Xos Inc. Common Stock Earnings Recaps
Q3 2025
Nov 14, 2025
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.
Key takeaways
- 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.