QXO posts investor Q&A, reports $18.09B combined 2025 revenue and $2.13B combined Adjusted EBITDA

QXO posted an investor Q&A and furnished supplemental financials showing $18.09 billion combined 2025 revenue and $2.13 billion combined Adjusted EBITDA.

Key Highlights:

• Posted an investor Q&A (Exhibit 99.1) and supplemental historical financials (Exhibit 99.2) under Regulation FD.
• Reported combined company revenue of $18,088.7 million for 2025, aggregating QXO, Beacon, Kodiak and TopBuild.
• Reported combined company Adjusted EBITDA of $2,129.6 million for 2025 (QXO $647.8M; TopBuild $1,141.9M; Kodiak $204.7M; Beacon $135.2M).
• Targets more than doubling combined Adjusted EBITDA to about $4.0 billion by 2030 and $50 billion revenue within a decade, driven by pricing, procurement, tech, cross-sell and tuck-ins.
• Calls out integration, tech rollouts (Beacon core stack by end Q1 2027; Kodiak and TopBuild by end Q3 2027), and focus on deleveraging and free cash flow over near-term equity issuance.

Original SEC Filing:

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