Xos (XOSWW) Operating Income (2020 - 2025)

Xos (XOSWW) recorded quarterly Operating Income of -$9.7 million in Q4 2025, down 39.25% quarter-over-quarter from -$7.0 million in Q3 2025, and up 33.17% on a YoY basis from -$7.3 million in Q4 2024.

Xos (XOSWW) Operating Income (2020 - 2025) Analysis & Trends

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

  • In Q4 2025, Operating Income rose 33.17% year-over-year to -$9.7 million; the TTM figure through Dec 2025 stood at -$33.1 million (up 27.88% YoY), while the FY2025 annual figure was -$33.1 million, up 27.88% from the prior year.
  • Operating Income was -$9.7 million for Q4 2025 at Xos, down from -$7.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of -$5.5 million in Q1 2021 to a low of -$31.1 million in Q3 2022.
  • Historically, Operating Income has averaged -$15.4 million across 5 years, with a median of -$12.2 million in 2023.
  • The sharpest annual moves came in 2021 and 2023: Operating Income plunged 407.7% in 2021, then surged 59.46% in 2023.
  • A 5-year view of Operating Income shows it 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.
  • The last three Operating Income figures came in at -$9.7 million (Q4 2025), -$7.0 million (Q3 2025), and -$7.1 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Caterpillar 424.10 Bn 420.03 Bn 6.11 Bn 3.09 Bn
2 Deere 156.25 Bn 148.36 Bn 13.06 Bn 2.24 Bn
3 Paccar 63.14 Bn 62.45 Bn 1.36 Bn -4.29 Bn
4 Oshkosh 8.32 Bn 8.07 Bn 311.90 Mn 82.00 Mn
5 Terex 6.12 Bn 5.73 Bn 206.00 Mn -82.00 Mn
6 Blue Bird 2.24 Bn 1.97 Bn 70.65 Mn 39.12 Mn
7 Alamo 1.85 Bn 1.65 Bn 104.81 Mn 42.16 Mn
8 Lindsay 1.21 Bn 1.02 Bn 42.35 Mn 13.01 Mn
9 Astec Industries 1.18 Bn 1.11 Bn 99.10 Mn 9.00 Mn
10 Xos - - -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