QXO delivers $4.9 billion revenue, up 79%
By Brie CarterKey points
- QXO expects third-quarter 2026 net sales of approximately US$4.90 billion, an increase of 79% from US$2.73 billion a year earlier.
- Adjusted EBITDA is expected to reach US$557 million, up 85%, while the GAAP net loss is projected at US$123 million.
- Results include contributions from Kodiak Building Partners and TopBuild, following their acquisitions in April and July 2026, respectively.
QXO (NYSE:QXO) expects third-quarter 2026 net sales of approximately US$4.90 billion, representing a 79% increase from the US$2.73 billion reported a year earlier.
The company also expects its GAAP net loss to narrow to US$123 million from US$139 million in the third quarter of 2025, representing a US$16 million improvement.
Adjusted EBITDA, a non-GAAP earnings measure, is expected to reach US$557 million, up 85% from US$301 million in the corresponding period last year.
The preliminary results include Kodiak Building Partners from April 1, 2026, and TopBuild from July 1, following their respective acquisitions, while neither business contributed to the third-quarter 2025 comparison.
QXO distributes and installs building products across North America, serving contractors and customers in the roofing, insulation, lumber, waterproofing and other construction materials markets.
The company is pursuing growth through acquisitions and technology investments, with a stated target of reaching US$50 billion in annual revenue within the decade.
