Xos (XOS) Operating Expenses (2020 - 2025)

Xos' Operating Expenses history runs 6 years deep, the most recent figure standing at $7.1 million for Q4 2025.

• On a quarterly basis, Operating Expenses fell 34.57% year-over-year to $7.1 million in Q4 2025; TTM through Dec 2025 was $35.8 million, a 28.15% decrease from a year earlier, with the FY2025 full-year figure at $35.8 million, down 28.15% from the prior year.
• Operating Expenses fell to $7.1 million in Q4 2025 per XOS's latest filing, from $9.5 million in the prior quarter.
• Across five years, Operating Expenses topped out at $23.0 million in Q4 2021 and bottomed at $5.7 million in Q1 2021.
• The 5-year median for Operating Expenses is $13.3 million (2023), against an average of $14.1 million.
• Across the five-year window, Operating Expenses soared 6286.44% in 2021 and sank 35.06% in 2025, its largest moves.
• Year by year, Operating Expenses stood at $23.0 million in 2021, then retreated by 22.04% to $17.9 million in 2022, then dropped by 26.69% to $13.2 million in 2023, then declined by 17.48% to $10.9 million in 2024, then slumped by 34.57% to $7.1 million in 2025.
• Per Business Quant, the three latest XOS Operating Expenses figures stand at $7.1 million (Q4 2025), $9.5 million (Q3 2025), and $8.7 million (Q2 2025).