Xos, Inc. reported robust growth in Q3 2025, achieving record vehicle shipments and demonstrating strong demand from key customers, while strategically honing its focus on profitability and product diversification.

• Shipped a record 130 vehicles, generating $16.5 million in revenue, with 140 total shipments including ongoing customer programs.
• Achieved a GAAP gross margin of 15.3%, reflecting complex pricing dynamics but laying a foundation for future margin improvement through large fleet agreements.
• Narrowed operating losses to $7 million, the lowest since going public, due to rigorous cost management and operational efficiency.
• Strengthened liquidity through a revamped repayment structure with Alger Mae Automotive, enhancing operational focus and financial flexibility.
• Expanded into higher-margin segments, successfully delivering 18 powertrain systems and securing nearly 80 additional orders, signaling growth in the school bus electrification market.