Xos, Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.7M | $11.2M | $5.2M | $16.5M | $18.4M | $5.9M | $11.5M | $15.8M |
| Cost of Revenue | $4.2M | $6.9M | $7.9M | $14.0M | $16.8M | $4.7M | $15.2M | $12.9M |
| Gross Profit | $573.0K | $4.3M | $-2.7M | $2.5M | $1.6M | $1.2M | $-3.7M | $2.9M |
| Gross Margin | 12.1% | 38.6% | -50.9% | 15.3% | 8.9% | 20.6% | -32.4% | 18.1% |
| Operating Expenses | ||||||||
| Research & Development | $1.9M | $2.0M | $1.9M | $2.1M | $2.1M | $1.9M | $1.9M | $2.6M |
| SG&A Expense | $5.8M | $6.1M | $4.5M | $6.5M | $5.9M | $7.9M | $8.1M | $8.9M |
| Operating Income | $-7.9M | $-4.7M | $-9.8M | $-7.0M | $-7.1M | $-9.3M | $-14.6M | $-9.7M |
| Operating Margin | -167.7% | -41.7% | -186.9% | -42.4% | -38.4% | -157.7% | -127.0% | -61.4% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-6.9M | $-4.9M | $-9.8M | $2.1M | $-7.5M | $-10.2M | $-19.0M | $-10.5M |
| Income Tax Expense | $27.0K | $5.0K | $0 | $-2.0K | $13.0K | $12.0K | $24.0K | $4.0K |
| Net Income | $-6.9M | $-4.9M | $-9.8M | $2.1M | $-7.5M | $-10.2M | $-19.0M | $-10.5M |
| Net Margin | -145.4% | -43.8% | -187.6% | 12.9% | -40.7% | -172.8% | -165.4% | -66.6% |
| EPS (Basic) | $-0.55 | $-0.43 | $-0.77 | $0.22 | $-0.90 | $-1.26 | $-2.34 | $-1.32 |
| EPS (Diluted) | $-0.55 | $-0.43 | $-0.77 | $0.22 | $-0.90 | $-1.26 | $-2.34 | $-1.32 |
| Shares Outstanding (Basic) | 12.6M | 11.6M | 9.4M | 9.7M | 8.3M | 8.1M | 7.5M | 8.0M |
| Shares Outstanding (Diluted) | 12.6M | 11.6M | 9.4M | 9.8M | 8.3M | 8.1M | 7.5M | 8.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |