Xos, Inc. (XOS) Financial Statements
Industry: Motor Vehicle Parts & Accessories
In fiscal 2025, Xos reported revenue of $46.0M, down 17.8% from $56.0M the year before. Net income was -$25.3M (a -55.1% net margin), or -$2.71 per diluted share. Gross margin was 5.9% and operating margin was -71.9%. Operating activities generated $5.4M of cash, leaving $5.4M of free cash flow. At fiscal year end, Xos held $60.4M in total assets against $37.1M in total liabilities, including $14.0M of cash and equivalents.
Open the full interactive Xos financials → Quarterly statements, key ratios, valuation history and price charts.
Xos Key Stats
| Share Price | $3.24 |
|---|---|
| Market Cap | $40.8M |
| Revenue YoY Growth | -17.8% |
| 52-Week Range | $1.61 – $7.46 |
| Shares Outstanding | 12.6 million (basic, 2026 Q2) |
Xos Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $5.0M | $36.4M | $44.5M | $56.0M | $46.0M |
| Gross Profit | -$2.4M | -$30.0M | -$1.3M | $4.0M | $2.7M |
| Operating Income | -$53.2M | -$111.3M | -$65.0M | -$45.9M | -$33.1M |
| Pre-Tax Income | $23.4M | -$73.3M | -$75.8M | -$50.1M | -$25.3M |
| Income Tax | $2,000 | $8,000 | $21,000 | $37,000 | $23,000 |
| Net Income | $23.4M | -$73.3M | -$75.8M | -$50.2M | -$25.3M |
| Diluted EPS | $6.60 | -$13.20 | -$13.11 | -$6.69 | -$2.71 |
Xos Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $16.5M | $5.2M | $11.2M | $4.7M |
| Net Income | $2.1M | -$9.8M | -$5.0M | -$6.9M |
| Diluted EPS | $0.22 | -$1.04 | -$0.43 | -$0.55 |
Xos Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $16.1M | $35.6M | $11.6M | $11.0M | $14.0M |
| Current Assets | $166.0M | $163.2M | $71.7M | $82.3M | $49.9M |
| Total Assets | $228.7M | $189.9M | $93.7M | $98.3M | $60.4M |
| Current Liabilities | $16.0M | $45.8M | $19.6M | $46.7M | $23.7M |
| Total Long-Term Debt | $2.1M | $47.7M | $22.9M | $377,000 | $18.5M |
| Total Liabilities | $54.3M | $77.9M | $48.5M | $64.7M | $37.1M |
| Shareholders' Equity | $174.4M | $112.1M | $45.2M | $33.6M | $23.3M |
Xos Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$88.9M | -$128.0M | -$39.3M | -$48.8M | $5.4M |
| Cash From Investing | -$155.1M | $82.7M | $50.6M | $51.2M | $61,000 |
| Cash From Financing | $252.9M | $64.7M | -$38.4M | -$3.0M | -$2.4M |
| Free Cash Flow | -$93.8M | -$142.1M | -$40.7M | -$49.1M | $5.4M |
Figures from Xos' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Xos financials page for every line item.
Xos Company Profile
| Ticker | XOS |
|---|---|
| Exchange | Nasdaq |
| Industry | Motor Vehicle Parts & Accessories |
| Headquarters | Los Angeles, California |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001819493 |
Frequently Asked Questions
What was Xos' revenue in fiscal 2025?
Xos (XOS) reported revenue of $46.0M for fiscal 2025.
What is Xos' annual revenue history?
Xos' annual revenue by fiscal year: 2021: $5.0M; 2022: $36.4M; 2023: $44.5M; 2024: $56.0M; 2025: $46.0M.
What was Xos' net income in fiscal 2025?
Xos reported net income of -$25.3M for fiscal 2025.
What was Xos' earnings per share (EPS) in fiscal 2025?
Xos' diluted EPS was -$2.71 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Xos generate in fiscal 2025?
Xos generated $5.4M of free cash flow in fiscal 2025.
What was Xos' revenue last quarter?
In its most recent reported quarter (2026 Q2), Xos reported revenue of $4.7M.
How much debt does Xos have?
Xos reported $18.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Xos are outstanding?
Xos reported a weighted average of 12.6 million basic shares outstanding in 2026 Q2.
What is Xos' market cap?
Based on its latest closing price, Xos (XOS) has a market capitalization of about $40.8M.
When does Xos' fiscal year end?
Xos' fiscal year end, as registered with the SEC, is December 31.
Where is Xos headquartered?
Xos lists its business address in Los Angeles, California in its SEC filings.