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Side-by-side financial comparison of Xos, Inc. (XOS) and Zhibao Technology Inc. (ZBAO). 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× Zhibao Technology Inc.). Zhibao Technology Inc. runs the higher net margin — -2.1% vs -186.8%, a 184.7% gap on every dollar of revenue. On growth, Xos, Inc. posted the faster year-over-year revenue change (-54.5% vs -79.7%).

XOS vs ZBAO — Head-to-Head

Bigger by revenue
XOS
XOS
1.3× larger
XOS
$5.2M
$4.1M
ZBAO
Growing faster (revenue YoY)
XOS
XOS
+25.2% gap
XOS
-54.5%
-79.7%
ZBAO
Higher net margin
ZBAO
ZBAO
184.7% more per $
ZBAO
-2.1%
-186.8%
XOS

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
XOS
XOS
ZBAO
ZBAO
Revenue
$5.2M
$4.1M
Net Profit
$-9.8M
$-85.5K
Gross Margin
-50.5%
34.8%
Operating Margin
-186.6%
2.2%
Net Margin
-186.8%
-2.1%
Revenue YoY
-54.5%
-79.7%
Net Profit YoY
48.6%
3.2%
EPS (diluted)
$-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
XOS
XOS
ZBAO
ZBAO
Q4 25
$5.2M
$4.1M
Q3 25
$16.5M
Q2 25
$18.4M
Q1 25
$5.9M
Q4 24
$11.5M
$20.1M
Q3 24
$15.8M
Q2 24
$15.5M
Q1 24
$12.6M
Net Profit
XOS
XOS
ZBAO
ZBAO
Q4 25
$-9.8M
$-85.5K
Q3 25
$2.1M
Q2 25
$-7.5M
Q1 25
$-10.2M
Q4 24
$-19.0M
$-88.3K
Q3 24
$-10.5M
Q2 24
$-9.7M
Q1 24
$-11.0M
Gross Margin
XOS
XOS
ZBAO
ZBAO
Q4 25
-50.5%
34.8%
Q3 25
15.3%
Q2 25
8.8%
Q1 25
20.6%
Q4 24
-32.4%
29.1%
Q3 24
18.1%
Q2 24
13.1%
Q1 24
22.1%
Operating Margin
XOS
XOS
ZBAO
ZBAO
Q4 25
-186.6%
2.2%
Q3 25
-42.4%
Q2 25
-38.5%
Q1 25
-157.7%
Q4 24
-127.0%
2.6%
Q3 24
-61.4%
Q2 24
-73.2%
Q1 24
-81.1%
Net Margin
XOS
XOS
ZBAO
ZBAO
Q4 25
-186.8%
-2.1%
Q3 25
12.9%
Q2 25
-40.8%
Q1 25
-173.3%
Q4 24
-165.4%
-0.4%
Q3 24
-66.6%
Q2 24
-62.2%
Q1 24
-87.1%
EPS (diluted)
XOS
XOS
ZBAO
ZBAO
Q4 25
$-0.76
Q3 25
$0.22
Q2 25
$-0.91
Q1 25
$-1.26
Q4 24
$-2.34
$0.00
Q3 24
$-1.32
Q2 24
$-1.23
Q1 24
$-1.80

Balance Sheet & Financial Strength

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

Metric
XOS
XOS
ZBAO
ZBAO
Cash + ST InvestmentsLiquidity on hand
$14.0M
$3.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.3M
$6.8M
Total Assets
$60.4M
$39.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
XOS
XOS
ZBAO
ZBAO
Q4 25
$14.0M
$3.8M
Q3 25
$14.1M
Q2 25
$8.8M
Q1 25
$4.8M
Q4 24
$11.0M
$3.9M
Q3 24
$8.4M
Q2 24
$19.7M
Q1 24
$46.2M
Stockholders' Equity
XOS
XOS
ZBAO
ZBAO
Q4 25
$23.3M
$6.8M
Q3 25
$31.1M
Q2 25
$18.3M
Q1 25
$24.8M
Q4 24
$33.6M
$10.0M
Q3 24
$50.8M
Q2 24
$59.2M
Q1 24
$67.8M
Total Assets
XOS
XOS
ZBAO
ZBAO
Q4 25
$60.4M
$39.1M
Q3 25
$73.8M
Q2 25
$80.3M
Q1 25
$87.7M
Q4 24
$98.3M
$43.2M
Q3 24
$120.5M
Q2 24
$123.4M
Q1 24
$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
XOS
XOS
ZBAO
ZBAO
Operating Cash FlowLast quarter
$2.4M
$-241.5K
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
XOS
XOS
ZBAO
ZBAO
Q4 25
$2.4M
$-241.5K
Q3 25
$3.1M
Q2 25
$4.6M
Q1 25
$-4.8M
Q4 24
$3.3M
$10.2M
Q3 24
$-11.5M
Q2 24
$-26.0M
Q1 24
$-14.6M
Free Cash Flow
XOS
XOS
ZBAO
ZBAO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-11.7M
Q2 24
$-26.1M
Q1 24
$-14.6M
FCF Margin
XOS
XOS
ZBAO
ZBAO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-73.9%
Q2 24
-168.1%
Q1 24
-115.7%
Capex Intensity
XOS
XOS
ZBAO
ZBAO
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
XOS
XOS
ZBAO
ZBAO
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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