Monitor the Kodiak acquisition closing in Q2 2026 and integration progress, as successful execution could validate management's capital allocation strategy and drive long-term revenue growth toward the $50 billion target.
Price Chart
Executive Summary
QXO reported fourth quarter 2025 results with $2.19 billion in revenue and an Adjusted Diluted EPS of $0.02, in line with its pre-announcement. The results include Beacon Roofing Supply's operations since April 29, 2025. The company also announced a $2.25 billion agreement to acquire Kodiak Building Partners, which is expected to be highly accretive to 2026 earnings.
Key Financial Metrics
Key Facts
- QXO reported GAAP net loss of $90.2 million and Adjusted Net Income of $52.1 million for Q4 2025
- Adjusted EBITDA was $150.3 million with a 6.9% margin for Q4 2025
- The company announced a $2.25 billion agreement to acquire Kodiak Building Partners
- Results include Beacon Roofing Supply's operations from April 29, 2025
- The acquisition of Kodiak Building Partners is expected to close in early Q2 2026
Financial Impact
The $2.25 billion Kodiak acquisition will significantly expand QXO's scale, tripling its total addressable market to over $200 billion and growing its EBITDA run rate to over $1 billion
Segment Breakdown
| Segment | Revenue |
|---|---|
| Residential roofing products | $1.0B |
| Non-residential roofing products | $614.4M |
| Complementary building products | $538.1M |
| Software products and services | $16.0M |
Risk Factors
- Integration risks from multiple acquisitions (Beacon and upcoming Kodiak)
- High leverage from acquisition financing could limit financial flexibility
- Execution risk in achieving $50 billion revenue target within the decade
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-011675 |
| Document: qxo-20260225.htm | 0001628280-26-011675 |
| Document: 0001628280-26-011675-index-headers.html | 0001628280-26-011675 |
| Document: 0001628280-26-011675-index.html | 0001628280-26-011675 |
| Document: 0001628280-26-011675.txt | 0001628280-26-011675 |
| CONTEXT: Previous Earnings (2026-02-25) | 0001628280-26-011675 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 23, 2026 10w ago | 8-K | $13.67 $13.76 | ▲ +0.66% | ▼ −2.97% | $12.16 (−11.04%) |
Jul 9, 2026 12w ago | 8-K | $14.58 $15.18 | ▲ +4.12% | ▲ +1.87% | $12.16 (−16.59%) |
Jul 1, 2026 13w ago | S-3ASR | $16.21 $13.46 | ▼ −16.96% | ▼ −16.55% | $12.16 (−24.98%) |
Jun 30, 2026 13w ago | 8-K | $17.28 $14.13 | ▼ −18.23% | ▼ −17.20% | $12.16 (−29.63%) |
Jun 29, 2026 13w ago | 8-K | $17.28 $14.13 | ▼ −18.23% | ▼ −17.20% | $12.16 (−29.63%) |
Jun 17, 2026 15w ago | 8-K | $17.76 $15.42 | ▼ −13.18% | ▼ −13.71% | $12.16 (−31.53%) |
Jun 12, 2026 16w ago | 8-K | $16.63 $14.99 | ▼ −9.86% | ▼ −11.64% | $12.16 (−26.88%) |
Jun 4, 2026 17w ago | 8-K | $45.23 $45.68 | ▲ +0.99% | ▼ −1.13% | $12.16 (−73.11%) |
Jun 2, 2026 17w ago | 8-K | $46.41 $47.36 | ▲ +2.05% | ▲ +3.61% | $12.16 (−73.80%) |
Jun 1, 2026 17w ago | EFFECT | $47.79 $48.74 | ▲ +1.99% | ▲ +3.29% | $12.16 (−74.55%) |
US Market Status
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