# Xos Inc. (XOS)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $34M  
**Price:** $3.66 (+2.23%)

> Xos Inc. is a commercial vehicle and technology company focused on battery-electric fleet solutions. The company designs and manufactures medium- and heavy-duty electric commercial vehicles, including step vans and trucks used in last-mile delivery, linen and uniform services, food and beverage distribution, and armored transport. Xos Inc. complements its vehicles with integrated charging and energy offerings through solutions such as mobile and stationary chargers, mobile energy storage, and turnkey infrastructure services that support fleet electrification at scale. Its platforms include high-voltage vehicle architectures and proprietary vehicle control software, as well as Xosphere, a software suite that connects vehicle, charging, maintenance, and service data to improve fleet operations and uptime. Serving commercial and municipal operators, Xos Inc. positions itself as a comprehensive provider for organizations transitioning to electric fleets. The company was founded in 2016 and is headquartered in Los Angeles, California.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $46M | $3M | -$33M | -$25M | — |
| 2024 | $56M | $4M | -$46M | -$50M | — |
| 2023 | $45M | -$1M | -$65M | -$76M | — |
| 2022 | $36M | -$30M | -$111M | -$73M | — |
| 2021 | $5M | -$2M | -$53M | $23M | — |
| 2020 | $3M | $300,000 | -$12M | -$17M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $60M | $37M | $23M | $14M | — |
| 2024 | $98M | $65M | $34M | $11M | — |
| 2023 | $94M | $48M | $45M | $12M | — |
| 2022 | $190M | $78M | $112M | $36M | — |
| 2021 | $229M | $54M | $174M | $16M | — |
| 2020 | $14M | $33M | -$27M | $10M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $5M | — | $5M |
| 2024 | -$49M | $304,000 | -$49M |
| 2023 | -$39M | $1M | -$41M |
| 2022 | -$128M | $14M | -$142M |
| 2021 | -$89M | $5M | -$94M |
| 2020 | -$12M | $407,000 | -$13M |

Source: [CompaniesByCap](https://companiesbycap.com/company/XOS)