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
DateValue
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