undamentalytics Newsletter

Xos, Inc. revenue

Xos, Inc.'s revenue was $46.0m in fiscal 2025, down 17.8% on the year before. Since fiscal 2020 ($2.6m) it has grown at a compound 77.1% a year. Over the last twelve months it was $37.7m.

Revenue history

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

Xos, Inc.: revenue history, annual
Fiscal year2020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue353645564638
Growth on the year before—+91.1%+620.6%+22.4%+25.7%−17.8%—
Gross profit0−2−30−1435
Gross margin11.4%−46.8%−82.6%−2.9%7.1%5.9%12.7%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

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 (part of Products) $35.8M 79.5% ▼ 16.3%
Powertrains and Hubs (part of Products) $7.2M 15.9% ▼ 18.0%
Manufactured Product Other (part of Products) $1.7M 3.8% ▼ 4.4%
Powertrain Engineering Services (part of Products) $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.

Revenue against peers

Automobile Manufacturers: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Xos, Inc. $37.7m -26.9% —
Ezgo Technologies Ltd. $20.5m 12.4% —
Fly-e Group, Inc. $16.5m -28.0% —
Kandi Technologies Group, Inc. $87.4m -31.5% —
Gogoro Inc. $281m -9.4% —
Lotus Technology Inc. $519m -43.8% —

Compare with peers

Head to head: EZGO vs XOSFLYE vs XOSKNDI vs XOS

More: Automobile Manufacturers stocks compared, Consumer Discretionary sector, rankings of US companies

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.