Filing Flows › Xos (XOS) › Q1 2026 › vs Q1 2025
Xos (XOS) Q1 2026 vs Q1 2025 (year over year)
Xos's revenue rose $5.3M (+91%) from $5.9M in Q1 2025 to $11.2M in Q1 2026. The biggest changes: Product and service revenue +$5.4M (+95%).
Xos, Q1 2026: revenue $11.2M (+91% year over year), operating margin -41.7%, net loss $4.9M, operating cash flow −$1.6M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Powertrains & hubs | $9.1M | $1.6M | $7.5M | +473% |
| Stepvans & vehicle incentives | $1.6M | $3.6M | −$2.0M | -55% |
| Other product revenue | $292K | $467K | −$175K | -37% |
| Product and service revenue | $11.0M | $5.6M | $5.4M | +95% |
| Revenue | $11.2M | $5.9M | $5.3M | +91% |
| Net loss | $4.9M | $10.2M | −$5.2M | -52% |
| Costs & expenses | $16.1M | $16.0M | $101K | +0.6% |
| Operating costs | $15.9M | $15.1M | $754K | +5% |
| Interest & other, net | $234K | $905K | −$671K | -74% |
| Income tax | $5K | $12K | −$7K | -58% |
| Cost of revenue | $6.9M | $4.7M | $2.2M | +48% |
| Research & development | $2.0M | $1.9M | $100K | +5% |
| Sales & marketing | $916K | $654K | $262K | +40% |
| General & admin | $6.1M | $7.9M | −$1.8M | -23% |
| Operating cash sources | $4.9M | $10.2M | −$5.2M | -52% |
| Depreciation | $600K | $500K | $100K | +20% |
| Share-based compensation | $2.1M | $1.5M | $596K | +39% |
| Working capital & other | $609K | $3.4M | −$2.8M | -82% |
| Cash used in operations | $1.6M | $4.8M | −$3.2M | -67% |
| Net loss absorbed | $4.9M | $10.2M | −$5.2M | -52% |
Questions
How much did Xos's revenue grow year over year in Q1 2026?
Xos's revenue rose $5.3M (+91%) from $5.9M in Q1 2025 to $11.2M in Q1 2026.
What drove Xos's revenue change in Q1 2026?
Product and service revenue +$5.4M (+95%).