Legal Investigation - Levi & Korsinsky has initiated an investigation into QXO (NASDAQ: QXO) regarding potential breaches of fiduciary duty [1] - Shareholders who have held QXO shares since at least July 30, 2024, and currently hold shares can obtain additional information or contact Joseph E Levi, Esq [1] Law Firm Background - Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington, D C [2] - The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud and have recovered hundreds of millions of dollars for aggrieved shareholders [2] Contact Information - Levi & Korsinsky, LLP is located at 33 Whitehall Street, 17th Floor, New York, NY 10004 [3] - Contact Joseph E Levi, Esq via email at [email protected] or by telephone at (212) 363-7500 [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ Emerging Growth Company o FORM 10-Q ____________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38063 QXO, INC. (Exact name of registrant as specified in its charter) Delaware ( ...

Financial Performance - Total revenue for Q3 2024 was $13.16 million, a decrease of 2.0% compared to $13.42 million in Q3 2023[3] - Software product revenue increased by 6.2% to $3.03 million, while service and other revenue decreased by 4.2% to $10.13 million[2] - Net income for the quarter was $17.1 million, including $57.0 million in interest income, compared to a net loss of $2.11 million in Q3 2023[4] - Adjusted EBITDA was negative $11.47 million, a significant decline from positive $665,000 in Q3 2023, attributed to higher employee-related costs[4] - Total revenue for Q3 2024 was $13,155,000, a decrease of 2% from $13,423,000 in Q3 2023[17] - Software product revenue increased to $3,028,000, up 6.3% from $2,850,000 year-over-year[17] - Net income for Q3 2024 was $17,132,000, compared to a net loss of $2,110,000 in Q3 2023[17] - Operating expenses surged to $39,268,000 in Q3 2024, a significant increase from $7,908,000 in Q3 2023[17] - Adjusted EBITDA for Q3 2024 was $(11,469,000), down from $665,000 in Q3 2023[19] Cash and Equity - As of September 30, 2024, QXO had approximately $5.04 billion in cash on hand[5] - Total stockholders' equity as of September 30, 2024, was $5.04 billion, down from $7.47 million in the previous year[16] - Total cash, cash equivalents, and restricted cash at the end of the period was $5,040,612, down from $6,880,000 at the end of the previous year[18] - Cash provided by operating activities for the nine months ended September 30, 2024, was $30,923,000, a substantial increase from $818,000 in the same period of 2023[18] - The company reported a net cash increase of $5,034,469 for the nine months ended September 30, 2024[18] Company Strategy and Positioning - The company raised approximately $4.1 billion through private placements, increasing the number of common shares outstanding to 409.4 million[5] - QXO aims to target tens of billions of dollars in annual revenue over the next decade through acquisitions and organic growth in the $800 billion building products distribution industry[6] - The company has no debt and a seasoned leadership team, positioning it for leadership in its industry[3] Expenses and Costs - Current liabilities increased to $19.55 million from $11.52 million in the previous year[16] - The company incurred transaction costs of $8,095,000 in Q3 2024, compared to $2,986,000 in Q3 2023[19] - Share-based compensation expenses for the nine months ended September 30, 2024, totaled $13,985,000, significantly higher than $41,000 in the same period of 2023[19]