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QXO Inc. (NYSE:QXO) is one of the best low priced stocks to buy for the next 3 years. On May 12, QXO reported net sales of $1.73 billion for Q1 2026, a significant increase from $13.5 million in the prior-year period. The company recorded a net loss of $227.1 million, or $0.35 per share, alongside an adjusted net loss of $57.2 million, or $0.12 per share. Despite industry-wide softness and heavy investments in people and technology, QXO achieved a positive adjusted EBITDA of $1.2 million, reversing a $9.0 million adjusted EBITDA loss from Q1 2025.

The quarter was characterized by major capital and M&A activity, including a January common stock offering that raised $749 million. QXO also secured $3.0 billion in equity commitments via Series C Preferred Stock, drawing down $2.0 billion on April 1 to fund the cash portion of its $2.25 billion acquisition of Kodiak Building Partners. The Kodiak transaction also included the issuance of 13.2 million common shares, which QXO retains the right to repurchase.

Looking forward, the company entered a definitive agreement on April 18 to acquire TopBuild Corp. for ~$17 billion in cash and stock. Expected to close in Q3 2026, the landmark deal will position QXO Inc. (NYSE:QXO) as the second-largest publicly traded building products distributor in North America. Management noted that these integrations keep the company firmly on schedule to reach its long-term target of $50 billion in annual revenue within the next decade.

QXO Inc. (NYSE:QXO) operates as a distributor of waterproofing, roofing, and complementary building products across Canada and the US. It offers modified roofing, PVC roofing, commercial roofing & siding products, built-up roofing, low-slope metal roofing, TPO roofing, and others.

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