Filing Flows › Xos (XOS) › How it makes money
How Xos (XOS) makes money
Xos (XOS) made $4.7M of revenue in the second quarter 2026 (Q2 2026), -74% from a year earlier. Product Revenue brought in $4.6M (96%); Ancillary brought in $166K (4%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product Revenue | $4.6M | 96.5% | — | -75% |
| ↳ Powertrains and Hubs | $3.5M | 73.2% | — | +273% |
| ↳ Stepvans and Vehicle Incentives | $581K | 12.3% | — | -97% |
| ↳ Manufactured Product Other | $525K | 11.1% | — | +245% |
| Ancillary | $166K | 3.5% | — | -26% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $4.7M | 100.0% |
| Income tax | $27K | 0.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $4.7M | -74% |
| Q1 2026 | $11.2M | +91% |
| Q4 2025 | $5.2M | -54% |
| Q3 2025 | $16.5M | +4% |
| Q2 2025 | $18.4M | +18% |
| Q1 2025 | $5.9M | -55% |
| Q4 2024 | $11.5M | -38% |
From Xos' 10-Q filed Aug 13, 2026 (on EDGAR).
Questions
How does Xos make money?
Xos (XOS) made $4.7M of revenue in the second quarter 2026 (Q2 2026), -74% from a year earlier. Product Revenue brought in $4.6M (96%); Ancillary brought in $166K (4%).
What is Xos' biggest business?
Product Revenue: $4.6M in the second quarter 2026, 96% of revenue, -75% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.