Xos Inc (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 (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).
Cash conversion improved through working-capital release, while cost cuts narrowed losses without restoring operating profitability.
Inventory fell31.7% and receivables fell77.6% in FY2025, indicating that the business released cash from assets rather than generating it through profitable growth. That working-capital release coincided with operating cash flow of$5.4M despite operating income of-$33.1M , making the cash improvement weaker evidence of earnings quality.
Expense restraint was the main source of operating improvement: SG&A fell
The balance sheet contracted sharply, with total assets down
Financial Health Signals
Xos Inc 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 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 efficiency signals pass.
Xos Inc 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 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's EBITDA was -$7.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 15.2% from the same quarter a year earlier. Against the prior quarter it is down 82.7%.
Xos Inc reported -$6.9M in net income in Q2 2026. This represents an increase of 7.9% from the same quarter a year earlier. Against the prior quarter it is down 40.2%.
Xos Inc earned -$0.55 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 27.9%.
Cash & Balance Sheet
Xos Inc 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. Against the prior quarter it is down 68.4%.
Xos Inc held $13.2M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Xos Inc'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's ROE was -30.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. 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 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 invested $19K in capex in Q2 2026, funding long-term assets and infrastructure. 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 | 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% | -$2.7M+28.6% | $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 | -$7.9M-12.5% | -$4.7M+49.5% | -$9.8M+33.0% | -$7.0M+27.8% | -$7.1M+37.9% | -$9.3M+9.5% | -$14.6M-23.2% | -$9.7M+23.2% |
| EBITDA | -$7.4M-15.2% | -$4.1M+53.5% | -$9.1M+29.9% | -$6.5M+27.0% | -$6.5M+38.3% | -$8.8M+6.1% | -$12.9M-23.7% | -$8.9M+17.1% |
| 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 | -$6.9M+7.9% | -$4.9M+51.6% | $15.5M-50.2% | $2.1M+120.2% | -$7.5M+22.5% | -$10.2M+7.7% | $31.2M+325.5% | -$10.5M+25.5% |
| EPS (Basic) | -$0.55+38.9% | -$0.43+65.9% | -$0.92+62.1% | $0.22+116.7% | -$0.90+26.8% | -$1.26+30.0% | -$2.43-5.7% | -$1.32+45.0% |
| EPS (Diluted) | -$0.55 | -$0.43+65.9% | -$0.92+62.1% | $0.22+116.7% | -$0.90+26.8% | -$1.26+30.0% | -$2.43-5.7% | -$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 | 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | -$239.9M-8.5% | -$233.7M-9.4% | -$228.1M-12.1% | -$219.0M-18.7% | -$221.1M-27.1% | -$213.6M-30.0% | -$203.4M-32.7% | -$184.4M-32.3% |
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 | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.7M-157.8% | -$1.6M+66.6% | $2.4M-26.2% | $3.1M+126.7% | $4.6M+117.9% | -$4.8M+67.4% | $3.3M+622.7% | -$11.5M-33.7% |
| Depreciation & Amortization | $500K-16.7% | $600K+20.0% | $600K-14.3% | $500K-37.5% | $600K-33.3% | $500K-44.4% | $700K | $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 | $19K | $19K | $0 | $0-100.0% | $0-100.0% | $0-100.0% | $0-100.0% | $148K-22.1% |
| Free Cash Flow | -$2.7M-158.3% | -$1.6M+66.2% | $2.4M-26.2% | $3.1M+126.4% | $4.6M+117.8% | -$4.8M+67.5% | $3.3M+487.1% | -$11.7M-32.5% |
| Investing Cash Flow | $0 | $312K | $18K | $43K+287.0% | $0+100.0% | $0-100.0% | $0+100.0% | -$23K-100.2% |
| Financing Cash Flow | $6.1M+1082.7% | -$2.9M-96.7% | -$2.4M-64.2% | $2.2M+5302.5% | -$618K-27.7% | -$1.5M-35.6% | -$1.5M+86.3% | $40K+100.4% |
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 | 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 |
| Debt-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 |
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 Ranks
Frequently Asked Questions
What is Xos Inc's annual revenue?
Xos Inc (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's revenue growing?
Xos Inc (XOSWW) revenue declined by 17.8% year-over-year, from $56.0M to $46.0M in fiscal year 2025.
Is Xos Inc profitable?
No, Xos Inc (XOSWW) reported a net income of -$25 in fiscal year 2025, with a net profit margin of 0.0%.
What is Xos Inc's EBITDA?
Xos Inc (XOSWW) had EBITDA of -$30.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Xos Inc's gross margin?
Xos Inc (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's operating margin?
Xos Inc (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's net profit margin?
Xos Inc (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's return on equity (ROE)?
Xos Inc (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's free cash flow?
Xos Inc (XOSWW) generated $5.4M in free cash flow during fiscal year 2025. This represents a 111.0% change compared to the previous fiscal year. 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's operating cash flow?
Xos Inc (XOSWW) generated $5.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Xos Inc's total assets?
Xos Inc (XOSWW) had $60.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Xos Inc's capital expenditures?
Xos Inc (XOSWW) reported no capital expenditure during fiscal year 2025.
How much does Xos Inc spend on research and development?
Xos Inc (XOSWW) invested $8.0M in research and development during fiscal year 2025.
What is Xos Inc's current ratio?
Xos Inc (XOSWW) had a current ratio of 2.17 as of fiscal year 2025, which is generally considered healthy.
What is Xos Inc's debt-to-equity ratio?
Xos Inc (XOSWW) had a debt-to-equity ratio of 1.52 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Xos Inc's return on assets (ROA)?
Xos Inc (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's Piotroski F-Score?
Xos Inc (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's earnings high quality?
Xos Inc (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.