Xos, Inc. XOS
Xos, Inc., together with its wholly owned subsidiaries (collectively, the "Company" or "Xos"), aims to be the industrial accelerant for the modern energy era, transforming dated power infrastructures into easy-to-deploy solutions for today's rapidly changing needs. Xos offers a portfolio of power options, from flexible to fixed to fleet solutions. The Company's flagship technology replaces years of grid construction and the logistical headaches of diesel generators with a scalable platform to increase efficiency and decrease expense, whether supporting temporary needs or long-term installations. This patented technology powers large-scale loads by consolidating power delivery, rapid charging, and smart energy management into one system, scalable to meet nearly any operational need. Xos produces three complementary primary product lines, Xos Energy Solutions™, which includes the Xos Hub™ mobile charging and energy storage platform, Xos Vehicles, which includes the Company's Class 5 and Class 6 medium-duty electric commercial vehicles, and the Powered by Xos™ powertrain business. The Company also offers Xosphere™, its fleet management software platform.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $46.0M | $56.0M | $44.5M | $36.4M | $5.0M | $2.6M | — |
| Cost of revenue | $43.3M | $52.0M | $45.8M | $66.4M | $7.4M | $2.3M | — |
| Gross profit | $2.7M | $4.0M | -$1.3M | -$30.0M | -$2.4M | $300.0K | — |
| R&D | $8.0M | $10.6M | $19.6M | $30.7M | $20.1M | $7.0M | — |
| SG&A | $24.8M | $35.1M | $37.7M | $41.1M | $27.2M | $3.6M | — |
| Total operating expenses | $35.8M | $49.8M | $63.7M | $81.3M | $50.8M | $12.2M | — |
| Operating income | -$33.1M | -$45.9M | -$65.0M | -$111.3M | -$53.2M | -$11.9M | — |
| Pre-tax income | -$25.3M | -$50.1M | -$75.8M | -$73.3M | $23.4M | -$16.7M | — |
| Income tax | $23.0K | $37.0K | $21.0K | $8.0K | $2.0K | $0 | — |
| Net income | -$25 | -$50 | -$75.8M | -$73.3M | $23.4M | -$16.7M | — |
| EPS, basic | -2.71 | -6.69 | -13.11 | -13.31 | 0.22 | -0.23 | — |
| EPS, diluted | -2.71 | -6.69 | -13.11 | -13.32 | 0.22 | -0.23 | — |
| Shares, diluted (wtd. avg.) | 9.4M | 7.5M | 5.8M | 5.8M | 107.8M | 72.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $14.0M | $11.0M | $11.6M | $38.7M | $19.2M | $10.4M | $19.0K |
| Short-term investments | — | — | $0 | $50.6M | $94.7M | $0 | — |
| Receivables | $6.0M | $26.9M | $15.1M | $8.2M | $3.4M | $408.0K | — |
| Inventory | $25.0M | $36.6M | $37.8M | $57.5M | $30.9M | $1.9M | — |
| Total current assets | $49.9M | $82.3M | $71.7M | $163.2M | $166.0M | $12.7M | — |
| Property, plant and equipment | — | — | — | — | $7.4M | $1.1M | — |
| Total assets | $60.4M | $98.3M | $93.7M | $189.9M | $228.7M | $13.8M | — |
| Accounts payable | $2.5M | $8.9M | $2.8M | $2.9M | $10.1M | $1.2M | — |
| Short-term debt | $958.0K | $1.3M | $1.0M | $2.1M | $0 | — | — |
| Total current liabilities | $23.7M | $46.7M | $19.6M | $45.8M | $16.0M | $32.9M | — |
| Total liabilities | $37.1M | $64.7M | $48.5M | $77.9M | $54.3M | $33.1M | — |
| Retained earnings | -$228.7M | -$203.4M | -$153.3M | -$77.4M | -$4.1M | -$27.5M | — |
| Total equity | $23.3M | $33.6M | $45.2M | $112.1M | $174.4M | -$27.2M | -$10.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.4M | -$48.8M | -$39.3M | -$128.0M | -$88.9M | -$12.3M | — |
| Depreciation and amortisation | $2.2M | $3.3M | $3.3M | $2.1M | $700.0K | $296.0K | — |
| Stock-based compensation | $7.4M | $7.7M | $7.9M | $5.2M | $1.7M | $12.0K | — |
| Capital expenditure | $0 | $304.0K | $1.4M | $14.1M | $4.9M | $407.0K | — |
| Investing cash flow | $61.0K | $51.2M | $50.6M | $82.7M | -$155.1M | -$407.0K | — |
| Financing cash flow | -$2.4M | -$3.0M | -$38.4M | $64.7M | $252.9M | $23.1M | — |
| Buybacks | — | — | — | — | $0 | $3.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001819493-26-000025.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $2.6M | $5.0M | $36.4M | $44.5M | $56.0M | $46.0M |
| Gross profit | — | $300.0K | -$2.4M | -$30.0M | -$1.3M | $4.0M | $2.7M |
| Net income | — | -$16.7M | $23.4M | -$73.3M | -$75.8M | -$50 | -$25 |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Material agreement signed Item 1.01
- Material agreement signed Item 1.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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