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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.22M | - | $16.50M | $18.39M | $5.88M | - | $15.79M | $15.54M | $13.16M | - |
| Cost of Revenue | $6.89M | - | $13.97M | $16.77M | $4.67M | - | $12.93M | $13.51M | $10.37M | - |
| Gross Profit | $4.33M | - | $2.53M | $1.62M | $1.21M | - | $2.86M | $2.03M | $2.79M | - |
| R&D | $2.03M | - | $2.10M | $2.09M | $1.93M | - | $2.62M | $3.00M | $3.07M | - |
| SG&A | $6.07M | - | $6.46M | $5.91M | $7.90M | - | $8.90M | $9.18M | $8.96M | - |
| Total Operating Expenses | $9.01M | - | $9.53M | $8.70M | $10.48M | - | $12.55M | $13.40M | $13.03M | - |
| D&A | $600.0K | - | $500.0K | $600.0K | $500.0K | - | $800.0K | $900.0K | $913.0K | - |
| Operating Income | ($4.68M) | - | ($6.99M) | ($7.08M) | ($9.27M) | - | ($9.69M) | ($11.37M) | ($10.24M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $5.0K | - | ($2.0K) | $13.0K | $12.0K | - | $4.0K | $4.0K | $5.0K | - |
| Net Income | ($4.95M) | - | $2.12M | ($7.50M) | ($10.19M) | - | ($10.51M) | ($9.66M) | ($11.00M) | - |
| EPS - Basic | ($0.43) | - | $0.22 | ($0.91) | ($1.26) | - | ($1.32) | ($1.23) | ($1.80) | - |
| EPS - Diluted | ($0.43) | - | $0.22 | ($0.91) | ($1.26) | - | ($1.32) | ($1.23) | ($1.80) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.85M | $14.04M | $14.07M | $8.79M | $4.76M | $11.00M | $8.43M | $19.66M | $46.17M | $11.64M |
| Accounts Receivable | $7.40M | $6.04M | $15.38M | $18.09M | $22.21M | $26.87M | $36.44M | $29.74M | $20.32M | $15.14M |
| Inventory | $23.66M | $24.96M | $25.22M | $31.01M | $38.01M | $36.57M | $42.40M | $41.36M | $36.62M | $37.84M |
| Accounts Payable | $1.94M | $2.47M | $4.86M | $4.93M | $6.51M | $8.93M | $8.92M | $3.10M | $2.27M | $2.76M |
| Current Assets | $45.26M | $49.88M | $62.53M | $66.63M | $73.09M | $82.30M | $97.58M | $100.12M | $112.80M | $71.69M |
| Total Assets | $54.42M | $60.36M | $73.81M | $80.35M | $87.68M | $98.33M | $120.51M | $123.43M | $134.98M | $93.68M |
| Current Liabilities | $23.93M | $23.66M | $25.96M | $30.07M | $45.37M | $46.67M | $50.19M | $20.05M | $22.30M | $19.57M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $34.63M | $37.08M | $42.75M | $62.02M | $62.87M | $64.72M | $69.67M | $64.21M | $67.17M | $48.49M |
| Stockholders' Equity | $19.79M | $23.29M | $31.06M | $18.33M | $24.81M | $33.61M | $50.84M | $59.22M | $67.81M | $45.20M |
| Retained Earnings | ($233.69M) | ($228.74M) | ($218.99M) | ($221.11M) | ($213.61M) | ($203.42M) | ($184.44M) | ($173.93M) | ($164.26M) | ($153.26M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.59M) | - | - | - | ($4.76M) | - | - | - | ($14.59M) | - |
| Investing Cash Flow | $312.0K | - | - | - | $0 | - | - | - | $51.33M | - |
| Financing Cash Flow | ($2.92M) | - | - | - | ($1.48M) | - | - | - | ($1.09M) | - |
| CapEx | $19.0K | - | - | - | $0 | - | - | - | $30.0K | - |
| Free Cash Flow | ($1.61M) | - | - | - | ($4.76M) | - | - | - | ($14.62M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 38.6% | - | 15.3% | 8.8% | 20.6% | - | 18.1% | 13.1% | 21.2% | - |
| Operating margin | -41.7% | - | -42.4% | -38.5% | -157.7% | - | -61.4% | -73.2% | -77.8% | - |
| EBITDA margin | -36.3% | - | -39.4% | -35.2% | -149.2% | - | -56.3% | -67.4% | -70.9% | - |
| Net margin | -44.1% | - | 12.9% | -40.8% | -173.3% | - | -66.6% | -62.2% | -83.6% | - |
| Free cash flow margin | -14.3% | - | - | - | -80.9% | - | - | - | -111.1% | - |
| FCF / Net income | 0.32 | - | - | - | 0.47 | - | - | - | 1.33 | - |
| R&D / Revenue | 18.1% | - | 12.7% | 11.3% | 32.8% | - | 16.6% | 19.3% | 23.4% | - |
| SG&A / Revenue | 54.0% | - | 39.1% | 32.1% | 134.3% | - | 56.3% | 59.1% | 68.1% | - |
| Effective tax rate | - | - | -0.1% | - | - | - | - | - | - | - |
| Return on assets | -9.1% | - | 2.9% | -9.3% | -11.6% | - | -8.7% | -7.8% | -8.2% | - |
| Return on equity | -25.0% | - | 6.8% | -40.9% | -41.1% | - | -20.7% | -16.3% | -16.2% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.89 | 2.11 | 2.41 | 2.22 | 1.61 | 1.76 | 1.94 | 4.99 | 5.06 | 3.66 |
| Quick ratio | 0.90 | 1.05 | 1.44 | 1.18 | 0.77 | 0.98 | 1.10 | 2.93 | 3.42 | 1.73 |
| Cash ratio | 0.41 | 0.59 | 0.54 | 0.29 | 0.10 | 0.24 | 0.17 | 0.98 | 2.07 | 0.59 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.75 | 2.59 | 2.38 | 4.38 | 3.53 | 2.93 | 2.37 | 2.08 | 1.99 | 2.07 |
| Liabilities / Assets | 0.64 | 0.61 | 0.58 | 0.77 | 0.72 | 0.66 | 0.58 | 0.52 | 0.50 | 0.52 |
| Efficiency | ||||||||||
| Asset turnover | 0.21 | - | 0.22 | 0.23 | 0.07 | - | 0.13 | 0.13 | 0.10 | - |
| Inventory turnover | 0.29 | - | 0.55 | 0.54 | 0.12 | - | 0.30 | 0.33 | 0.28 | - |
| Days sales outstanding | 241d | - | 340d | 359d | 1379d | - | 842d | 699d | 564d | - |
| Days inventory outstanding | 1253d | - | 659d | 675d | 2972d | - | 1197d | 1118d | 1288d | - |
| Days payable outstanding | 103d | - | 127d | 107d | 509d | - | 252d | 84d | 80d | - |
| Cash conversion cycle | 1391d | - | 872d | 926d | 3841d | - | 1788d | 1733d | 1772d | - |
| Valuation | ||||||||||
| P / E | - | - | 12.3x | - | - | - | - | - | - | - |
| P / B | 1.0x | - | 0.8x | 1.4x | 1.0x | - | 0.7x | 0.9x | 0.9x | - |
| P / S | 1.7x | - | 1.6x | 1.4x | 4.1x | - | 2.3x | 3.5x | 4.8x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 90.9% | - | 4.5% | 18.4% | -55.3% | - | -5.4% | 226.8% | 180.2% | - |
| Revenue CAGR (3y) | 33.7% | - | 258.9% | 213.7% | -5.8% | - | 141.2% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 257.9% | - | -11.6% | -20.2% | -56.6% | - | 44.3% | - | - | - |
| Operating income growth (YoY) | 49.5% | - | 27.8% | 37.7% | 9.5% | - | 23.2% | 44.5% | 48.9% | - |
| Net income growth (YoY) | 51.4% | - | - | 22.3% | 7.4% | - | 25.5% | 59.0% | 54.8% | - |
| EPS growth (YoY) | 65.9% | - | - | 26.0% | 30.0% | - | -1550.0% | -778.6% | -1185.7% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 66.2% | - | - | - | 67.5% | - | - | - | 6.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -20.2% | -30.7% | -38.9% | -69.1% | -63.4% | -25.6% | -11.7% | -14.5% | -24.5% | -59.7% |
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%
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing Xos against the 5 most active filers in the same SIC group.