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

Solana Co is the larger business by last-quarter revenue ($5.2M vs $5.2M, roughly 1.0× Xos, Inc.). Solana Co runs the higher net margin — 6227.1% vs -186.8%, a 6413.9% gap on every dollar of revenue. On growth, Solana Co posted the faster year-over-year revenue change (2725.9% vs -54.5%). Over the past eight quarters, Solana Co's revenue compounded faster (522.3% CAGR vs -35.7%).

Solana is a Mexican cottage manufacturer of sports, racing, and kids' automobiles based in Mexico City. The family run company has operated since 1936, with a total production of fewer than fifty cars; the majority of them one-offs. The family is heavily involved in motor sports; the most prominent member was Moisés Solana, who raced family-built cars and later in Formula One.

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

HSDT vs XOS — Head-to-Head

Bigger by revenue
HSDT
HSDT
1.0× larger
HSDT
$5.2M
$5.2M
XOS
Growing faster (revenue YoY)
HSDT
HSDT
+2780.5% gap
HSDT
2725.9%
-54.5%
XOS
Higher net margin
HSDT
HSDT
6413.9% more per $
HSDT
6227.1%
-186.8%
XOS
Faster 2-yr revenue CAGR
HSDT
HSDT
Annualised
HSDT
522.3%
-35.7%
XOS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSDT
HSDT
XOS
XOS
Revenue
$5.2M
$5.2M
Net Profit
$325.6M
$-9.8M
Gross Margin
96.6%
-50.5%
Operating Margin
-3845.8%
-186.6%
Net Margin
6227.1%
-186.8%
Revenue YoY
2725.9%
-54.5%
Net Profit YoY
8388.0%
48.6%
EPS (diluted)
$111.28
$-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
HSDT
HSDT
XOS
XOS
Q4 25
$5.2M
$5.2M
Q3 25
$697.0K
$16.5M
Q2 25
$43.0K
$18.4M
Q1 25
$49.0K
$5.9M
Q4 24
$185.0K
$11.5M
Q3 24
$51.0K
$15.8M
Q2 24
$182.0K
$15.5M
Q1 24
$135.0K
$12.6M
Net Profit
HSDT
HSDT
XOS
XOS
Q4 25
$325.6M
$-9.8M
Q3 25
$-352.8M
$2.1M
Q2 25
$-9.8M
$-7.5M
Q1 25
$-3.8M
$-10.2M
Q4 24
$-19.0M
Q3 24
$-3.7M
$-10.5M
Q2 24
$-1.6M
$-9.7M
Q1 24
$-2.5M
$-11.0M
Gross Margin
HSDT
HSDT
XOS
XOS
Q4 25
96.6%
-50.5%
Q3 25
85.2%
15.3%
Q2 25
8.8%
Q1 25
20.6%
Q4 24
16.8%
-32.4%
Q3 24
18.1%
Q2 24
35.2%
13.1%
Q1 24
8.9%
22.1%
Operating Margin
HSDT
HSDT
XOS
XOS
Q4 25
-3845.8%
-186.6%
Q3 25
-5086.1%
-42.4%
Q2 25
-7725.6%
-38.5%
Q1 25
-8185.7%
-157.7%
Q4 24
-127.0%
Q3 24
-7980.4%
-61.4%
Q2 24
-1796.7%
-73.2%
Q1 24
-2530.4%
-81.1%
Net Margin
HSDT
HSDT
XOS
XOS
Q4 25
6227.1%
-186.8%
Q3 25
-50612.3%
12.9%
Q2 25
-22867.4%
-40.8%
Q1 25
-7832.7%
-173.3%
Q4 24
-165.4%
Q3 24
-7227.5%
-66.6%
Q2 24
-885.7%
-62.2%
Q1 24
-1863.7%
-87.1%
EPS (diluted)
HSDT
HSDT
XOS
XOS
Q4 25
$111.28
$-0.76
Q3 25
$-32.89
$0.22
Q2 25
$-79.73
$-0.91
Q1 25
$-0.51
$-1.26
Q4 24
$-2.34
Q3 24
$-744.35
$-1.32
Q2 24
$-485.30
$-1.23
Q1 24
$-3.08
$-1.80

Balance Sheet & Financial Strength

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

Metric
HSDT
HSDT
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$7.3M
$14.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$300.9M
$23.3M
Total Assets
$303.9M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSDT
HSDT
XOS
XOS
Q4 25
$7.3M
$14.0M
Q3 25
$124.1M
$14.1M
Q2 25
$6.1M
$8.8M
Q1 25
$1.1M
$4.8M
Q4 24
$1.1M
$11.0M
Q3 24
$3.5M
$8.4M
Q2 24
$6.4M
$19.7M
Q1 24
$3.6M
$46.2M
Stockholders' Equity
HSDT
HSDT
XOS
XOS
Q4 25
$300.9M
$23.3M
Q3 25
$-152.4M
$31.1M
Q2 25
$6.0M
$18.3M
Q1 25
$1.3M
$24.8M
Q4 24
$1.1M
$33.6M
Q3 24
$3.8M
$50.8M
Q2 24
$6.3M
$59.2M
Q1 24
$2.0M
$67.8M
Total Assets
HSDT
HSDT
XOS
XOS
Q4 25
$303.9M
$60.4M
Q3 25
$475.9M
$73.8M
Q2 25
$7.9M
$80.3M
Q1 25
$3.5M
$87.7M
Q4 24
$3.5M
$98.3M
Q3 24
$5.6M
$120.5M
Q2 24
$8.8M
$123.4M
Q1 24
$5.8M
$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
HSDT
HSDT
XOS
XOS
Operating Cash FlowLast quarter
$-16.5M
$2.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-0.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSDT
HSDT
XOS
XOS
Q4 25
$-16.5M
$2.4M
Q3 25
$-4.0M
$3.1M
Q2 25
$-2.8M
$4.6M
Q1 25
$-3.5M
$-4.8M
Q4 24
$-11.0M
$3.3M
Q3 24
$-2.8M
$-11.5M
Q2 24
$-2.9M
$-26.0M
Q1 24
$-3.0M
$-14.6M
Free Cash Flow
HSDT
HSDT
XOS
XOS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-11.0M
Q3 24
$-11.7M
Q2 24
$-26.1M
Q1 24
$-3.0M
$-14.6M
FCF Margin
HSDT
HSDT
XOS
XOS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-5970.8%
Q3 24
-73.9%
Q2 24
-168.1%
Q1 24
-2226.7%
-115.7%
Capex Intensity
HSDT
HSDT
XOS
XOS
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
2.7%
0.0%
Q3 24
0.0%
0.9%
Q2 24
0.0%
0.8%
Q1 24
3.7%
0.2%
Cash Conversion
HSDT
HSDT
XOS
XOS
Q4 25
-0.05×
Q3 25
1.45×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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