XOS · Xos, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $45.99M | $55.96M | $44.52M | $36.38M | $2.64M | - |
| Cost of Revenue | $43.27M | $52.00M | $45.81M | $66.41M | $2.34M | - |
| Gross Profit | $2.72M | $3.96M | ($1.29M) | ($30.03M) | $300.0K | - |
| R&D | $8.00M | $10.63M | $19.59M | $30.68M | $7.01M | - |
| SG&A | $24.80M | $35.08M | $37.70M | $41.09M | $3.61M | - |
| Total Operating Expenses | $35.81M | $49.84M | $63.67M | $81.32M | $12.17M | - |
| D&A | $2.20M | $3.30M | $3.30M | $2.10M | $296.0K | - |
| Operating Income | ($33.08M) | ($45.87M) | ($64.97M) | ($111.35M) | ($11.87M) | - |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $23.0K | $37.0K | $21.0K | $8.0K | $0 | - |
| Net Income | ($25.32M) | ($50.16M) | ($75.84M) | ($73.33M) | ($16.67M) | - |
| EPS - Basic | ($2.71) | ($6.69) | ($13.11) | ($13.20) | ($6.90) | - |
| EPS - Diluted | ($2.71) | ($6.69) | ($13.11) | ($13.20) | ($6.90) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.04M | $11.00M | $11.64M | $35.63M | $16.14M | $821.3K |
| Accounts Receivable | $6.04M | $26.87M | $15.14M | $8.24M | $3.35M | - |
| Inventory | $24.96M | $36.57M | $37.84M | $57.54M | $30.88M | - |
| Accounts Payable | $2.47M | $8.93M | $2.76M | $2.90M | $10.12M | - |
| Current Assets | $49.88M | $82.30M | $71.69M | $163.20M | $165.96M | $1.26M |
| Total Assets | $60.36M | $98.33M | $93.68M | $189.94M | $228.71M | $376.27M |
| Current Liabilities | $23.66M | $46.67M | $19.57M | $45.77M | $15.98M | $122.7K |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $37.08M | $64.72M | $48.49M | $77.86M | $54.31M | $13.25M |
| Stockholders' Equity | $23.29M | $33.61M | $45.20M | $112.08M | $174.39M | $5.00M |
| Retained Earnings | ($228.74M) | ($203.42M) | ($153.26M) | ($77.42M) | ($4.09M) | ($352.4K) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.37M | ($48.80M) | ($39.29M) | ($127.96M) | ($12.34M) | - |
| Investing Cash Flow | $61.0K | $51.18M | $50.63M | $82.71M | ($407.0K) | - |
| Financing Cash Flow | ($2.38M) | ($3.02M) | ($38.38M) | $64.75M | $23.09M | - |
| CapEx | $0 | $304.0K | $1.39M | $14.11M | $407.0K | - |
| Free Cash Flow | $5.37M | ($49.10M) | ($40.67M) | ($142.07M) | ($12.74M) | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 5.9% | 7.1% | -2.9% | -82.6% | 11.4% | - |
| Operating margin | -71.9% | -82.0% | -145.9% | -306.1% | -449.5% | - |
| EBITDA margin | -67.1% | -76.1% | -138.5% | -300.3% | -438.3% | - |
| Net margin | -55.1% | -89.6% | -170.3% | -201.6% | -631.1% | - |
| Free cash flow margin | 11.7% | -87.7% | -91.3% | -390.6% | -482.6% | - |
| FCF / Net income | -0.21 | 0.98 | 0.54 | 1.94 | 0.76 | - |
| R&D / Revenue | 17.4% | 19.0% | 44.0% | 84.3% | 265.6% | - |
| SG&A / Revenue | 53.9% | 62.7% | 84.7% | 113.0% | 136.7% | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -41.9% | -51.0% | -81.0% | -38.6% | -7.3% | - |
| Return on equity | -108.7% | -149.2% | -167.8% | -65.4% | -9.6% | - |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 2.11 | 1.76 | 3.66 | 3.57 | 10.38 | 10.30 |
| Quick ratio | 1.05 | 0.98 | 1.73 | 2.31 | 8.45 | 10.30 |
| Cash ratio | 0.59 | 0.24 | 0.59 | 0.78 | 1.01 | 6.69 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.59 | 2.93 | 2.07 | 1.69 | 1.31 | 75.25 |
| Liabilities / Assets | 0.61 | 0.66 | 0.52 | 0.41 | 0.24 | 0.04 |
| Efficiency | ||||||
| Asset turnover | 0.76 | 0.57 | 0.48 | 0.19 | 0.01 | - |
| Inventory turnover | 1.73 | 1.42 | 1.21 | 1.15 | 0.08 | - |
| Days sales outstanding | 48d | 175d | 124d | 83d | 463d | - |
| Days inventory outstanding | 211d | 257d | 302d | 316d | 4815d | - |
| Days payable outstanding | 21d | 63d | 22d | 16d | 1578d | - |
| Cash conversion cycle | 238d | 369d | 404d | 383d | 3700d | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 0.7x | 0.7x | 1.0x | 20.7x | 39.0x | - |
| P / S | 0.4x | 0.4x | 1.0x | 63.7x | 2577.3x | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -17.8% | 25.7% | 22.4% | 1277.4% | - | - |
| Revenue CAGR (3y) | 8.1% | 176.7% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | -31.3% | - | 95.7% | - | - | - |
| Operating income growth (YoY) | 27.9% | 29.4% | 41.7% | -837.9% | - | - |
| Net income growth (YoY) | 49.5% | 33.9% | -3.4% | -339.9% | - | - |
| EPS growth (YoY) | 59.5% | 49.0% | 0.7% | -91.3% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | -20.7% | 71.4% | -1014.7% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -30.7% | -25.6% | -59.7% | -35.7% | 3387.9% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$45.99M totalReportable Segment$45.99M · 100.0%
Product / service
$91.29M totalProduct$45.10M · 49.4%
Stepvans And Vehicle Incentives$35.83M · 39.2%
Powertrains And Hubs$7.17M · 7.9%
Manufactured Product Other$1.70M · 1.9%
Ancillary$892.0K · 1.0%
Powertrain Engineering Services$600.0K · 0.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-3.58
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing Xos against the 5 most active filers in the same SIC group.