The story
The company was founded in 2016 and went public in 2021.
From Wikipedia’s article on Xos, Inc., shared under CC BY-SA 4.0.7
XOS on Nasdaq
Xos, Inc.
Logo: Xos Inc., Public domain, via Wikimedia Commons5
American electric truck manufacturer
Xos, Inc. (pronounced ék-so-s) is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.3 From Wikipedia, CC BY-SA 4.0
Price unavailable
Last updated Oct 19, 2026.
Overview
2016Founded1
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- TickerXOS on Nasdaq1
- Industryautomotive industry1
- HeadquartersLos Angeles1
- Websitexostrucks.com
- Legal formDelaware corporation1
- Incorporated inDE6
- Business address3550 Tyburn Street, Los Angeles, Ca 900656
- Filer categoryNon-accelerated filer, Smaller reporting company6
- LEI254900ZQWJF169CBQB404
- StatusActive4
- LEI statusLapsed (not renewed)4
- Registered addressC/O THE CORPORATION TRUST COMPANY, 19808 Wilmington, United States4
- Registered withDivision of Corporations, Department of State, 61636274
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Xos, Inc. (pronounced ék-so-s) is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
5.9%Gross margin8
-71.9%Operating margin8
-55.1%Net margin8
-17.8%Revenue growth, 20258
-108.7%Return on equity8
$5.4MFree cash flow9
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Stepvans And Vehicle Incentives brought in 78% of the revenue Xos, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Stepvans And Vehicle Incentives | $42.8M | $35.8M |
| Powertrains and Hubs | $8.7M | $7.2M |
| Manufactured Product, Other | $1.8M | $1.7M |
| Ancillary | $1.9M | $892.0K |
| Powertrain Engineering Services | $600.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue84¢$43.3M
- Research and development16¢$8.0M
- Income tax0¢$23.0K
Out of $46.0M in revenue.8 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$5.4M
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenues | $46.0M | $56.0M |
| Cost of goods sold | $43.3M | $52.0M |
| Gross profit | $2.7M | $4.0M |
| General and administrative | $24.8M | $35.1M |
| Research and development | $8.0M | $10.6M |
| Sales and marketing | $3.0M | $4.1M |
| Total operating expenses | $35.8M | $49.8M |
| Loss from operations | -$33.1M | -$45.9M |
| Gain on operating lease termination | $9.9M | $0 |
| Other expense, net | -$2.1M | -$4.6M |
| Change in fair value of derivative instruments | $48.0K | $274.0K |
| Change in fair value of earn-out shares liability | $0 | $39.0K |
| Loss before provision for income taxes | -$25.3M | -$50.1M |
| Provision for income taxes | $23.0K | $37.0K |
| Net loss | -$25.3M | -$50.2M |
| Basic (in dollars per share) | -$2.71 | -$6.69 |
| Diluted (in dollar per share) | -$2.71 | -$6.69 |
| Basic (in shares) | 9.4M shares | 7.5M shares |
| Diluted (in shares) | 9.4M shares | 7.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.8
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-11-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $14.0M | $11.0M | ||
| Accounts receivable, net | $6.0M | $26.9M | ||
| Inventories | $25.0M | $36.6M | ||
| Prepaid expenses and other current assets | $4.8M | $7.9M | ||
| Total current assets | $49.9M | $82.3M | ||
| Property and equipment, net | $4.3M | $6.1M | ||
| Operating lease right-of-use assets, net | $1.5M | $3.2M | ||
| Other non-current assets | $4.6M | $6.7M | ||
| Total assets | $60.4M | $98.3M | ||
| Accounts payable | $2.5M | $8.9M | ||
| Convertible debt, current | $6.5M | $20.0M | ||
| Other current liabilities | $14.7M | $17.8M | ||
| Total current liabilities | $23.7M | $46.7M | ||
| Common stock warrant liability | $73.0K | $121.0K | ||
| Other non-current liabilities | $1.3M | $17.9M | ||
| Convertible debt, non-current | $12.0M | $0 | ||
| Total liabilities | $37.1M | $64.7M | ||
| Common Stock $0.0001 par value, authorized 1,000,000 shares, 11,403 and 8,046 shares issued and outstanding at December 31, 2025 and 2024, respectively | $1.0K | $1.0K | ||
| Preferred Stock $0.0001 par value, authorized 10,000 shares, 0 shares issued and outstanding at December 31, 2025 and 2024 | $0 | $0 | ||
| Additional paid-in capital | $252.0M | $237.0M | ||
| Accumulated deficit | -$228.7M | -$203.4M | ||
| Total stockholders equity | $23.3M | $33.6M | $45.2M | |
| Total liabilities and stockholders equity | $60.4M | $98.3M | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, authorized (in shares) | 1.0B shares | 1.0B shares | ||
| Common stock, issued (in shares) | 11.4M shares | 8.0M shares | ||
| Common stock, shares outstanding (in shares) | 11.4M shares | 8.0M shares | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Reverse stock split ratio | 0 pure |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-11-30 |
|---|---|---|---|---|
| Cash and cash equivalents | $14.0M | $11.0M | ||
| Accounts receivable, net | $6.0M | $26.9M | ||
| Inventories | $25.0M | $36.6M | ||
| Prepaid expenses and other current assets | $4.8M | $7.9M | ||
| Total current assets | $49.9M | $82.3M | ||
| Property and equipment, net | $4.3M | $6.1M | ||
| Operating lease right-of-use assets, net | $1.5M | $3.2M | ||
| Other non-current assets | $4.6M | $6.7M | ||
| Total assets | $60.4M | $98.3M | ||
| Accounts payable | $2.5M | $8.9M | ||
| Convertible debt, current | $6.5M | $20.0M | ||
| Other current liabilities | $14.7M | $17.8M | ||
| Total current liabilities | $23.7M | $46.7M | ||
| Common stock warrant liability | $73.0K | $121.0K | ||
| Other non-current liabilities | $1.3M | $17.9M | ||
| Convertible debt, non-current | $12.0M | $0 | ||
| Total liabilities | $37.1M | $64.7M | ||
| Common Stock $0.0001 par value, authorized 1,000,000 shares, 11,403 and 8,046 shares issued and outstanding at December 31, 2025 and 2024, respectively | $1.0K | $1.0K | ||
| Preferred Stock $0.0001 par value, authorized 10,000 shares, 0 shares issued and outstanding at December 31, 2025 and 2024 | $0 | $0 | ||
| Additional paid-in capital | $252.0M | $237.0M | ||
| Accumulated deficit | -$228.7M | -$203.4M | ||
| Total stockholders equity | $23.3M | $33.6M | $45.2M | |
| Total liabilities and stockholders equity | $60.4M | $98.3M | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, authorized (in shares) | 1.0B shares | 1.0B shares | ||
| Common stock, issued (in shares) | 11.4M shares | 8.0M shares | ||
| Common stock, shares outstanding (in shares) | 11.4M shares | 8.0M shares | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, authorized (in shares) | 10.0M shares | 10.0M shares | ||
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, shares outstanding (in shares) | 0 shares | 0 shares | ||
| Reverse stock split ratio | 0 pure |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.8
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$25.3M | -$50.2M |
| Depreciation | $2.2M | $3.3M |
| Amortization of right-of-use assets | $1.7M | $1.8M |
| Amortization of debt discounts and issuance costs | $30.0K | $50.0K |
| Amortization of insurance premiums | $2.4M | $2.8M |
| Inventory reserves | -$263.0K | $2.9M |
| Impairment of property and equipment and assets held-for-sale | $564.0K | $4.8M |
| Change in fair value of derivative instruments | -$48.0K | -$274.0K |
| Change in fair value of earn-out shares liability | $0 | -$39.0K |
| Gain on operating lease termination | -$9.9M | $0 |
| Stock-based compensation expense | $7.4M | $7.7M |
| Bad debt expense | $2.0K | $962.0K |
| Other non-cash items | $1.1M | -$148.0K |
| Accounts receivable | $20.8M | -$12.7M |
| Inventories | $10.9M | -$1.6M |
| Prepaid expenses and other current assets | -$501.0K | -$1.6M |
| Other assets | $907.0K | -$2.7M |
| Accounts payable | -$6.5M | $5.4M |
| Other liabilities | -$148.0K | -$9.6M |
| Net cash provided by (used in) operating activities | $5.4M | -$48.8M |
| Proceeds from the disposal of assets held for sale | $61.0K | $125.0K |
| Purchases of property and equipment | $0 | -$304.0K |
| Net cash acquired in acquisition of ElectraMeccanica Vehicles Corp | $0 | $51.4M |
| Net cash provided by investing activities | $61.0K | $51.2M |
| Principal payment for equipment leases | -$2.0M | -$2.3M |
| Proceeds from short-term insurance financing note | $2.6M | $3.1M |
| Payment for short-term insurance financing note | -$2.9M | -$2.8M |
| Payments on convertible notes | -$1.5M | $0 |
| Stock option exercises | $0 | $10.0K |
| Taxes paid related to net share settlement of stock-based awards | -$1.0M | -$1.0M |
| Proceeds from sale and issuance of common stock | $2.4M | $47.0K |
| Net cash used in financing activities | -$2.4M | -$3.0M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $3.0M | -$644.0K |
| Cash paid for income taxes | $51.0K | $17.0K |
| Operating lease termination | -$9.9M | $0 |
| Issuance of common stock for equipment lease termination | -$200.0K | $0 |
| Settlement of accrued interest with shares of Xos common stock | -$6.0M | $0 |
| Purchase of property and equipment in accounts payable | -$30.0K | -$35.0K |
| Net assets acquired in acquisition of ElectraMeccanica Vehicles Corp. | $0 | $54.6M |
| Xos common stock issued in exchange for ElectraMeccanica Vehicles Corp. | $0 | -$31.9M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Xos, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
20202025
- Chief executive officerDakota Semler Aug 24, 2021 to now15
- Chief financial officerLiana Pogosyan Jun 5, 2023 to now16
- Chief financial officerKingsley Afemikhe Aug 24, 2021 to May 12, 202317
- Chief financial officerPatrick T. Ford Oct 6, 2020 to Oct 6, 202018
- Chief operating officerGiordano Sordoni Aug 24, 2021 to now19
Board members and other officers (15)
- Chief Technology OfficerRobert Ferber Aug 24, 2021 to Oct 12, 202320
- Board memberDietmar Ostermann Mar 29, 2024 to now21
- Board memberLuisa Ingargiola Mar 29, 2024 to now22
- Board memberBurt Jordan Aug 24, 2021 to Jun 14, 202323
- Board memberDakota Semler Aug 24, 2021 to now15
- Board memberEdward J. Rapp Aug 24, 2021 to now24
- Board memberGiordano Sordoni Aug 24, 2021 to now19
- Board memberAlice K. Jackson Dec 20, 2021 to now25
- Board memberAnousheh Ansari Dec 20, 2021 to Jun 14, 202326
- Board memberGeorge N. Mattson Oct 6, 2020 to now27
- Board memberGregory L. Summe Oct 6, 2020 to Oct 6, 202027
- Board memberJeffrey Moslow Oct 6, 2020 to Oct 6, 202028
- Board memberRickenbach Josef H. Von Oct 6, 2020 to Oct 6, 202029
- Board memberSara Mathew Oct 6, 2020 to Oct 4, 202230
- General counselChristen T. Romero Feb 16, 2022 to Jan 14, 202531
Products and brands
Vehicles
The company manufactures electric commercial vehicles, primarily electric step vans. As of the end of 2025, it has delivered more than 1,000 vehicles in total.
The company's customers include UPS and FedEx Ground operators and the armored transport company Loomis.
Future products announced by the company include a medium-duty box truck/chassis cab.
Charging infrastructure
The company also provides charging infrastructure for electric vehicle fleets.
Read the full text
In June 2025, Leap, a virtual power plant (VPP) platform, partnered with Xos to integrate Xos Hub, a mobile battery-integrated charger, with Leap's VPP software. This collaboration enables Xos customers, including major logistics firms like FedEx and UPS, to participate in California's Demand Side Grid Support (DSGS) program, allowing fleets to shift charging to Xos Hub batteries during peak grid demand, reducing grid strain and generating revenue.
From Wikipedia’s article on Xos, Inc., shared under CC BY-SA 4.0.7
Former names
- NextGen Acquisition CorpAug 17, 2020 to Aug 19, 20216
Timeline
Filings
613 filings to the SEC since October 2021: 7 annual reports, 18 quarterly reports, 63 major events, 364 insider forms, 21 large holders, 2 private raises, 138 other. The latest 20:
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264 EDGAR
- Oct 13, 20264/A EDGAR
- Oct 13, 20264/A EDGAR
- Oct 13, 20264/A EDGAR
- Sep 23, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 14, 20264 EDGAR
- Sep 14, 20264 EDGAR
- Sep 14, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Sep 2, 2026144 EDGAR
- Aug 27, 20264/A EDGAR
- Aug 27, 20264/A EDGAR
- Aug 27, 20264/A EDGAR
- Aug 27, 20264/A EDGAR
- Aug 27, 20264/A EDGAR
- Aug 27, 20264/A EDGAR
The 613 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
107 open-market trades by officers, directors and large owners since October 2021: 31 buys and 76 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 21, 2026 | Mattson George NDirector | Buy | 4,062 | $2.60 | $10.6K | Form 4 |
| Sep 17, 2026 | OSTERMANN DIETMARDirector | Sale | 4,738 | $2.55 | $12.1K | Form 4 |
| Sep 16, 2026 | OSTERMANN DIETMARDirector | Sale | 262 | $2.54 | $665 | Form 4 |
| Sep 4, 2026 | OSTERMANN DIETMARDirector | Sale | 5,000 | $3.00 | $15.0K | Form 4 |
| Sep 2, 2026 | OSTERMANN DIETMARDirector | Sale | 10,000 | $3.02 | $30.2K | Form 4 |
| Aug 20, 2026 | Sordoni GiordanoChief Operating Officer | Sale | 49,370 | $4.00 | $197.5K | Form 4 |
| Aug 20, 2026 | OSTERMANN DIETMARDirector | Sale | 10,000 | $3.49 | $34.9K | Form 4 |
| Aug 18, 2026 | Bernstein Stuart N.Director | Sale | 30,000 | $4.19 | $125.7K | Form 4 |
| Jul 17, 2026 | Yake AliceDirector | Sale | 2,500 | $2.15 | $5.4K | Form 4 |
| Jul 17, 2026 | Richardson Michael PaulDirector | Sale | 3,118 | $2.15 | $6.7K | Form 4 |
| Jul 17, 2026 | OSTERMANN DIETMARDirector | Sale | 4,159 | $2.15 | $8.9K | Form 4 |
| Jul 16, 2026 | Yake AliceDirector | Sale | 2,500 | $2.17 | $5.4K | Form 4 |
| Jul 16, 2026 | Richardson Michael PaulDirector | Sale | 3,119 | $2.17 | $6.8K | Form 4 |
| Jul 16, 2026 | OSTERMANN DIETMARDirector | Sale | 4,158 | $2.16 | $9.0K | Form 4 |
| Jul 15, 2026 | Yake AliceDirector | Sale | 2,500 | $2.30 | $5.8K | Form 4 |
| Jul 15, 2026 | Richardson Michael PaulDirector | Sale | 3,119 | $2.31 | $7.2K | Form 4 |
| Jul 15, 2026 | OSTERMANN DIETMARDirector | Sale | 4,159 | $2.30 | $9.6K | Form 4 |
| Jul 14, 2026 | Yake AliceDirector | Sale | 2,500 | $2.39 | $6.0K | Form 4 |
| Jul 14, 2026 | Richardson Michael PaulDirector | Sale | 3,119 | $2.39 | $7.5K | Form 4 |
| Jul 14, 2026 | OSTERMANN DIETMARDirector | Sale | 4,158 | $2.39 | $9.9K | Form 4 |
All 107 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Emerald Green TrustSCHEDULE 13D/A, 2 filings Jan 20, 2026 to Jun 22, 202632
- Aljomaih Automotive Co.SCHEDULE 13D/A, 5 filings Feb 11, 2022 to May 13, 202633
- YA II PN, Ltd.SCHEDULE 13G/A, 4 filings Aug 12, 2022 to Apr 6, 202634
- Giordano SordoniSCHEDULE 13D/A, 3 filings May 15, 2023 to Mar 5, 202635
- Dakota SemlerSC 13D/A, 2 filings May 15, 2023 to Dec 9, 202436
- Empyrean Capital Partners, LPSC 13G/A, 1 filing Feb 14, 202337
- CITADEL ADVISORS LLCSC 13G/A, 1 filing Feb 14, 202238
- GLAZER CAPITAL, LLCSC 13G/A, 1 filing Feb 14, 202239
- INTEGRATED CORE STRATEGIES (US) LLCSC 13G/A, 1 filing Feb 10, 202240
- NextGen Sponsor LLCSC 13G/A, 1 filing Feb 3, 202241
Money raised
Private offerings the company reported to the SEC on Form D.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 36. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitexostrucks.com1
- X (Twitter)x.com/xostrucks1
- Instagramwww.instagram.com/xostrucks1
- WikipediaXos, Inc.
- WikidataQ126325758
- SEC EDGARCIK 1819493
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataXos, Inc. on Wikidata
- 2SEC EDGARXos, Inc. filings on SEC EDGAR
- 3WikipediaXos, Inc. on Wikipedia
- 4
- 5Wikimedia CommonsXos, Inc. logo by Xos Inc., Public domain
- 6SEC EDGARXos, Inc. filings on SEC EDGAR
- 7
- 8SEC EDGARXos, Inc. 10-K for fiscal 2025
- 9SEC EDGARXos, Inc. 10-K for fiscal 2025
- 10SEC EDGARXos, Inc. 10-K for fiscal 2020
- 11SEC EDGARXos, Inc. 10-K for fiscal 2021
- 12SEC EDGARXos, Inc. 10-K for fiscal 2022
- 13SEC EDGARXos, Inc. 10-K for fiscal 2023
- 14SEC EDGARXos, Inc. 10-Q for fiscal 2026
- 15
- 16
- 17
- 18
- 19
- 20
- 21SEC EDGARDietmar Ostermann, Board member
- 22SEC EDGARLuisa Ingargiola, Board member
- 23SEC EDGARBurt Jordan, Board member
- 24SEC EDGAREdward J. Rapp, Board member
- 25SEC EDGARAlice K. Jackson, Board member
- 26SEC EDGARAnousheh Ansari, Board member
- 27SEC EDGARGeorge N. Mattson, Board member
- 28SEC EDGARJeffrey Moslow, Board member
- 29
- 30SEC EDGARSara Mathew, Board member
- 31SEC EDGARChristen T. Romero, General counsel
- 32
- 33
- 34
- 35
- 36SEC EDGARDakota Semler SC 13D/A on Xos, Inc.
- 37
- 38
- 39
- 40
- 41