Company: QXO-PB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040367
Chunk: 56

Company: QXO, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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orrowings under term loan2,250.0 — Payments under term loan(1,400.0)— Borrowings under senior notes2,250.0 — Payment of debt issuance costs(114.4)— Payment of other debt— (0.3)Payments under equipment financing facilities and finance leases(7.2)(0.1)Proceeds from issuance of common stock related to equity awards14.3 — Proceeds from issuance of common stock, net of issuance costs4,218.4 — Proceeds from issuance of mandatory convertible preferred stock, net of issuance costs558.1 — Proceeds from issuance of convertible preferred stock and warrants, net of issuance costs— 983.7 Payment of taxes related to net share settlement of equity awards(0.1)— Payment of common-stock dividend— (17.4)Payment of dividends on convertible preferred stock(45.0)— Net cash provided by financing activities7,923.7 965.9 Effect of exchange rate changes on cash, cash equivalents and restricted cash(0.3)— Net (decrease) increase in cash, cash equivalents and restricted cash(2,789.7)965.1 Cash, cash equivalents and restricted cash, beginning of period5,072.0 6.2 Cash, cash equivalents and restricted cash, end of period$2,282.3 $971.3 Supplemental Cash Flow InformationCash paid during the period for:Interest$22.5 $— Income taxes, net of refunds$35.1 $— 

See accompanying notes to the unaudited condensed consolidated financial statements.

9

QXO, INC. AND SUBSIDIARIES

Notes to the Condensed Consolidated Financial Statements

(Unaudited)

1. Description of Business 

Prior to the Beacon Acquisition (as defined below), QXO, Inc. (“QXO” or the “Company”) was primarily a technology solutions and professional services company, providing critical software applications, consulting and other professional services, including specialized programming, training, and technical support to small and mid-size companies in the manufacturing, distribution and services industries. On January 17, 2025, the Company transferred the listing of its common stock, par value $0.00001 per share (the “common stock”), from Nasdaq to the New York Stock Exchange (the “NYSE”). The Company’s listing and trading