Company: QXO-PB
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001628280-25-009626
Chunk: 12

Company: QXO, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 16
Chunk 12
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0.11)$(1.63)Total weighted average common shares outstanding:1Basic203,998657Diluted203,998657

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.

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QXO, INC. AND SUBSIDIARIES

 CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

(in thousands)

Preferred StockCommon StockAdditionalPaid-inCapitalAccumulatedDeficitTotalStockholders’EquitySharesAmountShares1AmountBalance at January 1, 2023—$— 657$— $10,429 $(878)$9,551 Common stock dividend—— —— (1,051)— (1,051)Shares issued for cashless exercise of stock options—— 7— —— —Share-based compensation—— —— 41— 41Net loss—— —— — (1,070)(1,070)Balance at December 31, 2023—$— 664$— $9,419 $(1,948)$7,471 Issuance of convertible preferred stock and warrants, net of issuance costs1,000498,621 —— 482,917 — 981,538 Issuance of common stock and pre-funded warrants, net of issuance costs—— 408,7664 4,051,099 — 4,051,103 Cash paid for fractional shares—— —— (45)— (45)Common stock dividend—— —— (17,400)— (17,400)Preferred stock dividend—— —— — (32,250)(32,250)Share-based compensation—— —— 34,513 — 34,513 Net income—— —— — 27,969 27,969 Balance at December 31, 20241,000$498,621 409,430$4 $4,560,503 $(6,229)$5,052,899 

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.

29

QXO, INC. AND SUBS