QXO posts preliminary Q3 2026 results showing 79% sales growth and a narrower GAAP loss
+1 new source since this summary was written
QXO reported preliminary third‑quarter 2026 net sales of about $4.90 billion, a 79% year‑over‑year increase. The company posted a GAAP net loss of $123 million, better than the $139 million loss a year earlier, and adjusted EBITDA rose to $557 million. The results reflect contributions from the Kodiak Building Partners and TopBuild acquisitions made earlier in 2026, and the stock jumped after CEO Brad Jacobs announced a new $1 billion venture while remaining CEO.
Why it matters
The stronger‑than‑expected revenue and narrowing loss suggest the recent acquisitions are accelerating growth, which may support higher valuations. The share price rose 16.7% on the news, indicating immediate investor enthusiasm.
Key facts
- 1Preliminary net sales were approximately $4.90 billion, up 79% YoY from $2.73 billion in Q3 2025. investing.com
- 2GAAP net loss for the quarter was about $123 million, compared with a $139 million loss in Q3 2025. investing.com
- 3Adjusted EBITDA reached roughly $557 million, an 85% increase from $301 million a year earlier. investing.com
- 4Adjusted EBITDA margin was 11.4%, versus 11.1% in the prior year; net margin was –2.5%, versus –5.1% a year earlier. tradingview.com
- 5The quarter’s results include contributions from Kodiak Building Partners (acquired April 1 2026) and TopBuild Corp. (acquired July 1 2026). investing.com
- 6QXO shares were up 16.7% after the release of the preliminary results and the announcement of a new $1 billion venture by CEO Brad Jacobs. finance.yahoo.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.