Xos, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $46.0M | $56.0M | $44.5M | $36.4M | $5.0M | $2.6M |
| Cost of Revenue | — | $43.3M | $52.0M | $45.8M | $66.4M | $7.4M | $2.3M |
| Gross Profit | — | $2.7M | $4.0M | $-1.3M | $-30.0M | $-2.4M | $300.0K |
| Gross Margin | — | 5.9% | 7.1% | -2.9% | -82.6% | -46.8% | 11.4% |
| Operating Expenses | |||||||
| Research & Development | — | $8.0M | $10.6M | $19.6M | $30.7M | $20.1M | $7.0M |
| SG&A Expense | — | $24.8M | $35.1M | $37.7M | $41.1M | $27.2M | $3.6M |
| Operating Income | — | $-33.1M | $-45.9M | $-65.0M | $-111.3M | $-53.2M | $-11.9M |
| Operating Margin | — | -71.9% | -82.0% | -145.9% | -306.1% | -1,053.0% | -449.5% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | — | $-25.3M | $-50.1M | $-75.8M | $-73.3M | $23.4M | $-16.7M |
| Income Tax Expense | — | $23.0K | $37.0K | $21.0K | $8.0K | $2.0K | $0 |
| Net Income | — | $-25.3M | $-50.2M | $-75.8M | $-73.3M | $23.4M | $-16.7M |
| Net Margin | — | -55.1% | -89.6% | -170.3% | -201.6% | 463.6% | -631.1% |
| EPS (Basic) | — | $-2.71 | $-6.69 | $-13.11 | $-13.31 | $0.22 | $-0.23 |
| EPS (Diluted) | — | $-2.71 | $-6.69 | $-13.11 | $-13.32 | $0.22 | $-0.23 |
| Shares Outstanding (Basic) | 12.0M | 9.4M | 7.5M | 5.8M | 5.5M | 105.6M | 72.0M |
| Shares Outstanding (Diluted) | 12.0M | 9.4M | 7.5M | 5.8M | 5.8M | 107.8M | 72.0M |
| Dividends Per Share | — | — | — | — | — | — | — |