Xos (XOS) Operating Expenses (2020 - 2026)
Xos (XOS) recorded Operating Expenses of $8.52 million in Q2 2026, down 2.1% from $8.7 million a year earlier.
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Analysis
Xos (XOS) Operating Expenses (2020 - 2026) Analysis & Trends
On a TTM basis, Xos' Operating Expenses came in at $33.85 million as of Jun 30, 2026, down 20.5% year-over-year; for FY2025, it was $35.81 million, down 28.2% from FY2024.
- Annual Operating Expenses has declined for three straight years, though with a five-year compound annual growth rate of 24.1% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $49.84 million in FY2024 (-21.7%), $63.68 million in FY2023 (-21.7%), $81.32 million in FY2022 (+60.1%) and $50.79 million in FY2021 (+317.3%).
- Quarterly Operating Expenses has ranged from $7.1 million in Q4 2025 to $23.02 million in Q4 2021 over the past five years.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 366.1% in Q3 2021, against a decline of 35.1% in Q2 2025 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 16.25 Bn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 963.40 Mn |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 10.73 Bn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 1.46 Bn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 874.00 Mn |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 490.50 Mn |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 1.34 Bn |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 5.52 Bn |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | - |
| 10 | Xos | 44.98 Mn | -5.19 Mn | 573,000.00 | 8.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.52 Mn |
| Dec 31, 2025 | 7.10 Mn |
| Sep 30, 2025 | 9.53 Mn |
| Jun 30, 2025 | 8.70 Mn |
| Mar 31, 2025 | 10.48 Mn |
| Dec 31, 2024 | 10.86 Mn |
| Sep 30, 2024 | 12.56 Mn |
| Jun 30, 2024 | 13.40 Mn |
| Mar 31, 2024 | 13.03 Mn |
| Dec 31, 2023 | 13.16 Mn |
| Sep 30, 2023 | 14.61 Mn |
| Jun 30, 2023 | 16.76 Mn |
| Mar 31, 2023 | 19.15 Mn |
| Dec 31, 2022 | 17.94 Mn |
| Sep 30, 2022 | 20.39 Mn |
| Jun 30, 2022 | 22.69 Mn |
| Mar 31, 2022 | 20.30 Mn |
| Dec 31, 2021 | 23.02 Mn |
| Sep 30, 2021 | 14.25 Mn |
| Jun 30, 2021 | 7.87 Mn |
API Access
Xos Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=XOS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "XOS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=XOS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();