Xos (XOS) AI Stock Analysis

• Market Cap: $25.10M
• Dividend Yield: N/A
• Average Volume (3M): 19.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: -8.13%
• EPS Growth: 42.18%
• Country: US
• Employees: 109
• Sector: Industrials
• Sector Strength: 87
• Industry: Agricultural - Machinery
• EPS (TTM): -1.26
• Shares Outstanding: 8,311,692
• 10 Day Avg. Volume: 14,519
• 30 Day Avg. Volume: 19,688
• PEG Ratio: <0.01
• Price to Book (P/B): 0.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.51
• Enterprise Value/Market Cap: 29.23
• Enterprise Value/Revenue: 3.17
• Enterprise Value/Gross Profit: 307.22
• Enterprise Value/Ebitda: -4.46
• 1Y Price Target: $6.00
• Price Target Upside: 98.68% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 45 Neutral
• Price Target: $3.00 ▼(-0.66%Downside)

Xos faces a challenging environment with ongoing operational losses, negative cash flow, and bearish technical indicators. While there are positive steps towards growth and innovation, profitability and cash flow remain pressing concerns.

Xos Business Overview & Revenue Model

Company Description

Xos, Inc. (XOS) is a technology company specializing in the development and manufacturing of fully electric commercial vehicles, primarily for the medium- and heavy-duty transportation sectors. The company's core products include electric trucks, powertrains, and fleet management software designed to offer sustainable and cost-effective solutions for companies seeking to reduce their carbon footprint and operating expenses.

How the Company Makes Money

Xos makes money primarily through the sale and leasing of electric commercial vehicles, including trucks and associated components such as powertrains. The company also generates revenue from offering fleet management software solutions that help clients optimize vehicle performance and efficiency. Additionally, Xos may engage in strategic partnerships with logistics and fleet companies to expand its market reach and enhance its product offerings. Revenue is further supported by maintenance services, parts replacement, and potential government incentives for adopting green technologies.

Xos Financial Statement Overview

Summary

Xos has demonstrated impressive revenue growth but is struggling with profitability. The balance sheet shows moderate leverage and a stable equity position, yet the company faces challenges with negative cash flows and operational losses.

Income Statement

Xos has shown significant revenue growth over recent years, with a notable increase from $4.5 million in 2023 to $55.9 million in 2024, indicating a robust growth trajectory. However, the company continues to operate at a loss, with both EBIT and EBITDA margins being negative. The net profit margin remains deeply in the red at -89.6% for 2024, reflecting ongoing challenges in achieving profitability.

Balance Sheet

Xos's balance sheet shows a stable equity position with stockholders' equity at $33.6 million in 2024, compared to total liabilities of $64.7 million. The company has a favorable debt position with total debt at zero, but the return on equity is negative due to net losses. The equity ratio stands at 34.2%, suggesting moderate leverage.

Cash Flow

The cash flow statement reveals negative free cash flow, with significant operating cash outflows of -$48.8 million in 2024. The free cash flow to net income ratio is concerning as it is negative, indicating challenges in generating cash relative to accounting profits. However, investing and financing activities have provided cash inflows, partially offsetting operating cash outflows.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	48.68M	55.96M	44.52M	36.38M	5.05M	2.64M
Gross Profit	2.39M	3.96M	-1.29M	-30.03M	-2.36M	300.00K
EBITDA	-41.49M	-40.73M	-60.09M	-107.72M	-52.42M	-11.58M
Net Income	-49.34M	-50.16M	-75.84M	-73.33M	23.40M	-18.18M
Balance Sheet
Total Assets	87.68M	98.33M	93.68M	189.94M	228.71M	13.77M
Cash, Cash Equivalents and Short-Term Investments	4.76M	11.00M	11.64M	86.28M	110.84M	10.36M
Total Debt	0.00	43.01M	30.52M	46.72M	2.08M	18.70M
Total Liabilities	62.87M	64.72M	48.49M	77.86M	54.31M	40.97M
Stockholders Equity	24.81M	33.61M	45.20M	112.08M	174.39M	-27.20M
Cash Flow
Free Cash Flow	-39.24M	-49.10M	-40.67M	-142.07M	-93.81M	-12.74M
Operating Cash Flow	-38.96M	-48.80M	-39.29M	-127.96M	-88.89M	-12.34M
Investing Cash Flow	-149.00K	51.18M	50.63M	82.71M	-155.14M	-407.00K
Financing Cash Flow	-3.41M	-3.02M	-38.38M	64.75M	252.85M	23.09M

Xos Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XOS, the sentiment is Negative. The current price of 3.02 is below the 20-day moving average (MA) of 3.13, below the 50-day MA of 3.45, and below the 200-day MA of 3.82, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 37.49 is Neutral, neither overbought nor oversold. The STOCH value of 14.56 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for XOS.

Xos Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MTW	73 Outperform	$435.25M	9.74	7.21%	―	-2.75%	65.38%
SHYF	68 Neutral	$442.52M	979.84	0.18%	1.58%	-4.08%	―
TWI	66 Neutral	$664.43M	―	-2.65%	―	5.64%	-124.05%
Sector *	65 Neutral	$10.56B	15.49	5.57%	1.96%	2.71%	-26.28%
WNC	47 Neutral	$450.52M	―	-15.01%	2.97%	-25.44%	-135.47%
XOS	45 Neutral	$25.10M	―	-106.56%	―	-8.13%	42.18%

Xos Corporate Events

Xos Fleet Updates Executive Employment Agreements

On June 26, 2025, Xos Fleet, Inc., a subsidiary of Xos, Inc., entered into new Executive Employment Agreements with its CEO Dakota Semler and COO Giordano Sordoni, replacing previous agreements from 2016. These agreements maintain similar employment terms but include specific severance benefits in case of termination without cause or other defined circumstances. Additionally, Xos, Inc. held its 2025 annual stockholders meeting on June 24, 2025, where stockholders elected two directors, ratified the appointment of Grant Thornton LLP as auditors, and approved an amendment to increase shares under the 2021 Equity Incentive Plan.

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.