Xos, Inc. Warrants (XOSWW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XOSWW SEC filings page.
Xos, Inc. Warrants (XOSWW) reported $37.7M in revenue over the twelve months to Jun 30, 2026, down 26.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The business has improved gross economics and reduced spending, but remains operationally loss-making while 2025 cash generation depended on limited reinvestment.
The shift from a negative gross margin of-2.9% in FY2023 to5.9% in FY2025 indicates the core offering began covering direct costs, but the business still has a large operating-cost burden. SG&A plus R&D fell from$57.3M to$32.8M over the same span, so the narrower operating loss reflects cost reduction alongside better unit economics, not simply revenue growth.
FY2025 revenue fell
Operating cash flow and free cash flow both turned positive at
Financial Health Signals
Xos, Inc. Warrants does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Xos, Inc. Warrants passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Xos, Inc. Warrants reported a net loss of $25 while generating $5.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Xos, Inc. Warrants generated $4.7M in revenue in Q2 2026. This represents a decrease of 74.2% from the same quarter a year earlier. Against the prior quarter it is down 57.8%.
Xos, Inc. Warrants's EBITDA was -$7.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Xos, Inc. Warrants reported a net loss of $6.9M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Xos, Inc. Warrants earned -$0.55 per diluted share (EPS) in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Xos, Inc. Warrants recorded an outflow of $2.7M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 158.3% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Xos, Inc. Warrants held $13.2M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
Xos, Inc. Warrants's gross margin was 12.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 3.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 26.5 percentage points.
Xos, Inc. Warrants's quarterly ROE was -30.2% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 9.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.2 percentage points.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Xos, Inc. Warrants invested $1.9M in research and development in Q2 2026. This represents a decrease of 9.0% from the same quarter a year earlier. Against the prior quarter it is down 6.5%.
Xos, Inc. Warrants invested $19K in capex in Q2 2026, funding long-term assets and infrastructure. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. It is unchanged from the prior quarter.
Not reported for Q2 2026.
XOSWW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.7M-74.2% | $11.2M+90.9% | $5.2M-54.5% | $16.5M+4.5% | $18.4M+18.4% | $5.9M-55.3% | $11.5M-37.6% | $15.8M-5.4% |
| Cost of Revenue | $4.2M-75.1% | $6.9M+47.6% | $7.9M-48.2% | $14.0M+8.1% | $16.8M+24.1% | $4.7M-55.0% | $15.2M-10.9% | $12.9M-12.1% |
| Gross Profit | $573K-65.0% | $4.3M+257.9% | -$2.7Mn/m | $2.5M-11.6% | $1.6M-19.4% | $1.2M-56.6% | -$3.7M-380.1% | $2.9M+44.3% |
| R&D Expenses | $1.9M-9.0% | $2.0M+5.2% | $1.9M-2.8% | $2.1M-19.8% | $2.1M-30.4% | $1.9M-37.2% | $1.9M-53.3% | $2.6M-42.0% |
| SG&A Expenses | $5.8M-1.5% | $6.1M-23.2% | $4.5M-43.6% | $6.5M-27.4% | $5.9M-35.6% | $7.9M-11.9% | $8.1M+4.1% | $8.9M+4.1% |
| Operating Income | -$7.9Mn/m | -$4.7Mn/m | -$9.8Mn/m | -$7.0Mn/m | -$7.1Mn/m | -$9.3Mn/m | -$14.6Mn/m | -$9.7Mn/m |
| EBITDA | -$7.4Mn/m | -$4.1Mn/m | -$9.1Mn/m | -$6.5Mn/m | -$6.5Mn/m | -$8.8Mn/m | -$12.9Mn/m | -$8.9Mn/m |
| Income Tax | $27K+107.7% | $5K-58.3% | $0-100.0% | -$2K-150.0% | $13K+225.0% | $12K+140.0% | $24K+71.4% | $4K+33.3% |
| Net Income | -$6.9Mn/m | -$4.9Mn/m | $15.5M-50.2% | $2.1Mn/m | -$7.5Mn/m | -$10.2Mn/m | $31.2Mn/m | -$10.5Mn/m |
| EPS (Basic) | -$0.55 | -$0.43n/m | -$0.92n/m | $0.22n/m | -$0.90n/m | -$1.26n/m | -$2.43n/m | -$1.32 |
| EPS (Diluted) | -$0.55 | -$0.43n/m | -$0.92n/m | $0.22n/m | -$0.90n/m | -$1.26n/m | -$2.43n/m | -$1.32 |
| Diluted Shares (Avg) | 13M | 12M+43.3% | N/A | 10M+22.2% | 8M+5.4% | 8M+32.2% | N/A | 8M |
Not reported in any period shown, so not listed: Interest Expense.
XOSWW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $54.4M-32.2% | $54.4M-37.9% | $60.4M-38.6% | $73.8M-38.8% | $80.3M-34.9% | $87.7M-35.0% | $98.3M+5.0% | $120.5M+5.5% |
| Current Assets | $45.0M-32.5% | $45.3M-38.1% | $49.9M-39.4% | $62.5M-35.9% | $66.6M-33.4% | $73.1M-35.2% | $82.3M+14.8% | $97.6M+6.7% |
| Cash & Equivalents | $13.2M+50.7% | $9.8M+107.0% | $14.0M+27.7% | $14.1M+66.8% | $8.8M-55.3% | $4.8M-89.7% | $11.0M-5.5% | $8.4M-62.6% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $23.5M-24.1% | $23.7M-37.7% | $25.0M-31.7% | $25.2M-40.5% | $31.0M-25.0% | $38.0M+3.8% | $36.6M-3.4% | $42.4M-13.3% |
| Accounts Receivable | $4.5M-75.2% | $7.4M-66.7% | $6.0M-77.6% | $15.4M-57.8% | $18.1M-39.2% | $22.2M+9.3% | $26.9M+77.7% | $36.4M+220.1% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $31.6M-49.1% | $34.6M-44.9% | $36.4M-43.8% | $42.8M-38.6% | $62.0M-3.4% | $62.9M-6.4% | $64.7M+33.5% | $69.7M+23.0% |
| Current Liabilities | $22.5M-25.2% | $23.9M-47.3% | $23.0M-50.8% | $26.0M-48.3% | $30.1M+50.0% | $45.4M+103.4% | $46.7M+138.4% | $50.2M+84.7% |
| Non-Current Liabilities | $9.1M-71.5% | $10.7M-38.9% | $13.4M-25.7% | $16.8M-13.8% | $32.0M-27.6% | $17.5M-61.0% | $18.1M-37.6% | $19.5M-33.9% |
| Total Equity | $22.9M+21.1% | $20.5M-19.1% | $24.0M-29.8% | $31.1M-38.9% | $18.9M-68.1% | $25.3M-62.6% | $34.1M-24.5% | $50.8M-11.7% |
| Retained Earnings | -$239.9Mn/m | -$233.7Mn/m | -$228.1Mn/m | -$219.0Mn/m | -$221.1Mn/m | -$213.6Mn/m | -$203.4Mn/m | -$184.4Mn/m |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
XOSWW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.7M-157.8% | -$1.6Mn/m | $2.4M-26.2% | $3.1Mn/m | $4.6Mn/m | -$4.8Mn/m | $3.3Mn/m | -$11.5Mn/m |
| Depreciation & Amortization | $500K-16.7% | $600K+20.0% | $600K-14.3% | $500K-37.5% | $600K-33.3% | $500K-44.4% | $700Kn/m | $800K-57.9% |
| Stock-Based Compensation | $2.0M+26.3% | $2.1M+39.1% | N/A | $2.1M-5.4% | $1.6M-3.7% | $1.5M-24.1% | N/A | $2.2M+0.2% |
| Capital Expenditures | $19Kn/m | $19Kn/m | $0n/m | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $148K-22.1% |
| Free Cash Flow | -$2.7M-158.3% | -$1.6Mn/m | $2.4M-26.2% | $3.1Mn/m | $4.6Mn/m | -$4.8Mn/m | $3.3Mn/m | -$11.7Mn/m |
| Investing Cash Flow | $0n/m | $312Kn/m | $18Kn/m | $43Kn/m | $0n/m | $0-100.0% | $0n/m | -$23K-100.2% |
| Financing Cash Flow | $6.1Mn/m | -$2.9Mn/m | -$2.4Mn/m | $2.2M+5302.5% | -$618Kn/m | -$1.5Mn/m | -$1.5Mn/m | $40Kn/m |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
XOSWW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K/A | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.1%+3.2pp | 38.6%+18.0pp | -50.9%-18.5pp | 15.3%-2.8pp | 8.9%-4.2pp | 20.6%-0.6pp | -32.4%-39.6pp | 18.1%+6.3pp |
| Operating Margin | -167.7% | -41.7% | -186.9% | -42.4%+19.0pp | -38.4%+34.8pp | -157.7% | -127.0% | -61.4%+14.2pp |
| Net Margin | -145.4% | -43.8% | 297.4% | 12.9%+79.4pp | -40.7%+21.5pp | -172.8% | 271.7% | -66.6%+17.9pp |
| Return on Equity | -30.2%+9.5pp | -24.0%+16.1pp | 64.8%-26.6pp | 6.8%+27.5pp | -39.6%-23.3pp | -40.1%-23.9pp | 91.4%+122.0pp | -20.7%+3.8pp |
| Return on Assets | -12.7%-3.3pp | -9.0%+2.6pp | 25.7%-6.0pp | 2.9%+11.6pp | -9.3%-1.5pp | -11.6%-3.4pp | 31.7%+46.5pp | -8.7%+3.6pp |
| Current Ratio | 2.00-0.2x | 1.89+0.3x | 2.17+0.4x | 2.41+0.5x | 2.22-2.8x | 1.61-3.4x | 1.76-1.9x | 1.94-1.4x |
| Liabilities-to-Equity | 1.38-1.9x | 1.69-0.8x | 1.52-0.4x | 1.380.0x | 3.28+2.2x | 2.48+1.5x | 1.90+0.8x | 1.37+0.4x |
| Asset Turnover | 0.09-0.1x | 0.21+0.1x | 0.090.0x | 0.22+0.1x | 0.23+0.1x | 0.070.0x | 0.12-0.1x | 0.130.0x |
| FCF Margin | -57.1%-82.3pp | -14.3%+66.6pp | 46.6%+17.9pp | 18.6%+92.5pp | 25.3% | -80.9% | 28.7%+33.4pp | -73.9%-21.2pp |
Not reported in any period shown, so not listed: Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Where Xos, Inc. Warrants Ranks
Frequently Asked Questions
What is Xos, Inc. Warrants's annual revenue?
Xos, Inc. Warrants (XOSWW) reported $46.0M in total revenue for fiscal year 2025. This represents a -17.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Xos, Inc. Warrants's revenue growing?
Xos, Inc. Warrants (XOSWW) revenue declined by 17.8% year-over-year, from $56.0M to $46.0M in fiscal year 2025.
Is Xos, Inc. Warrants profitable?
Yes, Xos, Inc. Warrants (XOSWW) reported a net income of $5.8M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $25, with a net profit margin of 0.0%.
What is Xos, Inc. Warrants's EBITDA?
Xos, Inc. Warrants (XOSWW) had EBITDA of -$30.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Xos, Inc. Warrants's gross margin?
Xos, Inc. Warrants (XOSWW) had a gross margin of 5.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Xos, Inc. Warrants's operating margin?
Xos, Inc. Warrants (XOSWW) had an operating margin of -71.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Xos, Inc. Warrants's net profit margin?
Xos, Inc. Warrants (XOSWW) had a net profit margin of 0.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Xos, Inc. Warrants's return on equity (ROE)?
Xos, Inc. Warrants (XOSWW) has a return on equity of 0.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Xos, Inc. Warrants's free cash flow?
Xos, Inc. Warrants (XOSWW) generated $5.4M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Xos, Inc. Warrants's operating cash flow?
Xos, Inc. Warrants (XOSWW) generated $5.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Xos, Inc. Warrants's total assets?
Xos, Inc. Warrants (XOSWW) had $60.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Xos, Inc. Warrants's capital expenditures?
Xos, Inc. Warrants (XOSWW) reported no capital expenditure during fiscal year 2025.
How much does Xos, Inc. Warrants spend on research and development?
Xos, Inc. Warrants (XOSWW) invested $8.0M in research and development during fiscal year 2025.
What is Xos, Inc. Warrants's current ratio?
Xos, Inc. Warrants (XOSWW) had a current ratio of 2.17 as of fiscal year 2025, which is generally considered healthy.
What is Xos, Inc. Warrants's liabilities-to-equity ratio?
Xos, Inc. Warrants (XOSWW) had a liabilities-to-equity ratio of 1.52 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is Xos, Inc. Warrants's return on assets (ROA)?
Xos, Inc. Warrants (XOSWW) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Xos, Inc. Warrants's Piotroski F-Score?
Xos, Inc. Warrants (XOSWW) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Xos, Inc. Warrants's earnings high quality?
Xos, Inc. Warrants (XOSWW) reported a net loss of $25 while generating $5.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.