Xos, Inc.(XOS)Earnings, Financials & Key Ratios

XOS•NASDAQ

$1.80

$14M mkt cap·Price updated May 6, 2026

SectorIndustrials IndustryAgricultural Machinery Sub-IndustrySpecialty Vehicles and Other/Misclassified

AboutXos, Inc., a mobility solutions company, manufactures and sells battery-electric commercial vehicles. It offers a range of services to facilitate the transition of fleets to electric vehicles, including charging infrastructure, vehicle maintenance, financing, and service. The company was founded in 2020 and is headquartered in Los Angeles, California.Show more

Revenue$56M+25.7%
EBITDA-$41M+32.2%
Net Income-$50M+33.9%
EPS (Diluted)-6.69+49.0%
Gross Margin7.09%+344.5%
EBITDA Margin-72.79%+46.1%
Operating Margin-81.97%+43.8%
Net Margin-89.63%+47.4%
ROE-127.3%-32.0%
ROIC-53.06%-10.8%
Debt/Equity1.28+89.5%
Interest Coverage-214.36-2902.7%

Technical→

XOS Key Insights

Xos, Inc. (XOS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong 5Y sales CAGR of 117.6%
✓Trading at only 0.4x book value

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 15 (bottom 15%)
✗Shares diluted 29.6% in last year
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

XOS Price & Volume

Xos, Inc. (XOS) stock price & volume — 10-year historical chart

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XOS Growth Metrics

Xos, Inc. (XOS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years117.6%

3 Years122.97%

TTM-16.89%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM23.23%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM35.48%

Return on Capital

10 Years-149.6%

5 Years-62.45%

3 Years-64.96%

Last Year-72.95%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
WKHSWorkhorse Group Inc.Direct Competitor	27.98M	3.18	-0.06	-49.47%	-6.07%	-198.1%	0.37
BLNKBlink Charging Co.Product Competitor	82.81M	0.72	-0.37	-11.16%	-118.72%	-131.92%	0.09
REEREE Automotive Ltd.Product Competitor	7.25M	0.46	-0.06	-88.62%	-483.57%	-262.15%	2.19
PLUGPlug Power Inc.Supply Chain	4.61B	3.32		12.9%	-229.83%	-124.41%	19.75
CHPTChargePoint Holdings, Inc.Supply Chain	137.2M	6.33	-0.67	-1.4%	-53.55%	-353.75%	12.75
EVGOEVgo, Inc.Supply Chain	658.52M	2.10	-6.77	49.55%	-12.14%	-13.29%	0.28
AMPYAmplify Energy Corp.Supply Chain	254.91M	6.26	6.08	-10.63%	16.7%	10.56%	0.01
RIVNRivian Automotive, Inc.Often Compared	18.06B	14.60	-4.76	8.39%	-63.62%	-69.6%	1.45

Compare XOS vs Peers

Xos, Inc. (XOS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WKHS

Most directly comparable listed peer for XOS.

Scale Benchmark

vs TSLA

Larger-name benchmark to compare XOS against a more recognizable public peer.

Peer Set

Compare Top 5

vs WKHS, BLNK, REE, PLUG

XOS Income Statement

Xos, Inc. (XOS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Sales/Revenue	308K	1.15M	2.64M	5.05M	36.38M	44.52M	55.96M	52.25M
Revenue Growth %	-	272.4%	130.25%	91.14%	620.6%	22.4%	25.69%	-16.89%
Cost of Goods Sold	92K	806K	2.34M	7.41M	66.41M	45.81M	52M	50.6M
COGS % of Revenue	29.87%	70.27%	88.64%	146.79%	182.55%	102.9%	92.91%	-
Gross Profit	216K▲ 0%	341K▲ 57.9%	300K▼ 12.0%	-2.36M▼ 887.3%	-30.03M▼ 1171.3%	-1.29M▲ 95.7%	3.96M▲ 407.4%	1.64M▲ 0%
Gross Margin %	70.13%	29.73%	11.36%	-46.79%	-82.55%	-2.9%	7.09%	3.15%
Gross Profit Growth %	-	57.87%	-12.02%	-887.33%	-1171.34%	95.7%	407.36%	-
Operating Expenses	3.81M	4.71M	12.17M	50.79M	81.32M	63.67M	49.84M	39.56M
OpEx % of Revenue	1237.99%	411.07%	460.89%	1006.2%	223.55%	143.02%	89.06%	-
Selling, General & Admin	2.15M	4.11M	5.16M	30.72M	50.64M	44.09M	39.21M	31.51M
SG&A % of Revenue	697.4%	358.67%	195.27%	608.48%	139.21%	99.02%	70.07%	-
Research & Development	1.54M	362K	7.01M	20.08M	30.68M	19.59M	10.63M	8.05M
R&D % of Revenue	501.3%	31.56%	265.62%	397.72%	84.34%	44%	18.99%	-
Other Operating Expenses	0	239K	0	0	0	0	0	0
Operating Income	-3.6M▲ 0%	-4.37M▼ 21.6%	-11.87M▼ 171.4%	-53.16M▼ 347.7%	-111.35M▼ 109.5%	-64.97M▲ 41.7%	-45.87M▲ 29.4%	-37.92M▲ 0%
Operating Margin %	-1167.86%	-381.34%	-449.53%	-1052.99%	-306.1%	-145.91%	-81.97%	-72.57%
Operating Income Growth %	-	-21.6%	-171.42%	-347.73%	-109.48%	41.66%	29.39%	-
EBITDA	-3.48M	-4.13M	-11.58M	-52.42M	-107.72M	-60.09M	-40.73M	-34.13M
EBITDA Margin %	-1128.57%	-360.51%	-438.32%	-1038.41%	-296.12%	-134.96%	-72.79%	-65.33%
EBITDA Growth %	-	-18.96%	-179.95%	-352.82%	-105.49%	44.22%	32.21%	12.78%
D&A (Non-Cash Add-back)	121K	239K	296K	736K	3.63M	4.88M	5.14M	3.79M
EBIT	-3.6M	-4.37M	-11.87M	-53.16M	-111.35M	-64.97M	-45.87M	-28.71M
Net Interest Income	0	559K	-3.29M	38K	-3.33M	-9.1M	-214K	-1.21M
Interest Income	351K	559K	0	38K	1.2M	0	0	286K
Interest Expense	0	0	3.29M	0	4.54M	9.1M	214K	1.5M
Other Income/Expense	-351K	-559K	-4.79M	76.56M	38.03M	-10.86M	-4.25M	3.41M
Pretax Income	-3.95M▲ 0%	-4.93M▼ 24.9%	-16.67M▼ 237.9%	23.4M▲ 240.4%	-73.32M▼ 413.3%	-75.82M▼ 3.4%	-50.12M▲ 33.9%	-34.5M▲ 0%
Pretax Margin %	-1281.82%	-430.08%	-631.09%	463.61%	-201.55%	-170.3%	-89.57%	-66.04%
Income Tax	0	0	0	2K	8K	21K	37K	47K
Effective Tax Rate %	0%	0%	0%	0.01%	-0.01%	-0.03%	-0.07%	-0.14%
Net Income	-3.95M▲ 0%	-4.93M▼ 24.9%	-16.67M▼ 237.9%	23.4M▲ 240.4%	-73.33M▼ 413.3%	-75.84M▼ 3.4%	-50.16M▲ 33.9%	-34.55M▲ 0%
Net Margin %	-1281.82%	-430.08%	-631.09%	463.57%	-201.58%	-170.35%	-89.63%	-66.13%
Net Income Growth %	-	-24.95%	-237.87%	240.4%	-413.34%	-3.43%	33.86%	23.23%
Net Income (Continuing)	-3.95M	-4.93M	-16.67M	23.4M	-73.33M	-75.84M	-50.16M	-34.55M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0
EPS (Diluted)	-5.02▲ 0%	-4.17▲ 16.9%	-6.94▼ 66.4%	6.60▲ 195.1%	-13.32▼ 301.8%	-13.11▲ 1.6%	-6.69▲ 49.0%	-3.54▲ 0%
EPS Growth %	-	16.93%	-66.43%	195.1%	-301.82%	1.58%	48.97%	35.48%
EPS (Basic)	-5.02	-4.17	-6.94	6.65	-13.32	-13.11	-6.69	-
Diluted Shares Outstanding	787K	1.18M	2.4M	3.59M	5.81M	5.79M	7.5M	9.75M
Basic Shares Outstanding	787K	1.18M	2.4M	3.55M	5.51M	5.79M	7.5M	9.69M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

XOS Balance Sheet

Xos, Inc. (XOS) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Total Current Assets	1.18M	1.78M	12.69M	165.96M	163.2M	71.69M	82.3M	62.53M
Cash & Short-Term Investments	860K	19K	10.36M	110.84M	86.28M	11.64M	11M	14.07M
Cash Only	860K	19K	10.36M	16.14M	35.63M	11.64M	11M	14.07M
Short-Term Investments	0	0	0	94.7M	50.65M	0	0	0
Accounts Receivable	0	179K	408K	3.35M	8.53M	15.95M	29.23M	15.38M
Days Sales Outstanding	-	56.96	56.39	242.44	85.57	130.78	190.67	155.85
Inventory	317K	1.57M	1.87M	30.88M	57.54M	37.84M	36.57M	25.22M
Days Inventory Outstanding	1.26K	710.53	291.1	1.52K	316.27	301.5	256.69	235.89
Other Current Assets	0	16K	0	10.8M	8.48M	4.51M	4.78M	7.86M
Total Non-Current Assets	897K	973K	1.08M	62.75M	26.73M	21.99M	16.03M	11.28M
Property, Plant & Equipment	897K	973K	1.08M	7.43M	25.14M	19.65M	9.3M	6.33M
Fixed Asset Turnover	0.34x	1.18x	2.44x	0.68x	1.45x	2.27x	6.01x	6.76x
Goodwill	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	54.82M	0	0	0	3.16M
Other Non-Current Assets	0	0	0	506K	1.6M	2.34M	6.73M	21.54M
Total Assets	2.07M▲ 0%	2.76M▲ 32.9%	13.77M▲ 399.8%	228.71M▲ 1560.4%	189.94M▼ 17.0%	93.68M▼ 50.7%	98.33M▲ 5.0%	73.81M▲ 0%
Asset Turnover	0.15x	0.42x	0.19x	0.02x	0.19x	0.48x	0.57x	0.61x
Asset Growth %	-	32.88%	399.78%	1560.42%	-16.95%	-50.68%	4.96%	-103.74%
Total Current Liabilities	1.35M	6.01M	32.94M	15.98M	45.77M	19.57M	46.67M	25.96M
Accounts Payable	719K	1.48M	1.17M	10.12M	2.9M	2.76M	8.93M	4.86M
Days Payables Outstanding	2.85K	669.32	182.11	498.59	15.92	21.96	62.69	45.52
Short-Term Debt	70K	1.08M	18.53M	482K	29.22M	1.35M	21.63M	0
Deferred Revenue (Current)	0	0	731K	899K	914K	3.05M	1.53M	4.26M
Other Current Liabilities	98K	2.21M	8.22M	177K	1.5M	1.31M	740K	21.1M
Current Ratio	0.87x	0.30x	0.39x	10.38x	3.57x	3.66x	1.76x	1.76x
Quick Ratio	0.64x	0.04x	0.33x	8.45x	2.31x	1.73x	0.98x	0.98x
Cash Conversion Cycle	-	98.17	165.37	1.27K	385.93	410.33	384.67	346.22
Total Non-Current Liabilities	6.61M	7.28M	8.03M	38.33M	32.09M	28.91M	18.05M	16.79M
Long-Term Debt	6.18M	6.59M	166K	1.59M	20.81M	20.51M	224K	14M
Capital Lease Obligations	0	0	0	0	9.27M	4.98M	17.07M	48.99M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	427K	690K	7.86M	36.74M	2.01M	3.42M	756K	5.24M
Total Liabilities	7.96M	13.29M	40.97M	54.31M	77.86M	48.49M	64.72M	42.75M
Total Debt	6.25M	7.67M	18.7M	2.08M	62.95M	30.52M	43.01M	14M
Net Debt	5.39M	7.65M	8.34M	-14.07M	27.32M	18.88M	32.01M	-66K
Debt / Equity	-	-	-	0.01x	0.56x	0.68x	1.28x	1.28x
Debt / EBITDA	-	-	-	-	-	-	-	-0.41x
Net Debt / EBITDA	-	-	-	-	-	-	-	0.00x
Interest Coverage	-	-	-3.61x	-	-24.55x	-7.14x	-214.36x	-19.14x
Total Equity	-5.89M▲ 0%	-10.53M▼ 78.8%	-27.2M▼ 158.2%	174.39M▲ 741.2%	112.08M▼ 35.7%	45.2M▼ 59.7%	33.61M▼ 25.6%	31.06M▲ 0%
Equity Growth %	-	-78.85%	-158.18%	741.22%	-35.73%	-59.67%	-25.64%	-197.01%
Book Value per Share	-7.48	-8.90	-11.33	48.54	19.28	7.81	4.48	3.18
Total Shareholders' Equity	-5.89M	-10.53M	-27.2M	174.39M	112.08M	45.2M	33.61M	31.06M
Common Stock	2K	4K	7K	16K	1K	1K	1K	221K
Retained Earnings	-5.89M	-10.83M	-27.49M	-4.09M	-77.42M	-153.26M	-203.42M	-218.99M
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	-7.86M	-381K	-739K	0	0	0
Minority Interest	0	0	0	0	0	0	0	0

XOS Cash Flow Statement

Xos, Inc. (XOS) cash flow — operating, investing & free cash flow history

Line item	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	TTM
Cash from Operations	-3M	-2.21M	-12.34M	-88.89M	-127.96M	-39.29M	-48.8M	-48.8M
Operating CF Margin %	-975.32%	-193.03%	-467.17%	-1760.99%	-351.77%	-88.24%	-87.19%	-
Operating CF Growth %	-	26.3%	-457.27%	-620.5%	-43.95%	69.3%	-24.2%	934.65%
Net Income	-3.95M	-4.93M	-16.67M	23.4M	-73.33M	-75.84M	-50.16M	-34.55M
Depreciation & Amortization	121K	239K	296K	736K	3.63M	4.88M	5.14M	4.2M
Stock-Based Compensation	2K	279K	12K	1.66M	5.22M	7.91M	7.71M	4.92M
Deferred Taxes	0	1.15M	0	0	0	0	0	0
Other Non-Cash Items	719K	-393K	3.21M	-75.15M	-31.77M	9.3M	11.15M	3.48M
Working Capital Changes	102K	1.44M	815K	-39.54M	-31.71M	14.47M	-22.64M	28.22M
Change in Receivables	0	-179K	-229K	-2.97M	-4.94M	-6.98M	-12.69M	19.98M
Change in Inventory	-317K	-1.25M	-297K	-29.97M	-31.29M	22.05M	-1.56M	15.48M
Change in Payables	0	0	-310K	9.01M	-7.27M	-133K	5.41M	-4.06M
Cash from Investing	-784K	-314K	-407K	-155.14M	82.71M	50.63M	51.18M	43K
Capital Expenditures	-784K	-314K	-407K	-4.92M	-14.11M	-1.39M	-304K	0
CapEx % of Revenue	254.55%	27.38%	15.41%	97.37%	38.8%	3.11%	0.54%	-
Acquisitions	0	0	0	0	0	0	51.35M	43K
Investments	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	1.29M	125K	0
Cash from Financing	4.57M	1.69M	23.09M	252.85M	64.75M	-38.38M	-3.02M	-1.43M
Debt Issued (Net)	4.57M	1.68M	13.51M	-444K	54.97M	-36.89M	-2.07M	-2.94M
Equity Issued (Net)	0	0	1000K	1000K	1000K	1000K	47K	1000K
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	0	0	-3K	0	0	0	0	0
Other Financing	0	8K	10K	219.11M	5.47M	-2.69M	-1M	-924K
Net Change in Cash	778K▲ 0%	-841K▼ 208.1%	10.34M▲ 1329.5%	8.82M▼ 14.7%	19.5M▲ 121.2%	-27.04M▼ 238.6%	-644K▲ 97.6%	4.88M▲ 0%
Free Cash Flow	-3.79M▲ 0%	-2.53M▲ 33.3%	-12.74M▼ 404.2%	-93.81M▼ 636.1%	-142.07M▼ 51.4%	-40.67M▲ 71.4%	-49.1M▼ 20.7%	6.26M▲ 0%
FCF Margin %	-1229.87%	-220.4%	-482.58%	-1858.36%	-390.57%	-91.35%	-87.74%	11.99%
FCF Growth %	-	33.26%	-404.15%	-636.05%	-51.45%	71.37%	-20.72%	111.76%
FCF per Share	-4.81	-2.14	-5.31	-26.11	-24.44	-7.03	-6.55	-6.55
FCF Conversion (FCF/Net Income)	0.76x	0.45x	0.74x	-3.80x	1.75x	0.52x	0.97x	-0.18x
Interest Paid	0	0	0	0	0	1.52M	0	0
Taxes Paid	0	0	0	0	0	0	17K	1K

XOS Key Ratios

Xos, Inc. (XOS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2019	2020	2021	2022	2023	2024	TTM
Return on Equity (ROE)	-	-	31.8%	-51.19%	-96.45%	-127.3%	-111.23%
Return on Invested Capital (ROIC)	-	-	-56.36%	-55.73%	-47.89%	-53.06%	-53.06%
Gross Margin	29.73%	11.36%	-46.79%	-82.55%	-2.9%	7.09%	3.15%
Net Margin	-430.08%	-631.09%	463.57%	-201.58%	-170.35%	-89.63%	-66.13%
Debt / Equity	-	-	0.01x	0.56x	0.68x	1.28x	1.28x
Interest Coverage	-	-3.61x	-	-24.55x	-7.14x	-214.36x	-19.14x
FCF Conversion	0.45x	0.74x	-3.80x	1.75x	0.52x	0.97x	-0.18x
Revenue Growth	272.4%	130.25%	91.14%	620.6%	22.4%	25.69%	-16.89%

XOS Frequently Asked Questions

Xos, Inc. (XOS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Xos, Inc. (XOS) reported $52.2M in revenue for fiscal year 2024. This represents a 16863% increase from $0.3M in 2018.

Xos, Inc. (XOS) grew revenue by 25.7% over the past year. This is strong growth.

Xos, Inc. (XOS) reported a net loss of $34.5M for fiscal year 2024.

Dividend & Returns

Xos, Inc. (XOS) has a return on equity (ROE) of -127.3%. Negative ROE indicates the company is unprofitable.

Xos, Inc. (XOS) generated $6.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Xos, Inc. (XOS) financial analysis — history, returns, DCA and operating performance tools

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Historical returns with dividends reinvested

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Dividend History

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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Xos, Inc.(XOS)Earnings, Financials & Key Ratios

XOS Key Insights

✓Strengths

✗Weaknesses

XOS Price & Volume

XOS Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

XOS Peer Comparison

Compare XOS vs Peers

vs WKHS

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XOS Income Statement

XOS Balance Sheet

XOS Cash Flow Statement

XOS Key Ratios

XOS Frequently Asked Questions

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