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Xos, Inc. (XOS) stock

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NASDAQ: XOS Nasdaq Automobile Manufacturers Next results ~November 12, 2026

D Fundamentals grade

Xos, Inc. is a US-listed company in the automobile manufacturers industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.6

Price-to-sales vs peers

Base case. Range ~$0.6–$2.2. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Xos, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 7 selling1 purchase and 44 sales by directors and officers, last 12 monthsInsider trades
  • Funds15 adding, 15 cuttingOf 4 active managers that changed their stake, 2 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Xos files

10-Q filed August 13: Xos

Revenue for the twelve months to June 2026 was $38m, down 26.9% on a year earlier, against growth of 5.5% a quarter earlier. That puts it 8 of 9 for growth among the automobile manufacturers companies we cover. Free-cash-flow margin rose to 3.2% from -16.5% a year earlier. The diluted share count is up 39.7% on a year earlier, which dilutes existing holders. Our model value is little changed at $1.06 a share, against a share price of $2.67.

Source: 10-Q filed August 13, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Xos stands after its latest Filing

Revenue for the twelve months was $38m, down 26.9% on a year earlier, against growth of 5.5% a quarter earlier. That puts it 8 of 9 for growth among the automobile manufacturers companies we cover. Free-cash-flow margin rose to 3.2% from -16.5% a year earlier. The diluted share count is up 39.7% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 2 financial-health checks. Our revenue-to-maturity cash-flow model value is $1.06 a share, against a share price of $2.67.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Xos, Inc.'s trailing-twelve-month revenue fell 26.9% year on year, with a free-cash-flow margin of 3.2%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 18 automobile manufacturers companies we cover. Where it lags: change in share count of 39.7% ranks 20 of 21 automobile manufacturers companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -26.9% (-32.3pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Results due soon. Results are expected around 12 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 26.9% over the last 12 months.
  • Growth slowing. The growth rate is 32.3 points lower than a quarter earlier.
  • Loss-making. Operating margin is -77.9%: costs exceed revenue.
  • Heavy stock-based pay. Stock pay equals 22.3% of revenue, against a median of 1.1% for automobile manufacturers companies we cover: a real cost that cash-flow figures leave out.
  • Share dilution. Diluted shares rose 39.7% in a year.

Latest results: FY2026 Q2

Filed August 13, 2026
Earnings per share
-$0.55 against an average estimate of -$0.53: missed by 3.8%
Revenue
$5m, down 74.2% on a year earlier
Share reaction
-20.3% in the first session after the results on August 13, 2026, against +0.5% for the S&P 500
Next report
November 12, 2026

Xos' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.7%
  • 1 week+3.1%
  • 1 month-18.2%
  • This year+49.2%
  • 1 year-0.7%
  • 5 years-98.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$37.7M
Operating margin
-77.9%
Net margin
-51.6%
EPS (TTM, diluted)
$-1.72

Growth

Revenue growth
−26.9%
Change in growth rate
−32.3 pts
Share count change
+39.7%

Cash

Free cash flow (TTM)
$1.2M
FCF margin
3.2%
Stock pay % of revenue
22.3%

Earnings

Last results
August 13, 2026
Next results (est.)
November 12, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Xos, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Xos, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.32 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.6 ~$0.7–$2.2 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.6 ~$0.6–$2.2 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Xos, Inc. with Automobile Manufacturers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202020212022202320242025Now
Share price$302.10$94.50$13.29$7.98$3.24$1.81$2.70
Market value$725m$340m$77m$46m$24m$17m$31m
+ Net debt (− = net cash)$8m−$15m$13m$9m$10m$5m$3m
Enterprise value$733m$325m$90m$55m$35m$22m$33m
Multiples
Price / sales n/m67.3x2.1x1.0x0.4x0.4x0.8x
Price / earnings —14.5x—————
Price / free cash flow —————3.1x25.5x
EV / EBITDA ———————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

10 /100

Weak moat

How hard Xos's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -31.5% of total assets over 5 years.

  • Pricing power 0 / 20

    Gross margin has been a median 6.8%, moving by 39.7 percentage points (standard deviation) across 6 years.

  • Durability 10 / 20

    Operating margin has been a median -207.4%; its worst year was -622.0%.

  • Cash conversion 2 / 20

    Free cash flow was positive in 1 of 5 years, at a median -78.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (15 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026, after the close. Analysts expect revenue of $15m for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$1.99 +27% $40m −14%
Next −$1.93 +3% $54m +37%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −4.3% on 90 days ago. In the last 30 days, 1 analyst raised Xos, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Xos, Inc., last 90 days
−$3.00 −$2.00 −$1.00 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$2.08 Current fiscal year, 60 days ago: −$2.08 Current fiscal year, 30 days ago: −$2.08 Current fiscal year, 7 days ago: −$2.08 Current fiscal year, Now: −$1.99 −$1.99 Next fiscal year, 90 days ago: −$2.15 Next fiscal year, 60 days ago: −$2.15 Next fiscal year, 30 days ago: −$2.15 Next fiscal year, 7 days ago: −$2.15 Next fiscal year, Now: −$1.93 −$1.93

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$2.08−$2.15
60 days ago −$2.08−$2.15
30 days ago −$2.08−$2.15
7 days ago −$2.08−$2.15
Now −$1.99−$1.93

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.53 −$0.55 −3.8%
Mar 2026 −$0.71 −$0.43 +39.9%
Dec 2025 −$0.60 −$0.86 −43.3%
Sept 2025 −$0.80 $0.45 +155.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

2 analysts, Oct 2026
Buy150%
Hold150%
Sell00%

Monthly trend

  1. Oct 2026112

Counts of recommendations published by analysts covering Xos, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
7.5%
of tradable shares
Days to cover
3.32
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
5%
of shares
Held by insiders
66.2%
of shares
Employees
99
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −0.7%

$2.72 on October 31, 2025 to $2.70

ThenNowEffect
Revenue (last 12 months) $52m $38m −26.9%
P/S multiple 0.4x 0.8x +89.6%
Share count 8m 11m −28.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
XOS−69%−86%−40%−59%−44%+49%
Industry peers (median)+26%−42%+8%−33%−45%−57%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
XOS42%25%33%33%33%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
XOS−80%−87%−82%−78%−71%−74%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since December 8, 2020: 100% from February 22, 2021 to March 30, 2026. Getting back needed a 25782% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.61 – $7.46
From 52-week high
−63.8%
vs 50-day average
−7.8%
vs 200-day average
+7.5%
Volatility (1 year)
277%
Beta vs S&P 500
-0.13

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±12.2%
After a week
5 up, 7 down
typical move ±18.2%
After a month
2 up, 10 down
typical move ±22.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 13, 2026 −20.3% +0.5% +41.4% −1.9%
May 14, 2026 +4.9% −0.4% +0.5% +68.0%
March 26, 2026 −17.6% −3.5% −14.7% −17.6%
November 13, 2025 −2.4% −1.7% −13.7% −12.9%
August 13, 2025 +12.2% +0.4% −11.0% −28.8%
May 14, 2025 −10.4% +0.6% −15.4% −21.8%
March 28, 2025 −15.4% −1.4% −16.0% +9.0%
November 13, 2024 −13.4% −0.6% −24.8% −30.0%
August 13, 2024 −0.8% +2.0% +6.4% −8.7%
May 15, 2024 +11.9% +1.0% +4.8% −7.3%
March 21, 2024 −2.3% +0.1% −14.7% −37.8%
November 9, 2023 +35.1% +0.8% +55.2% −23.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Xos, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Xos, Inc.
$30M $40M $50M $60M $70M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $34.7M Revenue (TTM), FY23 Q4: $44.5M Revenue (TTM), FY24 Q1: $53M Revenue (TTM), FY24 Q2: $63.8M Revenue (TTM), FY24 Q3: $62.9M Revenue (TTM), FY24 Q4: $56M Revenue (TTM), FY25 Q1: $48.7M Revenue (TTM), FY25 Q2: $51.5M Revenue (TTM), FY25 Q3: $52.2M Revenue (TTM), FY25 Q4: $46M Revenue (TTM), FY26 Q1: $51.3M Revenue (TTM), FY26 Q2: $37.7M $37.7M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $34.7M
FY23 Q4 $44.5M
FY24 Q1 $53M
FY24 Q2 $63.8M
FY24 Q3 $62.9M
FY24 Q4 $56M
FY25 Q1 $48.7M
FY25 Q2 $51.5M
FY25 Q3 $52.2M
FY25 Q4 $46M
FY26 Q1 $51.3M
FY26 Q2 $37.7M
Revenue growth, TTM YoY Xos, Inc.
-50% 0% 50% 100% 150% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 11.6% Revenue growth, TTM YoY, FY23 Q4: 22.4% Revenue growth, TTM YoY, FY24 Q1: 55.7% Revenue growth, TTM YoY, FY24 Q2: 119.7% Revenue growth, TTM YoY, FY24 Q3: 81.1% Revenue growth, TTM YoY, FY24 Q4: 25.7% Revenue growth, TTM YoY, FY25 Q1: -8.1% Revenue growth, TTM YoY, FY25 Q2: -19.2% Revenue growth, TTM YoY, FY25 Q3: -16.9% Revenue growth, TTM YoY, FY25 Q4: -17.8% Revenue growth, TTM YoY, FY26 Q1: 5.5% Revenue growth, TTM YoY, FY26 Q2: -26.9% -26.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 11.6%
FY23 Q4 22.4%
FY24 Q1 55.7%
FY24 Q2 119.7%
FY24 Q3 81.1%
FY24 Q4 25.7%
FY25 Q1 -8.1%
FY25 Q2 -19.2%
FY25 Q3 -16.9%
FY25 Q4 -17.8%
FY26 Q1 5.5%
FY26 Q2 -26.9%
Operating margin (TTM) Xos, Inc.
-300% -200% -100% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: -227.7% Operating margin (TTM), FY23 Q4: -145.9% Operating margin (TTM), FY24 Q1: -104.1% Operating margin (TTM), FY24 Q2: -72.2% Operating margin (TTM), FY24 Q3: -68.6% Operating margin (TTM), FY24 Q4: -82.0% Operating margin (TTM), FY25 Q1: -92.2% Operating margin (TTM), FY25 Q2: -78.8% Operating margin (TTM), FY25 Q3: -72.5% Operating margin (TTM), FY25 Q4: -71.9% Operating margin (TTM), FY26 Q1: -55.5% Operating margin (TTM), FY26 Q2: -77.9% -77.9%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 -227.7%
FY23 Q4 -145.9%
FY24 Q1 -104.1%
FY24 Q2 -72.2%
FY24 Q3 -68.6%
FY24 Q4 -82.0%
FY25 Q1 -92.2%
FY25 Q2 -78.8%
FY25 Q3 -72.5%
FY25 Q4 -71.9%
FY26 Q1 -55.5%
FY26 Q2 -77.9%
FCF margin (TTM) Xos, Inc.
-200% -100% 0% 100% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -185.5% FCF margin (TTM), FY23 Q4: -91.3% FCF margin (TTM), FY24 Q1: -74.9% FCF margin (TTM), FY24 Q2: -78.4% FCF margin (TTM), FY24 Q3: -84.7% FCF margin (TTM), FY24 Q4: -87.7% FCF margin (TTM), FY25 Q1: -80.6% FCF margin (TTM), FY25 Q2: -16.5% FCF margin (TTM), FY25 Q3: 12.0% FCF margin (TTM), FY25 Q4: 11.7% FCF margin (TTM), FY26 Q1: 16.7% FCF margin (TTM), FY26 Q2: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -185.5%
FY23 Q4 -91.3%
FY24 Q1 -74.9%
FY24 Q2 -78.4%
FY24 Q3 -84.7%
FY24 Q4 -87.7%
FY25 Q1 -80.6%
FY25 Q2 -16.5%
FY25 Q3 12.0%
FY25 Q4 11.7%
FY26 Q1 16.7%
FY26 Q2 3.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 3 5 36 45 56 46 38
Gross profit 0 −2 −30 −1 4 3 5
EBITDA −12 −52 −109 −62 −43 −31 −27
Operating income −12 −53 −111 −65 −46 −33 −29
Net income −17 23 −73 −76 −50 −25 −19
Diluted EPS −$6.90 $6.60 −$13.32 −$13.11 −$6.69 −$2.71 −$1.72
Growth (year on year)
Revenue — +91.1% +620.6% +22.4% +25.7% −17.8% −26.9%
Net income — — −413.3% — — — —
Diluted EPS — — −301.8% — — — —
Margins
Gross margin 11.4% −46.8% −82.6% −2.9% 7.1% 5.9% 12.7%
EBITDA margin −438.3% <−999% −300.3% −138.5% −76.1% −67.1% −72.1%
Operating margin −449.5% <−999% −306.1% −145.9% −82.0% −71.9% −77.9%
Net margin −631.1% 463.6% −201.6% −170.3% −89.6% −55.1% −51.6%
Free-cash-flow margin −482.6% <−999% −390.6% −91.3% −87.7% 11.7% 3.2%
Cash flow
Cash from operations −12 −89 −128 −39 −49 5 1
Capital spending 0 5 14 1 0 0 0
Free cash flow −13 −94 −142 −41 −49 5 1
Stock-based pay 0 2 5 8 8 7 8
Free cash flow after stock pay −13 −95 −147 −49 −57 −2 −7
Balance sheet
Cash 10 16 36 12 11 14 13
Total debt 18 2 49 21 21 19 16
Net debt (negative = net cash) 8 −15 13 9 10 5 3
Diluted shares 2m 4m 6m 6m 8m 9m 11m
Returned to shareholders
Buybacks 0 0 — — — — —
Total returned 0 0 — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $54m
Short-term assets $45mLonger-term assets $9m
What it owes, and who funded it · $54m
Short-term liabilities $22mLonger-term liabilities $9mShareholders' equity $23m
  • Short-term assets cover short-term liabilities $45m of assets due within a year against $22m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $45m short-term assets against $9m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Xos, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+39.7%
year over year
R&D spending
21.0%
of revenue
Days sales outstanding
43 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in automobile manufacturers
Last 12 months unless stated XOS EZGO FLYE KNDI GGR LOT Median
Revenue, last 12 months $38m $20m $16m $87m $281m $519m $6.5bn
Revenue growth, last 12 months −26.9% 12.4% −28.0% −31.5% −9.4% −43.8% 1.7%
Revenue growth, latest quarter −74.2% — −48.4% — — — −2.0%
Gross margin 12.7% 6.5% 16.4% 42.6% 8.2% 8.7% 13.3%
Operating margin −77.9% −16.4% −51.4% −65.4% −26.0% −81.5% −16.2%
Operating margin, 3-year average −76.3% — −23.4% — — — 0.0%
Net margin −51.6% −42.4% −67.9% −107.4% −28.4% −89.4% −14.5%
Cash from operations / revenue 3.3% −10.8% −53.1% 110.7% 12.8% −64.3% 3.4%
Free-cash-flow margin 3.2% −20.9% −52.7% 110.2% −10.3% −79.6% 2.1%
Free-cash-flow margin, 3-year average −30.6% — −37.7% — — — 4.0%
Stock pay / revenue 22.3% 0.7% — 8.1% 1.4% 0.4% 1.1%
Change in share count 39.7% 117.1% — −3.1% 11.4% 0.5% 0.5%

Median of all 23 companies we cover in automobile manufacturers. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

23 automobile manufacturers companies
Measure Company Peer median Rank
Revenue growth Growth -26.9% 1.7% 19 of 23
Change in growth rate Growth -32.3pp -2.1pp 19 of 23
Gross margin Profitability 12.7% 13.0% 12 of 21
Operating margin Profitability -77.9% -16.0% 19 of 22
Net margin Profitability -51.6% -14.5% 17 of 23
Free-cash-flow margin Cash generation 3.2% 2.4% 9 of 22
Stock pay as % of revenue Cash generation 22.3% 1.1% 14 of 15
Long-term debt as % of assets Balance sheet 0.0% 16.3% 1 of 18
Change in share count Balance sheet 39.7% 0.5% 20 of 21
Days sales outstanding Balance sheet 43 days 34 days 12 of 16

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Products $45.1M 98.1% ▼ 16.5%
Stepvans and Vehicle Incentives $35.8M 79.5% ▼ 16.3%
Powertrains and Hubs $7.2M 15.9% ▼ 18.0%
Manufactured Product Other $1.7M 3.8% ▼ 4.4%
Powertrain Engineering Services $600,000 1.3% —
Ancillary $892,000 1.9% ▼ 53.7%
Automotive Regulatory Credits $0 0.0% ▼ 100.0%

From Xos, Inc.'s 10-K filed March 30, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.1M
Institutions reporting
36
Shares held vs prior quarter
▲ 56.2%
Positions opened / closed
9 / 7

Top buyers and sellers, Q2 2026: 15 institutions bought and 15 sold ; the biggest buyer was Jane Street Group, LLC (+80K shares) and the biggest seller Two Sigma Investments, LP (−110K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Capital Management LLC $673,578 223K 31.9% ▲ 50.0%
Geode Capital Management, LLC $262,161 87K 12.4% ▼ 10.9%
Jane Street Group, LLC $241,536 80K 11.5% New
State Street Corp $233,908 77K 11.1% New
Vanguard Fiduciary Trust Co $151,257 50K 7.2% ▲ 90.9%
Algert Global LLC $137,902 46K 6.5% New
Morgan Stanley $91,648 30K 4.3% ▲ 61832.7%
Virtu Financial LLC $71,000 23K 3.4% New
Northern Trust Corp $61,992 21K 2.9% New
UBS Group AG $51,830 17K 2.5% ▲ 571966.7%
Royal Bank Of Canada $44,000 15K 2.1% ▼ 0.1%
Renaissance Technologies LLC $32,012 11K 1.5% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Xos, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $10,561 1 trade by 1 insider, last 12 months Insider sales History → $2.9M 44 trades by 7 insiders · 82% under pre-set plans
Net ▼ $2.9M net selling
Insider Date Trade Shares Price Value
Mattson George N Director September 21, 2026 Buy 4,062 $2.60 $10,561
Ostermann Dietmar Director September 17, 2026 Sell 4,738 $2.55 $12,082
Ostermann Dietmar Director September 16, 2026 Sell 262 $2.54 $665
Ostermann Dietmar Director September 4, 2026 Sell 5,000 $3.00 $15,000
Ostermann Dietmar Director September 2, 2026 Sell 10,000 $3.02 $30,200
Ostermann Dietmar Director August 20, 2026 Sell 10,000 $3.49 $34,900
Sordoni Giordano Chief Operating Officer August 20, 2026 Sell 49,370 $4.00 $197,480
Bernstein Stuart N. Director August 18, 2026 Sell 30,000 $4.19 $125,700
Ostermann Dietmar Director July 17, 2026 Sell pre-set plan 4,159 $2.15 $8,942
Richardson Michael Paul Director July 17, 2026 Sell pre-set plan 3,118 $2.15 $6,704
Yake Alice Director July 17, 2026 Sell pre-set plan 2,500 $2.15 $5,375
Ostermann Dietmar Director July 16, 2026 Sell pre-set plan 4,158 $2.16 $8,981

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 12, 2026 estimated from the company's past filing pattern, not announced

  • August 13, 2026
  • May 14, 2026
  • March 26, 2026
  • November 13, 2025
  • August 13, 2025
  • May 14, 2025

Recent SEC filings

Data status

When each part of this page on Xos, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Xos, Inc. in brief

What does Xos, Inc. do?
Xos, Inc. is a US-listed company in the automobile manufacturers industry. Its financial year ends in December.
What is Xos, Inc.'s stock ticker?
Xos, Inc. trades under the ticker XOS on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Xos, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Xos, Inc. reported revenue of $37.7M, 26.9% lower than a year earlier, according to its SEC filings.
What is Xos, Inc.'s free cash flow?
Xos, Inc.'s free-cash-flow margin is 3.2% of revenue over the trailing twelve months, ranking 9 of the 22 automobile manufacturers companies we cover.
Who are Xos, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Capital Management LLC, Geode Capital Management, LLC and Jane Street Group, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Xos, Inc.'s market cap?
On November 2, 2026, Xos, Inc.'s market capitalisation was about $30.5M and net debt of $2.9M. Market figures come from third-party market data and may be delayed.
Who are Xos, Inc.'s competitors?
In our Automobile Manufacturers peer group, the companies closest to Xos, Inc. are Ezgo Technologies Ltd., Fly-e Group, Inc., Kandi Technologies Group, Inc., Gogoro Inc. and Lotus Technology Inc. The side-by-side comparison below sets their revenue, margins and growth against Xos, Inc.'s.
Are insiders buying or selling Xos, Inc. stock?
Over the last 12 months, Xos, Inc.'s directors and officers reported 1 open-market purchases and 44 sales on Form 4. The insider trading page charts every trade.
When is Xos, Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Xos, Inc. announces its own schedule.