Xos, Inc.
For the period ended Dec 31, 2025. Filed Mar 30, 2026.
View on SEC.govAbout 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.
FY2025 · Filed Mar 30, 2026
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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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Years Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | $45,992 | $55,961 |
| Cost of goods sold | 43,268 | 51,996 |
| Gross profit | 2,724 | 3,965 |
| Operating expenses | ||
| General and administrative | 24,797 | 35,083 |
| Research and development | 8,000 | 10,627 |
| Sales and marketing | 3,010 | 4,129 |
| Total operating expenses | 35,807 | 49,839 |
| Loss from operations | (33,083) | (45,874) |
| Gain on operating lease termination | 9,875 | — |
| Other expense, net | (2,137) | (4,561) |
| Change in fair value of derivative instruments | 48 | 274 |
| Change in fair value of earn-out shares liability | — | 39 |
| Loss before provision for income taxes | (25,297) | (50,122) |
| Provision for income taxes | 23 | 37 |
| Net loss | $(25,320) | $(50,159) |
| Net loss per share | ||
| Basic | $(2.71) | $(6.69) |
| Diluted | $(2.71) | $(6.69) |
| Weighted average shares outstanding | ||
| Basic | 9,360 | 7,500 |
| Diluted | 9,360 | 7,500 |
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