Company: QXO-PB
Filing Date: 2025-06-25
Form Type: 424B5
Source: 0001104659-25-062233
Chunk: 26

Company: QXO, Inc.
Filing Date: 2025-06-25
Form: 424B5
Chunk 26
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 74.3 | ​ | ​ | ​ | ​ | $ |    84.0 | ​ | ​ |
| Total assets               | ​ | ​ | ​                   | ​ | 7,345.1 | ​ | ​ | ​ | ​                  | ​ | 6,953.6 | ​ | ​ | ​ | ​ | ​ | 6,207.7 | ​ | ​ |
| Total liabilities          | ​ | ​ | ​                   | ​ | 5,401.7 | ​ | ​ | ​ | ​                  | ​ | 4,961.1 | ​ | ​ | ​ | ​ | ​ | 4,384.2 | ​ | ​ |
| Total stockholders’ equity | ​ | ​ | ​                   | ​ | 1,943.4 | ​ | ​ | ​ | ​                  | ​ | 1,992.5 | ​ | ​ | ​ | ​ | ​ | 1,823.5 | ​ | ​ |

(1) Adjusted EBITDA is defined as net income (loss), excluding the impact of interest expense (net of interest income), income taxes, depreciation and amortization, stock-based compensation, and the adjusting items (as described below).

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TABLE OF CONTENTS

These supplemental non-GAAP measures are used to evaluate financial performance, analyze the underlying trends in the business, establish operational goals and forecasts that are used when allocating resources. We believe these non-GAAP measures are useful because they permit investors to better understand changes over comparative periods by providing financial results that are unaffected by certain items that are not indicative of ongoing operating performance. These non-GAAP measures are not prepared and presented in accordance with GAAP, and therefore should be considered supplemental in nature. These non-GAAP measures should not be considered in isolation or as a substitute for other financial performance measures presented in accordance with GAAP. These non-GAAP financial measures may have material limitations including, but not limited to, the exclusion of certain costs without a corresponding reduction of net income for the income generated by the assets to which the excluded costs relate. In addition, these non-GAAP financial measures may differ from similarly titled measures presented by other companies. The impact of the following expense (income) items is excluded from each of our non-GAAP measures (the “adjusting items”): • Acquisition costs . Represent certain direct and incremental costs related to acquisitions, including: amortization of intangible assets; professional fees, branch integration expenses, travel expenses