Financials in USD. Standardized financial statements.
A compact view of how Xos, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue? | $45.99M | $55.96M | $44.52M | $36.38M | $5.05M | $2.64M | $1.15M | $308,000 |
| Revenue Growth? | -17.8% | +25.7% | +22.4% | +620.6% | +91.1% | +130.3% | +272.4% | 0.0% |
| Cost of Revenue? | $43.27M | $52.00M | $45.81M | $66.41M | $7.41M | $2.34M | $806,000 | $92,000 |
| Gross Profit? | $2.72M | $3.96M | -$1.29M | -$30.03M | -$2.36M | $300,000 | $341,000 | $216,000 |
| Gross Margin? | +5.9% | +7.1% | -2.9% | -82.6% | -46.8% | +11.4% | +29.7% | +70.1% |
| Operating Expenses? | $35.81M | $49.84M | $63.67M | $81.32M | $50.79M | $12.17M | $4.71M | $3.81M |
| Operating Income? | -$33.08M | -$45.87M | -$64.97M | -$111.35M | -$53.16M | -$11.87M | -$4.37M | -$3.60M |
| EBITDA? | -$33.08M | -$40.73M | -$60.09M | -$107.72M | -$52.42M | -$11.58M | -$4.13M | -$3.48M |
| Income Before Tax | -$25.30M | -$50.12M | -$75.82M | -$73.32M | $23.40M | -$16.67M | -$4.93M | -$3.95M |
| Income Tax Expense | $23,000 | $37,000 | $21,000 | $8,000 | $2,000 | $0 | $0 | $0 |
| Net Income? | -$25.32M | -$50.16M | -$75.84M | -$73.33M | $23.40M | -$16.67M | -$4.93M | -$3.95M |
| EPS? | $-2.71 | $-6.69 | $-13.11 | $-13.32 | $6.65 | $-6.94 | $-4.17 | $-5.02 |
| Diluted EPS? | $-2.71 | $-6.69 | $-13.11 | $-13.32 | $6.60 | $-6.94 | $-4.17 | $-5.02 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality