For the quarter ending 2025-09-30, QXO had $28,400K increase in cash & cash equivalents over the period. $182,400K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total net sales | 2,728,300 | 1,906,292 | 13,508 | 56,873 |
| Cost of products sold | 2,092,500 | 1,512,800 | - | - |
| Selling, general administrative expenses | 421,400 | 416,000 | - | - |
| Purchased software and services | - | - | 5,031 | 20,894 |
| Employee compensation and benefits | - | - | 12,435 | 46,984 |
| Stock-based compensation | 31,100 | 64,940 | 20,260 | 34,513 |
| Professional fees | - | - | 12,076 | 18,572 |
| General and administrative expenses | - | - | 2,713 | 5,788 |
| Other segment items | 322,700 | 3,362 | -47,762 | -97,847 |
| Net (loss) income | -139,400 | -58,555 | 8,755 | 11,289 |
| Depreciation | 39,700 | 27,244 | 56 | 49 |
| Amortization | 117,800 | 79,778 | 222 | 222 |
| Stock-based compensation | 31,100 | 64,940 | 20,260 | 20,528 |
| Amortization of debt issuance costs | 2,100 | 2,300 | - | - |
| Loss on debt extinguishment | 0 | -45,700 | - | - |
| Provision for credit losses | 4,300 | 2,685 | 15 | 25 |
| Non-cash lease expense | 42,200 | 27,853 | 47 | 61 |
| Deferred income taxes | 2,800 | 21,900 | 0 | -1,159 |
| Accounts receivable | 3,300 | 225,583 | 517 | 525 |
| Inventories | -177,500 | 15,600 | - | - |
| Vendor rebates receivable | 28,200 | 228,500 | - | - |
| Income tax receivable | -124,500 | 202,400 | - | - |
| Prepaid expenses and other current assets | -11,800 | -1,896 | 796 | 2,049 |
| Other assets | - | - | -10 | -10 |
| Accounts payable | - | - | -357 | 2,333 |
| Accrued expenses | - | - | 8,258 | 23,204 |
| Deferred revenue | - | - | 598 | 33 |
| Accounts payable and accrued expenses | -135,400 | 312,100 | - | - |
| Operating lease liabilities | - | - | -47 | -61 |
| Other assets and liabilities | 35,000 | 21,500 | - | - |
| Net cash provided by operating activities | 212,500 | -174,204 | 36,504 | 53,960 |
| Capital expenditures | 30,100 | 19,700 | - | - |
| Purchase of property and equipment | - | - | 146 | 38 |
| Acquisition of business, net of cash acquired | 0 | 10,556,500 | - | - |
| Acquisition of assets | - | - | - | 0 |
| Purchase of intangibles | - | - | 659 | - |
| Other | -1,100 | -800 | - | - |
| Net cash used in investing activities | -29,000 | -10,574,595 | -805 | -38 |
| Borrowings under revolving lines of credit | 297,100 | 422,600 | - | - |
| Payments under revolving lines of credit | 453,800 | 223,000 | - | - |
| Borrowings under term loan | 0 | 2,250,000 | - | - |
| Payments under term loan | 0 | 1,400,000 | - | - |
| Borrowings under senior notes | 0 | 2,250,000 | - | - |
| Payment of debt issuance costs | 0 | 114,400 | - | - |
| Payment of other debt | 0 | 0 | - | - |
| Payments under equipment financing facilities and finance leases | 11,300 | 7,200 | - | - |
| Proceeds from issuance of common stock related to equity awards | 4,200 | 10,119.096 | - | - |
| Proceeds from issuance of common stock, net of issuance costs | 38,100 | 4,218,400 | - | - |
| Proceeds from issuance of mandatory convertible preferred stock, net of issuance costs | 0 | 558,100 | - | - |
| Proceeds from issuance of convertible preferred stock and warrants, net of issuance costs | 0 | 0 | - | 0 |
| Proceeds from the issuance of common stock and pre-funded warrants, net of issuance costs | 0 | - | - | 0 |
| Payment of taxes related to net share settlement of equity awards | 0 | 100 | - | - |
| Payment of common-stock dividend | 0 | 0 | - | 0 |
| Payment of dividends on convertible preferred stock | 22,500 | 22,500 | 22,500 | 22,500 |
| Payment of long-term debt | - | - | 0 | 0 |
| Payment for fractional shares | - | - | - | 0 |
| Payment of finance lease obligations | - | - | 31 | 30 |
| Payment of dividends on mandatory convertible preferred stock | 6,900 | - | - | - |
| Net cash provided by financing activities | -155,100 | 7,946,231 | -22,531 | -22,530 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 0 | -300 | - | - |
| Net increase (decrease) in cash, cash equivalents and restricted cash | - | - | - | 5,065,724.729 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | 28,400 | -2,802,868 | -5,021,301 | - |
| Cash and cash equivalents at beginning of period | 2,282,300 | 5,085,172 | 5,072,004 | 5,040,612 |
| Cash and cash equivalents at end of period | 2,310,700 | 2,282,300 | 5,085,172 | 5,072,004 |
QXO, Inc. (QXO)
QXO, Inc. (QXO)