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

Navitas Semiconductor Corp is the larger business by last-quarter revenue ($7.3M vs $5.2M, roughly 1.4× Xos, Inc.). Xos, Inc. runs the higher net margin — -186.8% vs -436.1%, a 249.2% gap on every dollar of revenue. On growth, Xos, Inc. posted the faster year-over-year revenue change (-54.5% vs -59.4%). Over the past eight quarters, Xos, Inc.'s revenue compounded faster (-35.7% CAGR vs -43.9%).

Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.

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

NVTS vs XOS — Head-to-Head

Bigger by revenue
NVTS
NVTS
1.4× larger
NVTS
$7.3M
$5.2M
XOS
Growing faster (revenue YoY)
XOS
XOS
+4.9% gap
XOS
-54.5%
-59.4%
NVTS
Higher net margin
XOS
XOS
249.2% more per $
XOS
-186.8%
-436.1%
NVTS
Faster 2-yr revenue CAGR
XOS
XOS
Annualised
XOS
-35.7%
-43.9%
NVTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVTS
NVTS
XOS
XOS
Revenue
$7.3M
$5.2M
Net Profit
$-31.8M
$-9.8M
Gross Margin
38.1%
-50.5%
Operating Margin
-567.3%
-186.6%
Net Margin
-436.1%
-186.8%
Revenue YoY
-59.4%
-54.5%
Net Profit YoY
20.2%
48.6%
EPS (diluted)
$-0.14
$-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
NVTS
NVTS
XOS
XOS
Q4 25
$7.3M
$5.2M
Q3 25
$10.1M
$16.5M
Q2 25
$14.5M
$18.4M
Q1 25
$14.0M
$5.9M
Q4 24
$18.0M
$11.5M
Q3 24
$21.7M
$15.8M
Q2 24
$20.5M
$15.5M
Q1 24
$23.2M
$12.6M
Net Profit
NVTS
NVTS
XOS
XOS
Q4 25
$-31.8M
$-9.8M
Q3 25
$-19.2M
$2.1M
Q2 25
$-49.1M
$-7.5M
Q1 25
$-16.8M
$-10.2M
Q4 24
$-39.9M
$-19.0M
Q3 24
$-18.7M
$-10.5M
Q2 24
$-22.3M
$-9.7M
Q1 24
$-3.7M
$-11.0M
Gross Margin
NVTS
NVTS
XOS
XOS
Q4 25
38.1%
-50.5%
Q3 25
37.9%
15.3%
Q2 25
16.1%
8.8%
Q1 25
37.9%
20.6%
Q4 24
12.4%
-32.4%
Q3 24
39.7%
18.1%
Q2 24
39.0%
13.1%
Q1 24
41.1%
22.1%
Operating Margin
NVTS
NVTS
XOS
XOS
Q4 25
-567.3%
-186.6%
Q3 25
-192.0%
-42.4%
Q2 25
-149.4%
-38.5%
Q1 25
-180.5%
-157.7%
Q4 24
-216.9%
-127.0%
Q3 24
-133.6%
-61.4%
Q2 24
-152.1%
-73.2%
Q1 24
-136.2%
-81.1%
Net Margin
NVTS
NVTS
XOS
XOS
Q4 25
-436.1%
-186.8%
Q3 25
-190.2%
12.9%
Q2 25
-338.7%
-40.8%
Q1 25
-120.1%
-173.3%
Q4 24
-221.7%
-165.4%
Q3 24
-86.4%
-66.6%
Q2 24
-109.1%
-62.2%
Q1 24
-15.9%
-87.1%
EPS (diluted)
NVTS
NVTS
XOS
XOS
Q4 25
$-0.14
$-0.76
Q3 25
$-0.09
$0.22
Q2 25
$-0.25
$-0.91
Q1 25
$-0.09
$-1.26
Q4 24
$-0.22
$-2.34
Q3 24
$-0.10
$-1.32
Q2 24
$-0.12
$-1.23
Q1 24
$-0.02
$-1.80

Balance Sheet & Financial Strength

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

Metric
NVTS
NVTS
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$236.9M
$14.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$443.7M
$23.3M
Total Assets
$500.5M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVTS
NVTS
XOS
XOS
Q4 25
$236.9M
$14.0M
Q3 25
$150.6M
$14.1M
Q2 25
$161.2M
$8.8M
Q1 25
$75.1M
$4.8M
Q4 24
$86.7M
$11.0M
Q3 24
$98.3M
$8.4M
Q2 24
$111.7M
$19.7M
Q1 24
$128.9M
$46.2M
Stockholders' Equity
NVTS
NVTS
XOS
XOS
Q4 25
$443.7M
$23.3M
Q3 25
$371.0M
$31.1M
Q2 25
$388.9M
$18.3M
Q1 25
$341.8M
$24.8M
Q4 24
$348.0M
$33.6M
Q3 24
$380.8M
$50.8M
Q2 24
$388.1M
$59.2M
Q1 24
$397.9M
$67.8M
Total Assets
NVTS
NVTS
XOS
XOS
Q4 25
$500.5M
$60.4M
Q3 25
$430.2M
$73.8M
Q2 25
$449.4M
$80.3M
Q1 25
$370.8M
$87.7M
Q4 24
$390.0M
$98.3M
Q3 24
$419.4M
$120.5M
Q2 24
$439.1M
$123.4M
Q1 24
$467.9M
$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
NVTS
NVTS
XOS
XOS
Operating Cash FlowLast quarter
$-8.1M
$2.4M
Free Cash FlowOCF − Capex
$-8.2M
FCF MarginFCF / Revenue
-111.8%
Capex IntensityCapex / Revenue
0.7%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-44.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVTS
NVTS
XOS
XOS
Q4 25
$-8.1M
$2.4M
Q3 25
$-10.0M
$3.1M
Q2 25
$-11.2M
$4.6M
Q1 25
$-13.5M
$-4.8M
Q4 24
$-10.2M
$3.3M
Q3 24
$-13.7M
$-11.5M
Q2 24
$-15.1M
$-26.0M
Q1 24
$-19.8M
$-14.6M
Free Cash Flow
NVTS
NVTS
XOS
XOS
Q4 25
$-8.2M
Q3 25
$-10.7M
Q2 25
$-11.9M
Q1 25
$-13.6M
Q4 24
$-10.8M
Q3 24
$-14.3M
$-11.7M
Q2 24
$-17.9M
$-26.1M
Q1 24
$-22.7M
$-14.6M
FCF Margin
NVTS
NVTS
XOS
XOS
Q4 25
-111.8%
Q3 25
-106.1%
Q2 25
-82.2%
Q1 25
-96.8%
Q4 24
-59.8%
Q3 24
-65.9%
-73.9%
Q2 24
-87.3%
-168.1%
Q1 24
-97.9%
-115.7%
Capex Intensity
NVTS
NVTS
XOS
XOS
Q4 25
0.7%
0.0%
Q3 25
7.0%
0.0%
Q2 25
4.7%
0.0%
Q1 25
0.3%
0.0%
Q4 24
3.1%
0.0%
Q3 24
2.6%
0.9%
Q2 24
13.4%
0.8%
Q1 24
12.5%
0.2%
Cash Conversion
NVTS
NVTS
XOS
XOS
Q4 25
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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