Xos Inc
NASDAQ:XOS
Xos Inc
Xos, Inc. is an electric mobility company engages in manufacturing electric trucks. The company is headquartered in Los Angeles, California and currently employs 289 full-time employees. The company went IPO on 2020-07-10. The firm is engaged in designing and developing electric battery mobility systems for commercial fleets. The company is focused on medium- and heavy-duty commercial vehicles that travel on last mile routes. The firm leverages its technologies to provide commercial fleets zero emission vehicles. Its Xos Energy Solutions (XES) is offering a suite of charging infrastructure and services. Its XES offers services, which includes Xos Hub and Xos Serve. Its Xos Hub offers mobile charging station and Xos Serve offers on-demand infrastructure-as-a-service platform. Its X-Platform 1 is designed to accommodate a variety of medium-duty bodies, wheelbases and range requirements up to 200 miles. Its Fleet-as-a-Service package offers its customers a suite of commercial products and services to facilitate electric fleet operations and change their traditional combustion-engine fleets to battery-electric vehicles.
Xos, Inc. is an electric mobility company engages in manufacturing electric trucks. The company is headquartered in Los Angeles, California and currently employs 289 full-time employees. The company went IPO on 2020-07-10. The firm is engaged in designing and developing electric battery mobility systems for commercial fleets. The company is focused on medium- and heavy-duty commercial vehicles that travel on last mile routes. The firm leverages its technologies to provide commercial fleets zero emission vehicles. Its Xos Energy Solutions (XES) is offering a suite of charging infrastructure and services. Its XES offers services, which includes Xos Hub and Xos Serve. Its Xos Hub offers mobile charging station and Xos Serve offers on-demand infrastructure-as-a-service platform. Its X-Platform 1 is designed to accommodate a variety of medium-duty bodies, wheelbases and range requirements up to 200 miles. Its Fleet-as-a-Service package offers its customers a suite of commercial products and services to facilitate electric fleet operations and change their traditional combustion-engine fleets to battery-electric vehicles.
Record Deliveries: Xos set a new company record in Q3 2025 by shipping 130 vehicles and delivering $16.5 million in revenue, with an additional 10 vehicles shipped whose revenue will be recognized next quarter.
Gross Margin Improvement: Gross margin rose to 15.3%, up from 8.8% last quarter, reflecting product mix enhancements and tariff adjustments.
Reduced Operating Loss: Operating loss hit a record low since going public at $7 million, improving from both the previous quarter and prior year.
Positive Free Cash Flow: Xos generated $3.1 million in free cash flow in Q3, marking its third positive quarter since going public.
Balance Sheet Strengthened: Cash and cash equivalents rose to $14.1 million, aided by an ATM program and inventory reduction; a facility lease termination is expected to save $20.7 million through 2033.
Guidance Reaffirmed: Xos confirmed full-year 2025 guidance for revenue, unit deliveries, and non-GAAP operating loss.
Growth in New Segments: Powertrain deliveries to Blue Bird and strong demand for the Xos Hub mobile charging platform signal expansion into higher-margin business lines.
Margin Outlook: Management expects further margin improvement in 2026 as the business mix shifts toward higher-margin products and tariff impacts are mitigated.
