QXO's third quarter 2026 revenue grew 79% to $4.9B driven by major acquisitions

QXO reported preliminary results for the third quarter of 2026, highlighting a massive increase in scale following the strategic acquisitions of Kodiak Building Partners and TopBuild. While the company continues to operate at a GAAP loss, adjusted profitability improved significantly alongside the inorganic expansion.

Key Highlights

• Net sales jumped 79% year-over-year to approximately $4.895 billion, reflecting the first full-quarter contributions from TopBuild and Kodiak Building Partners.
• Adjusted EBITDA reached $557 million, an 85% increase over the $301 million reported in the prior-year period, with adjusted margins expanding to 11.4%.
• Preliminary GAAP net loss narrowed to $123 million from a $139 million loss last year, as the company scales toward its long-term target of $50 billion in annual revenue.