Filing Flows › Consumer Discretionary › Xos (XOS)
Xos (XOS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Xos (XOS) Q2 2026 earnings results →
Q2 2026 Revenue down 74% year over year to $4.7M · 145¢ of every $1 of revenue lost · operating margin -167.7%
Xos made $4.7M in Q2 2026 (-74% Y/Y): Product Revenue $4.6M, Ancillary $166K. Operating margin -167.7%, net loss $6.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $4.7M in Q2 2026, down 74% year over year and down 58% from the previous quarter. Powertrains and Hubs was the largest line at 73% of revenue. Stepvans and Vehicle Incentives lost $16.5M year over year (down 97%), 121% of the total change.
Gross margin was 12.1%, up 3.2 points from Q2 2025. Operating costs exceeded revenue by $7.9M, an operating margin of -167.7%. Operating expenses fell 2% while revenue fell 74%. The fastest-growing cost line was Sales & marketing (+14%). The quarter ended with a net loss of $6.9M, wider than the previous quarter's $4.9M loss.
Operating cash flow was −$2.7M. Non-cash charges added back $500K of depreciation and $2.0M of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $19K exceeded it, leaving free cash flow of −$2.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $4.7M | -74% | -167.7% | −$6.9M | −$2.7M |
| Q1 2026 | 10-Q | May 14, 2026 | $11.2M | +91% | -41.7% | −$4.9M | −$1.6M |
| Q4 2025 | 10-K | Mar 30, 2026 | $5.2M | -54% | -186.6% | −$9.8M | $2.4M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $16.5M | +4% | -42.4% | $2.1M | $3.1M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $18.4M | +18% | -38.4% | −$7.5M | $4.6M |
| Q1 2025 | 10-Q | May 15, 2025 | $5.9M | -55% | -157.7% | −$10.2M | −$4.8M |
| Q4 2024 | 10-K | Mar 31, 2025 | $11.5M | -38% | -127.0% | −$19.0M | $3.3M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Xos
Xos, Inc., together with its wholly owned subsidiaries (collectively, the “Company” or “Xos”), aims to be the industrial accelerant for the modern energy era, transforming dated power infrastructures into easy-to-deploy solutions for today’s rapidly changing needs. Xos offers a portfolio of power options, from flexible to fixed to fleet solutions. The Company’s flagship technology replaces years of grid construction and the logistical headaches of diesel generators with a scalable platform to increase efficiency and decrease expense, whether supporting temporary needs or long-term installations. This patented technology powers large-scale loads by consolidating power delivery, rapid charging, and smart energy management into one system, scalable to meet nearly any operational need.
In its own words, from its 10-K, filed Mar 30, 2026.
Xos against its Motor Vehicle Parts & Accessories peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -74% against the peers' median +2%. Operating margin: -167.7% against the peers' median 4.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| XOS Xos | Q2 2026 | $4.7M | -74% | -167.7% |
| LEA Lear | Q3 2026 | $5.8B | +2% | 3.4% |
| ADNT Adient | Q4 FY26 | $3.7B | +1% | -0.1% |
| BWA Borgwarner | Q3 2026 | $3.5B | -3% | 8.7% |
| APTV Aptiv | Q3 2026 | $3.2B | +2% | 8.8% |
| DCH Dauch | Q3 2026 | $2.9B | +93% | 2.5% |
| ALV Autoliv | Q3 2026 | $2.7B | -0.5% | 9.4% |
| VGNT Versigent | Q3 2026 | $2.5B | +7% | 7.6% |
| DAN Dana | Q3 2026 | $2.0B | +6% | 4.5% |
Source: Xos 10-Q on SEC EDGAR · CIK 1819493 · Motor Vehicle Parts & Accessories
13F: who owns XOS and who is buying
More on XOS
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results