QXO Inc. (QXO) stock rises on Q1 2026 Earnings

QXO Inc. (QXO) reported first-quarter 2026 revenue of $1.73 billion, roughly in line with the consensus estimate of $1.75 billion, representing an increase of about 12,709% year-over-year.

Income statement highlights:

Gross profit: $409.3 million (up ~7,499% YoY).

Cost of sales: $1.32 billion (up ~16,163% YoY).

Operating loss: -$251.9 million (improved ~541% YoY but still negative).

Net loss attributable to common shareholders: -$227.1 million (worse by ~2,694% YoY).

Diluted EPS: -$0.35 versus estimate -$0.09.

Cash flow and balance sheet:

Cash from operating activities: $70.6 million (up ~93% YoY).

Purchases of property, plant and equipment: -$22.5 million (increase of ~15,311% YoY).

Cash and cash equivalents: $3.05 billion (down ~40% YoY).

Total liabilities: $6.50 billion (up ~11,977% YoY).

Key takeaways:

Top-line growth was dramatic year-over-year, but the company remains unprofitable on both an operating and net basis.

Cash from operations improved and the company continues to hold multi‑billion dollars of cash on the balance sheet.

Shares were up 1.12% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

QXO Inc. Hedge Fund Activity

We have seen 340 institutional investors add shares of QXO Inc. stock to their portfolio, and 206 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BAILLIE GIFFORD & CO added 14,644,305 shares (+16117.6%) to their portfolio in Q4 2025, for an estimated $282,488,643
MORGAN STANLEY added 13,803,846 shares (+25.9%) to their portfolio in Q4 2025, for an estimated $266,276,189
UBS GROUP AG added 10,245,335 shares (+205.8%) to their portfolio in Q1 2026, for an estimated $198,964,405
NORGES BANK added 7,279,467 shares (+inf%) to their portfolio in Q4 2025, for an estimated $140,420,918
FRED ALGER MANAGEMENT, LLC added 6,844,574 shares (+75.4%) to their portfolio in Q4 2025, for an estimated $132,031,832
MADRONE ADVISORS, LLC removed 4,426,196 shares (-46.4%) from their portfolio in Q4 2025, for an estimated $85,381,320
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 3,276,257 shares (-71.2%) from their portfolio in Q4 2025, for an estimated $63,198,997

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

QXO Inc. Analyst Ratings

Wall Street analysts have issued reports on $QXO in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/08/2026
Truist Securities issued a "Buy" rating on 12/19/2025
Loop Capital issued a "Buy" rating on 12/12/2025

To track analyst ratings and price targets for QXO Inc., check out Quiver Quantitative's $QXO forecast page.

QXO Inc. Price Targets

Multiple analysts have issued price targets for $QXO recently. We have seen 6 analysts offer price targets for $QXO in the last 6 months, with a median target of $30.5.

Here are some recent targets:

Anthony Pettinari from Citigroup set a target price of $30.0 on 05/07/2026
Scott Schneeberger from Oppenheimer set a target price of $32.0 on 04/27/2026
Jeffrey Hammond from Keybanc set a target price of $32.0 on 04/20/2026
Mike Dahl from RBC Capital set a target price of $28.0 on 04/06/2026
Keith Hughes from Truist Securities set a target price of $26.0 on 12/19/2025
Garik Shmois from Loop Capital set a target price of $31.0 on 12/12/2025