Xos (XOS) Cost of Revenue (2020 - 2025)
Xos' (XOS) quarterly Cost of Revenue came in at $7.9 million in Q4 2025, down 48.28% year-on-year from $15.2 million in Q4 2024, and down 43.75% quarter-over-quarter from $14.0 million in Q3 2025.
Xos (XOS) Cost of Revenue (2020 - 2025) Analysis & Trends
Xos' Cost of Revenue history runs 6 years deep, the most recent figure standing at $7.9 million for Q4 2025.
- On a quarterly basis, Cost of Revenue fell 48.28% year-over-year to $7.9 million in Q4 2025; TTM through Dec 2025 was $43.3 million, a 16.79% decrease from a year earlier, with the FY2025 full-year figure at $43.3 million, down 16.79% from the prior year.
- Cost of Revenue declined to $7.9 million in Q4 2025 per XOS's latest filing, from $14.0 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $21.8 million in Q3 2022 and bottomed at $418000.0 in Q3 2021.
- The 5-year median for Cost of Revenue is $13.0 million (2022), against an average of $10.7 million.
- Across the five-year window, Cost of Revenue sank 64.0% in 2021 and jumped 5105.5% in 2022, its largest moves.
- Year by year, Cost of Revenue stood at $5.7 million in 2021, then surged by 188.51% to $16.5 million in 2022, then grew by 3.04% to $17.0 million in 2023, then decreased by 10.9% to $15.2 million in 2024, then tumbled by 48.28% to $7.9 million in 2025.
- Per Business Quant, the three latest XOS Cost of Revenue figures stand at $7.9 million (Q4 2025), $14.0 million (Q3 2025), and $16.8 million (Q2 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Greenpower Motor | 1,097.89 Bn | 1,097.89 Bn | 1.26 Mn | 2.59 Mn |
| 2 | Caterpillar | 404.21 Bn | 400.13 Bn | 6.11 Bn | 11.31 Bn |
| 3 | Deere | 168.70 Bn | 160.79 Bn | 13.06 Bn | 306.00 Mn |
| 4 | Paccar | 70.10 Bn | 69.22 Bn | 1.36 Bn | 5.42 Bn |
| 5 | CNH Industrial | 13.78 Bn | 12.17 Bn | 1.22 Bn | 2.61 Bn |
| 6 | Oshkosh | 9.70 Bn | 9.45 Bn | 311.90 Mn | 2.01 Bn |
| 7 | Agco | 8.70 Bn | 8.18 Bn | 581.40 Mn | 1.76 Bn |
| 8 | Terex | 6.66 Bn | 6.27 Bn | 206.00 Mn | 1.53 Bn |
| 9 | Blue Bird | 2.40 Bn | 2.12 Bn | 70.65 Mn | 281.99 Mn |
| 10 | Xos | 19.42 Mn | 5.38 Mn | -2.64 Mn | 7.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 7.86 Mn |
| Dec 31, 2025 | 7.86 Mn |
| Sep 30, 2025 | 13.97 Mn |
| Sep 30, 2025 | 13.97 Mn |
| Jun 30, 2025 | 16.77 Mn |
| Jun 30, 2025 | 16.77 Mn |
| Mar 31, 2025 | 4.67 Mn |
| Mar 31, 2025 | 4.67 Mn |
| Dec 31, 2024 | 15.19 Mn |
| Dec 31, 2024 | 15.19 Mn |
| Sep 30, 2024 | 12.93 Mn |
| Sep 30, 2024 | 12.93 Mn |
| Jun 30, 2024 | 13.51 Mn |
| Jun 30, 2024 | 13.51 Mn |
| Mar 31, 2024 | 10.37 Mn |
| Mar 31, 2024 | 10.37 Mn |
| Dec 31, 2023 | 17.05 Mn |
| Dec 31, 2023 | 17.05 Mn |
| Sep 30, 2023 | 14.71 Mn |
| Sep 30, 2023 | 14.71 Mn |