QXO files Kodiak FY2025 audited financials; revenue $2.34B, net income $69.5M

QXO, Inc.

Kodiak FY2025 revenue $2.34B, operating income $123.8M, net income $69.5M (incl. $70.1M from discontinued ops).
Kodiak total debt $1.48B, stockholders' deficit $689M, total assets $1.13B as of Dec 31, 2025.
QXO files unaudited pro forma combined statements for QXO, Beacon, Kodiak, and TopBuild as of March 31, 2026 and FY2025.
KPMG issues unqualified opinion on Kodiak financials, noting accounting changes for goodwill amortization and lease discount rate.
TopBuild acquisition (agreed April 20, 2026) remains pending; QXO expects to file S-4 registration statement.

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