000 | 1,139,952 | 1,139,952 |
| Property and equipment | - | - | 4,108,203 | 3,987,276 |
| Less accumulated depreciation | - | - | 3,604,856 | 3,275,962 |
| Property and equipment, net | - | - | 503,347 | 711,314 |
| Intangibles, net | 3,819,100,000 | 4,024,000 | 4,918,849 | 4,265,353 |
| Operating lease right-of-use assets, net | 689,600,000 | 259,000 | 521,866 | 328,562 |
| Deferred income tax assets, net | 0 | 2,603,000 | 1,443,902 | 1,106,065 |
| Other assets, net | 32,400,000 | 192,000 | 171,448 | 187,553 |
| Total assets | 15,887,300,000 | 5,098,262,000 | 20,495,701 | 21,438,067 |
| Accounts payable | 819,000,000 | 6,194,000 | 4,563,248 | 3,272,555 |
| Accrued expenses | 574,300,000 | 35,692,000 | 2,654,920 | 2,432,703 |
| Accrued interest | - | - | 24,507 | 23,757 |
| Income taxes payable | - | - | - | 0 |
| Deferred revenue | - | 2,900,000 | - | - |
| Long-term debt current portion | - | 0 | 701,749 | 680,146 |
| Current portion of operating lease liabilities | 107,500,000 | 188,000 | 262,733 | 268,345 |
| Long term debt related party - current portion | - | - | 0 | 103,333 |
| Deferred revenue | - | - | 3,161,082 | 3,757,090 |
| Current portion of finance lease liabilities | 49,200,000 | 128,000 | 154,336 | 214,990 |
| Total current liabilities | 1,550,000,000 | 45,102,000 | 11,522,575 | 10,752,919 |
| Long-term debt, net | 3,057,300,000 | 0 | 994,266 | 671,014 |
| Deferred income tax liabilities, net | 847,200,000 | - | - | - |
| Operating lease liabilities | 561,800,000 | 71,000 | 259,133 | 60,217 |
| Finance lease liabilities | 138,700,000 | 190,000 | 247,117 | 401,453 |
| Other long-term liabilities | 25,500,000 | - | - | - |
| Total liabilities | 6,180,500,000 | 45,363,000 | 13,023,091 | 11,885,603 |
| Preferred stock, value-Series APreferred Stock | - | - | 0 | - |
| Preferred stock, 0.001 par value authorized 10,000,000 shares, 1,000,000 and 0 shares issued and outstanding as of december31, 2024 and december31, 2023, respectively | - | 498,621,000 | - | - |
| Preferred stock-Mandatory Convertible Preferred Stock | 558,100,000 | - | - | - |
| Common stock, 0.00001 par value authorized 2,000,000,000 shares, 409,430,195 and 664,448 shares issued and outstanding as of december31, 2024 and december31, 2023, respectively | - | 4,000 | 53 | - |
| Preferred stock-Convertible Preferred Stock | 498,600,000 | - | - | - |
| Additional paid-in capital | 9,046,900,000 | 4,560,503,000 | 9,419,242 | - |
| Retained earnings (accumulated deficit) | -394,500,000 | -6,229,000 | -1,946,685 | - |
| Accumulated other comprehensive loss | -2,300,000 | - | - | - |
| Total stockholders equity | 9,706,800,000 | 5,052,899,000 | 7,472,610 | 9,552,464 |
| Total liabilities and stockholders equity | 15,887,300,000 | 5,098,262,000 | 20,495,701 | 21,438,067 |
QXO, Inc. (QXO-PB)
QXO, Inc. (QXO-PB)