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Xos
(NASDAQ:XOS)
Xos (XOS) vs. SPDR S&P 500 ETF (SPY)
Xos Business Overview & Revenue Model
Xos Earnings Call Summary
Xos Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.54M | 55.96M | 44.52M | 36.38M | 5.05M | 2.64M |
| Gross Profit | 1.98M | 3.96M | -1.29M | -30.03M | -2.36M | 300.00K |
| EBITDA | -42.45M | -40.73M | -60.09M | -107.72M | -52.42M | -11.58M |
| Net Income | -47.18M | -50.16M | -75.84M | -73.33M | 23.40M | -16.67M |
Balance Sheet | ||||||
| Total Assets | 80.35M | 98.33M | 93.68M | 189.94M | 228.71M | 13.77M |
| Cash, Cash Equivalents and Short-Term Investments | 8.79M | 11.00M | 11.64M | 86.28M | 110.84M | 10.36M |
| Total Debt | 15.50M | 43.01M | 30.52M | 62.95M | 2.08M | 18.70M |
| Total Liabilities | 62.02M | 64.72M | 48.49M | 77.86M | 54.31M | 40.97M |
| Stockholders Equity | 18.33M | 33.61M | 45.20M | 112.08M | 174.39M | -27.20M |
Cash Flow | ||||||
| Free Cash Flow | -12.00M | -49.10M | -40.67M | -142.07M | -93.81M | -12.74M |
| Operating Cash Flow | -11.85M | -48.80M | -39.29M | -127.96M | -88.89M | -12.34M |
| Investing Cash Flow | -23.00K | 51.18M | 50.63M | 82.71M | -155.14M | -407.00K |
| Financing Cash Flow | -3.55M | -3.02M | -38.38M | 64.75M | 252.85M | 23.09M |
Xos Technical Analysis
Xos Risk Analysis
Xos Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $7.80B | 12.17 | 15.42% | 1.59% | -2.28% | -0.53% | |
| ― | $3.10B | 20.87 | 9.45% | 1.21% | -0.35% | -63.44% | |
| ― | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
| ― | $365.94M | 8.21 | 7.05% | ― | -1.96% | 423.46% | |
| ― | $23.90M | ― | -121.68% | ― | -19.18% | 24.68% | |
| ― | $340.20M | ― | -23.48% | 3.96% | -25.02% | -171.64% |
Xos Corporate Events
Xos, Inc. recently held an earnings call that highlighted a robust performance, marked by record-breaking revenue and deliveries. Despite facing challenges such as declining gross margins and tariff impacts, the overall sentiment was one of positive progress and strategic growth.
On August 21, 2025, Xos, Inc. entered into a Lease Termination Agreement for its manufacturing facility in Mesa, Arizona, which was acquired through ElectraMeccanica Vehicles Corp. in March 2024. The agreement involves terminating the lease contingent on a new lessee, with Xos making payments totaling $2.7 million over 18 months and paying $1.3 million in leasing commissions, while the landlord retains a $1.2 million security deposit. The termination is not expected to impact Xos’s operations as they will continue using other facilities. Additionally, on August 8, 2025, Xos amended a Note Purchase Agreement with Aljomaih Automotive Company, converting $6.0 million of accrued interest into 1,803,262 shares of common stock, issued on August 25, 2025, under exemptions from the Securities Act of 1933.
The most recent analyst rating on (XOS) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Xos stock, see the XOS Stock Forecast page.
On August 18, 2025, Xos, Inc. expanded its board of directors by appointing John F. Smith as a Class I director, increasing the board size from eight to nine members. Smith, a former Group Vice President at General Motors with extensive experience in strategy and governance, will also join the Audit Committee. His appointment is expected to bolster Xos’s efforts in scaling production and expanding market reach, particularly in medium-duty applications and flexible charging solutions. This strategic move underscores Xos’s commitment to enhancing its operational capabilities and strengthening its market position.
The most recent analyst rating on (XOS) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Xos stock, see the XOS Stock Forecast page.
On August 8, 2025, Xos, Inc. and Aljomaih Automotive Co. amended their Note Purchase Agreement and Convertible Promissory Note, imposing a limit on the issuance of common stock as interest payments. The agreement, effective August 14, 2025, restricts the issuance of shares to 1,737,247, representing 19.99% of Xos’s outstanding shares as of August 8, 2025, with excess interest payable by August 11, 2026, or upon shareholder approval.
The most recent analyst rating on (XOS) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Xos stock, see the XOS Stock Forecast page.
On August 14, 2025, Xos, Inc. entered into a Sales Agreement with Roth Capital Partners, LLC to offer and sell up to $20 million in common stock, with an initial cap of $5,367,542. The proceeds from this offering will be used for working capital, debt servicing, and general corporate purposes, potentially impacting the company’s financial flexibility and market operations.
The most recent analyst rating on (XOS) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Xos stock, see the XOS Stock Forecast page.
Xos, Inc. is a technology company specializing in electric commercial vehicles and fleet services, focusing on battery-electric solutions for medium- and heavy-duty vehicles. In the second quarter of 2025, Xos achieved significant milestones, including record revenue and unit deliveries, alongside the lowest operating loss since becoming a public company. The company delivered 135 units, generating $18.4 million in revenue, a notable increase from the previous year. Despite a decrease in gross margins due to product mix and inventory adjustments, Xos managed to reduce operating expenses by 35% year-over-year, achieving positive net cash from operating activities. Xos’s strategic initiatives, such as leveraging a global supplier network to mitigate tariff impacts and expanding its offerings beyond vehicle sales, are positioning the company for continued growth. The management remains optimistic about maintaining its revenue and unit delivery outlook for 2025, despite revising its non-GAAP operating loss expectations due to anticipated cost increases. Xos is committed to navigating industry challenges while building a foundation for sustained growth and profitability.
In a significant leadership transition effective July 1, 2025, Dietmar Ostermann assumed the role of lead independent director of Xos, Inc.’s board, while Liana Pogosyan was appointed as the Chief Financial Officer and Treasurer on August 10, 2025. Xos reported a record-breaking second quarter in 2025, achieving its highest revenue and deliveries, along with a positive net cash flow, despite challenges in the electric vehicle industry. The company delivered 135 units, generating $18.4 million in revenue, and reduced operating expenses by $4.7 million year-over-year, marking a pivotal moment in its operational efficiency and growth strategy.
The most recent analyst rating on (XOS) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Xos stock, see the XOS Stock Forecast page.