Below are the financial statements of QXO, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 5,068,504a | 6,143a |
| Accounts receivable, net | 2,736a | 2,969a |
| Prepaid expenses and other current assets | 18,339a | 2,684a |
| Total current assets | 5,089,579a | 11,796a |
| Property and equipment, net | 445a | 503a |
| Operating lease right-of-use assets | 259a | 522a |
| Intangible assets, net | 4,024a | 4,919a |
| Goodwill | 1,160a | 1,140a |
| Deferred tax assets | 2,603a | 1,444a |
| Other non-current assets | 192a | 171a |
| Total assets | 5,098,262a | 20,495a |
| Liabilities and stockholders' equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 6,194a | 4,563a |
| Accrued expenses | 35,692a | 2,681a |
| Deferred revenue | 2,900a | 3,161a |
| Long-term debt - current portion | 0a | 702a |
| Finance lease obligations - current portion | 128a | 154a |
| Operating lease liabilities - current portion | 188a | 263a |
| Total current liabilities | 45,102a | 11,524a |
| Long-term debt net of current portion | 0a | 994a |
| Finance lease obligations net of current portion | 190a | 247a |
| Operating lease liabilities net of current portion | 71a | 259a |
| Total liabilities | 45,363a | 13,024a |
| Stockholders' equity | — | — |
| Preferred stock | 498,621a | 0a |
| Common stock | 4a | 0a |
| Additional paid-in capital | 4,560,503a | 9,419a |
| Accumulated deficit | -6,229a | -1,948a |
| Total stockholders' equity | 5,052,899a | 7,471a |
| Total liabilities and stockholders' equity | 5,098,262a | 20,495a |
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