← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
QXO turned from a $56.9M software firm into a $6.84B roofing distributor by buying Beacon for $10.6 billion, posting a $279.4M net loss on deal costs and amortization as it keeps buying
The read at a glance✓ Audited against SEC data
- Growth — Revenue $6.84B from $56.9M, almost all from acquiring BeaconNote
- Profitability — Operating loss $245.2M; net loss $279.4MWatch
- Balance sheet — Debt $3.06B against $2.36B cash; equity $9.71BNote
- Accounting quality — Safe balance-sheet screen; manipulation score flags on a one-year acquisition jumpWatch
- Capital allocation — Acquisitions funded by stock, preferred and debt; no common dividendNote
- Deal pace — Kodiak closed April 2026; TopBuild closed July 2026Note
Business
QXO, the former SilverSun Technologies, was renamed in June 2024 when Brad Jacobs became chairman and CEO with a plan to build a tech-enabled leader in building products distribution, a sector it sizes at about $800 billion. Its first deal, Beacon Roofing Supply, closed on April 29, 2025 and made it the largest publicly traded distributor of roofing, waterproofing and complementary building products in North America, with about 600 branches. It targets $50 billion of annual revenue within the next decade through acquisitions and organic growth.
Where the revenue comes from
Fiscal 2025, as QXO, Inc. reports it. History and quarterly detail are in the app.
- Residential roofing products$3.3B
- Non-residential roofing products$1.9B
- Complementary building products$1.6B
- Software products and services$58.5M
Leadership changes
From QXO, Inc.'s own filings, the day they're filed.
- Jared C. Kushner · President · appointmenteff. 2024-07-22
- Ihsan Essaid · Chief Financial Officer · appointmenteff. 2024-05-28
- Non-CIC Termination · departure
Latest filings
- 8-K · Company announcement2026-08-24
- 10-Q · Quarterly report2026-08-14
- 8-K · Company announcement2026-08-13
- 8-K · Company announcement2026-07-23
- 8-K · Company announcement2026-07-09
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about QXO, Inc., every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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