QXO, Inc. (NYSE: QXO) today launched a refinancing of its Term Loan B. The refinancing is subject to market and other conditions, and no assurances are made that the Company will consummate the refinancing on the terms contemplated, or at all.
In connection with the refinancing, the Company provided to potential lenders the following summarized preliminary financial information. The Company expects to file its quarterly report on Form 10-Q for the quarter ended September 30, on November 6.
In the third quarter: Net sales were $2.73 billion
• GAAP net loss was $139 million
• Adjusted Net Income attributable to common stockholders was $121 million
• Adjusted EBITDA of $302 million
• Adjusted Diluted EPS of $0.14
• Cash and cash equivalents of $2.3 billion
• Debt of $3.1 billion (excluding finance lease obligations)
Total net debt is expected to remain consistent following the refinancing.
The Company’s preliminary unaudited financial results in this press release for the third quarter ended September 30, 2025 are preliminary, unaudited and subject to completion, and may change as a result of management’s continued review. Such preliminary results are subject to the finalization of quarter-end financial and accounting procedures. The preliminary financial results represent management estimates that constitute forward-looking statements subject to risks and uncertainties. As a result, the preliminary financial results may materially differ from the actual results when they are completed and publicly disclosed.
These preliminary results should not be viewed as a substitute for the Company’s full third quarter financial statements and do not present all information necessary for a complete understanding of financial performance.
QXO is the largest publicly traded distributor of roofing, waterproofing and complementary building products in North America. The Company plans to become the tech-enabled leader in the $800 billion building products distribution industry and generate outsized value for shareholders.
QXO shares were boosted 41 cents, or 2.3%, to $18.49.
