XOSNasdaqMotor Vehicle Parts & AccessoriesFiscal year ends December 31
Xos, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$2.91+0.10 (+3.56%)
Close on Oct 19, 2026
- Market cap
- $36.64M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
5.9%−5.4 pts over 5 years
Operating margin
-71.9%+377.6 pts over 5 years
Net margin
-55.1%+576.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -17.8% | +8.1% | +77.1% | – | |
| Gross profit | -31.3% | – | +55.5% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 88.3% | -87.2% | |
| Return on assets | – | – | -31.9% | |
| Current ratio | – | 0.39 | 2.17 | |
| Debt to equity | – | – | 0.04 | |
| Inventory turnover | – | – | 1.4× | |
| Capex to revenue | – | 15.4% | 0.0% | |
| Diluted shares | – | 2M | 9M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Xos generated $310.34M from operations and spent $20.72M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$310.34M
Used
$20.72M
Capital expenditure$20.72M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-55.1%
×Asset turnover0.58×
×Equity multiplier2.73×
=Return on equity, FY2025-87.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -55.1% | 0.58× | 2.73× | -87.2% |
| FY2024 | -89.6% | 0.58× | 2.42× | -126.5% |
| FY2023 | -170.3% | 0.31× | 1.80× | -96.4% |
| FY2022 | -201.6% | 0.17× | 1.46× | -51.2% |
| FY2021 | 463.6% | 0.04× | 1.65× | 31.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$25.32M
- Cash generatingOperating cash flow above zero$5.40M
- Return on assets improvedROA up on the prior year-53.5% → -25.7%
- Earnings backed by cashOperating cash flow above net income$5.40M vs -$25.32M
- Less leverageLong-term debt to assets fell0.2% → 0.0%
- Better liquidityCurrent ratio rose1.76 → 2.17
- No dilutionShare count did not rise8M → 9M
- Gross margin improvedGross margin up on the prior year7.09% → 5.92%
- More efficientAsset turnover rose0.60 → 0.47