Company: QXO-PB
Filing Date: 2025-04-16
Form Type: 424B5
Source: 0001140361-25-014221
Chunk: 23

Company: QXO, Inc.
Filing Date: 2025-04-16
Form: 424B5
Chunk 23
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 supplement to conform these statements to actual results or to changes to our expectations. See “Risk Factors—Risks Related to the Pending Acquisition of Beacon—We may be unable to integrate Beacon successfully and realize the anticipated benefits of the Acquisition.” |

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TABLE OF CONTENTS

RISK FACTORS An investment in our Common Stock involves significant risks. You should carefully consider the risks described below, as well as the other information we have provided in this prospectus supplement, the accompanying prospectus and the documents incorporated by reference before you decide to invest in our Common Stock. These risk factors may be amended, supplemented or superseded from time to time by other reports we file with the SEC in the future. The risks described are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently view as immaterial may also materially and adversely affect our business, financial condition, operating results and prospects, as well as the value of our Common Stock. Risks Related to QXO Risks Related to Our Common Stock and this Offering The market price of our Common Stock has been and may continue to be highly volatile, and you could lose all or a substantial portion of your investment. The trading price of our Common Stock has been and may continue to be highly volatile and could be subject to wide fluctuations in response to various factors, some of which are beyond our control and may not be related to our operating performance. Our Common Stock has a concentrated ownership among our significant stockholders and, as a result, our Common Stock may be less liquid and have greater stock price volatility than the common stock of companies with broader public ownership. Our stock price could be subject to wide fluctuations in response to a variety of factors, including:

| • | whether we achieve our anticipated corporate objectives; |

| • | changes in financial or operational estimates or projections; |

| • | termination of lock-up agreements or other restrictions on the ability of our stockholders and other security holders to sell our securities; and |

| • | general economic or political conditions in the United States or elsewhere. |

In addition, the stock market in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of the affected companies. Such rapid and substantial price volatility, including any stock run-up, may be unrelated to our actual or expected operating performance and financial condition or prospects, making it difficult for prospective investors to assess the rapidly changing value of our Common Stock. This volatility may prevent you from being able to sell your shares of Common