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Get filing alertsQXO reports Q2 loss of $(0.14)/share, completes $3B-debt-funded TopBuild acquisition
Filed August 13, 2026 · Period ending August 13, 2026 · ~1 min read
Key Changes
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high
Completed TopBuild acquisition July 1, 2026, making QXO the second-largest publicly traded building products distributor in North America; funded with $3.0B senior notes (6.500% due 2031, 6.875% due 2034) issued in Q2.
Exhibit 99.1 view on EDGAR → -
high
Q2 2026: $3.25B revenue, GAAP loss of $(0.14)/share, adjusted EPS $0.08; adjusted EBITDA $272M. Results include $595M from Kodiak acquisition completed April 1, 2026.
Exhibit 99.1 view on EDGAR → -
high
Issued Series C Preferred Stock raising ~$2.0B net proceeds in H1 2026; paid $23M in preferred dividends during the six months ended June 30, 2026.
Exhibit 99.1 view on EDGAR → -
medium
Management reiterates targets to more than double EBITDA by 2030 and reach $50B revenue within the decade through acquisitions and organic growth.
Exhibit 99.1 view on EDGAR →
Summary
QXO reported Q2 2026 results showing a GAAP loss of $(0.14) per share on $3.25 billion in revenue, though adjusted earnings were positive at $0.08 per share. The quarter included $595 million in sales from the Kodiak acquisition completed in April.
More significantly, the company closed its transformative TopBuild acquisition on July 1, 2026, funded by $3.0 billion in senior notes issued during Q2 at rates of 6.500% (2031 maturity) and 6.875% (2034 maturity). The deal makes QXO the second-largest publicly traded building products distributor in North America with leading positions across insulation, roofing, lumber, and waterproofing.
The company also raised approximately $2.0 billion through a Series C Preferred Stock issuance in the first half of 2026, paying $23 million in preferred dividends during the period. Management reiterated ambitious growth targets: more than doubling EBITDA by 2030 and expected to reach $50 billion in annual revenue within the decade. The aggressive M&A strategy and substantial debt and preferred equity raises represent a high-leverage bet on consolidating a fragmented industry, with execution risk tied to integration success and the ability to generate returns above the cost of the new capital structure.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR → · paraphrased
For the three months ended June 30, 2026, basic and diluted loss per common share was $(0.14). Adjusted Diluted Earnings per Common Share, a non-GAAP financial measure, was $0.08. ... Net sales $ 3,246 ... Net loss $ (55) ... Adjusted EBITDA $ 272 ... Adjusted Net Income $ 130
QXO reported Q2 2026 net sales of $3.25 billion, a GAAP net loss of $55 million ($(0.14) per share), and adjusted net income of $130 million ($0.08 per share). Adjusted EBITDA was $272 million. The quarter included $595 million in sales from the Kodiak acquisition completed April 1, 2026.
Added in current filing · view on EDGAR →
Following the completion of the TopBuild acquisition on July 1, QXO is the second-largest publicly traded building products distributor in North America, with greater scale and a broader presence at customers’ job sites.
QXO completed its acquisition of TopBuild on July 1, 2026, making it the second-largest publicly traded building products distributor in North America. The company now holds leading positions across multiple product categories including insulation (largest), roofing (second-largest), lumber and building materials (second-largest publicly traded), and waterproofing (largest).
Added in current filing · view on EDGAR →
We are focused on our plan to more than double EBITDA by 2030 and reach $50 billion in revenue within the decade.
Management reiterated its strategic targets to more than double EBITDA by 2030 and achieve $50 billion in annual revenue within the decade through acquisitions and organic growth. The company is investing in technology upgrades to deliver best-in-class customer service and drive financial growth.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify