Xos reported revenue of $4.74M and net income of -$6.89M for the quarter ended Jun 2026, down 19.4% year over year. This income statement covers 23 quarters of results from Sep 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||
| Revenue | 0.60M | 0.36M | 3.30M | 7.03M | 9.77M | 11.01M | 8.57M | 4.70M | 4.75M | 16.70M | 18.38M | 13.16M | 15.54M | 15.79M | 11.47M | 5.88M | 18.39M | 16.50M | 5.22M | 4.74M | |||
| Cost of RevenueCost of Rev | 0.58M | 0.42M | 5.74M | 13.03M | 15.07M | 21.76M | 16.55M | 5.57M | 8.48M | 14.71M | 17.05M | 10.37M | 13.51M | 12.93M | 15.19M | 4.67M | 16.76M | 13.97M | 7.86M | 4.17M | |||
| Gross Profit | 0.01M | -0.06M | -2.43M | -6.00M | -5.30M | -10.75M | -7.97M | -0.88M | -3.73M | 1.99M | 1.33M | 2.79M | 2.03M | 2.86M | -3.72M | 1.21M | 1.64M | 2.53M | -2.64M | 0.57M | |||
| Operating items | |||||||||||||||||||||||
| Depreciation & Amortization - TotalDep. & Amort. (Tot) | 0.25M | 0.60M | 0.50M | ||||||||||||||||||||
| Research & DevelopmentR&D | 4.60M | 7.61M | 4.32M | 6.95M | 7.63M | 8.57M | 6.19M | 5.75M | 5.18M | 4.52M | 4.14M | 3.07M | 3.00M | 2.62M | 1.94M | 1.93M | 2.09M | 2.10M | 1.88M | 1.90M | |||
| Selling, General & AdministrativeSG&A | 0.52M | 1.34M | 25.02M | 11.32M | 12.09M | 9.47M | 10.10M | 11.60M | 9.82M | 8.55M | 7.74M | 8.96M | 9.18M | 8.90M | 8.05M | 7.90M | 5.91M | 6.46M | 4.54M | 5.82M | |||
| Other Operating ExpensesOther Opex | 2.74M | 5.05M | -6.33M | 2.03M | 2.96M | 2.35M | 1.66M | 1.80M | 1.76M | 1.55M | 1.27M | 1.00M | 1.22M | 0.65M | 0.11M | 9.39M | 0.48M | 0.30M | |||||
| Operating ExpensesOpex | 7.87M | 14.24M | 23.02M | 20.30M | 22.69M | 20.39M | 17.94M | 19.15M | 16.76M | 14.61M | 13.15M | 13.03M | 13.40M | 12.55M | 10.86M | 10.48M | 8.70M | 9.53M | 7.10M | 8.52M | |||
| Operating IncomeOp. Inc | -7.85M | -14.31M | -25.45M | -26.30M | -27.99M | -31.14M | -25.92M | -20.03M | -20.48M | -12.62M | -11.83M | -10.24M | -11.37M | -9.69M | -14.57M | -9.27M | -7.06M | -6.99M | -9.74M | -7.95M | |||
| EBIT | -7.85M | -14.31M | -25.45M | -26.30M | -27.99M | -31.14M | -25.92M | -20.03M | -20.48M | -12.62M | -11.83M | -10.24M | -11.37M | -9.69M | -14.57M | -9.27M | -7.06M | -6.99M | -9.74M | -7.95M | |||
| Non-operating items | |||||||||||||||||||||||
| Non Operating Interest Expenses | 0.07M | ||||||||||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | |||||||||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | -1.43M | 1.07M | 32.60M | -0.43M | 3.70M | 5.86M | 5.06M | -4.15M | -3.96M | -1.73M | -2.21M | -0.58M | 1.54M | -0.71M | -4.81M | -0.85M | -0.41M | -0.24M | -0.64M | 1.10M | |||
| Non Operating IncomeNon Op. Inc. | 49.20M | ||||||||||||||||||||||
| Net income details | |||||||||||||||||||||||
| EBT | -9.16M | 34.90M | 11.44M | -24.03M | -9.64M | -19.96M | -19.68M | -24.33M | -23.58M | -14.10M | -13.81M | -11.00M | -9.66M | -10.51M | -18.96M | -10.17M | -7.47M | 2.12M | -9.75M | -6.87M | |||
| Tax ProvisionsTaxes | 0.00M | 0.00M | 0.00M | 0.01M | 0.00M | 0.00M | 0.00M | 0.01M | 0.01M | 0.00M | 0.00M | 0.02M | 0.01M | 0.01M | -0.00M | 0.03M | |||||||
| Profit After TaxPAT | -9.16M | 34.90M | 11.44M | -24.86M | -9.80M | -19.96M | -19.21M | -23.93M | -23.30M | -14.11M | -13.83M | -11.00M | -9.66M | -10.51M | -18.98M | -10.16M | -7.49M | 2.12M | -9.75M | -6.89M | |||
| Income from Continuing OperationsIncome (Continuing) | -9.16M | 34.90M | 11.44M | -24.03M | -9.65M | -19.96M | -19.69M | -24.33M | -23.58M | -14.11M | -13.83M | -11.00M | -9.66M | -10.51M | -18.98M | -10.19M | -7.49M | 2.12M | -9.75M | -6.89M | |||
| Consolidated Net IncomeConsol Net Inc. | -9.16M | 34.90M | 11.44M | -24.03M | -9.65M | -19.96M | -19.69M | -24.33M | -23.58M | -14.11M | -13.83M | -11.00M | -9.66M | -10.51M | -18.98M | -10.19M | -7.49M | 2.12M | -9.75M | -6.89M | |||
| Income towards Parent CompanyParent Net Inc | -9.16M | 34.90M | 11.44M | -24.03M | -9.65M | -19.96M | -19.69M | -24.33M | -23.58M | -14.11M | -13.83M | -11.00M | -9.66M | -10.51M | -18.98M | -10.19M | -7.49M | 2.12M | -9.75M | -6.89M | |||
| Net Income towards Common StockholdersNet Income | -9.16M | 34.90M | 11.44M | -24.03M | -9.65M | -19.96M | -19.69M | -24.33M | -23.58M | -14.11M | -13.83M | -11.00M | -9.66M | -10.51M | -18.98M | -10.19M | -7.49M | 2.12M | -9.75M | -6.89M | |||
| Additional items | |||||||||||||||||||||||
| EPS (Basic) | -18.61 | 9.20 | 3.25 | -4.42 | -1.76 | -3.61 | -3.57 | -4.32 | -4.14 | -2.40 | -2.39 | -1.80 | -1.23 | -1.32 | -2.53 | -1.26 | -0.90 | 0.22 | -1.04 | -0.55 | |||
| EPS (Diluted) | -3.80 | 7.04 | 3.18 | -4.42 | -1.76 | -3.61 | -3.39 | -4.32 | -4.14 | -2.40 | -2.39 | -1.80 | -1.23 | -1.32 | -2.53 | -1.26 | -0.90 | 0.22 | -1.04 | -0.55 | |||
| Shares Outstanding | 0.49M | 3.79M | 3.52M | 5.44M | 5.47M | 5.53M | 5.51M | 5.63M | 5.70M | 5.88M | 5.79M | 6.11M | 7.86M | 7.98M | 7.50M | 8.08M | 8.29M | 9.69M | 9.36M | 12.59M | |||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 2.41M | 4.96M | 3.59M | 5.44M | 5.47M | 5.53M | 5.81M | 5.63M | 5.70M | 5.88M | 5.79M | 6.11M | 7.86M | 7.98M | 7.50M | 8.08M | 8.29M | 9.75M | 9.36M | 12.59M | |||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 0.49M | 3.79M | 3.52M | 5.44M | 5.52M | 5.55M | 5.63M | 5.66M | 5.83M | 5.92M | 5.79M | 6.11M | 7.89M | 8.03M | 8.05M | 8.10M | 8.39M | 11.29M | 9.36M | 14.15M | |||
| EBITDA | -7.85M | -14.06M | -25.45M | -26.30M | -27.99M | -31.14M | -25.92M | -20.03M | -20.48M | -12.62M | -11.83M | -10.24M | -11.37M | -9.69M | -14.57M | -9.27M | -6.46M | -6.99M | -9.74M | -7.45M | |||
| Interest ExpensesInt Expense | 0.07M | ||||||||||||||||||||||
| Tax Rate | 0.02% | -0.01% | -0.01% | -0.03% | -0.01% | -0.01% | -0.02% | -0.10% | -0.05% | -0.04% | -0.04% | -0.13% | -0.12% | -0.17% | -0.09% | -0.39% |