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Financials · XOS

Xos Inc. (XOS) financials

For the twelve months ended Jun 30, 2026, Xos Inc. reported $37.69M of revenue and -$19.44M of net income.

Revenue, TTM
$37.69M
Revenue growth, YoY
-26.9%
Net income, TTM
-$19.44M
Net margin
-51.6%
Free cash flow, TTM
$1.16M
EPS, diluted, TTM
-$1.53
Cash
$13.23M
P/S
0.90
Market cap
$33.8M
Annual revenue$45.99M
FY2020FY2025
Annual net income-$25.32M
FY2020FY2025
Annual free cash flow$5.37M
FY2020FY2025

XOS revenue and earnings growth

XOS revenueQ2 2026$4.74M

Quarter YoY
-74.2%
QoQ
-57.8%
FY YoY
-17.8%
5Y CAGR
+77.1%

XOS revenue was $4.74M in fiscal Q2 2026 (ended Jun 30, 2026), down 74.2% from a year earlier and down 57.8% from the prior quarter. For the full fiscal 2025 it was $45.99M, down 17.8% from fiscal 2024. Compound annual growth was +77.1% over 5 years. It rose in 4 of the last 5 fiscal years.

XOS net incomeQ2 2026-$6.89M

XOS net income was -$6.89M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$7.49M a year earlier. For the full fiscal 2025 it was -$25.32M, compared with -$50.16M in fiscal 2024.

XOS EPSQ2 2026-$0.55

XOS diluted EPS was -$0.55 in fiscal Q2 2026 (ended Jun 30, 2026). For the full fiscal 2025 it was -$2.71, compared with -$6.69 in fiscal 2024.

XOS free cash flowQ2 2026-$2.71M

XOS free cash flow was -$2.71M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $4.64M a year earlier. For the full fiscal 2025 it was $5.37M, compared with -$49.10M in fiscal 2024. Fiscal 2025 is the highest of the 6 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$45.99M$55.96M$44.52M$36.38M$5.05M$2.64M
Cost of revenue$43.27M$52.00M$45.81M$66.41M$7.41M$2.34M
Gross profit$2.72M$3.96M-$1.29M-$30.03M-$2.36M$300.0K
Research and development$8.00M$10.63M$19.59M$30.68M$20.08M$7.01M
Selling, general and admin$24.80M$35.08M$37.70M$41.09M$27.20M$3.61M
Operating income-$33.08M-$45.87M-$64.97M-$111.35M-$53.16M-$11.87M
Pre-tax income-$25.30M-$50.12M-$75.82M-$73.32M$23.40M-$16.67M
Income tax$23.0K$37.0K$21.0K$8.0K$2.0K$0
Net income-$25.32M-$50.16M-$75.84M-$73.33M$23.40M-$16.67M
EPS, basic-$2.71-$6.69-$13.11-$13.31$6.60-$6.90
EPS, diluted-$2.71-$6.69-$13.11-$13.32$6.60-$6.90
Diluted shares9.4M7.5M5.8M5.8M3.6M2.4M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$14.04M$11.00M$11.64M$38.67M$19.18M$10.36M
Receivables$6.04M$26.90M$15.14M$8.24M$3.35M$408.0K
Inventory$24.96M$36.57M$37.84M$57.54M$30.88M$1.87M
Current assets$49.88M$82.30M$71.69M$163.20M$165.96M$12.69M
Total assets$60.36M$98.33M$93.68M$189.94M$228.71M$13.77M
Current liabilities$22.98M$46.67M$19.57M$45.77M$15.98M$32.94M
Short-term debt$958.0K$1.28M$1.00M$2.06M$0-
Total debt$0$377.0K$350.0K$303.0K$482.0K-
Total liabilities$36.40M$64.72M$48.49M$77.86M$54.31M$33.11M
Shareholders' equity$23.96M$34.12M$45.20M$112.08M$174.39M-$27.20M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow$5.37M-$48.80M-$39.29M-$127.96M-$88.89M-$12.34M
Capital expenditures$0$304.0K$1.39M$14.11M$4.92M$407.0K
Free cash flow$5.37M-$49.10M-$40.67M-$142.07M-$93.81M-$12.74M
Investing cash flow$61.0K$51.18M$50.63M$82.71M-$155.14M-$407.0K
Financing cash flow-$2.38M-$3.02M-$38.38M$64.75M$252.85M$23.09M
Share repurchases----$0$3.0K
Stock-based compensation$7.41M$7.71M$7.91M$5.22M$1.66M$12.0K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY-17.8%25.7%22.4%620.6%91.1%-
Gross margin5.9%7.1%-2.9%-82.6%-46.8%11.4%
Operating margin-71.9%-82.0%-145.9%-306.1%-1053.0%-449.5%
Net margin-55.1%-89.6%-170.3%-201.6%463.6%-631.1%
Free cash flow margin11.7%-87.7%-91.3%-390.6%-1858.4%-482.6%
Return on equity-105.7%-147.0%-167.8%-65.4%13.4%-
Return on assets-41.9%-51.0%-81.0%-38.6%10.2%-121.0%
Current ratio2.171.763.663.5710.380.39
Debt to equity0.000.010.010.000.00-

Source: XBRL data Xos Inc. files with the SEC, latest filing dated Aug 13, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-30, first reported Mar 29, 2024.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

XOS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
XOS$37.69M-26.9%-$19.44M-51.6%$33.8M
TT$23.23B+10.3%$3.16B13.6%$92.06B
MGA$42.01B-1.9%$829.00M2.0%$16.12B
BWA$14.24B+0.4%$478.00M3.4%$10.33B
ALSN$5.24B+70.8%$583.00M11.1%$10.19B
ALV$11.07B+4.3%$624.00M5.6%$8.95B
APTV$16.71B+4.1%$769.00M4.6%$8.08B
MOD$3.63B+35.1%$130.20M3.6%$5.65B
LEA$23.79B+3.5%$584.40M2.5%$5.34B

XOS FAQ

9 questions
  • What is XOS revenue?
    Xos Inc. (XOS) reported $37.69M of revenue for the twelve months ended Jun 30, 2026. That is down 26.9% from the year before. Revenue for fiscal 2025 was $45.99M.
  • Is XOS profitable?
    No. Xos Inc. reported a net loss of $19.44M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does XOS have?
    Xos Inc. reported $13.23M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is XOS revenue growing?
    Xos Inc.'s revenue changed -17.8% in fiscal 2025, to $45.99M. Its compound annual growth rate was +77.1% over 5 years.
  • What is XOS gross margin?
    Xos Inc.'s gross profit was $4.80M on $37.69M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 12.7%.
  • What is XOS free cash flow?
    Xos Inc. generated $1.16M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $1.20M less capital expenditures.
  • What is XOS earnings per share?
    Diluted earnings per share were -$1.53 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did XOS last report financial results?
    The latest statements here come from Xos Inc.'s 10-Q filed on Aug 13, 2026, covering the period ended Jun 30, 2026.
  • Where does this XOS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Xos Inc. files with the SEC. It is provided for information only and is not investment advice.