Company research
Xos, Inc.
CIK 1819493Updated Sep 26, 2026
Name history
NextGen Acquisition Corp · through Aug 19, 2021
XOS price & chart
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NASDAQ:XOS on TradingView ↗About the company
Xos is a leading energy storage and fleet electrification solutions provider. The Xos Hub is a proactive, movable power source delivering high-capacity output and high-speed charging in one. Xos vehicles and fleet management software are purpose-built for medium- and heavy-duty commercial vehicles that travel on last-mile, back-to-base routes. The Company leverages its proprietary technologies to provide a
In the news
Xos, Inc. Announces Fourth Quarter and full fiscal year 2025 Earnings Release Date and Conference Call ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 60,363,000Source | 98,333,000Source | 93,684,000Source | 189,936,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 14,040,000Source | 10,996,000Source | 11,640,000Source | 35,631,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 6,035,000Source | 26,870,000Source | 15,142,000Source | 8,238,000Source |
| Inventory, NetUSD | 24,961,000Source | 36,567,000Source | 37,843,000Source | 57,540,000Source |
| Assets, CurrentUSD | 49,877,000Source | 82,301,000Source | 71,695,000Source | 163,201,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 4,841,000Source | 7,868,000Source | 7,070,000Source | 8,100,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,534,000Source | 3,193,000Source | 4,991,000Source | 6,555,000Source |
| Other Assets, NoncurrentUSD | 4,632,000Source | 6,728,000Source | 2,338,000Source | 1,599,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 37,076,000Source | 64,723,000Source | 48,488,000Source | 77,861,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 1,000Source | 1,000Source | 1,000Source | 17,000Source |
| Additional Paid in CapitalUSD | 252,026,000Source | 237,029,000Source | 198,456,000Source | 190,215,000Source |
| Retained Earnings (Accumulated Deficit)USD | -228,740,000Source | -203,420,000Source | -153,261,000Source | -77,418,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | 0Source | -739,000Source |
| Stockholders' Equity Attributable to ParentUSD | 23,287,000Source | 33,610,000Source | 45,196,000Source | 112,075,000Source |
| Liabilities and EquityUSD | 60,363,000Source | 98,333,000Source | 93,684,000Source | 189,936,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 23,658,000Source | 46,669,000Source | 19,573,000Source | 45,766,000Source |
| Operating Lease, Liability, CurrentUSD | 1,836,000Source | 3,028,000Source | 1,664,000Source | 1,530,000Source |
| Accounts Payable, CurrentUSD | 2,473,000Source | 8,931,000Source | 2,756,000Source | 2,896,000Source |
| Operating Lease, Liability, NoncurrentUSD | 262,000Source | 16,656,000Source | 3,511,000Source | 5,174,000Source |
| Other Liabilities, NoncurrentUSD | 1,345,000Source | 17,933,000Source | 8,561,000Source | 11,000,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 6,744,000Source | 2,886,000Source | 7,435,000Source | 7,782,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 7,407,000Source | 7,710,000Source | 7,906,000Source | 5,222,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -20,833,000Source | 12,690,000Source | 6,982,000Source | 4,942,000Source |
| Increase (Decrease) in InventoriesUSD | -10,895,000Source | 1,558,000Source | -22,049,000Source | 31,285,000Source |
| Increase (Decrease) in Accounts PayableUSD | -6,458,000Source | 5,406,000Source | -133,000Source | -7,268,000Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 5,365,000Source | -48,795,000Source | -39,286,000Source | -127,960,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 61,000Source | 51,176,000Source | 50,630,000Source | 82,710,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 0Source | 304,000Source | 1,385,000Source | 14,113,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,021,000Source | 1,012,000Source | 1,060,000Source | 449,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,382,000Source | -3,025,000Source | -38,379,000Source | 64,749,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 3,044,000Source | -644,000Source | -27,035,000Source | 19,499,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 14,040,000Source | 10,996,000Source | 11,640,000Source | 38,675,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | 0Source | 1,524,000Source | — |
| Income Taxes Paid, NetUSD | 51,000Source | 17,000Source | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 7,407,000Source | 7,710,000Source | 7,906,000Source | 5,222,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | 30,000Source | 50,000Source | 6,201,000Source | 2,577,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | 0Source | -91,000Source | -147,000Source |
| DepreciationUSD | 2,200,000Source | 3,300,000Source | 3,300,000Source | 2,100,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 0Source | 7,350,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 48,000Source | 274,000Source | 671,000Source | 14,184,000Source |
| Gain (Loss) on Termination of LeaseUSD | 9,875,000Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 24,797,000Source | 35,083,000Source | 37,698,000Source | 41,093,000Source |
| Income Tax Expense (Benefit)USD | 23,000Source | 37,000Source | 21,000Source | 8,000Source |
| Inventory Write-downUSD | -300,000Source | 2,900,000Source | -1,876,000Source | 5,661,000Source |
| Net Income (Loss) Attributable to ParentUSD | -25,320,000Source | -50,159,000Source | -75,843,000Source | -73,325,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -25,320,000Source | -50,159,000Source | -75,843,000Source | -73,325,000Source |
| Operating ExpensesUSD | 35,807,000Source | 49,839,000Source | 63,675,000Source | 81,319,000Source |
| Operating Lease, Lease IncomeUSD | — | — | 37,000Source | — |
| Other Nonoperating Income (Expense)USD | -2,137,000Source | -4,561,000Source | -12,047,000Source | -4,835,000Source |
| Proceeds from Issuance of Common StockUSD | 2,402,000Source | 47,000Source | 1,201,000Source | 4,310,000Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 10,000Source | 8,000Source | 6,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 45,992,000Source | 55,961,000Source | 44,523,000Source | 36,376,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -33,083,000Source | -45,874,000Source | -64,965,000Source | -111,348,000Source |
| Other Nonoperating Income (Expense)USD | -2,137,000Source | -4,561,000Source | -12,047,000Source | -4,835,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -25,297,000Source | -50,122,000Source | -75,822,000Source | -73,317,000Source |
| Income Tax Expense (Benefit)USD | 23,000Source | 37,000Source | 21,000Source | 8,000Source |
| Net Income (Loss) Attributable to ParentUSD | -25,320,000Source | -50,159,000Source | -75,843,000Source | -73,325,000Source |
| Earnings Per Share, BasicUSD per share | -2.71Source | -6.69Source | -13.11Source | -0.44Source |
| Earnings Per Share, DilutedUSD per share | -2.71Source | -6.69Source | -13.11Source | -0.44Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 9,360,000Source | 7,500,000Source | 5,787,000Source | 165,253,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 9,360,000Source | 7,500,000Source | 5,787,000Source | 174,382,000Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 23,000Source | 37,000Source | 21,000Source | 8,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 48,000Source | 274,000Source | 671,000Source | 14,184,000Source |
| General and Administrative ExpenseUSD | 24,797,000Source | 35,083,000Source | 37,698,000Source | 41,093,000Source |
| Gross ProfitUSD | 2,724,000Source | 3,965,000Source | -1,290,000Source | -30,029,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -25,343,000Source | -50,824,000Source | -75,822,000Source | -73,317,000Source |
| Lease IncomeUSD | 500,000Source | 800,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -25,320,000Source | -50,159,000Source | -75,843,000Source | -73,325,000Source |
| Operating ExpensesUSD | 35,807,000Source | 49,839,000Source | 63,675,000Source | 81,319,000Source |
| Operating Lease, Lease IncomeUSD | — | — | 37,000Source | — |
| Research and Development ExpenseUSD | 8,000,000Source | 10,627,000Source | 19,589,000Source | 30,679,000Source |
| Selling and Marketing ExpenseUSD | 3,010,000Source | 4,129,000Source | 6,388,000Source | 9,547,000Source |
Filing attachments
xos-ex99_1.htm · 8-K · 2026-08-13
EX-99.1 2 xos-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 Xos Extends Gross Profit Streak, Highlighting Operational Efficiency Expanded first-half GAAP gross margin to 31.0% from 11.8% and non-GAAP gross margin to 29.0% from 4.9% in the prior year Reduced first-half operating expenses by 8.6%, narrowing GAAP and non-GAAP operating losses by 22.8% and 40.9%, respectively Improved first-half EBITDA by 24.8% and adjusted EBITDA by 38.6% year-over-year LOS ANGELES, CA -- August 13, 2026 -- Xos…
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