Xos (XOS) EBITDA (2020 - 2025)

Xos' (XOS) quarterly EBITDA came in at -$9.7 million in Q4 2025, up 33.17% year-on-year from -$7.3 million in Q4 2024, and down 39.25% quarter-over-quarter from -$7.0 million in Q3 2025.

Xos (XOS) EBITDA (2020 - 2025) Analysis & Trends

Xos' EBITDA history runs 6 years deep, the most recent figure standing at -$9.7 million for Q4 2025.

  • On a quarterly basis, EBITDA rose 33.17% year-over-year to -$9.7 million in Q4 2025; TTM through Dec 2025 was -$33.1 million, a 27.88% increase from a year earlier, with the FY2025 full-year figure at -$33.1 million, up 27.88% from the prior year.
  • EBITDA declined to -$9.7 million in Q4 2025 per XOS's latest filing, from -$7.0 million in the prior quarter.
  • Across five years, EBITDA topped out at -$5.5 million in Q1 2021 and bottomed at -$31.1 million in Q3 2022.
  • The 5-year median for EBITDA is -$12.2 million (2023), against an average of -$15.4 million.
  • Across the five-year window, EBITDA plunged 407.7% in 2021 and jumped 59.46% in 2023, its largest moves.
  • Year by year, EBITDA stood at -$25.5 million in 2021, then dropped by 1.84% to -$25.9 million in 2022, then jumped by 54.37% to -$11.8 million in 2023, then dropped by 23.2% to -$14.6 million in 2024, then surged by 33.17% to -$9.7 million in 2025.
  • Per Business Quant, the three latest XOS EBITDA figures stand at -$9.7 million (Q4 2025), -$7.0 million (Q3 2025), and -$7.1 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Caterpillar 414.02 Bn 409.95 Bn 6.11 Bn 3.09 Bn
2 Deere 164.89 Bn 157.03 Bn 13.06 Bn 251.00 Mn
3 Paccar 68.81 Bn 67.93 Bn 1.36 Bn -4.29 Bn
4 CNH Industrial 13.19 Bn 11.63 Bn 1.22 Bn 520.00 Mn
5 Oshkosh 11.41 Bn 11.16 Bn 311.90 Mn 82.00 Mn
6 Agco 8.50 Bn 8.28 Bn 581.40 Mn 80.70 Mn
7 Terex 6.58 Bn 6.19 Bn 206.00 Mn -82.00 Mn
8 Greenpower Motor 3.53 Bn 3.53 Bn 1.26 Mn -5.24 Mn
9 Blue Bird 2.45 Bn 2.18 Bn 70.65 Mn 39.12 Mn
10 Xos 19.09 Mn 5.05 Mn -2.64 Mn -9.74 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -9.74 Mn
Sep 30, 2025 -6.99 Mn
Jun 30, 2025 -7.08 Mn
Mar 31, 2025 -9.27 Mn
Dec 31, 2024 -14.57 Mn
Sep 30, 2024 -9.69 Mn
Jun 30, 2024 -11.37 Mn
Mar 31, 2024 -10.24 Mn
Dec 31, 2023 -11.83 Mn
Sep 30, 2023 -12.63 Mn
Jun 30, 2023 -20.48 Mn
Mar 31, 2023 -20.03 Mn
Dec 31, 2022 -25.92 Mn
Sep 30, 2022 -31.14 Mn
Jun 30, 2022 -27.99 Mn
Mar 31, 2022 -26.30 Mn
Dec 31, 2021 -25.45 Mn
Sep 30, 2021 -14.31 Mn
Jun 30, 2021 -7.85 Mn
Mar 31, 2021 -5.54 Mn