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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Xos, Inc. (XOS). Click either name above to swap in a different company.

Xos, Inc. is the larger business by last-quarter revenue ($5.2M vs $4.1M, roughly 1.3× CaliberCos Inc.). Xos, Inc. runs the higher net margin — -186.8% vs -188.3%, a 1.5% gap on every dollar of revenue. On growth, CaliberCos Inc. posted the faster year-over-year revenue change (-52.5% vs -54.5%). Over the past eight quarters, Xos, Inc.'s revenue compounded faster (-35.7% CAGR vs -57.6%).

CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.

Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.

CWD vs XOS — Head-to-Head

Bigger by revenue
XOS
XOS
1.3× larger
XOS
$5.2M
$4.1M
CWD
Growing faster (revenue YoY)
CWD
CWD
+2.0% gap
CWD
-52.5%
-54.5%
XOS
Higher net margin
XOS
XOS
1.5% more per $
XOS
-186.8%
-188.3%
CWD
Faster 2-yr revenue CAGR
XOS
XOS
Annualised
XOS
-35.7%
-57.6%
CWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CWD
CWD
XOS
XOS
Revenue
$4.1M
$5.2M
Net Profit
$-7.7M
$-9.8M
Gross Margin
-50.5%
Operating Margin
-196.6%
-186.6%
Net Margin
-188.3%
-186.8%
Revenue YoY
-52.5%
-54.5%
Net Profit YoY
32.2%
48.6%
EPS (diluted)
$1.95
$-0.76

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CWD
CWD
XOS
XOS
Q4 25
$4.1M
$5.2M
Q3 25
$3.6M
$16.5M
Q2 25
$5.1M
$18.4M
Q1 25
$7.3M
$5.9M
Q4 24
$8.7M
$11.5M
Q3 24
$11.3M
$15.8M
Q2 24
$8.2M
$15.5M
Q1 24
$23.0M
$12.6M
Net Profit
CWD
CWD
XOS
XOS
Q4 25
$-7.7M
$-9.8M
Q3 25
$-4.4M
$2.1M
Q2 25
$-5.3M
$-7.5M
Q1 25
$-4.4M
$-10.2M
Q4 24
$-11.4M
$-19.0M
Q3 24
$146.0K
$-10.5M
Q2 24
$-4.7M
$-9.7M
Q1 24
$-3.8M
$-11.0M
Gross Margin
CWD
CWD
XOS
XOS
Q4 25
-50.5%
Q3 25
15.3%
Q2 25
8.8%
Q1 25
20.6%
Q4 24
-32.4%
Q3 24
18.1%
Q2 24
13.1%
Q1 24
22.1%
Operating Margin
CWD
CWD
XOS
XOS
Q4 25
-196.6%
-186.6%
Q3 25
-129.6%
-42.4%
Q2 25
-112.4%
-38.5%
Q1 25
-62.7%
-157.7%
Q4 24
-236.8%
-127.0%
Q3 24
0.0%
-61.4%
Q2 24
-65.0%
-73.2%
Q1 24
-22.9%
-81.1%
Net Margin
CWD
CWD
XOS
XOS
Q4 25
-188.3%
-186.8%
Q3 25
-120.2%
12.9%
Q2 25
-104.5%
-40.8%
Q1 25
-60.7%
-173.3%
Q4 24
-247.6%
-165.4%
Q3 24
1.3%
-66.6%
Q2 24
-57.8%
-62.2%
Q1 24
-16.6%
-87.1%
EPS (diluted)
CWD
CWD
XOS
XOS
Q4 25
$1.95
$-0.76
Q3 25
$-1.65
$0.22
Q2 25
$-4.15
$-0.91
Q1 25
$-3.85
$-1.26
Q4 24
$-10.15
$-2.34
Q3 24
$0.12
$-1.32
Q2 24
$-4.34
$-1.23
Q1 24
$-3.53
$-1.80

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CWD
CWD
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$2.9M
$14.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3M
$23.3M
Total Assets
$135.4M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CWD
CWD
XOS
XOS
Q4 25
$2.9M
$14.0M
Q3 25
$10.9M
$14.1M
Q2 25
$683.0K
$8.8M
Q1 25
$1.6M
$4.8M
Q4 24
$2.3M
$11.0M
Q3 24
$1.6M
$8.4M
Q2 24
$1.8M
$19.7M
Q1 24
$2.1M
$46.2M
Stockholders' Equity
CWD
CWD
XOS
XOS
Q4 25
$1.3M
$23.3M
Q3 25
$4.2M
$31.1M
Q2 25
$-19.9M
$18.3M
Q1 25
$-15.8M
$24.8M
Q4 24
$-12.6M
$33.6M
Q3 24
$-3.8M
$50.8M
Q2 24
$-4.7M
$59.2M
Q1 24
$-745.0K
$67.8M
Total Assets
CWD
CWD
XOS
XOS
Q4 25
$135.4M
$60.4M
Q3 25
$82.6M
$73.8M
Q2 25
$59.3M
$80.3M
Q1 25
$103.6M
$87.7M
Q4 24
$105.5M
$98.3M
Q3 24
$158.6M
$120.5M
Q2 24
$195.2M
$123.4M
Q1 24
$201.5M
$135.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CWD
CWD
XOS
XOS
Operating Cash FlowLast quarter
$-12.1M
$2.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CWD
CWD
XOS
XOS
Q4 25
$-12.1M
$2.4M
Q3 25
$-4.6M
$3.1M
Q2 25
$-1.2M
$4.6M
Q1 25
$-1.7M
$-4.8M
Q4 24
$555.0K
$3.3M
Q3 24
$-74.0K
$-11.5M
Q2 24
$1.4M
$-26.0M
Q1 24
$-1.5M
$-14.6M
Free Cash Flow
CWD
CWD
XOS
XOS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-11.7M
Q2 24
$-26.1M
Q1 24
$-14.6M
FCF Margin
CWD
CWD
XOS
XOS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-73.9%
Q2 24
-168.1%
Q1 24
-115.7%
Capex Intensity
CWD
CWD
XOS
XOS
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.9%
Q2 24
0.8%
Q1 24
0.2%
Cash Conversion
CWD
CWD
XOS
XOS
Q4 25
Q3 25
1.45×
Q2 25
Q1 25
Q4 24
Q3 24
-0.51×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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