Growth & profitability
- Revenue has grown 77.1% per year over the past 5 years.
- Operating margin has expanded, at -71.9% in the latest year.
XOS Financials Xos, Inc.
6 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $46M | -$25 | 5.9% | -71.9% | $5M | — | $14M |
| 2024 | $56M | -$50 | 7.1% | -82.0% | -$49M | — | $11M |
| 2023 | $45M | -$76M | -2.9% | -145.9% | -$41M | — | $12M |
| 2022 | $36M | -$73M | -82.6% | -306.1% | -$142M | — | $36M |
| 2021 | $5M | $23M | -46.8% | -1053.0% | -$94M | — | $16M |
| 2020 | $3M | -$17M | 11.4% | -449.5% | -$13M | — | $10M |
RevenueNet income
GrossOperatingNet
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $11M | -$5M | 38.6% | -41.7% | -$2M | — | $10M |
| Dec '25 | $5M | -$10M | -50.5% | -186.6% | $2M | — | $14M |
| Sep '25 | $17M | $2M | 15.3% | -42.4% | $3M | — | $14M |
| Jun '25 | $18M | -$8M | 8.8% | -38.5% | $5M | — | $9M |
| Mar '25 | $6M | -$10M | 20.6% | -157.7% | -$5M | — | $5M |
| Dec '24 | $11M | -$19M | -32.4% | -127.0% | $3M | — | $11M |
| Sep '24 | $16M | -$11M | 18.1% | -61.4% | -$12M | — | $8M |
| Jun '24 | $16M | -$10M | 13.1% | -73.2% | -$26M | — | $20M |
| Mar '24 | $13M | -$11M | 21.2% | -77.8% | -$15M | — | $46M |
| Dec '23 | $18M | -$14M | 7.2% | -64.4% | -$866000 | — | $12M |
| Sep '23 | $17M | -$14M | 11.9% | -75.6% | -$8M | — | $23M |
| Jun '23 | $5M | -$24M | -78.4% | -430.9% | -$16M | — | $28M |
| Mar '23 | $5M | -$24M | -18.7% | -426.4% | -$16M | — | $36M |
| Dec '22 | $9M | -$20M | -93.0% | -302.4% | -$25M | — | $36M |
| Sep '22 | $11M | -$20M | -97.7% | -282.9% | -$32M | — | $46M |
| Jun '22 | $10M | -$10M | -54.3% | -286.6% | -$51M | — | $4M |
| Mar '22 | $7M | -$24M | -85.3% | -374.0% | -$34M | — | $12M |
| Dec '21 | $3M | $11M | -73.7% | -770.8% | -$37M | — | $16M |
| Sep '21 | $357000 | $35M | -17.1% | -4007.3% | -$36M | — | $207M |
| Jun '21 | $596000 | -$9M | 1.8% | -1317.8% | -$12M | — | $24M |
Valuation over time
How the market has priced XOS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has risen from 0.2× (Mar '23) to 0.8× (Jun '26).
P/S
Frequently asked questions
Is XOS growing its revenue and profit?
Over the past 5 years, Xos, Inc.'s revenue has grown 77.1% per year. These are computed facts, not advice.
How much debt does XOS have?
As of FY2025, Xos, Inc. reported — of total debt against $14M of cash.
What is XOS's profit margin?
In FY2025, gross margin was 5.9%, operating margin -71.9%, and net margin -0.0%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.