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Side-by-side financial comparison of Belpointe PREP, LLC (OZ) 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 $3.1M, roughly 1.7× Belpointe PREP, LLC). Xos, Inc. runs the higher net margin — -186.8% vs -380.8%, a 194.0% gap on every dollar of revenue. On growth, Belpointe PREP, LLC posted the faster year-over-year revenue change (180.1% vs -54.5%). Over the past eight quarters, Belpointe PREP, LLC's revenue compounded faster (201.5% CAGR vs -35.7%).

OZ vs XOS — Head-to-Head

Bigger by revenue
XOS
XOS
1.7× larger
XOS
$5.2M
$3.1M
OZ
Growing faster (revenue YoY)
OZ
OZ
+234.6% gap
OZ
180.1%
-54.5%
XOS
Higher net margin
XOS
XOS
194.0% more per $
XOS
-186.8%
-380.8%
OZ
Faster 2-yr revenue CAGR
OZ
OZ
Annualised
OZ
201.5%
-35.7%
XOS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OZ
OZ
XOS
XOS
Revenue
$3.1M
$5.2M
Net Profit
$-11.7M
$-9.8M
Gross Margin
-50.5%
Operating Margin
-186.6%
Net Margin
-380.8%
-186.8%
Revenue YoY
180.1%
-54.5%
Net Profit YoY
-41.8%
48.6%
EPS (diluted)
$-3.10
$-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
OZ
OZ
XOS
XOS
Q4 25
$3.1M
$5.2M
Q3 25
$2.4M
$16.5M
Q2 25
$2.0M
$18.4M
Q1 25
$1.7M
$5.9M
Q4 24
$1.1M
$11.5M
Q3 24
$860.0K
$15.8M
Q2 24
$384.0K
$15.5M
Q1 24
$337.0K
$12.6M
Net Profit
OZ
OZ
XOS
XOS
Q4 25
$-11.7M
$-9.8M
Q3 25
$-12.1M
$2.1M
Q2 25
$-7.6M
$-7.5M
Q1 25
$-8.6M
$-10.2M
Q4 24
$-8.2M
$-19.0M
Q3 24
$-6.9M
$-10.5M
Q2 24
$-4.7M
$-9.7M
Q1 24
$-4.0M
$-11.0M
Gross Margin
OZ
OZ
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
OZ
OZ
XOS
XOS
Q4 25
-186.6%
Q3 25
-42.4%
Q2 25
-38.5%
Q1 25
-157.7%
Q4 24
-127.0%
Q3 24
-61.4%
Q2 24
-73.2%
Q1 24
-81.1%
Net Margin
OZ
OZ
XOS
XOS
Q4 25
-380.8%
-186.8%
Q3 25
-509.3%
12.9%
Q2 25
-381.0%
-40.8%
Q1 25
-495.6%
-173.3%
Q4 24
-752.0%
-165.4%
Q3 24
-805.6%
-66.6%
Q2 24
-1229.2%
-62.2%
Q1 24
-1181.3%
-87.1%
EPS (diluted)
OZ
OZ
XOS
XOS
Q4 25
$-3.10
$-0.76
Q3 25
$-3.21
$0.22
Q2 25
$-2.06
$-0.91
Q1 25
$-2.35
$-1.26
Q4 24
$-2.26
$-2.34
Q3 24
$-1.90
$-1.32
Q2 24
$-1.30
$-1.23
Q1 24
$-1.10
$-1.80

Balance Sheet & Financial Strength

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

Metric
OZ
OZ
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$24.3M
$14.0M
Total DebtLower is stronger
$260.6M
Stockholders' EquityBook value
$23.3M
Total Assets
$564.2M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OZ
OZ
XOS
XOS
Q4 25
$24.3M
$14.0M
Q3 25
$29.6M
$14.1M
Q2 25
$25.0M
$8.8M
Q1 25
$23.0M
$4.8M
Q4 24
$24.7M
$11.0M
Q3 24
$24.0M
$8.4M
Q2 24
$24.7M
$19.7M
Q1 24
$29.2M
$46.2M
Total Debt
OZ
OZ
XOS
XOS
Q4 25
$260.6M
Q3 25
$251.4M
Q2 25
$228.4M
Q1 25
$203.3M
Q4 24
$177.0M
Q3 24
$144.1M
Q2 24
$119.9M
Q1 24
$86.9M
Stockholders' Equity
OZ
OZ
XOS
XOS
Q4 25
$23.3M
Q3 25
$31.1M
Q2 25
$18.3M
Q1 25
$24.8M
Q4 24
$33.6M
Q3 24
$50.8M
Q2 24
$59.2M
Q1 24
$67.8M
Total Assets
OZ
OZ
XOS
XOS
Q4 25
$564.2M
$60.4M
Q3 25
$570.8M
$73.8M
Q2 25
$556.8M
$80.3M
Q1 25
$537.4M
$87.7M
Q4 24
$517.6M
$98.3M
Q3 24
$495.7M
$120.5M
Q2 24
$476.2M
$123.4M
Q1 24
$450.9M
$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
OZ
OZ
XOS
XOS
Operating Cash FlowLast quarter
$-25.2M
$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
OZ
OZ
XOS
XOS
Q4 25
$-25.2M
$2.4M
Q3 25
$-6.0M
$3.1M
Q2 25
$-2.4M
$4.6M
Q1 25
$-6.6M
$-4.8M
Q4 24
$-13.7M
$3.3M
Q3 24
$-3.3M
$-11.5M
Q2 24
$1.2M
$-26.0M
Q1 24
$-6.6M
$-14.6M
Free Cash Flow
OZ
OZ
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
OZ
OZ
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
OZ
OZ
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
OZ
OZ
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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