Xos (XOS) Research & Development (2020 - 2026)
Xos (XOS) posted Research & Development of $1.9 million for Q2 2026, down 9.0% from $2.09 million a year earlier.
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Analysis
Xos (XOS) Research & Development (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Xos was $7.97 million, down 7.0% year-over-year; for FY2025, it was $8 million, down 24.7% from FY2024.
- Annual Research & Development has declined for three consecutive years, though with a five-year compound annual growth rate of 2.7% (FY2020 to FY2025).
- In prior years, Xos' Research & Development was $10.63 million in FY2024 (-45.8%), $19.59 million in FY2023 (-36.1%), $30.68 million in FY2022 (+52.8%) and $20.08 million in FY2021 (+186.2%).
- Quarterly Research & Development has run from a low of $1.88 million in Q4 2025 to a high of $8.57 million in Q3 2022 over five years.
- The strongest year-over-year quarter for Research & Development in the past five years was Q3 2021, with growth of 946.2%; the weakest was Q4 2024, with a decline of 53.3%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 616.00 Mn |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | - |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 567.00 Mn |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 227.00 Mn |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | - |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | - |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | - |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 302.00 Mn |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | - |
| 10 | Xos | 44.98 Mn | -5.19 Mn | 573,000.00 | 1.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.90 Mn |
| Dec 31, 2025 | 1.88 Mn |
| Sep 30, 2025 | 2.10 Mn |
| Jun 30, 2025 | 2.09 Mn |
| Mar 31, 2025 | 1.93 Mn |
| Dec 31, 2024 | 1.94 Mn |
| Sep 30, 2024 | 2.62 Mn |
| Jun 30, 2024 | 3.00 Mn |
| Mar 31, 2024 | 3.07 Mn |
| Dec 31, 2023 | 4.14 Mn |
| Sep 30, 2023 | 4.52 Mn |
| Jun 30, 2023 | 5.18 Mn |
| Mar 31, 2023 | 5.75 Mn |
| Dec 31, 2022 | 6.19 Mn |
| Sep 30, 2022 | 8.57 Mn |
| Jun 30, 2022 | 7.64 Mn |
| Mar 31, 2022 | 6.95 Mn |
| Dec 31, 2021 | 4.32 Mn |
| Sep 30, 2021 | 7.61 Mn |
| Jun 30, 2021 | 4.60 Mn |
API Access
Xos Research & Development 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=research-and-development&ticker=XOS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=XOS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();