Filing Flows › Xos (XOS) › Q2 2025
Xos (XOS) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
Xos (XOS) reported revenue of $18.4M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +213% from the quarter before. Operating margin was -38.4%, net loss $7.5M (40.7% of revenue).
Xos, Q2 2025: revenue $18.4M (+18% year over year), operating margin -38.4%, net loss $7.5M, operating cash flow $4.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.4M | +213% | +18% |
| Operating profit | −$7.1M | — | — |
| Net earnings | −$7.5M | — | — |
| Operating cash flow | $4.6M | — | — |
What changed
Revenue was $18.4M in Q2 2025, up 18% year over year and up 213% from the previous quarter. Stepvans & vehicle incentives was the largest line at 93% of revenue. Stepvans & vehicle incentives added $3.9M year over year (up 30%), 138% of the total change. Manufactured Product, Other declined 76%.
Gross margin was 8.9%, down 4.2 points from a year earlier. Operating costs exceeded revenue by $7.1M, an operating margin of -38.4%. Operating expenses fell 35% while revenue rose 18%. The quarter ended with a net loss of $7.5M, narrower than the previous quarter's $10.2M loss.
Operating cash flow was $4.6M. Non-cash charges added back $600K of depreciation and $1.6M of share-based compensation. Working capital and other items added $10.0M.
Questions
What was Xos' revenue in the second quarter 2025?
Xos (XOS) reported revenue of $18.4M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +213% from the quarter before.
Was Xos profitable in the second quarter 2025?
Operating loss was $7.1M (-38.4% of revenue) and net loss $7.5M.
Source: Xos 10-Q on SEC EDGAR.