Xos (XOS) Cost of Revenue (2020 - 2025)

Xos' Cost of Revenue history runs 6 years deep, the most recent figure standing at $40.9 million for Q4 2025.

• In Q4 2025, Cost of Revenue rose 169.5% year-over-year to $40.9 million; the TTM figure through Dec 2025 stood at $59.3 million (up 221.56% YoY), while the FY2025 annual figure was $43.3 million, down 16.79% from the prior year.
• Cost of Revenue was $40.9 million for Q4 2025 at Xos, up from $968000.0 in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $40.9 million in Q4 2025 to a low of $418000.0 in Q3 2021.
• Historically, Cost of Revenue has averaged $9.2 million across 5 years, with a median of $2.4 million in 2021.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue surged 5105.5% in 2022, then tumbled 92.89% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $5.7 million in 2021, then tumbled by 71.12% to $1.7 million in 2022, then soared by 2357.73% to $40.7 million in 2023, then sank by 62.68% to $15.2 million in 2024, then soared by 169.5% to $40.9 million in 2025.
• The last three Cost of Revenue figures came in at $40.9 million (Q4 2025), $968000.0 (Q3 2025), and $16.8 million (Q2 2025), per Business Quant data.