Xos, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $46.0M | $56.0M | $44.5M | $36.4M | $5.0M |
| Cost of revenue | $43.3M | $52.0M | $45.8M | $66.4M | $7.4M |
| Gross profit | $2.7M | $4.0M | -$1.3M | -$30.0M | -$2.4M |
| Research and development | $8.0M | $10.6M | $19.6M | $30.7M | $20.1M |
| Operating expenses | $35.8M | $49.8M | $63.7M | $81.3M | $50.8M |
| Operating income | -$33.1M | -$45.9M | -$65.0M | -$111.3M | -$53.2M |
| Pretax income | -$25.3M | -$50.1M | -$75.8M | -$73.3M | $23.4M |
| Income tax expense | $23,000 | $37,000 | $21,000 | $8,000 | $2,000 |
| Net income | -$25.3M | -$50.2M | -$75.8M | -$73.3M | $23.4M |
| Balance Sheet | |||||
| Cash and equivalents | $14.0M | $11.0M | $11.6M | $35.6M | $16.1M |
| Current assets | $49.9M | $82.3M | $71.7M | $163.2M | $166.0M |
| Total assets | $60.4M | $98.3M | $93.7M | $189.9M | $228.7M |
| Current liabilities | $23.7M | $46.7M | $19.6M | $45.8M | $16.0M |
| Total liabilities | $37.1M | $64.7M | $48.5M | $77.9M | $54.3M |
| Stockholders' equity | $23.3M | $33.6M | $45.2M | $112.1M | $174.4M |
| Cash Flow Statement | |||||
| Cash from operations | $5.4M | -$48.8M | -$39.3M | -$128.0M | -$88.9M |
| Depreciation and amortization | $2.2M | $3.3M | $3.3M | $2.1M | $700,000 |
| Stock-based compensation | $7.4M | $7.7M | $7.9M | $5.2M | $1.7M |
| Capital expenditure | $0 | $304,000 | $1.4M | $14.1M | $4.9M |
| Free cash flow | $5.4M | -$49.1M | -$40.7M | -$142.1M | -$93.8M |
| Share repurchases | — | — | — | — | $0 |
| Impairments | $800,000 | $4.2M | $0 | — | $0 |
Shares outstanding 12.1M · Free float 12.7%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.