AcquisitionsMay 18, 2026, 06:07 AM
QXO Files Financials for Kodiak & TopBuild Acquisitions
AI Summary
QXO, Inc. filed an 8-K to provide financial statements for Kodiak Building Partners Inc. and TopBuild Corp. in connection with its recent and planned acquisitions. The company completed the acquisition of Kodiak on April 1, 2026, for $2.0 billion in cash and 13.2 million QXO common shares. Additionally, QXO entered into an agreement on April 20, 2026, to acquire TopBuild for $505.00 cash or 20.200 QXO shares per TopBuild share. The filing includes audited and unaudited financial statements for both Kodiak and TopBuild, along with unaudited pro forma combined financial information for QXO and its acquired entities.
Key Highlights
- QXO completed the Kodiak acquisition on April 1, 2026, for $2.0 billion cash and 13.2 million QXO shares.
- QXO agreed to acquire TopBuild on April 20, 2026, for $505.00 cash or 20.200 QXO shares per share.
- Kodiak Building Partners reported $2.34 billion in revenue and $69.46 million net income for 2025.
- Kodiak's Q1 2026 revenue was $531.39 million, with a net loss of $11.10 million.
- The Kodiak acquisition's $2.0 billion cash component was funded by Series C Preferred Stock issuance.
- The filing includes audited/unaudited financials for Kodiak and TopBuild, plus pro forma combined financials.
Price Impact
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