Stepvans Vehicle Incentives was Xos’s largest product and service line in fiscal 2025, bringing in $107.50M of $138.58M (78%).
| Product and Service | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Stepvans Vehicle Incentives | — | — | $128.42M | $107.50M |
| Product & Service Revenue | $103.98M | $130.32M | — | — |
| Powertrains Hubs | — | — | $26.22M | $21.51M |
| Powertrains | $6.68M | — | — | — |
| Other Product Revenue | — | $2.49M | $5.33M | $5.10M |
| Ancillary Revenue | — | $3.25M | $5.78M | $2.68M |
| Powertrain Engineering Services | — | — | — | $1.80M |
| Automotive Regulatory Credits | — | — | $1.80M | — |
| Total | $110.66M | $136.06M | $167.56M | $138.58M |
Xos brought in $138.58M from its five product and service lines in fiscal 2025, the year ended December 31, 2025. Xos regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $167.56M. Stepvans Vehicle Incentives was the largest at $107.50M (77.6%), ahead of Powertrains Hubs at $21.51M (15.5%) and Other Product Revenue at $5.10M (3.7%). The other two lines brought in $4.48M combined.
Compared with fiscal 2024, every line above 2% of revenue shrank. Other Product Revenue held up best, down 4.4% to $5.10M, and Powertrains Hubs fell the most, down 18.0% to $21.51M.
Xos began breaking out Stepvans Vehicle Incentives in fiscal 2024, Powertrains Hubs in fiscal 2024, Other Product Revenue in fiscal 2023 and Ancillary Revenue in fiscal 2023. Xos stopped reporting Product & Service Revenue ($130.32M in fiscal 2023), Powertrains ($6.68M in fiscal 2022) and Automotive Regulatory Credits ($1.80M in fiscal 2024) as separate lines.
Xos (XOS) reports its revenue by product and service. In fiscal 2025, Stepvans Vehicle Incentives was its largest product and service line, bringing in $107.50M (77.6% of the total), followed by Powertrains Hubs at $21.51M (15.5%).
Stepvans Vehicle Incentives was Xos' largest product and service line in fiscal 2025, bringing in $107.50M, or 77.6% of the $138.58M total across its five product and service lines.
Every figure comes from Xos' annual financial filings, as reported. Each line keeps the name Xos gives it, and years follow its fiscal calendar.
Xos' revenue by product and service goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.