XOS Inc Earnings Reports

Xos delivered a strong Q3 2025, posting $2.1M in net income and generating positive free cash flow of $3.1M. Gross margin rose to 15.3%, and revenue reached $16.5M on 130 units delivered, reflecting operational efficiency and disciplined cost management.

Xos reached new milestones in Q2 2025, posting record revenue and unit deliveries. The company achieved positive free cash flow of $4.6 million, reduced its operating loss to the lowest level since going public, and improved cost efficiency. Despite gross margin pressure, Xos continued executing its fleet-first strategy and strengthened its position in the electric vehicle market.

Xos, Inc. delivered 29 units and generated $5.9 million in revenue in Q1 2025, marking a decrease from the prior year. However, it reported positive GAAP gross profit and a 19.6% reduction in operating expenses, highlighting operational improvements despite macroeconomic challenges.

Xos, Inc. reported revenues of $15.8 million and a gross margin of 18.1% for the third quarter ended September 30, 2024. The company delivered 94 units and began serial production of Xos Hub in Tennessee.

Xos, Inc. reported a revenue of $15.5 million, a 227% increase year-over-year. The company delivered 90 units, up 137% year-over-year, and achieved a gross margin of 13.1%.

Xos, Inc. reported a 180% year-over-year revenue growth and achieved a 21% gross margin in Q1 2024. The company's cash position was improved by $50 million through the acquisition of ElectraMeccanica.

Xos, Inc. reported positive gross margins in Q3 and Q4 2023, a 22% increase in full year revenue, and entered into a definitive agreement to acquire ElectraMeccanica, strengthening the balance sheet.

Xos, Inc. reported a strong Q3 2023 with record deliveries of 105 units, a 176% increase quarter-over-quarter, and achieved positive GAAP gross margins of 11.9%. Revenues reached $16.7 million. The company is maintaining its outlook for 2023.

Xos, Inc. reported second-quarter revenue of $4.8 million, a net loss of $23.6 million, and produced and shipped its first gross margin positive units. The company delivered 38 units and secured a 30-truck purchase order from UniFirst after the quarter ended.

Xos, Inc. reported revenue of $4.7 million, a net loss of $24.3 million, and a non-GAAP operating loss of $18.9 million for the first quarter of 2023. The company delivered 31 units and is focused on achieving positive gross margin at a unit level by mid-2023.

Xos, Inc. reported its Q4 and full-year 2022 financial results, highlighting significant growth in revenue and deliveries compared to the previous year. The company is focused on achieving positive gross margins at a unit level by mid-2023 and expects strong revenue growth in 2023.

Xos, Inc. reported a revenue of $11.0 million for the third quarter of 2022, a 12% increase compared to the previous quarter. The company delivered 88 units, a 21% increase compared to the previous quarter. Net loss was $23.3 million and loss from operations was $31.2 million for the third quarter of 2022; non-GAAP operating loss for the quarter was $26.6 million.

Xos, Inc. reported a ~40% increase in revenue compared to the previous quarter, driven by increased deliveries. The company secured additional financing of $55 million in convertible securities. However, the company experienced a net loss of $9.5 million and an operating loss of $27.8 million for the quarter.

Xos, Inc. reported first quarter 2022 financial results with a revenue of $7.0 million. The company delivered 56 units and experienced a net loss of $21.2 million. Xos is focused on expanding deliveries and advancing relationships with existing clients.

Xos, Inc. reported Q4 2021 revenue of $3.3 million and a net income of $11.4 million. The company delivered 32 units to customers and expanded its distribution network through agreements with MHC and Yancey. They also strengthened their leadership team and had cash and equivalents of $168.7 million.

Xos, Inc. reported third quarter 2021 revenues of $357 thousand, a net income of $34.9 million, and cash and cash equivalents of $207.4 million. The company delivered 3 customer units during the quarter and launched the new Lyra Series of next-generation commercial vehicle battery packs.