Company: QXO-PB
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001628280-25-040367
Chunk: 147

Company: QXO, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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.70 yearsWeighted-average risk-free interest rate3.8 %Weighted-average expected volatility43.0 %Weighted-average dividend yield— %The risk-free interest rate is based on the U.S. Treasury yield curve with a term equal to the expected term of the PRSU in effect at the time of grant. Expected volatility is based on historical volatility of the stock of the Company’s peer industry group. The RSUs and PRSUs may vest in whole or in part before the applicable vesting date if the grantee’s employment is terminated by the Company without cause or by the grantee with good reason (as defined in the grant agreement), upon death or disability of the grantee or in the event of a change in control of the Company. Upon vesting, the RSUs and PRSUs result in the issuance of shares of the Company’s common stock after required tax withholdings. The holders of the RSUs and PRSUs do not have the rights of a stockholder and do not have voting rights until shares are issued and delivered in settlement of the awards. Stock-Based Compensation ExpenseStock-based compensation expense is included within selling, general and administrative expenses in the condensed consolidated statements of operations. The Company recognized stock-based compensation expense as follows:Three Months Ended June 30,Six Months Ended June 30,(in millions)2025202420252024NSOs$7.8 $— $7.8 $— RSUs44.0 — 51.6 — PRSUs13.2 — 25.8 — Total stock-based compensation expense$65.0 $— $85.2 $— 

9. Debt

The following table summarizes all outstanding debt:As ofJune 30, 2025(in millions)Principal BalanceCarrying ValueFair ValueRevolving Lines of CreditABL Facility(1)$199.9 $199.9 $199.9 Borrowings under revolving lines of credit$199.9 $199.9 $199.9 Long-term Debt, netTerm Loan Facility(2)$850.0 $823.2 $855.3 Notes(3)2,250.0 2,228.3 2,323.1 Long-term debt, net$3,100.0 $3,051.5 $3,178.4 (1) Effective rate on borrowings of 5.