Xos Inc. Reports Record Low Operating Loss and Strategic Growth in Q3 2025

Xos Inc reported Q3 2025 revenue of $16.5 million, a GAAP gross margin of 15.3%, and a non-GAAP gross margin of 16%. The company achieved its lowest operating loss since going public, at $7 million, and strengthened its liquidity position with $14.1 million in cash and cash equivalents. However, revenue was down from the previous quarter due to a shift in product mix, and operating expenses increased by 9%. The company faces ongoing challenges with tariffs and anticipates seasonal delays in deliveries during Q4.