Security
XL Fleet Corp. Class A Common Stock · XL
XLNYSECommon stockHistorical · closed Nov 11, 2022CIK 1772720Updated Nov 2, 2026
Name history
XL Fleet Corp. · through Nov 9, 2022Pivotal Investment Corp II · through Dec 22, 2020
Current security for this SEC filerSPRU · NYSE
XL price & chart
Historical security
This listing closed Nov 11, 2022. Live provider charts are shown only for current listings.
Current security: SPRU
In the news
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 857,057,000Source | 806,774,000Source | 818,400,000Source | 862,631,000Source | 858,434,000Source | 824,368,000Source | 877,987,000Source | 867,888,000Source | 837,273,000Source | 898,479,000Source | 895,021,000Source | 826,552,000Source |
| Property, Plant and Equipment, NetUSD | 569,281,000Source | 464,695,000Source | 544,765,000Source | 577,625,000Source | 471,302,000Source | 553,057,000Source | 582,849,000Source | 477,834,000Source | 561,388,000Source | 589,014,000Source | 484,406,000Source | 395,826,000Source |
| GoodwillUSD | — | 0Source | — | — | 28,757,000Source | — | — | 28,757,000Source | — | 0Source | 28,757,000Source | 128,548,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 8,112,000Source | 9,267,000Source | 7,269,000Source | 8,394,000Source | 9,577,000Source | 7,550,000Source | 8,675,000Source | 9,886,000Source | 7,830,000Source | 8,957,000Source | 10,196,000Source | — |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 53,645,000Source | 113,658,000Source | 44,660,000Source | 53,511,000Source | 116,588,000Source | 50,017,000Source | 61,924,000Source | 120,581,000Source | 54,842,000Source | 72,802,000Source | 141,354,000Source | 220,321,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 18,085,000Source | 11,523,000Source | 25,719,000Source | 19,400,000Source | 13,252,000Source | 18,806,000Source | 19,545,000Source | 10,961,000Source | 15,748,000Source | 15,010,000Source | 9,188,000Source | 8,336,000Source |
| Assets, CurrentUSD | 125,434,000Source | 173,006,000Source | 114,330,000Source | 119,300,000Source | 178,870,000Source | 111,346,000Source | 125,870,000Source | 178,238,000Source | 115,873,000Source | 136,430,000Source | 203,341,000Source | 274,956,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 4,190,000Source | 4,779,000Source | 2,710,000Source | 4,397,000Source | 5,136,000Source | 2,890,000Source | 4,448,000Source | 5,377,000Source | 3,189,000Source | 6,014,000Source | 9,879,000Source | 5,316,000Source |
| Operating Lease, Right-of-Use AssetUSD | 4,415,000Source | 5,029,000Source | 3,820,000Source | 4,618,000Source | 5,324,000Source | 3,998,000Source | 4,502,000Source | 5,626,000Source | 4,208,000Source | 4,750,000Source | 5,933,000Source | 2,686,000Source |
| Other Assets, NoncurrentUSD | 255,000Source | 255,000Source | 274,000Source | 268,000Source | 255,000Source | 274,000Source | 255,000Source | 255,000Source | 269,000Source | 255,000Source | 257,000Source | 383,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 729,721,000Source | 655,138,000Source | 695,482,000Source | 735,221,000Source | 653,871,000Source | 705,029,000Source | 747,208,000Source | 654,924,000Source | 716,021,000Source | 752,327,000Source | 680,352,000Source | 537,576,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | — | — | — | — | — | — | — | — | — | — | — | 14,000Source |
| Additional Paid in CapitalUSD | 480,488,000Source | 477,413,000Source | 482,502,000Source | 479,761,000Source | 476,711,000Source | 482,340,000Source | 479,192,000Source | 476,475,000Source | 481,327,000Source | 478,366,000Source | 475,654,000Source | 473,277,000Source |
| Retained Earnings (Accumulated Deficit)USD | -347,541,000Source | -322,449,000Source | -354,010,000Source | -346,681,000Source | -268,920,000Source | -357,329,000Source | -343,715,000Source | -260,342,000Source | -354,404,000Source | -328,377,000Source | -257,888,000Source | -193,342,000Source |
| Liabilities and EquityUSD | 857,057,000Source | 806,774,000Source | 818,400,000Source | 862,631,000Source | 858,434,000Source | 824,368,000Source | 877,987,000Source | 867,888,000Source | 837,273,000Source | 898,479,000Source | 895,021,000Source | 826,552,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 247,093,000Source | 62,808,000Source | 289,379,000Source | 239,485,000Source | 53,810,000Source | 231,013,000Source | 59,396,000Source | 53,245,000Source | 238,762,000Source | 59,569,000Source | 71,712,000Source | 59,697,000Source |
| Operating Lease, Liability, CurrentUSD | 936,000Source | 956,000Source | 941,000Source | 911,000Source | 1,042,000Source | 945,000Source | 841,000Source | 1,140,000Source | 945,000Source | 892,000Source | 1,166,000Source | 781,000Source |
| Accounts Payable, CurrentUSD | 1,459,000Source | 858,000Source | 1,409,000Source | 952,000Source | 1,417,000Source | 1,135,000Source | 775,000Source | 769,000Source | 1,916,000Source | 987,000Source | 1,120,000Source | 2,904,000Source |
| Operating Lease, Liability, NoncurrentUSD | 4,415,000Source | 5,061,000Source | 3,718,000Source | 4,659,000Source | 5,269,000Source | 3,952,000Source | 4,631,000Source | 5,472,000Source | 4,181,000Source | 4,848,000Source | 5,731,000Source | 2,365,000Source |
| Other Liabilities, NoncurrentUSD | 3,783,000Source | 3,219,000Source | 4,096,000Source | 3,701,000Source | 3,157,000Source | 3,949,000Source | 3,620,000Source | 3,107,000Source | 3,865,000Source | 3,540,000Source | 3,047,000Source | 10,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 2,482,000Source | 2,094,000Source | 2,519,000Source | 2,423,000Source | 2,194,000Source | 2,421,000Source | 2,385,000Source | 2,253,000Source | 2,422,000Source | 2,438,000Source | 2,325,000Source | 8,942,000Source |
| Additional Financial Items | ||||||||||||
| Long-term Debt, Excluding Current Maturities | — | — | — | — | — | — | — | — | —Source | —Source | —Source | —Source |
| Long-term Debt, Current MaturitiesUSD | 218,480,000Source | 28,351,000Source | 269,617,000Source | 215,624,000Source | 28,374,000Source | 207,923,000Source | 28,347,000Source | 28,181,000Source | 213,826,000Source | 28,310,000Source | 27,914,000Source | 25,314,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 466,764,000Source | 577,005,000Source | 392,958,000Source | 479,424,000Source | 584,478,000Source | 460,340,000Source | 671,775,000Source | 585,355,000Source | 462,942,000Source | 677,021,000Source | 590,866,000Source | 474,441,000Source |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | — | 0Source | — | — | 0Source | — | — | 0Source | — | 0Source | 0Source | 85,000Source |
| Stockholders' Equity Attributable to Parent | —Source | — | —Source | —Source | — | —Source | — | — | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -714,000Source | -53,554,000Source | 3,473,000Source | -2,867,000Source | -2,855,000Source | -15,314,000Source | -25,707,000Source | -70,053,000Source | -66,610,000Source | -92,791,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation and amortization | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 1,013,000Source | 826,000Source | 2,961,000Source | 2,712,000Source | 2,885,000Source | 9,996,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 3,492,000Source | 5,285,000Source | 2,040,000Source | 3,490,000Source | -85,000Source | -553,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 91,000Source | 258,000Source | 1,155,000Source | 1,263,000Source | 828,000Source | — |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | -781,000Source | -212,000Source | 929,000Source | -133,000Source | -1,784,000Source | -1,696,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -2,697,000Source | -9,124,000Source | -3,530,000Source | -41,811,000Source | -33,661,000Source | — |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 0Source | 1,621,000Source | 5,334,000Source | 132,763,000Source | 43,097,000Source | 32,585,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | 5,334,000Source | 4,176,000Source | 24,780,000Source | -101,412,000Source | -16,735,000Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 0Source | 87,000Source | 221,000Source | 354,000Source | 499,000Source | — |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | -10,157,000Source | -7,731,000Source | -37,253,000Source | 79,430,000Source | -16,807,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 98,769,000Source | 149,981,000Source | 81,543,000Source | 90,457,000Source | 85,625,000Source | 96,469,000Source | 93,145,000Source | 109,148,000Source | 172,941,000Source | 240,144,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | — | — | — | — | — | 12,367,000Source |
| Additional Financial Items | ||||||||||||
| Accretion ExpenseUSD | — | — | — | — | — | — | 86,000Source | 80,000Source | 328,000Source | 236,000Source | 300,000Source | — |
| Share-based Payment Arrangement, ExpenseUSD | — | — | 800,000Source | 700,000Source | 900,000Source | 800,000Source | 1,000,000Source | 800,000Source | 3,000,000Source | 2,700,000Source | 2,900,000Source | 10,000,000Source |
| Amortization of Debt Issuance CostsUSD | — | — | — | — | — | — | — | — | — | — | — | 20,000Source |
| Amortization of Intangible AssetsUSD | — | — | 300,000Source | 300,000Source | 300,000Source | 300,000Source | 300,000Source | 300,000Source | — | 1,200,000Source | 1,800,000Source | — |
| Asset Retirement Obligation, Accretion ExpenseUSD | — | — | — | — | — | — | — | — | 328,000Source | 236,000Source | — | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | — | — | — | — | — | 0Source | 0Source | 17,000Source | 239,000Source | — |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of TaxUSD | — | — | — | — | — | — | — | — | — | — | 3,083,000Source | — |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | -1,573,000Source | -11,328,000Source | 1,899,000Source | -4,128,000Source | 800,000Source | -6,237,000Source | -12,684,000Source | -2,753,000Source | -4,816,000Source | 5,554,000Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | — | — | — | 580,000Source |
| Gain (Loss) on Disposition of Other AssetsUSD | — | — | — | — | — | — | 449,000Source | 335,000Source | 1,855,000Source | 2,504,000Source | 4,724,000Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | 409,000Source | 603,000Source | 468,000Source | 325,000Source | 449,000Source | 335,000Source | 1,855,000Source | 2,504,000Source | 4,724,000Source | 580,000Source |
| Gain (Loss) on Termination of LeaseUSD | — | — | — | — | — | — | — | — | — | — | 100,000Source | — |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | -373,000Source | -7,205,000Source | — | -135,000Source | — | -566,000Source | -1,711,000Source | -7,384,000Source | -27,465,000Source | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 4,527,000Source |
| GoodwillUSD | — | — | — | 0Source | — | — | — | — | — | 0Source | 28,757,000Source | 128,548,000Source |
| Goodwill, Impairment LossUSD | — | — | 0Source | 28,757,000Source | — | — | — | — | 0Source | 28,757,000Source | 0Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -677,000Source | -53,550,000Source | — | -2,853,000Source | — | -15,310,000Source | -25,643,000Source | -70,078,000Source | -62,487,000Source | -52,679,000Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -37,000Source | -4,000Source | — | -14,000Source | — | -4,000Source | -64,000Source | 25,000Source | -4,123,000Source | -40,112,000Source |
| Income Tax Expense (Benefit)USD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | — | — |
| InterestExpenseNonoperatingUSD | — | — | 12,815,000Source | 11,367,000Source | 12,867,000Source | 12,820,000Source | 12,287,000Source | 12,667,000Source | 50,918,000Source | 40,232,000Source | — | — |
| Investment Income, InterestUSD | — | — | 5,191,000Source | 6,265,000Source | 4,818,000Source | 5,174,000Source | 4,784,000Source | 5,267,000Source | 20,718,000Source | 22,758,000Source | 19,534,000Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -860,000Source | -53,529,000Source | 3,319,000Source | -2,966,000Source | -2,925,000Source | -15,338,000Source | -26,027,000Source | -70,489,000Source | -65,831,000Source | -93,931,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 146,000Source | -25,000Source | 154,000Source | 99,000Source | 70,000Source | 24,000Source | 320,000Source | 436,000Source | -779,000Source | 1,140,000Source |
| Operating ExpensesUSD | — | — | — | — | — | — | — | — | — | — | — | 83,067,000Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | 1,908,000Source | 0Source | 0Source | 3,374,000Source | 391,000Source | — |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | — | 0Source | 150,000Source | — |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | — | — | 0Source | 239,842,000Source | 21,396,000Source | — |
| Proceeds from Stock Options ExercisedUSD | — | — | — | — | — | — | — | — | 100,000Source | 0Source | 900,000Source | 630,000Source |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | — | — | — |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Nonoperating Income (Expense) | — | — | — | — | —Source | —Source | — | — | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 30,727,000Source | 21,378,000Source | 30,347,000Source | 33,256,000Source | 23,420,000Source | 23,834,000Source | 111,812,000Source | 82,107,000Source | 79,859,000Source | 23,194,000Source |
| Cost of Goods and Services Sold | — | — | — | —Source | — | — | — | — | — | — | —Source | — |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | — | — | 12,942,000Source | 13,521,000Source | 11,279,000Source | 15,234,000Source | 11,580,000Source | 14,666,000Source | 55,113,000Source | 58,889,000Source | 56,122,000Source | 73,118,000Source |
| Operating Income (Loss)USD | — | — | 8,484,000Source | -37,159,000Source | 9,775,000Source | 8,888,000Source | 3,848,000Source | -1,698,000Source | 17,940,000Source | -50,393,000Source | -36,817,000Source | -59,873,000Source |
| Income Tax Expense (Benefit)USD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | — | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 146,000Source | -25,000Source | 154,000Source | 99,000Source | 70,000Source | 24,000Source | 320,000Source | 436,000Source | -779,000Source | 1,140,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | -860,000Source | -53,529,000Source | 3,319,000Source | -2,966,000Source | -2,925,000Source | -15,338,000Source | -26,027,000Source | -70,489,000Source | -65,831,000Source | -93,931,000Source |
| Earnings Per Share, BasicUSD per share | — | — | -0.05Source | -2.88Source | 0.18Source | -0.17Source | -0.16Source | -0.84Source | -1.44Source | -3.82Source | -3.58Source | -0.66Source |
| Earnings Per Share, DilutedUSD per share | — | — | -0.05Source | -2.88Source | 0.15Source | -0.17Source | -0.16Source | -0.84Source | -1.44Source | -3.82Source | -3.58Source | -0.66Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 17,999,083Source | 18,566,015Source | 18,620,006Source | 17,917,611Source | 18,170,425Source | 18,187,637Source | 18,068,059Source | 18,470,926Source | 18,391,436Source | 142,692,003Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 17,999,083Source | 18,566,015Source | 21,948,624Source | 17,917,611Source | 18,170,425Source | 18,187,637Source | 18,068,059Source | 18,470,926Source | 18,391,436Source | 142,692,003Source |
| Interest Expense (non-operating)USD | — | — | 12,815,000Source | 11,367,000Source | 12,867,000Source | 12,820,000Source | 12,287,000Source | 12,667,000Source | 50,918,000Source | 40,232,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 300,000Source | 300,000Source | 300,000Source | 300,000Source | 300,000Source | 300,000Source | — | 1,200,000Source | 1,800,000Source | — |
| Costs and ExpensesUSD | — | — | 22,243,000Source | 58,537,000Source | 20,572,000Source | 24,368,000Source | 19,572,000Source | 25,532,000Source | 93,872,000Source | 132,500,000Source | 116,676,000Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | — | — | — | — | 7,509,000Source | 7,548,000Source | 30,191,000Source | 21,284,000Source | 21,586,000Source | 6,422,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | — | — | -1,573,000Source | -11,328,000Source | 1,899,000Source | -4,128,000Source | 800,000Source | -6,237,000Source | -12,684,000Source | -2,753,000Source | -4,816,000Source | 5,554,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | -373,000Source | -7,205,000Source | — | -135,000Source | — | -566,000Source | -1,711,000Source | -7,384,000Source | -27,465,000Source | — |
| Goodwill, Impairment LossUSD | — | — | 0Source | 28,757,000Source | — | — | — | — | 0Source | 28,757,000Source | 0Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -677,000Source | -53,550,000Source | — | -2,853,000Source | — | -15,310,000Source | -25,643,000Source | -70,078,000Source | -62,487,000Source | -52,679,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | -0.04Source | -2.88Source | 0.19Source | -0.16Source | -0.16Source | -0.84Source | -1.42Source | -3.79Source | -3.4Source | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | -0.04Source | -2.88Source | 0.16Source | -0.16Source | -0.16Source | -0.84Source | -1.42Source | -3.79Source | -3.4Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -37,000Source | -4,000Source | — | -14,000Source | — | -4,000Source | -64,000Source | 25,000Source | -4,123,000Source | -40,112,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 41,936,000Source | — |
| Interest Income (Expense), NetUSD | — | — | — | — | — | — | — | — | — | — | — | -10,062,000Source |
| Investment Income, InterestUSD | — | — | 5,191,000Source | 6,265,000Source | 4,818,000Source | 5,174,000Source | 4,784,000Source | 5,267,000Source | 20,718,000Source | 22,758,000Source | 19,534,000Source | — |
| Operating ExpensesUSD | — | — | — | — | — | — | — | — | — | — | — | 83,067,000Source |
| Other IncomeUSD | — | — | 36,000Source | 39,000Source | — | 19,000Source | 0Source | 21,000Source | -699,000Source | 525,000Source | 1,309,000Source | 912,000Source |
| Other Nonoperating Income (Expense) | — | — | — | — | —Source | —Source | — | — | — | — | — | — |