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
DateValue
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