- BEACN Announces Financial Results for Year Ended December 31, 2025
Apr 25, 2026
Not for distribution to United States Newswire Services or for dissemination in the United States
VICTORIA, BC / ACCESS Newswire / April 24, 2026 / BEACN Wizardry & Magic Inc. (TSXV:BECN) ("BEACN" or the "Company") announces its annual financial statements and accompanying MD&A for the fiscal year ended December 31, 2025 (the "Annual Financial Documents") have been filed. In 2025, BEACN realized a 21% decrease in revenue and a 30% decrease in gross profits when compared to the prior year. Gross margin was 35% in the year ended December 31, 2025 (2024 - 40%).
The decrease in revenue and gross margin compared to prior year was primarily due to depleted inventory of key product, and reduced demand from increased retail prices - both driven by the impact of US Tariffs. The decrease in gross margin was further affected by an increase in Amazon's share of D2C sales.
Further information is available from the Company's financial statements for the year ended December 31, 2025, available under the Company's profile on SEDAR at www.sedar.com.
"The company has weathered industry wide negative trends that continue to impact all aspects of our business including supply, pricing and product development. Small team agility is helping the company navigate a strong path forward, the announcement of BEACN Headset is a big part of that path.", says BEACN CEO, Kevin Alexander.
BEACN continues to invest in product development. In April 2026, BEACN announced their newest product, BEACN Headset. BEACN Headset incorporates Broadcast Voice DSP, the Company's proprietary onboard digital signal processing, enabling real-time microphone processing directly on the device. The product is expected to ship in Q2, 2026.
About BEACN
BEACN (TSX-V:BECN), a Victoria BC based consumer electronics company, develops innovative audio equipment, peripherals and technology for gamers, live streamers, and content creators. BEACN is committed to delivering premium products that enable everyone to produce studio-quality content. BEACN's award-winning product ecosystem includes BEACN Mic, BEACN Studio, BEACN Mix and BEACN Mix Create. BEACN is listed on the TSXV under the symbol BECN.
Media & Investor Enquiries
Liberty Brunet
ir@beacn.com
+1 (778) 561-1450
Cautionary Note Regarding Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking statements"). The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates", or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These forward-looking statements include, among other things, statements relating to: (a) [B2B Retail Strategy]; (b) [Online, Direct to Consumer Sales Strategy]; (c) [Product Design & Introduction]; and (d) [Quarterly Earnings].
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Such forward-looking statements are based on a number of assumptions of management, including, without limitation: (a) [Company's cost and timing expectations are accurate]; (b) [Company will be successful in the deployment of its resources and personnel]; (c) [Company's ability to maintain manufacturing volume for its products and its ability to sustain sales of products to customer]; and (d) [general economic and market conditions will not change in an adverse manner; political and regulatory stability including in financial and capital markets ].
Additionally, forward-looking statements involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) [risks that the supply chain disruption that may lead to a shortage of inventory for sale and/or delay introduction of new product]; (b) [risks that economic or other factors beyond the control of the Company may influence the purchasing behavior of customers]; (c) [risks that the volatility of global capital markets may adversely impact the Company's business and operations]; and (d) [risks that the Company could face technology or software disruptions].
The forward-looking statements contained in this press release represent management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Neither the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this press release. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this press release by you or any of your representatives or for omissions from the information in this press release. We seek safe harbor.
Reader Advisory
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: BEACN Wizardry & Magic Inc.
View the original press release on ACCESS Newswire
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- QXO Unveils $17 Billion TopBuild Deal At 23% Premium
Apr 20, 2026
This article first appeared on GuruFocus.
QXO Inc. (NYSE:QXO) is stepping deeper into consolidation mode, announcing a roughly $17 billion agreement to acquire TopBuild Corp. in a move that could materially expand its position in North America's building products distribution market. The offer values TopBuild at $505 per share, representing a 23% premium to its prior closing price of $410.31, with QXO planning to fund up to 45% of the deal in cash and the remainder through stock capped at 20.2 shares. The transaction is expected to close in the third quarter of 2026 and, if completed, could position QXO as the second-largest publicly traded distributor in the region.
Warning! GuruFocus has detected 9 Warning Signs with QXO. Is QXO fairly valued? Test your thesis with our free DCF calculator.
The deal builds on a rapid sequence of acquisitions under Chief Executive Officer Brad Jacobs, who has been pursuing a plan to scale QXO into a $50 billion-revenue platform over the next decade. The company previously acquired Beacon Roofing Supply (BECN) in 2025 and Kodiak Building Partners this year, while also attempting to acquire GMS Inc., which was ultimately purchased by Home Depot. Alongside these transactions, QXO has raised additional capital to support its expansion strategy, including a $1.8 billion fundraising round backed by Apollo Global Management and Temasek Holdings.
Management indicated that combining QXO's distribution capabilities across roofing, waterproofing, and lumber-related materials with TopBuild's insulation business could result in a higher-margin platform with broader value-added offerings. On a pro forma basis, the combined entity is expected to generate more than $18 billion in revenue and over $2 billion in adjusted EBITDA, with approximately 28,000 employees and around 1,150 locations across the U.S. and Canada. The company also said the transaction could position it as the leading player in insulation and waterproofing in North America, while ranking second in roofing, suggesting potential scale advantages and cross-selling opportunities across its expanded footprint.
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- Truist Financial Reiterates a Buy Rating on QXO, Inc. (QXO)
Nov 4, 2025
QXO, Inc. (NYSE:QXO) is one of the best stocks to buy with over 50% upside potential. Truist Financial analyst Keith Hughes reiterated a Buy rating on QXO, Inc. (NYSE:QXO) on October 29.
William Blair analyst Ryan Merkel also maintained a bullish outlook on the stock on October 20, without assigning a price target.Why Beacon Roofing Supply Inc (BECN) Is Up the Most So Far in 2025
Merkel based the optimistic rating on the company’s potential and performance, stating that QXO, Inc.’s (NYSE:QXO) fiscal Q3 results not only aligned with expectations but also surpassed the broader market expectations. These trends show stable performance amid the challenges of the industry.
The analyst further expects a boost in QXO, Inc.’s (NYSE:QXO) performance by 2026, supported by factors such as improvements in sales execution and pricing, inventory management, and procurement.
QXO, Inc. (NYSE:QXO) distributes roofing, waterproofing, and complementary building products in the United States. The company has plans to become a tech-enabled player in the building products distribution industry.
While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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- QXO, Inc. (QXO): A Bull Case Theory
Oct 22, 2025
We came across a bullish thesis on QXO, Inc. on Bullseye Investing’s Substack. In this article, we will summarize the bulls’ thesis on QXO. QXO, Inc.'s share was trading at $18.58 as of October 10th. QXO’s trailing and forward P/E were 2.11 and 40.16 respectively according to Yahoo Finance.
QXO, Inc. (NYSE: QXO) is an early-stage consolidator in the building products distribution sector, targeting a fragmented $800 billion market with tech-enabled acquisitions. Led by serial M&A executive Brad Jacobs, whose track record includes creating multi-billion-dollar enterprises such as United Rentals and United Waste Systems, QXO has already made a notable move with its acquisition of Beacon Roofing Supply, instantly becoming the largest publicly traded U.S. roofing distributor. This acquisition illustrates QXO’s strategy: acquire established operators, implement operational and technological upgrades, and scale profitability.
The combination of QXO’s operations and Beacon Roofing’s strong financials—P/E of 12.74, ROE of 23.86%, and robust free cash flow—positions the company for substantial growth. QXO’s model seeks to modernize an industry historically slow to adopt technology, creating a competitive edge over traditional players. The company holds $5.08 billion in cash, providing ample firepower for future acquisitions such as BlueLinx or MRC Global, which could further expand its market presence and drive earnings growth. While valuation metrics appear stretched, with a forward P/E of 64.1, the stock’s recent pullback offers an attractive entry point, reflecting temporary uncertainty rather than structural weakness.
Key risks include operational reliance on Beacon Roofing, competitive pressures from Home Depot and Lowe’s, and potential interest rate increases, which could raise acquisition costs. Overall, QXO represents a high-upside opportunity for growth investors, with its disciplined acquisition strategy, technology-driven efficiencies, and Jacobs’ proven leadership. Assuming successful integration of Beacon and at least one additional acquisition in 2025, the stock has potential for a 30% upside to $25 over the next 12–18 months.
Previously we covered a bullish thesis on QXO, Inc. by Frankxdxdxd in April 2025, which highlighted Brad Jacobs’ M&A expertise, QXO’s plan to consolidate the fragmented $800B building products industry, and the Beacon Roofing acquisition as a growth catalyst. The stock has appreciated ~49% since coverage. The thesis still stands as QXO executes acquisitions. Bullseye Investing shares a similar view but emphasizes Beacon’s financials and near-term upside.
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QXO, Inc. is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held QXO at the end of the second quarter which was 36 in the previous quarter. While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy NOW
Disclosure: None.
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- Trex Company Names Prithvi S. Gandhi to Senior Vice President, Chief Financial Officer
Oct 1, 2025
Mr. Prithvi S. Gandhi, Senior Vice President, Chief Financial Officer, Trex Company, Inc.
WINCHESTER, Va., October 01, 2025--(BUSINESS WIRE)--Trex Company, Inc. (NYSE: TREX), the world’s largest manufacturer of high-performance, low-maintenance composite decking and railing, today announced that it has named Prithvi (Prith) Gandhi as Senior Vice President, Chief Financial Officer effective October 6, 2025.
Mr. Gandhi brings over 25 years of financial leadership experience, having served in CFO, FP&A, strategy and corporate development roles across the building products, manufacturing, basic materials, and information technology sectors. Most recently, he was Executive Vice President and CFO of Beacon Roofing Supply, a leading North American distributor of residential and commercial roofing products. While at Beacon, he strengthened the company’s focus on financial planning, business insights, investor relations and implementation of cost reduction actions. Prior to that, he served as Vice President and CFO of TAMKO Building Products, LLC, one of the largest independent U.S. manufacturers of residential roofing products, where he drove financial performance improvements and spearheaded the company’s entry into sustainable products.
"We’re very pleased to welcome Prith to Trex as our new Chief Financial Officer," said Bryan Fairbanks, President and Chief Executive Officer of Trex Company. "He brings extensive leadership experience in finance, corporate strategy and development in the Building Products sector. Prith has a proven track record of developing impactful financial strategies, which are critical to successfully navigating the complexities of today’s Building Products landscape. His expertise will be invaluable as we continue to execute our long-term strategy, create sustainable value for our shareholders, and strengthen Trex’s market leadership."
Earlier in his career, Mr. Gandhi had a successful eight-year tenure at Owens Corning [NYSE: OC], where he held multiple senior finance roles, including as Interim CFO from 2019-2020.
"I am pleased to join the executive leadership team at Trex, universally recognized as a leader in the outdoor living space," said Prithvi Gandhi. "Trex’s proven track record of innovation, operational excellence, and delivering value to its customers and shareholders is inspiring. I look forward to contributing to the Company’s continued growth and success."
Prithvi Gandhi received a Bachelor of Science degree in Mathematics and Economics from the University of California, a Master of Arts degree in International Economics from Georgetown University, and Master of Business Administration degree with a concentration in Finance and Accounting from the Wharton School of Business.
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About Trex Company
For more than 30 years, Trex Company [NYSE: TREX] has invented, reinvented and defined the composite decking category. Today, the company is the world’s #1 brand of sustainably made, wood-alternative decking and residential railing, and a leader in high performance, low-maintenance outdoor living products. Boasting the industry’s strongest distribution network, Trex sells products through more than 6,700 retail outlets across six continents. Through strategic licensing agreements, the company offers a comprehensive outdoor living portfolio that includes deck drainage, flashing tapes, LED lighting, outdoor kitchen components, pergolas, spiral stairs, fencing, lattice, cornhole and outdoor furniture – all marketed under the Trex® brand. Based in Winchester, Va., Trex is proud to have been named America’s Most Trusted® Outdoor Decking* 5 Years in a Row (2021-2025). The company also holds a place on Barron’s list of the 100 Most Sustainable U.S. Companies (2024 and 2025), was named one of America’s Most Responsible Companies 2024 by Newsweek, ranked as one of the 100 Best ESG Companies by Investor’s Business Daily, and named the Sustainable Brand Leader in the decking category by Green Builder Media for the 15th consecutive year. For more information, visit Trex.com.
You may also follow Trex on Facebook (trexcompany), Instagram (trexcompany), X (Trex_Company), LinkedIn (trex-company), TikTok (trexcompany), Pinterest (trexcompany) and Houzz (trex-company-inc), or view product and demonstration videos on the brand’s YouTube channel (TheTrexCo).
*2021-2025 DISCLAIMER: Trex received the highest numerical score in the proprietary Lifestory Research 2021-2025 America’s Most Trusted® Outdoor Decking studies. Study results are based on the experiences and perceptions of people surveyed. Your experiences may vary. Visit www.lifestoryresearch.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251001419922/en/
Contacts
Lynn Morgen
Casey Kotary
ADVISIRY Partners
212-750-5800
lynn.morgen@advisiry.com
casey.kotary@advisiry.com
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- Diversified Energy (DEC) Shares Cross Below 200 DMA
Sep 17, 2025
In trading on Wednesday, shares of Diversified Energy Company plc (Symbol: DEC) crossed below their 200 day moving average of $14.61, changing hands as low as $14.17 per share. Diversified Energy Company plc shares are currently trading off about 7.3% on the day. The chart below shows the one year performance of DEC shares, versus its 200 day moving average:
Looking at the chart above, DEC's low point in its 52 week range is $10.08 per share, with $17.70 as the 52 week high point — that compares with a last trade of $14.26.
Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average »
Also see: Victor Mashaal Stock Picks
BECN Historical Stock Prices
Institutional Holders of PLW
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
- Raymond James Initiates QXO (QXO) at Outperform with $28 Price Target
Sep 12, 2025
QXO Inc. (NYSE:QXO) is one of the best stocks for day trading. On September 5, Raymond James analyst Sam Darkatsh initiated coverage on QXO Inc. (NYSE:QXO) with an Outperform rating and a $28 price target. The analyst pointed to the company’s recent acquisition of Beacon Roofing as a pivotal step in establishing a scalable platform in building products distribution.Raymond James Initiates QXO (QXO) at Outperform with $28 Price Target
Darkatsh sees QXO Inc.’s (NYSE:QXO) ambition to reach $50 billion in revenue as a long-term growth opportunity and describes the current risk-reward setup as attractive. He said that lacklustre investor sentiment is an overhang over share prices currently.
At the same time, he cautioned that execution remains critical for the company, with integration and operational delivery likely to determine whether the company’s strategy can gain investor confidence.
QXO Inc. (NYSE:QXO) is a distributor of roofing, waterproofing, and complementary building products in the United States.
While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best Multibagger Stocks to Invest in Right Now and 10 Best High Beta Stocks To Buy Now.
Disclosure: None. This article is originally published at Insider Monkey.
- Raymond James Initiates QXO, Inc. (QXO) With a Buy
Sep 10, 2025
QXO, Inc. (NYSE:QXO) is one of the Best Stocks to Buy for the Next 3 Months According to Hedge Funds. On September 5, Sam Darkatsh from Raymond James initiated coverage of QXO, Inc. (NYSE:QXO) with a Buy rating and a $28 price target.
The analyst sees QXO as a good investment opportunity and describes the setup for the company as asymmetrically favorable. He also highlighted the company’s acquisition of Beacon Roofing Supply for around $11 billion to be a major milestone. Darkatsh believes that this acquisition gives QXO a strong platform in building product distribution and supports the company’s goal to reach $50 billion in revenue. However, the analyst warned about some possible execution risks that could potentially challenge and delay the company’s plan.
QXO, Inc. (NYSE:QXO) distributes roofing, waterproofing, and building products in the US. It uses technology to help contractors and suppliers manage inventory, orders, and customer service.
While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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- Here’s What the Wall Street Thinks About QXO, Inc. (QXO)
Aug 31, 2025
QXO, Inc. (NYSE:QXO) is one of the Best Performing NYSE Stocks According to Analysts. Wall Street is bullish on the stock as the company topped analysts expectations for its fiscal second quarter of 2025. QXO, Inc. (NYSE:QXO) delivered $1.91 billion in revenue, exceeding expectations by $32.71 million, while the EPS of $0.11 topped by $0.07.
Several analysts have given their bullish sentiment for the stock. On August 20, William Blair analyst Ryan Merkel maintained a Buy rating on QXO, Inc. (NYSE:QXO) without disclosing any price targets. More recently, on August 22, Benchmark also initiated the stock with a Buy rating with an associated price target of $50.
Benchmark highlighted that the market is overly focused on the company’s first acquisition of Beacon Roofing. The firm believes investors should look beyond this initial purchase and consider the company’s broader growth potential. Benchmark’s model projects that by 2030, QXO, Inc. (NYSE:QXO) could surpass $30 billion in revenue, generate $4.5 billion in EBITDA, and deliver $2.00 in earnings per share.
QXO, Inc. (NYSE:QXO) is a tech-enabled distributor of roofing, waterproofing, and other building products in the United States.
While we acknowledge the potential of QXO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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- How Investors Are Reacting To QXO (QXO) After Analyst Focus on Expansion and Wider Losses
Aug 26, 2025
In August 2025, Benchmark initiated coverage on QXO, Inc. and highlighted the company’s expansion plans and multi-vertical growth opportunities following its Beacon Roofing acquisition. This analyst attention comes as QXO reported very large year-over-year increases in sales but wider losses for the quarter and first half of 2025. We’ll explore how Benchmark’s focus on QXO’s broader growth potential shapes the company’s investment narrative in a consolidating sector.
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What Is QXO's Investment Narrative?
For anyone looking at QXO, the big picture centers on whether the company’s aggressive expansion and acquisition strategy can ultimately deliver profitability after such a dramatic jump in sales post-Beacon Roofing. The latest earnings revealed soaring revenues to over US$1.9 billion for the quarter, but also much wider losses, showing that top-line growth hasn’t yet translated to the bottom line. The absence of share buybacks signals a focus on reinvestment, not returning capital to shareholders, and reinforces that QXO is placing its bets on scaling rapidly across multiple verticals. Executive turnover and a largely new board add leadership uncertainty, which can amplify execution risks, especially with QXO’s well-publicized ambitions. For the short-term, the most important catalysts come from further M&A progress or signs the new team can control mounting losses. That said, the recent update itself, no fresh buyback activity and reaffirmed loss trajectory, doesn’t materially alter the risk/reward calculus from prior analyst views, but reminds investors that profitability might remain elusive while the company is in build mode.
Yet, with so many new leaders, the direction could still shift quickly, a real risk worth watching.
QXO's shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be.
Exploring Other PerspectivesQXO Community Fair Values as at Aug 2025
Across ten estimates by the Simply Wall St Community, fair values for QXO range from just above US$0 to US$100. Against this wide backdrop of expectations, recent results showing higher revenue but mounting losses may influence how participants weigh future outcomes. Explore how diverse opinions can shape both confidence and caution about QXO’s future.
Explore 10 other fair value estimates on QXO - why the stock might be worth less than half the current price!
Build Your Own QXO Narrative
Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.
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A great starting point for your QXO research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision. Our free QXO research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate QXO's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include QXO.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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