Xos, Inc.XOSEarnings & Financial Report
Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.
Revenue
$15.5M
Gross Profit
$2.0M
Operating Profit
$-11.4M
Net Profit
$-9.7M
Gross Margin
13.1%
Operating Margin
-73.2%
Net Margin
-62.2%
YoY Growth
226.8%
EPS
$-1.23
Xos, Inc. Q2 FY2024 Financial Summary
Xos, Inc. reported revenue of $15.5M (up 226.8% YoY) for Q2 FY2024, with a net profit of $-9.7M (up 59.0% YoY) (-62.2% margin). Cost of goods sold was $13.5M, operating expenses totaled $13.4M.
Key Financial Metrics
| Total Revenue | $15.5M |
|---|---|
| Net Profit | $-9.7M |
| Gross Margin | 13.1% |
| Operating Margin | -73.2% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Xos, Inc. Q2 FY2024 revenue of $15.5M breaks down across 2 segments, led by Products at $15.2M (97.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $15.2M | 97.9% |
| Other | $324.0K | 2.1% |
Xos, Inc. Annual Revenue by Year
Xos, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $46.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $46.0M |
| 2024 | $55.4M |
| 2023 | $44.3M |
| 2022 | $36.4M |
Xos, Inc. Quarterly Revenue & Net Profit History
Xos, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $5.2M | -54.5% | $-9.8M | -186.8% |
| Q3 FY2025 | $16.5M | +4.5% | $2.1M | 12.9% |
| Q2 FY2025 | $18.4M | +18.4% | $-7.5M | -40.8% |
| Q1 FY2025 | $5.9M | -53.5% | $-10.2M | -173.3% |
| Q4 FY2024 | $11.5M | -37.6% | $-19.0M | -165.4% |
| Q3 FY2024 | $15.8M | -5.4% | $-10.5M | -66.6% |
| Q2 FY2024 | $15.5M | +226.8% | $-9.7M | -62.2% |
| Q1 FY2024 | $12.6M | +185.0% | $-11.0M | -87.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.6M | $15.5M | $15.8M | $11.5M | $5.9M | $18.4M | $16.5M | $5.2M |
| YoY Growth | 185.0% | 226.8% | -5.4% | -37.6% | -53.5% | 18.4% | 4.5% | -54.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $135.0M | $123.4M | $120.5M | $98.3M | $87.7M | $80.3M | $73.8M | $60.4M |
| Liabilities | $67.2M | $64.2M | $69.7M | $64.7M | $62.9M | $62.0M | $42.8M | $37.1M |
| Equity | $67.8M | $59.2M | $50.8M | $33.6M | $24.8M | $18.3M | $31.1M | $23.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-14.6M | $-26.0M | $-11.5M | $3.3M | $-4.8M | $4.6M | $3.1M | $2.4M |