Xos, Inc. balance sheet

At the end of fiscal 2025, Xos, Inc. had total assets of $60.4m, total liabilities of $36.4m and shareholders' equity of $24.0m. It held $14.0m in cash against $19.5m of debt: net debt of $5.4m.

Balance sheet

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

Xos, Inc.: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	10	16	36	12	11	14	13
Receivables	0	3	8	15	27	6	4
Inventory	2	31	58	38	37	25	24
Total current assets	13	166	163	72	82	50	45
Total assets	14	229	190	94	98	60	54
Accounts payable	1	10	3	3	9	2	1
Deferred revenue (current)	1	1	0	1	0	0	0
Total current liabilities	33	16	46	20	47	23	22
Short-term debt	—	0	2	1	1	1	1
Long-term debt	—	2	1	1	0	0	—
Total debt	18	2	49	21	21	19	16
Total liabilities	33	54	78	48	65	36	32
Shareholders' equity	−27	174	112	45	34	24	23
Non-controlling interests and other (assets − liabilities − equity)	8	—	—	—	—	—	—
Net debt (negative = net cash)	8	−15	13	9	10	5	3
Shares outstanding	—	—	6m	6m	8m	11m	—

US$ millions unless shown otherwise. Fiscal quarters.

Xos, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	36	27	22	18	15	6	7	4
Inventory	42	37	38	31	25	25	24	24
Total current assets	98	82	73	67	63	50	45	45
Total assets	121	98	88	80	74	60	54	54
Accounts payable	9	9	7	5	5	2	2	1
Deferred revenue (current)	1	0	0	0	0	0	0	0
Total current liabilities	50	47	45	30	26	23	24	22
Short-term debt	2	1	1	1	2	1	0	1
Long-term debt	0	0	0	0	0	0	—	—
Total debt	2	2	1	1	2	1	0	1
Total liabilities	70	65	63	62	43	36	35	32
Shareholders' equity	51	34	25	19	31	24	21	23
Shares outstanding	8m	8m	8m	8m	11m	11m	12m	14m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Xos, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Xos, Inc.