Xos, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & Equivalents | $14.0M | $11.0M | $11.6M | $35.6M | $16.1M | $10.4M |
| Accounts Receivable | $6.0M | $26.9M | $15.1M | $8.2M | $3.4M | $408.0K |
| Inventory | $25.0M | $36.6M | $37.8M | $57.5M | $30.9M | $1.9M |
| Total Current Assets | $49.9M | $82.3M | $71.7M | $163.2M | $166.0M | $12.7M |
| Property, Plant & Equipment | — | — | — | — | $7.4M | $1.1M |
| Goodwill | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — |
| Total Assets | $60.4M | $98.3M | $93.7M | $189.9M | $228.7M | $13.8M |
| Liabilities | ||||||
| Accounts Payable | $2.5M | $8.9M | $2.8M | $2.9M | $10.1M | $1.2M |
| Total Current Liabilities | $23.7M | $46.7M | $19.6M | $45.8M | $16.0M | $32.9M |
| Long-Term Debt | — | — | — | — | — | — |
| Total Liabilities | $37.1M | $64.7M | $48.5M | $77.9M | $54.3M | $33.1M |
| Stockholders' Equity | ||||||
| Retained Earnings | $-228.7M | $-203.4M | $-153.3M | $-77.4M | $-4.1M | $-27.5M |
| Total Stockholders' Equity | $23.3M | $33.6M | $45.2M | $112.1M | $174.4M | $-27.2M |