A company still losing money with growing sales. Institutions are adding.
Going well
Sales up 70% in the latest quarter vs a year ago
Watch out for
Losing money
Money moves
No insider buying or selling in the last 30 days
Institutions added 28% to their holdings in the quarter ending June 2026 (451 bought, 189 sold)
Held by George Soros (Soros Fund)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$10.48-0.2% that day
Company value
$10.9B
Share price times all shares
Price vs sales
1.1x
No profit over the last year, so this compares value with sales instead
Cash vs value
26%
Cash as a share of company value
Debt vs value
28%
Debt as a share of company value
From QXO's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$3.2B+70% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $9.9B, up 408% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of QXO. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$12.6B
Profit in 5 years$1.3B
Price these guesses point to$18.27+74% vs $10.48 todayAbout +12% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 6.0% a year for 5 years and still match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-3.8%
PassDebt under half of equityNot relying on borrowed money.0.31x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-4.1%
MissProfitable every yearSteady profits, not one good year.5 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$261.4M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.23.0%
Revenue
$6.8B
5-year growth
+178.0%/yr
revenue, per year
Total debt
$3.1B
0.31x equity
Current ratio
3.58x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 13
Revenue
$3.2B
+70.3% YoY
EPS
-$0.14
vs -$0.15
Op. margin
-1.3%
+7.3 pts
Gross margin
24.7%
+3.7 pts
Free cash flow
-$248.1M
Share count
+35.9%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
45/ 100
This week
1
Normal week
1.3
vs normal
0.8x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+27.9%
Institutions added 27.9% to their holdings. 451 bought, 189 sold. 7 quarters of net buying in a row.
Shares held by institutions890.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+481.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
0.6x · $6.0B debt
Shares outstandingLatest reported
1.0B
Why elevated risk
Losing money
Share count growing 481.3% a year (dilution)
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportIn 0 days (est.)Estimated from the same quarter last year
Results filedAug 13
Results filedMay 12
Results filedFeb 25
Results filedJan 15
Results filedNov 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days