Filing Flows › Xos (XOS) › Q2 2026
Xos (XOS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Xos (XOS) reported revenue of $4.7M for the second quarter 2026 (Q2 2026), -74% from a year earlier and -58% from the quarter before. Operating margin was -167.7%, net loss $6.9M (145.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7M | -58% | -74% |
| Operating profit | −$7.9M | — | — |
| Net earnings | −$6.9M | — | — |
| Operating cash flow | −$2.7M | — | -158% |
What changed
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.
Questions
What was Xos' revenue in the second quarter 2026?
Xos (XOS) reported revenue of $4.7M for the second quarter 2026 (Q2 2026), -74% from a year earlier and -58% from the quarter before.
Was Xos profitable in the second quarter 2026?
Operating loss was $7.9M (-167.7% of revenue) and net loss $6.9M.
Source: Xos 10-Q on SEC EDGAR.