Xos, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-25.3M | $-50.2M | $-75.8M | $-73.3M | $23.4M | $-16.7M |
| Depreciation & Amortization | — | — | — | — | — | — |
| Depreciation | $2.2M | $3.3M | $3.3M | $2.1M | $700.0K | $296.0K |
| Amortization | — | — | — | — | — | — |
| Stock-Based Compensation | $7.4M | $7.7M | $7.9M | $5.2M | $1.7M | $12.0K |
| Net Cash from Operating Activities | $5.4M | $-48.8M | $-39.3M | $-128.0M | $-88.9M | $-12.3M |
| Investing Activities | ||||||
| Capital Expenditures | $0 | $304.0K | $1.4M | $14.1M | $4.9M | $407.0K |
| Business Acquisitions | — | — | — | — | — | — |
| Net Cash from Investing Activities | $61.0K | $51.2M | $50.6M | $82.7M | $-155.1M | $-407.0K |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | $0 | $3.0K |
| Net Cash from Financing Activities | $-2.4M | $-3.0M | $-38.4M | $64.7M | $252.9M | $23.1M |
| Net Change in Cash | $3.0M | $-644.0K | $-27.0M | $19.5M | $8.8M | $10.3M |
| Free Cash Flow | $5.4M | $-49.1M | $-40.7M | $-142.1M | $-93.8M | $-12.7M |