Xos, Inc. (XOS) AI Stock Analysis

Xos, Inc. is a mobility solutions provider specializing in the manufacturing and distribution of battery-electric commercial vehicles. Founded in 2020 and headquartered in Los Angeles, California, the company supports commercial fleet operations through vehicle electrification. In addition to vehicle production, Xos provides charging infrastructure deployment, vehicle maintenance services, financing options, and after-sales support. Its engineering teams develop technology designed to enhance battery-electric vehicle reliability, performance, and efficiency. The company works with fleet managers, logistics companies, and corporate clients seeking to lower emissions and operating costs.

Revenue grew from $5.0M in FY2021 to $36.4M in FY2022, $44.5M in FY2023, and peaked at $56.0M in FY2024 before dropping 17.8% to $46.0M in FY2025. Gross margin improved from -46.8% in FY2021 to 7.1% in FY2024 and 5.9% in FY2025. Operating margin was -71.9% in FY2025 compared to -1053.0% in FY2021. Net income was -$25.3M in FY2025, with diluted EPS of -$2.40. Over the trailing twelve months ending June 30, 2026, revenue was $37.7M, with quarterly revenue falling 74.2% year-over-year and an operating margin of -167.7%.

As of June 30, 2026, Xos held $13.2M in cash and short-term investments and $18.2M in total debt, creating net debt of $5.0M. Total assets were $54.4M against shareholders' equity of $22.9M. Liquidity was supported by a current ratio of 2.00, alongside a debt-to-equity ratio of 0.80. In FY2025, operating cash flow and free cash flow both totaled $5.4M, while the share count rose 257.8% over five years.

At a last close of $2.81 on October 16, 2026, Xos had a market cap of $40.0M and an enterprise value of $41.4M. Its price-to-sales multiple of 1.1x and EV-to-revenue multiple of 1.1x sit below the median of its US-listed Industrials peers of 1.5x price-to-sales. Its price-to-book ratio is 1.6x. Over the past year, Xos returned 1.4%, lagging the S&P 500 (SPY) return of 16.8%. Over five years, the stock fell 98.0%, compared to an 83.0% gain for the S&P 500.

Xos carries analyst ratings of 1 Strong Buy, 0 Buys, 1 Hold, 0 Sells, and 0 Strong Sells. The mean price target of $4.00 represents 42.3% upside over the last close of $2.81. For the current fiscal year ending December 31, 2026, consensus estimates project revenue of $39.5M and EPS of -$1.99. For the next fiscal year, 1 analyst estimates revenue of $54.3M and EPS of -$1.93. The company beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 12, 2026.

This page is an AI-written research summary of Xos, Inc. (XOS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: XOS income statement, XOS balance sheet, XOS key metrics, XOS analyst forecast, XOS chart. See the XOS stock overview for the latest quote and news.