Filing Flows › Xos (XOS) › Q2 2026 › vs Q2 2025
Xos (XOS) Q2 2026 vs Q2 2025 (year over year)
Xos's revenue fell $13.7M (-74%) from $18.4M in Q2 2025 to $4.7M in Q2 2026. The biggest changes: Product Revenue −$13.6M (-75%); Ancillary −$58K (-26%).
Xos, Q2 2026: revenue $4.7M (-74% year over year), operating margin -167.7%, net loss $6.9M, operating cash flow −$2.7M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Powertrains and Hubs | $3.5M | $930K | $2.5M | +273% |
| Stepvans and Vehicle Incentives | $581K | $17.1M | −$16.5M | -97% |
| Manufactured Product Other | $525K | $152K | $373K | +245% |
| Product Revenue | $4.6M | $18.2M | −$13.6M | -75% |
| Ancillary | $166K | $224K | −$58K | -26% |
| Revenue | $4.7M | $18.4M | −$13.7M | -74% |
| Other income, net | $1.1M | −$411K | $1.5M | — |
| Net loss | $6.9M | $7.5M | −$594K | -8% |
| Costs & expenses | $12.7M | $25.9M | −$13.2M | -51% |
| Operating costs | $12.7M | $25.5M | −$12.8M | -50% |
| Income tax | $27K | $13K | $14K | +108% |
| Cost of revenue | $4.2M | $16.8M | −$12.6M | -75% |
| Research & development | $1.9M | $2.1M | −$188K | -9% |
| Sales & marketing | $804K | $707K | $97K | +14% |
| General & admin | $5.8M | $5.9M | −$89K | -2% |
| Operating cash sources | $6.9M | $7.5M | −$594K | -8% |
| Depreciation | $500K | $600K | −$100K | -17% |
| Share-based compensation | $2.0M | $1.6M | $414K | +26% |
| Working capital & other | $1.7M | $10.0M | −$8.2M | -83% |
| Cash used in operations | $2.7M | −$4.6M | $7.3M | — |
| Net loss absorbed | $6.9M | $7.5M | −$594K | -8% |
Questions
How much did Xos's revenue grow year over year in Q2 2026?
Xos's revenue fell $13.7M (-74%) from $18.4M in Q2 2025 to $4.7M in Q2 2026.
What drove Xos's revenue change in Q2 2026?
Product Revenue −$13.6M (-75%); Ancillary −$58K (-26%).