QXO

QXO

Consulting, software, AI for distributors

Overview

QXO delivers consulting, professional services, specialized programming, training, and technical support, while also developing and selling proprietary software tailored to the building products distribution industry. It uses AI and B2B e-commerce to modernize procurement, ordering, and fulfillment, aiming to improve customer experience, sales force effectiveness, and margin expansion. The company differentiates itself by targeting a highly fragmented market with a technology-first approach and by pursuing growth through acquisitions and organic expansion under leadership with a history of building large publicly traded companies. Its goal is to become a tech-forward leader in the $800 billion building products distribution sector, reaching tens of billions in annual revenue through acquisitions and organic growth.

About QXO

Simplify's Rating
Why QXO is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Consulting

Enterprise Software

AI & Machine Learning

Company Size

11-50

Company Stage

Post IPO Equity

Headquarters

Greenwich, Connecticut

Founded

2002

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Simplify's Take

What believers are saying

  • Q2 2026 sales hit $3.25 billion, and adjusted EBITDA rose to $272 million.
  • TopBuild closed July 1, 2026, expanding insulation, installation, and data-center exposure.
  • QXO plans a full digital platform rollout by Q3 2027, boosting pricing and inventory control.

What critics are saying

  • QXO's Q1 2026 net loss reached $227.1 million, driven by acquisition costs and interest.
  • Delaware shareholders sued QXO over TopBuild disclosures before the June 29, 2026 vote.
  • Integration failure across Kodiak, TopBuild, and Beacon can destroy margins before Q3 2027.

What makes QXO unique

  • Brad Jacobs is remaking QXO into a tech-enabled consolidator across roofing and lumber.
  • QXO is deploying ERP, POS, WMS, TMS, AI procurement agents, and e-commerce.
  • After Kodiak and TopBuild, QXO became North America's second-largest public building products distributor.

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Funding

Total Funding

$4.5B

Above

Industry Average

Funded Over

4 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Company News

MDM
Aug 14th, 2026
QXO posts 2Q sales of $3.25B as net loss narrows.

QXO posts 2Q sales of $3.25B as net loss narrows. Building materials distributor QXO's second-quarter sales reached $3.25 billion, including $595 million from newly acquired Kodiak Building Partners. Building materials distributor QXO reported its 2026 second-quarter financial results on Aug. 13 for April-June. The Greenwich, CT-based distributor posted 2Q total sales of $3.25 billion, including $595 million attributable to Kodiak Building Partners, which was acquired on April 1. QXO logged a net loss of $55 million for the quarter, narrowing from $59 million a year earlier. By lines of business, residential roofing products sales totaled $1.27 billion (up from $930 million year-over-year); non-res roofing sales were $736 million (up from $536 million); and complementary products totaled $1.23 billion ($426 million). Software products and services contributed $15 million. QXO posted 2Q gross profit of $803 million, up from $401 million a year earlier, with gross margin of 24.7% compared with 21.1%. On an adjusted basis, gross margin decreased to 24.7% from 25.3%. Adjusted EBITDA increased to $272 million from $204 million year-over-year, while adjusted EBITDA margin decreased to 8.4% from 10.7%. QXO also reported adjusted net income of $130 million, up from $109 million. "Our second-quarter results reflect current market conditions and the progress we are making across the company," QXO Chairman and CEO Brad Jacobs said in the company's Aug. 13 earnings results. "We have begun upgrading technology across the company to deliver best-in-class customer service and meaningful financial growth. 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. We are focused on our plan to more than double EBITDA by 2030 and reach $50 billion in revenue within the decade." Recommended Reading

Qualified Remodeler
Jul 1st, 2026
QXO Completes Acquisition of TopBuild.

QXO Completes Acquisition of TopBuild. July 1, 2026 QXO, Inc. announced on July 1, 2026, that it closed its previously disclosed acquisition of TopBuild Corp., a company specializing in the distribution and installation of insulation and other building materials. QXO now leads in several building product categories in North America, such as insulation and waterproofing materials. Alec Covington, TopBuild's former Chairman, joined QXO's Board of Directors, effective immediately. Mr. Covington replaces Jared Kushner, who has resigned from the Board of Directors to focus on other commitments. Brad Jacobs, Chairman and Chief Executive Officer of QXO, said, "By acquiring TopBuild, we're broadening our product offering, adding installation capabilities, and expanding our exposure to fast-growing end markets like data centers." QR

Berkeley Habitat
Jun 1st, 2026
It takes a village! Berkeley Habitat teams up with Big Bear Roofing, GAF, and QXO to impact Huger homeowner.

It takes a village! Berkeley Habitat teams up with Big Bear Roofing, GAF, and QXO to impact Huger homeowner. Habitat for Humanity of Berkeley County - June 1, 2026 A lifelong Huger home and a homeowner's story. Ms. Bertha is a lifelong resident of Huger who has called her home her own for more than 45 years. Growing up in the community she still lives in today, her home has been a place of stability, memories, and deep personal meaning. Over time, however, her aging roof began creating ongoing challenges that threatened the safety and longevity of her home. Like many longtime homeowners, the cost of major repairs placed those needs out of reach - until the community stepped in. Coming together to protect what matters most. On Thursday, May 14, Habitat for Humanity of Berkeley County partnered with Big Bear Roofing, the GAF Community Matters Program, and QXO to complete a critical home repair for Ms. Bertha. Through this collaborative effort, Ms. Bertha received a brand-new roof - helping ensure she can remain safe, secure, and protected in her home for years to come. The project reflects the power of partnerships that blend local expertise with national support, all focused on strengthening communities through safe and affordable housing. "This project truly reflects what 'community matters' means," said George Druyos, President and CEO of Berkeley Habitat. "By working together, we're able to make a lasting difference for Ms. Bertha and help preserve the home she has cherished for decades." Partners making an impact. This home repair was made possible through the dedication and generosity of committed partners: * Big Bear Roofing led the roof installation, donating skilled labor and project management * GAF, through its Community Matters initiative, provided materials and resources to support resilient housing * QXO contributed additional support, reinforcing a shared commitment to community investment Together, these partners demonstrated what's possible when neighbors, businesses, and nonprofits unite around a common goal - helping homeowners remain safely housed and preserving the places that matter most. At Berkeley Habitat, Berkeleyhabitat is grateful for partners who believe in the power of collaboration and in the importance of strengthening its local communities, one home at a time. For more information on getting involved in helping serve its community of Berkeley County, visit berkeleyhabitat.org/volunteer.

Insider Monkey
May 21st, 2026
Auto draft.

Auto draft. Published on May 21, 2026 at 9:29 am by maham fatima in news. QXO Inc. (NYSE:QXO) is one of the best low priced stocks to buy for the next 3 years. On May 12, QXO reported net sales of $1.73 billion for Q1 2026, a significant increase from $13.5 million in the prior-year period. The company recorded a net loss of $227.1 million, or $0.35 per share, alongside an adjusted net loss of $57.2 million, or $0.12 per share. Despite industry-wide softness and heavy investments in people and technology, QXO achieved a positive adjusted EBITDA of $1.2 million, reversing a $9.0 million adjusted EBITDA loss from Q1 2025. The quarter was characterized by major capital and M&A activity, including a January common stock offering that raised $749 million. QXO also secured $3.0 billion in equity commitments via Series C Preferred Stock, drawing down $2.0 billion on April 1 to fund the cash portion of its $2.25 billion acquisition of Kodiak Building Partners. The Kodiak transaction also included the issuance of 13.2 million common shares, which QXO retains the right to repurchase. Looking forward, the company entered a definitive agreement on April 18 to acquire TopBuild Corp. for ~$17 billion in cash and stock. Expected to close in Q3 2026, the landmark deal will position QXO Inc. (NYSE:QXO) as the second-largest publicly traded building products distributor in North America. Management noted that these integrations keep the company firmly on schedule to reach its long-term target of $50 billion in annual revenue within the next decade. QXO Inc. (NYSE:QXO) operates as a distributor of waterproofing, roofing, and complementary building products across Canada and the US. It offers modified roofing, PVC roofing, commercial roofing & siding products, built-up roofing, low-slope metal roofing, TPO roofing, and others. While we acknowledge the risk and potential of QXO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than QXO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

Yahoo Finance
May 8th, 2026
TopBuild Merger With QXO Tests Growth Story And Margin Resilience

TopBuild (NYSE:BLD) has entered a definitive merger agreement with QXO, giving shareholders the option to receive cash or QXO shares. The planned combination is intended to support cross selling, procurement scale, and digital capabilities across the combined business. In early 2026, TopBuild closed four acquisitions that expand its presence in commercial roofing and industrial insulation, adding new revenue streams. TopBuild comes into this deal with a share price of $428.03 and a 1 year...

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