QXO closes $15B TopBuild acquisition, narrows Q2 operating loss 74% as revenue rises 70%

Filed August 14, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 14, 2025 · ~2 min read

Key Changes

• high

  Operating loss narrowed 74% to $42M from $163M, but net loss (to common) widened 28% to $109M on below-the-line tax drag of $156M — the bottom-line improvement did not come from operations.

  MD&A: Operating Results & Income Tax verify on EDGAR →
• high

  Kodiak contributed $595M in Q2 net sales.

  MD&A: Kodiak Acquisition verify on EDGAR →
• high

  Gross margin expanded 360 bp to 24.7% from 21.1%, primarily because prior year included $80M in Beacon inventory fair-value step-up charges that did not recur; product cost inflation exceeded selling price increases.

  MD&A: Gross Margin verify on EDGAR →