Filing Flows › Xos (XOS) › Q4 2024
Xos (XOS) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Xos (XOS) reported revenue of $11.5M for the fourth quarter 2024 (Q4 2024), -38% from a year earlier and -27% from the quarter before. Operating margin was -127.0%, net loss $19.0M (165.4% of revenue).
Xos, Q4 2024: revenue $11.5M (-38% year over year), operating margin -127.0%, net loss $19.0M, operating cash flow $3.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.5M | -27% | -38% |
| Operating profit | −$14.6M | — | — |
| Net earnings | −$19.0M | — | — |
| Operating cash flow | $3.3M | — | — |
What changed
Revenue was $11.5M in Q4 2024, down 38% year over year and down 27% from the previous quarter. Product and service revenue was the largest line at 97% of revenue.
Operating costs exceeded revenue by $14.6M, an operating margin of -127.0%. The quarter ended with a net loss of $19.0M, wider than the previous quarter's $10.5M loss.
Operating cash flow was $3.3M. Non-cash charges added back $700K of depreciation and $1.8M of share-based compensation. Working capital and other items added $19.8M.
Questions
What was Xos' revenue in the fourth quarter 2024?
Xos (XOS) reported revenue of $11.5M for the fourth quarter 2024 (Q4 2024), -38% from a year earlier and -27% from the quarter before.
Was Xos profitable in the fourth quarter 2024?
Operating loss was $14.6M (-127.0% of revenue) and net loss $19.0M.
Source: Xos 10-K on SEC EDGAR.