NASDAQ : XOS
Xos, Inc. — Financial statements
Industrials · Farm & Heavy Construction Machinery · United States
Last price 2.72 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 38.67M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Xos, Inc. (XOS) reported revenue of 37.69M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 37.69M | 45.99M | 55.96M | 44.52M | 36.38M | 5.05M |
| Cost of Revenue | 32.89M | 43.27M | 52.00M | 45.81M | 66.41M | 7.41M |
| Gross Profit | 4.79M | 2.72M | 3.96M | -1.29M | -30.03M | -2.36M |
| Selling, General & Admin | 26.25M | 27.81M | 37.21M | 44.09M | 50.64M | 30.72M |
| Research & Development | 7.91M | 8.00M | 10.63M | 19.59M | 30.68M | 20.08M |
| Operating Expenses | 34.16M | 35.81M | 47.84M | 63.67M | 81.32M | 50.79M |
| Operating Income | -29.36M | -33.08M | -43.87M | -64.97M | -111.35M | -53.16M |
| Interest Expense | -1.98M | -2.18M | -2.26M | -9.52M | -4.53M | -52.00K |
| Other Non Operating Income (Expenses) | 2.80M | 877.00K | 2.18M | -1.77M | 14.02M | 18.21M |
| EBT Excluding Unusual Items | -28.54M | -34.39M | -43.96M | -76.25M | -101.85M | -35.00M |
| Merger & Restructuring Charges | -2.00M | |||||
| Gain (Loss) on Sale of Investments | -91.00K | -147.00K | ||||
| Asset Writedown | -800.00K | -800.00K | -4.20M | |||
| Other Unusual Items | 9.89M | 9.89M | 39.00K | 519.00K | 28.68M | 58.40M |
| Pretax Income | -19.45M | -25.30M | -50.12M | -75.82M | -73.32M | 23.40M |
| Income Tax Expense | 30.00K | 23.00K | 37.00K | 21.00K | 8.00K | 2.00K |
| Net Income | -19.48M | -25.32M | -50.16M | -75.84M | -73.33M | 23.40M |
| Net Income to Common | -19.48M | -25.32M | -50.16M | -75.84M | -73.33M | 23.40M |
| Shares Outstanding (Basic) | 11.31M | 9.36M | 7.50M | 5.79M | 5.51M | 3.52M |
| Shares Outstanding (Diluted) | 11.31M | 9.36M | 7.50M | 5.79M | 5.81M | 3.59M |
| EPS (Basic) | -1.72 | -2.71 | -6.69 | -13.11 | -13.31 | 6.65 |
| EPS (Diluted) | -1.73 | -2.71 | -6.69 | -13.38 | -13.32 | 6.60 |
| Free Cash Flow | 1.16M | 5.37M | -49.10M | -40.67M | -142.07M | -93.81M |
| Free Cash Flow Per Share | 0.10 | 0.57 | -6.55 | -7.03 | -24.45 | -26.11 |
| Gross Margin | 12.72% | 5.92% | 7.08% | -2.90% | -82.55% | -46.79% |
| Operating Margin | -77.92% | -71.93% | -78.40% | -145.91% | -306.10% | -1,052.99% |
| Profit Margin | -51.69% | -55.05% | -89.63% | -170.35% | -201.58% | 463.57% |
| Free Cash Flow Margin | 3.09% | 11.67% | -87.74% | -91.35% | -390.57% | -1,858.36% |
| EBITDA | -27.17M | -30.90M | -40.53M | -61.65M | -109.28M | -52.42M |
| EBITDA Margin | -72.09% | -67.19% | -72.43% | -138.47% | ||
| D&A For EBITDA | 2.20M | 2.18M | 3.34M | 3.31M | 2.06M | 736.00K |
| EBIT | -29.36M | -33.08M | -43.87M | -64.97M | -111.35M | -53.16M |
| EBIT Margin | -77.92% | -71.93% | -78.40% | -145.91% | ||
| Effective Tax Rate | 0.01% | |||||
| Advertising Expenses | 42.00K | 200.00K | 300.00K | 1.30M | 400.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 13.23M | 14.04M | 11.00M | 11.64M | 35.63M | 16.14M |
| Short-Term Investments | 50.65M | 97.48M | ||||
| Cash & Short-Term Investments | 13.23M | 14.04M | 11.00M | 11.64M | 86.28M | 113.62M |
| Receivables | 4.70M | 6.55M | 29.23M | 17.46M | 8.53M | 3.35M |
| Inventory | 23.73M | 25.43M | 37.29M | 39.59M | 59.91M | 38.19M |
| Prepaid Expenses | 2.98M | 3.26M | 4.13M | 2.60M | 3.59M | 5.92M |
| Restricted Cash | 3.04M | 3.03M | ||||
| Other Current Assets | 323.00K | 599.00K | 651.00K | 408.00K | 1.85M | 1.85M |
| Total Current Assets | 44.97M | 49.88M | 82.30M | 71.69M | 163.20M | 165.96M |
| Property, Plant & Equipment | 5.30M | 5.85M | 9.30M | 19.65M | 25.14M | 7.43M |
| Long-Term Investments | 54.82M | |||||
| Long-Term Accounts Receivable | 56.00K | 55.00K | 545.00K | 107.00K | ||
| Other Long-Term Assets | 4.12M | 4.58M | 6.18M | 2.23M | 1.60M | 506.00K |
| Total Assets | 54.45M | 60.36M | 98.33M | 93.68M | 189.94M | 228.71M |
| Accounts Payable | 1.38M | 2.47M | 8.93M | 2.76M | 2.90M | 10.12M |
| Accrued Expenses | 9.31M | 9.51M | 9.75M | 7.43M | 7.59M | 4.30M |
| Short-Term Debt | 670.00K | 958.00K | 1.28M | 1.00M | 2.06M | |
| Current Portion of Long-Term Debt | 7.50M | 6.50M | 20.35M | 350.00K | 27.15M | 482.00K |
| Current Portion of Leases | 1.39M | 2.13M | 4.08M | 3.67M | 3.65M | |
| Current Unearned Revenue | 235.00K | 260.00K | 690.00K | 193.00K | ||
| Other Current Liabilities | 2.00M | 2.09M | 2.02M | 3.67M | 2.23M | 1.08M |
| Total Current Liabilities | 22.48M | 23.66M | 46.67M | 19.57M | 45.77M | 15.98M |
| Long-Term Debt | 8.00M | 12.00M | 224.00K | 20.51M | 20.81M | 1.59M |
| Long-Term Leases | 651.00K | 387.00K | 17.07M | 4.98M | 9.27M | |
| Other Long-Term Liabilities | 114.00K | 1.03M | 756.00K | 3.42M | 2.01M | 36.74M |
| Total Liabilities | 31.59M | 37.08M | 64.72M | 48.49M | 77.86M | 54.31M |
| Common Stock | 2.00K | 1.00K | 1.00K | 1.00K | 1.00K | 16.00K |
| Additional Paid-In Capital | 262.73M | 252.03M | 237.03M | 198.46M | 190.23M | 178.85M |
| Retained Earnings | -239.88M | -228.74M | -203.42M | -153.26M | -77.42M | -4.09M |
| Comprehensive Income & Other | -739.00K | -381.00K | ||||
| Total Common Equity | 22.86M | 23.29M | 33.61M | 45.20M | 112.08M | 174.39M |
| Shareholders' Equity | 22.86M | 23.29M | 33.61M | 45.20M | 112.08M | 174.39M |
| Total Liabilities & Equity | 54.45M | 60.36M | 98.33M | 93.68M | 189.94M | 228.71M |
| Total Debt | 18.21M | 21.97M | 43.01M | 30.52M | 62.95M | 2.08M |
| Net Cash (Debt) | -4.98M | -7.93M | -32.01M | -18.88M | 23.33M | 166.36M |
| Net Cash Per Share | -0.44 | -0.85 | -4.27 | -3.26 | 4.01 | 46.30 |
| Filing Date Shares Outstanding | 14.22M | 11.98M | 8.10M | 7.75M | 5.63M | 5.44M |
| Total Common Shares Outstanding | 14.15M | 11.40M | 8.05M | 5.94M | 5.63M | 5.44M |
| Working Capital | 22.49M | 26.22M | 35.63M | 52.12M | 117.44M | 149.97M |
| Book Value Per Share | 1.62 | 2.04 | 4.18 | 7.61 | 19.92 | 32.07 |
| Tangible Book Value | 22.86M | 23.29M | 33.61M | 45.20M | 112.08M | 174.39M |
| Tangible Book Value Per Share | 1.62 | 2.04 | 4.18 | 7.61 | 19.92 | 32.07 |
| Machinery | 12.02M | 12.15M | 11.42M | 12.99M | 12.02M | 4.07M |
| Construction In Progress | 292.00K | 346.00K | 826.00K | |||
| Leasehold Improvements | 1.40M | 1.40M | 1.40M | 1.40M | 1.40M | 626.00K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -19.48M | -25.32M | -50.16M | -75.84M | -73.33M | 23.40M |
| Depreciation & Amortization | 3.91M | 3.84M | 5.14M | 4.88M | 3.63M | 736.00K |
| Other Amortization | 6.00K | 30.00K | 50.00K | 6.20M | 2.58M | |
| Asset Writedown & Restructuring Costs | 224.00K | 564.00K | 4.82M | 1.59M | ||
| Loss (Gain) From Sale of Investments | 91.00K | 147.00K | -1.00K | |||
| Stock-Based Compensation | 8.42M | 7.41M | 7.71M | 7.91M | 5.22M | 1.66M |
| Provision & Write-off of Bad Debts | -72.00K | 2.00K | 962.00K | 78.00K | ||
| Other Operating Activities | -5.90M | -6.69M | 5.31M | 1.34M | -34.50M | -75.15M |
| Change in Accounts Receivable | 13.68M | 20.83M | -12.69M | -6.98M | -4.94M | -2.97M |
| Change in Inventory | 5.36M | 10.89M | -1.56M | 22.05M | -31.29M | -29.97M |
| Change in Accounts Payable | -3.54M | -6.46M | 5.41M | -133.00K | -7.27M | 9.01M |
| Change in Other Net Operating Assets | -1.39M | 258.00K | -13.79M | -465.00K | 11.78M | -15.60M |
| Operating Cash Flow | 1.20M | 5.37M | -48.80M | -39.29M | -127.96M | -88.89M |
| Capital Expenditures | -38.00K | -304.00K | -1.39M | -14.11M | -4.92M | |
| Sale of Property, Plant & Equipment | 411.00K | 61.00K | 125.00K | 1.29M | ||
| Cash Acquisitions | 51.35M | |||||
| Investment in Securities | 50.72M | 96.82M | -150.23M | |||
| Investing Cash Flow | 373.00K | 61.00K | 51.18M | 50.63M | 82.71M | -155.14M |
| Short-Term Debt Issued | 2.61M | 3.11M | 3.77M | 3.63M | ||
| Long-Term Debt Issued | 60.61M | |||||
| Total Debt Issued | 1.94M | 2.61M | 3.11M | 3.77M | 64.24M | |
| Short-Term Debt Repaid | -2.90M | -2.83M | -4.83M | -1.56M | ||
| Long-Term Debt Repaid | -3.47M | -2.35M | -35.83M | -1.39M | -444.00K | |
| Total Debt Repaid | -7.73M | -6.37M | -5.18M | -40.66M | -2.95M | -444.00K |
| Net Debt Issued (Repaid) | -5.79M | -3.76M | -2.07M | -36.89M | 61.28M | -444.00K |
| Issuance of Common Stock | 10.04M | 2.40M | 57.00K | 1.21M | 4.32M | 196.01M |
| Repurchase of Common Stock | -1.37M | -1.02M | -1.01M | -1.06M | -449.00K | -335.00K |
| Other Financing Activities | -1.64M | -403.00K | 20.72M | |||
| Financing Cash Flow | 2.88M | -2.38M | -3.02M | -38.38M | 64.75M | 252.85M |
| Net Cash Flow | 4.45M | 3.04M | -644.00K | -27.04M | 19.50M | 8.82M |
| Free Cash Flow | 1.16M | 5.37M | -49.10M | -40.67M | -142.07M | -93.81M |
| Free Cash Flow Margin | 3.09% | 11.67% | -87.74% | -91.35% | -390.57% | -1,858.36% |
| Free Cash Flow Per Share | 0.10 | 0.57 | -6.55 | -7.03 | -24.45 | -26.11 |
| Levered Free Cash Flow | 12.64M | 17.82M | -21.08M | -10.44M | -102.29M | -84.69M |
| Unlevered Free Cash Flow | 13.88M | 19.15M | -19.72M | -10.69M | -102.04M | -84.66M |
| Cash Interest Paid | 1.52M | |||||
| Cash Income Tax Paid | 45.00K | 51.00K | 17.00K | |||
| Change in Working Capital | 14.10M | 25.53M | -22.64M | 14.47M | -31.71M | -39.54M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 38.39M | 20.51M | 26.02M | 47.32M | 74.42M | 513.15M |
| Enterprise Value | 43.37M | 32.41M | 62.87M | 64.88M | 38.64M | 302.70M |
| Last Close Price | 2.70 | 1.81 | 3.24 | 7.98 | 13.29 | 94.50 |
| PE Ratio | 21.93 | |||||
| PS Ratio | 1.02 | 0.45 | 0.47 | 1.06 | 2.05 | 101.65 |
| PB Ratio | 1.67 | 0.88 | 0.77 | 1.05 | 0.66 | 2.94 |
| P/TBV Ratio | 1.68 | 0.88 | 0.77 | 1.05 | 0.66 | 2.94 |
| P/FCF Ratio | 33.01 | 3.82 | ||||
| P/OCF Ratio | 31.96 | 3.82 | ||||
| EV/Sales Ratio | 1.15 | 0.70 | 1.12 | 1.46 | 1.06 | 59.97 |
| EV/FCF Ratio | 37.29 | 6.04 | ||||
| Debt / Equity Ratio | 0.80 | 0.94 | 1.28 | 0.68 | 0.56 | 0.01 |
| Debt / FCF Ratio | 15.66 | 4.10 | ||||
| Net Debt / Equity Ratio | 0.22 | 0.34 | 0.95 | 0.42 | -0.21 | -0.95 |
| Net Debt / EBITDA Ratio | -0.18 | -0.26 | -0.79 | -0.31 | 0.21 | 3.17 |
| Net Debt / FCF Ratio | 4.28 | 1.48 | -0.65 | -0.46 | 0.16 | 1.77 |
| Asset Turnover | 0.56 | 0.58 | 0.58 | 0.31 | 0.17 | 0.04 |
| Inventory Turnover | 1.16 | 1.38 | 1.35 | 0.92 | 1.35 | 0.37 |
| Quick Ratio | 0.80 | 0.87 | 0.86 | 1.49 | 2.07 | 7.32 |
| Current Ratio | 2.00 | 2.11 | 1.76 | 3.66 | 3.57 | 10.38 |
| Return on Equity (ROE) | -94.60% | -89.00% | -127.30% | -96.45% | -51.19% | 30.18% |
| Return on Assets (ROA) | -27.23% | -26.06% | -28.56% | -28.63% | -33.25% | -27.40% |
| Return on Invested Capital (ROIC) | -103.09% | -68.32% | -67.66% | -85.02% | -146.90% | -243.37% |
| Return on Capital Employed (ROCE) | -91.80% | -90.10% | -84.90% | -87.70% | -77.20% | -25.00% |
| Earnings Yield | -63.97% | -123.42% | -192.81% | -160.29% | -98.53% | 4.56% |
| FCF Yield | 3.03% | 26.15% | -188.73% | -85.95% | -190.90% | -18.28% |
| Buyback Yield / Dilution | -39.68% | -24.80% | -29.60% | 0.43% | -61.77% | -49.65% |