Consumer Cyclical · Auto - Manufacturers
Price
$2.92
Market Cap
$29.8M
Employees
101
Beta
1.82
Avg Volume
2,820,991
CEO
Dakota Semler
Business Description
Xos, Inc. designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks, as well as engages in the Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, medical and dental clinics, blood donation vehicles, and mobile command vehicles. In addition, the company offers energy solutions, a comprehensive charging infrastructure business that offers mobile and stationary multi-application chargers, mobile energy storage, and turnkey energy infrastructure services to accelerate client transitions to electric fleets; Xos Hub, a rapid-deployment mobile charger designed to expedite fleet transitions to electric vehicles; and Xosphere, a platform that interconnects vehicle, maintenance, charging, and service data to improve overall customer experience. Further, it offers, X-Platform, a high-voltage architecture with a focus on the medium-duty commercial vehicle segment and commercial fleet operations, and foundation of Xos vehicle products; and vehicle control software, which include powertrain controls, body controls, and instrument cluster and infotainment and Xosphere software. Xos, Inc. was founded in 2016 and is headquartered in Los Angeles, California.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-1.08
Stock Price: $2.92
EPS (Diluted): -2.71
EPS (Diluted): -2.71
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.73
Stock Price: $2.92
Total Equity: $23.29M
Shares: 9,360,000
Total Equity: $23.29M
Shares: 9,360,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-1.16
Market Cap: $29.83M
Total Debt: $21.59M
Cash: $14.04M
EBITDA: -$21.46M
Total Debt: $21.59M
Cash: $14.04M
EBITDA: -$21.46M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$24.9M
Market Cap: $29.83M
Total Debt: $21.59M
Cash: $14.04M
Total Debt: $21.59M
Cash: $14.04M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.37
Stock Price: $2.92
Revenue: $45.99M
Shares: 9,360,000
Revenue: $45.99M
Shares: 9,360,000
EV/Sales (Total value vs revenue — works when P/E can't)
API0.54
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
5.9%
Gross Profit: $2.72M
Revenue: $45.99M
Revenue: $45.99M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-71.9%
Operating Income: -$33.08M
Revenue: $45.99M
Revenue: $45.99M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-55.1%
Net Income: -$25.32M
Revenue: $45.99M
Revenue: $45.99M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
-108.7%
Net Income: -$25.32M
Total Equity: $23.29M
Total Equity: $23.29M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
-107.4%
Operating Income: -$33.08M
Tax Rate: -0.1%
Equity: $23.29M
Total Debt: $21.59M
Cash: $14.04M
Tax Rate: -0.1%
Equity: $23.29M
Total Debt: $21.59M
Cash: $14.04M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
2.11
Current Assets: $49.88M
Current Liabilities: $23.66M
Current Liabilities: $23.66M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.93
Short-Term Debt: $9.59M
Long-Term Debt: $12.00M
Total Debt: $21.59M
Total Equity: $23.29M
Long-Term Debt: $12.00M
Total Debt: $21.59M
Total Equity: $23.29M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$4.91
Revenue: $45.99M
Shares: 9,360,000
Shares: 9,360,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$2.49
Total Equity: $23.29M
Shares: 9,360,000
Shares: 9,360,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.57
Operating CF: $5.37M
CapEx: $0.00
Shares: 9,360,000
CapEx: $0.00
Shares: 9,360,000
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $2.92
Stock Price: $2.92
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$25.32M
Net Income: -$25.32M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares XOS against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 1:44am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5.0M | $36.4M | $44.5M | $56.0M | $46.0M |
| Cost of Revenue | $7.4M | $66.4M | $45.8M | $52.0M | $43.3M |
| Gross Profit | -$2.4M | -$30.0M | -$1.3M | $4.0M | $2.7M |
| Operating Expenses | $50.8M | $81.3M | $63.7M | $49.8M | $35.8M |
| Operating Income | -$53.2M | -$111.3M | -$65.0M | -$45.9M | -$33.1M |
| Net Income | $23.4M | -$73.3M | -$75.8M | -$50.2M | -$25.3M |
| EBITDA | $24.1M | -$65.2M | -$61.8M | -$44.8M | -$21.5M |
| EPS | $6.65 | $-13.32 | $-13.11 | $-6.69 | $-2.71 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 1:44am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $16.1M | $35.6M | $11.6M | $11.0M | $14.0M |
| Total Current Assets | $166.0M | $163.2M | $71.7M | $82.3M | $49.9M |
| Total Assets | $228.7M | $189.9M | $93.7M | $98.3M | $60.4M |
| Current Liabilities | $16.0M | $45.8M | $19.6M | $46.7M | $23.7M |
| Long-Term Debt | $1.6M | $20.8M | $20.5M | $224,000 | $12.0M |
| Total Liabilities | $54.3M | $77.9M | $48.5M | $64.7M | $37.1M |
| Total Equity | $174.4M | $112.1M | $45.2M | $33.6M | $23.3M |
| Retained Earnings | -$4.1M | -$77.4M | -$153.3M | -$203.4M | -$228.7M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 1:44am (3d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$88.9M | -$128.0M | -$39.3M | -$48.8M | $5.4M |
| Capital Expenditure | -$4.9M | -$14.1M | -$1.4M | $-304,000 | $0 |
| Free Cash Flow | -$93.8M | -$142.1M | -$40.7M | -$49.1M | $5.4M |
| Acquisitions (net) | $0 | $0 | $0 | $51.4M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $8.8M | $19.5M | -$27.0M | $-644,000 | $3.0M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 1:22pm (19h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$47.1M $45.0M – $49.1M
|
$54.3M $53.2M – $55.4M
|
$78.2M $76.6M – $79.8M
|
$81.8M $80.2M – $83.5M
|
| EBITDA |
-$21.3M -$22.2M – -$20.4M
|
-$24.6M -$25.1M – -$24.1M
|
-$35.5M -$36.2M – -$34.7M
|
-$37.1M -$37.8M – -$36.3M
|
| Net Income |
-$21.4M -$23.4M – -$19.5M
|
-$20.1M -$20.6M – -$19.6M
|
-$17.9M -$18.3M – -$17.4M
|
$0 |
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 1:44am (3d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +620.6% | +22.4% | +25.7% | -17.8% |
| Gross Profit Growth | -1,171.3% | +95.7% | +407.4% | -31.3% |
| Operating Income Growth | -109.5% | +41.7% | +29.4% | +27.9% |
| Net Income Growth | -413.3% | -3.4% | +33.9% | +49.5% |
| EBITDA Growth | -369.9% | +5.1% | +27.6% | +52.1% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for XOS — it's generated by the pipeline (
market-narrative step).
No community reviews yet for XOS.
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30