Company: QXO-PB
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001628280-25-009626
Chunk: 43

Company: QXO, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 43
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45,363 13,024 Commitments and contingencies (Note 8)Stockholders’ equity:Preferred stock, $0.001 par value; authorized 10,000,000 shares, 1,000,000 and 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively498,621 — Common stock, $0.00001 par value; authorized 2,000,000,000 shares, 409,430,195 and 664,448 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively14 — Additional paid-in capital4,560,503 9,419 Accumulated deficit(6,229)(1,948)Total stockholders’ equity5,052,899 7,471 Total liabilities and stockholders’ equity$5,098,262 $20,495 

See accompanying notes to the consolidated financial statements.

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1Amounts have been adjusted to reflect the 8-for-1 Reverse Stock Split effective June 6, 2024. See Note 3 - Equity for additional details.

27

QXO, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Year Ended December 31,20242023Revenue:Software product, net$15,261 $14,111 Service and other, net41,612 40,406 Total revenue, net56,873 54,517 Cost of revenue:Software product9,434 8,513 Service and other24,507 24,390 Total cost of revenue33,941 32,903 Operating expenses:Selling, general and administrative expenses92,943 22,097 Depreciation and amortization expenses989 828 Total operating expenses93,932 22,925 Loss from operations(71,000)(1,311)Other income (expense), net:Interest income (expense), net121,812 (56)Total other income (expense)121,812 (56)Income (loss) before taxes50,812 (1,367)Provision (benefit) for income taxes22,843 (297)Net income (loss)$27,969 $(1,070)Loss per common share – basic and diluted (Note 4)$(