$QXO-PB
SilverSun Technologies, Inc.
CIK:0001236275|SEC Filings
Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Income Statement [Abstract] | ||||
| Net sales | $ 3,246 | $ 1,906 | $ 4,976 | $ 1,920 |
| Cost of products sold | 2,443 | 1,505 | 3,764 | 1,513 |
| Gross profit | 803 | 401 | 1,212 | 407 |
| Operating expense: | ||||
| Selling, general and administrative | 649 | 457 | 1,146 | 501 |
| Depreciation | 56 | 27 | 103 | 27 |
| Amortization | 140 | 80 | 257 | 80 |
| Total operating expense | 845 | 564 | 1,506 | 608 |
| Loss from operations | (42) | (163) | (294) | (201) |
| Interest (expense) income, net | (38) | (30) | (69) | 26 |
| Loss on debt extinguishment | 0 | (46) | 0 | (46) |
| Other income, net | 3 | 2 | 6 | 2 |
| Loss before benefit from income taxes | (77) | (237) | (357) | (219) |
| Benefit from income taxes | (22) | (178) | (75) | (169) |
| Net loss | $ (55) | $ (59) | $ (282) | $ (50) |
| Loss per common share - basic (in usd per share) | $ (0.14) | $ (0.15) | $ (0.48) | $ (0.19) |
| Loss per common share - diluted (in usd per share) | $ (0.14) | $ (0.15) | $ (0.48) | $ (0.19) |
| Total weighted-average common shares outstanding: | ||||
| Basic (in shares) | 767.3 | 564.7 | 755.9 | 508.4 |
| Diluted (in shares) | 767.3 | 564.7 | 755.9 | 508.4 |
Condensed Consolidated Balance Sheets - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 2,774 | $ 2,362 |
| Accounts receivable, net | 1,782 | 1,145 |
| Inventories, net | 2,072 | 1,497 |
| Vendor rebates receivable | 531 | 427 |
| Income tax receivable | 45 | 31 |
| Prepaid expenses and other current assets | 3,144 | 84 |
| Total current assets | 10,348 | 5,546 |
| Property and equipment, net | 825 | 689 |
| Goodwill | 6,211 | 5,111 |
| Intangibles, net | 4,402 | 3,819 |
| Operating lease right-of-use assets, net | 824 | 690 |
| Other assets, net | 55 | 32 |
| Total assets | 22,665 | 15,887 |
| Current liabilities: | ||
| Accounts payable | 1,505 | 819 |
| Accrued expenses | 821 | 574 |
| Current portion of operating lease liabilities | 136 | 108 |
| Current portion of finance lease liabilities | 53 | 49 |
| Total current liabilities | 2,515 | 1,550 |
| Borrowings under revolving lines of credit | 11 | 0 |
| Long-term debt, net | 6,029 | 3,057 |
| Deferred income tax liabilities, net | 929 | 847 |
| Operating lease liabilities | 678 | 562 |
| Finance lease liabilities | 130 | 139 |
| Other long-term liabilities | 34 | 25 |
| Total liabilities | 10,326 | 6,180 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity: | ||
| Common stock, $0.00001 par value per share; authorized 2,000.0 shares; 725.4 and 674.5 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 0 | 0 |
| Additional paid-in capital | 10,079 | 9,047 |
| Retained earnings (accumulated deficit) | (761) | (395) |
| Accumulated other comprehensive income (loss) | 3 | (2) |
| Total stockholders’ equity | 10,378 | 9,707 |
| Total liabilities, mezzanine equity and stockholders’ equity | 22,665 | 15,887 |
| Series C Preferred Stock | ||
| Mezzanine Equity [Abstract] | ||
| Series C Preferred Stock, $0.001 par value per share; 0.2 shares and 0.0 shares authorized, issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 1,961 | 0 |
| Mandatory Convertible Preferred Stock | ||
| Stockholders’ equity: | ||
| Preferred stock | 558 | 558 |
| Convertible Preferred Stock | ||
| Stockholders’ equity: | ||
| Preferred stock | $ 499 | $ 499 |