Xos, Inc. (XOS)

Xos, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	51.54	55.96	44.52	36.38	5.05	2.64
Revenue Growth (YoY)	-19.18%	25.69%	22.40%	620.60%	91.14%	130.25%
Cost of Revenue	49.56	52	45.81	66.41	7.41	2.34
Gross Profit	1.98	3.97	-1.29	-30.03	-2.36	0.3
Selling, General & Admin	34.02	39.21	44.09	50.64	30.72	5.16
Research & Development	8.57	10.63	19.59	30.68	20.08	7.02
Operating Expenses	42.59	49.84	63.68	81.32	50.79	12.17
Operating Income	-40.61	-45.87	-64.97	-111.35	-53.16	-11.87
Interest Expense	-1.71	-2.21	-9.52	-4.53	-0.05	-
Other Non Operating Income (Expenses)	-0.61	2.13	-1.77	14.02	18.21	-4.8
EBT Excluding Unusual Items	-42.94	-45.96	-76.25	-101.85	-35	-16.67
Gain (Loss) on Sale of Investments	-	-	-0.09	-0.15	-	-
Asset Writedown	-4.2	-4.2	-	-	-	-
Other Unusual Items	0.01	0.04	0.52	28.68	58.4	-
Pretax Income	-47.13	-50.12	-75.82	-73.32	23.4	-16.67
Income Tax Expense	0.05	0.04	0.02	0.01	0	-
Net Income	-47.18	-50.16	-75.84	-73.33	23.4	-16.67
Net Income to Common	-47.18	-50.16	-75.84	-73.33	23.4	-16.67
Shares Outstanding (Basic)	8	8	6	6	4	2
Shares Outstanding (Diluted)	8	8	6	6	4	2
Shares Change (YoY)	25.62%	29.60%	-0.43%	61.77%	49.65%	102.81%
EPS (Basic)	-5.83	-6.69	-13.11	-13.31	6.65	-6.94
EPS (Diluted)	-5.83	-6.69	-13.38	-13.32	6.60	-6.94
Free Cash Flow	-8.48	-49.1	-40.67	-142.07	-93.81	-12.75
Free Cash Flow Per Share	-1.05	-6.55	-7.03	-24.45	-26.11	-5.31
Gross Margin	3.84%	7.08%	-2.90%	-82.55%	-46.79%	11.36%
Operating Margin	-78.81%	-81.97%	-145.91%	-306.10%	-1052.99%	-449.53%
Profit Margin	-91.55%	-89.63%	-170.35%	-201.58%	463.57%	-631.09%
Free Cash Flow Margin	-16.45%	-87.74%	-91.35%	-390.57%	-1858.36%	-482.58%
EBITDA	-37.98	-42.53	-61.65	-109.28	-52.42	-11.58
EBITDA Margin	-73.70%	-76.00%	-138.47%	-	-	-
D&A For EBITDA	2.63	3.34	3.31	2.07	0.74	0.3
EBIT	-40.61	-45.87	-64.97	-111.35	-53.16	-11.87
EBIT Margin	-78.81%	-81.97%	-145.91%	-	-	-
Effective Tax Rate	-	-	-	-	0.01%	-
Advertising Expenses	-	0.2	0.3	1.3	0.4	0.02

Updated May 15, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q