Xos (XOSWW) Operating Expenses (2020 - 2025)

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

• In Q4 2025, Operating Expenses fell 34.57% year-over-year to $7.1 million; the TTM figure through Dec 2025 stood at $35.8 million (down 28.15% YoY), while the FY2025 annual figure was $35.8 million, down 28.15% from the prior year.
• Operating Expenses was $7.1 million for Q4 2025 at Xos, down from $9.5 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $23.0 million in Q4 2021 to a low of $5.7 million in Q1 2021.
• Historically, Operating Expenses has averaged $14.1 million across 5 years, with a median of $13.3 million in 2023.
• The sharpest annual moves came in 2021 and 2025: Operating Expenses jumped 6286.44% in 2021, then sank 35.06% in 2025.
• A 5-year view of Operating Expenses shows it 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 plunged by 34.57% to $7.1 million in 2025.
• The last three Operating Expenses figures came in at $7.1 million (Q4 2025), $9.5 million (Q3 2025), and $8.7 million (Q2 2025), per Business Quant data.