Xos, Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

XOS$2.29-3.8%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except for par value per share)

	December 31,
	2024	2023
Assets
Cash and cash equivalents	$10,996	$11,640
Accounts receivable, net	26,870	15,142
Inventories	36,567	37,843
Prepaid expenses and other current assets	7,868	7,070
Total current assets	82,301	71,695
Property and equipment, net	6,111	14,660
Operating lease right-of-use assets, net	3,193	4,991
Other non-current assets	6,728	2,338
Total assets	$98,333	$93,684
Liabilities and Stockholders’ Equity
Accounts payable	$8,931	$2,756
Convertible debt, current	19,970	—
Other current liabilities	17,768	16,817
Total current liabilities	46,669	19,573
Convertible debt, non-current	—	19,920
Earn-out shares liability	—	39
Common stock warrant liability	121	395
Other non-current liabilities	17,933	8,561
Total liabilities	64,723	48,488
Commitments and contingencies (Note 15)
Stockholders’ Equity
Common Stock $0.0001 par value, authorized 1,000,000 shares, 8,046 and 5,941 shares issued and outstanding at December 31, 2024 and 2023, respectively	1	1
Preferred Stock $0.0001 par value, authorized 10,000 shares, 0 shares issued and outstanding at December 31, 2024 and 2023	—	—
Additional paid-in capital	237,029	198,456
Accumulated deficit	(203,420)	(153,261)
Total stockholders’ equity	33,610	45,196
Total liabilities and stockholders’equity	$98,333	$93,684

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.