Xos, Inc. (XOS) Revenue History
Annual and quarterly revenue from 2018 to 2024
Compound Annual Growth Rate (CAGR)
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XOS Revenue Growth
Revenue Breakdown (FY 2024)
XOS's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
XOS Revenue Analysis (2018–2024)
As of May 6, 2026, Xos, Inc. (XOS) generated trailing twelve-month (TTM) revenue of $52.2 million, reflecting modest growth of +4.5% year-over-year. The most recent quarter (Q3 2025) recorded $16.5 million in revenue, down 10.3% sequentially.
Looking at the longer-term picture, XOS's 5-year compound annual growth rate (CAGR) stands at +117.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $56.0 million in 2024, representing a new all-time high.
Revenue diversification analysis shows XOS's business is primarily driven by Product (54%), Stepvans And Vehicle Incentives (43%), and Ancillary (2%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including WKHS (+16.7% YoY), BLNK (-22.3% YoY), and REE (-74.9% YoY), XOS has underperformed the peer group in terms of revenue growth. Compare XOS vs WKHS →
XOS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| XOSCurrent | $52M | +4.5% | +117.6% | -82.0% | |
 WKHS | $7M | +16.7% | +77.4% | -1116.7% | |
 BLNK | $124M | -22.3% | +114.6% | -160.6% | |
 REE | $183,000 | -74.9% | - | -43239.9% | |
 PLUG | $710M | +12.9% | - | 38.1% | |
 CHPT | $411M | -1.4% | +22.9% | -51.1% |
XOS Historical Revenue Data (2018–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $56.0M | +25.7% | $4.0M | 7.1% | $-45,874,000 | -82.0% |
| 2023 | $44.5M | +22.4% | $-1,290,000 | -2.9% | $-64,965,000 | -145.9% |
| 2022 | $36.4M | +620.6% | $-30,029,000 | -82.6% | $-111,348,000 | -306.1% |
| 2021 | $5.0M | +91.1% | $-2,362,000 | -46.8% | $-53,155,000 | -1053.0% |
| 2020 | $2.6M | +130.3% | $300K | 11.4% | $-11,872,000 | -449.5% |
| 2019 | $1.1M | +272.4% | $341K | 29.7% | $-4,374,000 | -381.3% |
| 2018 | $308K | - | $216K | 70.1% | $-3,597,000 | -1167.9% |
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Start ComparisonXOS — Frequently Asked Questions
Quick answers to the most common questions about buying XOS stock.
Is XOS's revenue growth accelerating or slowing?
XOS revenue growth slowed to +4.5%, below the 5-year CAGR of +117.6%. TTM revenue is $52M. The deceleration marks a shift from historical growth rates.
What is XOS's long-term revenue growth rate?
Xos, Inc.'s 5-year revenue CAGR of +117.6% reflects the variable expansion pattern. Current YoY growth of +4.5% is near this long-term average.
How is XOS's revenue distributed by segment?
XOS reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2024 are available for download. Segment mix reveals concentration and diversification trends.