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

Zedge, Inc. is the larger business by last-quarter revenue ($7.6M vs $5.2M, roughly 1.5× Xos, Inc.). Zedge, Inc. runs the higher net margin — 10.4% vs -186.8%, a 197.2% gap on every dollar of revenue. On growth, Zedge, Inc. posted the faster year-over-year revenue change (5.8% vs -54.5%). Over the past eight quarters, Zedge, Inc.'s revenue compounded faster (-1.0% CAGR vs -35.7%).

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

Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.

XOS vs ZDGE — Head-to-Head

Bigger by revenue
ZDGE
ZDGE
1.5× larger
ZDGE
$7.6M
$5.2M
XOS
Growing faster (revenue YoY)
ZDGE
ZDGE
+60.3% gap
ZDGE
5.8%
-54.5%
XOS
Higher net margin
ZDGE
ZDGE
197.2% more per $
ZDGE
10.4%
-186.8%
XOS
Faster 2-yr revenue CAGR
ZDGE
ZDGE
Annualised
ZDGE
-1.0%
-35.7%
XOS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
XOS
XOS
ZDGE
ZDGE
Revenue
$5.2M
$7.6M
Net Profit
$-9.8M
$788.0K
Gross Margin
-50.5%
Operating Margin
-186.6%
12.0%
Net Margin
-186.8%
10.4%
Revenue YoY
-54.5%
5.8%
Net Profit YoY
48.6%
332.4%
EPS (diluted)
$-0.76
$0.06

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
ZDGE
ZDGE
Q4 25
$5.2M
$7.6M
Q3 25
$16.5M
$7.5M
Q2 25
$18.4M
$7.8M
Q1 25
$5.9M
$7.0M
Q4 24
$11.5M
$7.2M
Q3 24
$15.8M
$7.6M
Q2 24
$15.5M
$7.7M
Q1 24
$12.6M
$7.8M
Net Profit
XOS
XOS
ZDGE
ZDGE
Q4 25
$-9.8M
$788.0K
Q3 25
$2.1M
$-559.0K
Q2 25
$-7.5M
$185.0K
Q1 25
$-10.2M
$-1.7M
Q4 24
$-19.0M
$-339.0K
Q3 24
$-10.5M
$-39.0K
Q2 24
$-9.7M
$113.0K
Q1 24
$-11.0M
$-9.2M
Gross Margin
XOS
XOS
ZDGE
ZDGE
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
XOS
XOS
ZDGE
ZDGE
Q4 25
-186.6%
12.0%
Q3 25
-42.4%
-9.6%
Q2 25
-38.5%
2.1%
Q1 25
-157.7%
-31.8%
Q4 24
-127.0%
-6.4%
Q3 24
-61.4%
-0.8%
Q2 24
-73.2%
-1.7%
Q1 24
-81.1%
-153.5%
Net Margin
XOS
XOS
ZDGE
ZDGE
Q4 25
-186.8%
10.4%
Q3 25
12.9%
-7.5%
Q2 25
-40.8%
2.4%
Q1 25
-173.3%
-24.1%
Q4 24
-165.4%
-4.7%
Q3 24
-66.6%
-0.5%
Q2 24
-62.2%
1.5%
Q1 24
-87.1%
-118.8%
EPS (diluted)
XOS
XOS
ZDGE
ZDGE
Q4 25
$-0.76
$0.06
Q3 25
$0.22
$-0.04
Q2 25
$-0.91
$0.01
Q1 25
$-1.26
$-0.12
Q4 24
$-2.34
$-0.02
Q3 24
$-1.32
$0.00
Q2 24
$-1.23
$0.01
Q1 24
$-1.80
$-0.66

Balance Sheet & Financial Strength

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

Metric
XOS
XOS
ZDGE
ZDGE
Cash + ST InvestmentsLiquidity on hand
$14.0M
$18.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.3M
$25.9M
Total Assets
$60.4M
$36.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
XOS
XOS
ZDGE
ZDGE
Q4 25
$14.0M
$18.5M
Q3 25
$14.1M
$18.6M
Q2 25
$8.8M
$20.4M
Q1 25
$4.8M
$20.1M
Q4 24
$11.0M
$20.2M
Q3 24
$8.4M
$20.0M
Q2 24
$19.7M
$19.9M
Q1 24
$46.2M
$18.1M
Stockholders' Equity
XOS
XOS
ZDGE
ZDGE
Q4 25
$23.3M
$25.9M
Q3 25
$31.1M
$25.9M
Q2 25
$18.3M
$28.6M
Q1 25
$24.8M
$28.2M
Q4 24
$33.6M
$30.1M
Q3 24
$50.8M
$30.9M
Q2 24
$59.2M
$30.9M
Q1 24
$67.8M
$30.7M
Total Assets
XOS
XOS
ZDGE
ZDGE
Q4 25
$60.4M
$36.0M
Q3 25
$73.8M
$35.7M
Q2 25
$80.3M
$37.8M
Q1 25
$87.7M
$37.1M
Q4 24
$98.3M
$38.2M
Q3 24
$120.5M
$38.2M
Q2 24
$123.4M
$38.1M
Q1 24
$135.0M
$37.1M

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
ZDGE
ZDGE
Operating Cash FlowLast quarter
$2.4M
$825.0K
Free Cash FlowOCF − Capex
$808.0K
FCF MarginFCF / Revenue
10.6%
Capex IntensityCapex / Revenue
0.0%
0.2%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$3.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
XOS
XOS
ZDGE
ZDGE
Q4 25
$2.4M
$825.0K
Q3 25
$3.1M
$674.0K
Q2 25
$4.6M
$870.0K
Q1 25
$-4.8M
$708.0K
Q4 24
$3.3M
$1.2M
Q3 24
$-11.5M
$695.0K
Q2 24
$-26.0M
$2.3M
Q1 24
$-14.6M
$1.6M
Free Cash Flow
XOS
XOS
ZDGE
ZDGE
Q4 25
$808.0K
Q3 25
$640.0K
Q2 25
$851.0K
Q1 25
$689.0K
Q4 24
$1.2M
Q3 24
$-11.7M
$683.0K
Q2 24
$-26.1M
$2.3M
Q1 24
$-14.6M
$1.6M
FCF Margin
XOS
XOS
ZDGE
ZDGE
Q4 25
10.6%
Q3 25
8.6%
Q2 25
11.0%
Q1 25
9.9%
Q4 24
16.1%
Q3 24
-73.9%
9.0%
Q2 24
-168.1%
30.4%
Q1 24
-115.7%
20.0%
Capex Intensity
XOS
XOS
ZDGE
ZDGE
Q4 25
0.0%
0.2%
Q3 25
0.0%
0.5%
Q2 25
0.0%
0.2%
Q1 25
0.0%
0.3%
Q4 24
0.0%
0.2%
Q3 24
0.9%
0.2%
Q2 24
0.8%
0.2%
Q1 24
0.2%
0.0%
Cash Conversion
XOS
XOS
ZDGE
ZDGE
Q4 25
1.05×
Q3 25
1.45×
Q2 25
4.70×
Q1 25
Q4 24
Q3 24
Q2 24
20.73×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

XOS
XOS

Segment breakdown not available.

ZDGE
ZDGE

Zedge Marketplace$7.1M94%
Other$468.0K6%

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