Xos (XOSWW) Research & Development (2020 - 2025)
Xos (XOSWW) recorded quarterly Research & Development of $1.9 million in Q4 2025, down 10.42% quarter-over-quarter from $2.1 million in Q3 2025, and down 2.79% on a YoY basis from $1.9 million in Q4 2024.
Xos (XOSWW) Research & Development (2020 - 2025) Analysis & Trends
Xos' Research & Development history runs 6 years deep, the most recent figure standing at $1.9 million for Q4 2025.
- In Q4 2025, Research & Development fell 2.79% year-over-year to $1.9 million; the TTM figure through Dec 2025 stood at $8.0 million (down 24.72% YoY), while the FY2025 annual figure was $8.0 million, down 24.72% from the prior year.
- Research & Development was $1.9 million for Q4 2025 at Xos, down from $2.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $8.6 million in Q3 2022 to a low of $1.9 million in Q4 2025.
- Historically, Research & Development has averaged $4.3 million across 5 years, with a median of $4.2 million in 2021.
- The sharpest annual moves came in 2021 and 2024: Research & Development surged 946.22% in 2021, then plunged 53.27% in 2024.
- A 5-year view of Research & Development shows it stood at $4.3 million in 2021, then surged by 43.16% to $6.2 million in 2022, then sank by 33.03% to $4.1 million in 2023, then slumped by 53.27% to $1.9 million in 2024, then slipped by 2.79% to $1.9 million in 2025.
- The last three Research & Development figures came in at $1.9 million (Q4 2025), $2.1 million (Q3 2025), and $2.1 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 424.10 Bn | 420.03 Bn | 6.11 Bn | 537.00 Mn |
| 2 | Deere | 156.25 Bn | 148.36 Bn | 13.06 Bn | 583.00 Mn |
| 3 | Paccar | 63.14 Bn | 62.45 Bn | 1.36 Bn | 109.10 Mn |
| 4 | Oshkosh | 8.32 Bn | 8.07 Bn | 311.90 Mn | - |
| 5 | Terex | 6.12 Bn | 5.73 Bn | 206.00 Mn | - |
| 6 | Blue Bird | 2.24 Bn | 1.97 Bn | 70.65 Mn | - |
| 7 | Alamo | 1.85 Bn | 1.65 Bn | 104.81 Mn | - |
| 8 | Lindsay | 1.21 Bn | 1.02 Bn | 42.35 Mn | 4.08 Mn |
| 9 | Astec Industries | 1.18 Bn | 1.11 Bn | 99.10 Mn | - |
| 10 | Xos | - | - | -2.64 Mn | 1.88 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 2.35 Mn |