NASDAQ$XOS
XOS Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Xos delivered a record 135 units and achieved its highest-ever quarterly revenue of $18.4 million while significantly reducing its operating loss.
Xos reached new milestones in Q2 2025, posting record revenue and unit deliveries. The company achieved positive free cash flow of $4.6 million, reduced its operating loss to the lowest level since going public, and improved cost efficiency. Despite gross margin pressure, Xos continued executing its fleet-first strategy and strengthened its position in the electric vehicle market.
- Delivered a record 135 units, the highest in company history.
- Revenue reached $18.4 million, up from $15.5 million in Q2 2024.
- Operating loss narrowed to $7.1 million, lowest since becoming public.
- Achieved positive free cash flow of $4.6 million for the quarter.
Headline financials
Revenue & EPS history
XOS Inc · Revenue · Quarterly
$18.4M
Revenue by segment
XOS Inc · $11.2M total across 4 segments · Q1 2026
- Powertrains & Hubs$9.12M—81.2%
- Stepvans & Vehicle Incentives$1.62M—14.4%
- Other Product Revenue$292K—2.6%
- Ancillary Revenue$197K—1.8%
Forward guidance
Xos maintained its 2025 outlook for revenue and deliveries, adjusting non-GAAP operating loss projections due to expected tariffs and product mix changes.
Tailwinds
- Revenue guidance reaffirmed at $50.2M to $65.8M for FY 2025.
- Expected unit deliveries remain in the range of 320 to 420 units.
- Company continues to post positive free cash flow.
- Diversified growth in powertrain and mobile charging segments.
- Operational efficiency improved with cost reductions and lean execution.
Headwinds
- Gross margin decreased to 8.8% from 20.6% in Q1 2025.
- Tariff-related costs expected to impact second half of 2025.
- Non-GAAP operating loss guidance increased to $26.9M–$24.4M.
- Product mix contributed to unfavorable margin shift.
- Inventory adjustments negatively affected gross profit.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2025
-1.0%
Avg return
Earnings day
-2.8%
Avg return
5 days after
-14.6%
Avg return
30 days after
32%
7 / 22 earnings
Positive
+35.1%
Q3 2023
Best reaction
-13.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.0% | +0.5% | — | |
| Q4 2025 | -4.2% | -14.1% | -16.1% | |
| Q3 2025 | -4.0% | -13.5% | -7.9% | |
| Q2 2025 | +10.4% | -11.5% | -31.2% | |
| Q1 2025 | -7.9% | -7.4% | -18.3% | |
| Q4 2024 | -12.5% | -10.2% | +11.6% | |
| Q3 2024 | -13.4% | -20.2% | -30.0% | |
| Q2 2024 | -0.8% | +3.9% | -8.7% | |
| Q1 2024 | +11.9% | +3.4% | -7.3% | |
| Q4 2023 | -2.3% | -1.7% | -36.1% | |
| Q3 2023 | +35.1% | +73.0% | -16.9% | |
| Q2 2023 | -9.8% | -19.5% | -26.3% | |
| Q1 2023 | +5.8% | -5.0% | -19.4% | |
| Q4 2022 | -0.5% | +12.0% | -0.4% | |
| Q3 2022 | +1.0% | -11.3% | -37.9% | |
| Q2 2022 | -7.2% | -5.8% | -23.6% | |
| Q1 2022 | -9.9% | -22.6% | +5.8% | |
| Q2 2021 | -5.7% | -3.2% | -5.0% | |
| Q4 2021 | -0.9% | +0.9% | -9.1% | |
| Q3 2021 | -6.0% | -8.5% | -31.2% | |
| Q1 2021 | +0.2% | +0.2% | +1.2% | |
| Q4 2020 | +0.6% | -0.3% | -0.3% | |
| Q3 2020 | — | — | — |
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