What is the market's earnings forecast for Xos next quarter?

What were the key takeaways from Xos's earnings call?

What is Xos's latest dividend and current dividend yield?

What factors drove the changes in Xos's revenue and profit?

What were the key takeaways from Xos’s earnings call?

Did Xos beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Xos year over year?

What does Xos do and what are its main business segments?

- **Free Cash Flow Breakthrough**: $5.4 million positive free cash flow for 2025, up from -$49.1 million in 2024. Third consecutive quarter of positive free cash flow.
- **Operational Efficiency**: 28% reduction in operating expenses to $35.8 million. Collections reduced AR from $26.9 million to $6 million.
- **Strategic Wins**: 200+ unit UPS program, 15 Blue Bird powertrain kits, and first Hub shipments with V2G capability.
- **2026 Growth Drivers**: Hub and powertrain revenue expected to grow triple-digit, targeting $40-$50 million in total revenue.

**【CEO Summary Section】**
- **2025 Financial Milestones**: Generated $46 million in revenue on 328 units, marking the first full year of positive free cash flow ($5.4 million). GAAP gross margin improved to 5.9%, and operating loss narrowed by 28% to $33.1 million.
- **Strategic Wins**: Secured a 200+ unit program with UPS, delivered 15 powertrain kits to Blue Bird, and launched the Xos Hub for mobile energy solutions. Collections reduced accounts receivable from $26.9 million to $6 million.
- **2026 Outlook**: Targeting $40-$50 million in revenue, 350-500 unit deliveries, and non-GAAP operating loss of $11.9-$13.3 million. Expanding into higher-margin powertrain and hub markets.

**【CFO Financial Commentary】**
- **Full Year 2025 Results**: GAAP net loss of $33.1 million vs. $45.9 million in 2024. Non-GAAP EBITDA improved 33% to $23.5 million. Operating expenses reduced 28% to $35.8 million.
- **Liquidity**: Ended with $14 million in cash, up from $11 million. Strong collections ($66 million) and ATM program ($2.4 million) supported liquidity. Amended $20 million convertible note to extend payments through 2028.
- **Q4 2025 Metrics**: $5.2 million revenue on 34 units. GAAP gross margin loss of $2.6 million (due to inventory reserves), but non-GAAP gross margin of $0.3 million (5.2%).

**【COO Operational Highlights】**
- **Production Execution**: Delivered 328 units (record volume), including 135 in Q2 (highest quarterly revenue). Tennessee plant scaled to 3 units/day for UPS program. Added dedicated powertrain line and new Hub variants.
- **Cost Optimization**: Direct material costs reduced despite tariffs. Engineering improvements (e.g., galvanized frame rails) enhanced durability. Supply chain savings of $20.7 million from Mesa lease termination.
- **Product Expansion**: Introduced 3 Hub configurations (210-630 kWh) and 5 powertrain kits for Blue Bird. Hub deployments expanded to utilities, fleets, and industrial users.

**【Q&A Key Highlights】**
- **Hub Growth**: 2026 Hub shipments expected to grow triple-digit, targeting mobile energy use cases like disaster response and peak shaving. First 400 kWh units shipped in Q1 2026.
- **Powertrain Expansion**: 100+ powertrain orders since Q2 2025. V2G capability added to new vehicles for grid resilience. Exploring retrofits for existing fleet.
- **Customer Mix**: Step vans (majority of 2025 units) will grow, but hubs and powertrains (e.g., 15 Q4 powertrain kits) are key growth drivers. Hub gross margins higher than step vans.
- **Tariff Strategy**: 2026 pricing includes tariff impacts, avoiding customer cost-sharing. Engineering team developing tariff-resilient supply chain alternatives.


Xos Inc (XOS) Q4 2025 Earnings Call Transcript

- **Revenue and Margin Milestones**: Q3 revenue of $16.5 million with 15.3% GAAP gross margin, lowest operating loss since IPO at $7 million.
- **Strategic Expansion**: 80+ powertrain orders and Hub deployments into backup power, targeting school bus market growth.
- **Financial Strength**: $14.1 million cash, $3.1 million free cash flow, and $20.7 million lease savings.
- **Market Leadership**: Largest EV supplier to FedEx contractors, with 200+ unit fleet order and expanding product portfolio.
- **Tariff Mitigation**: Renegotiated terms with UPS and reshoring efforts to stabilize margins.

**【CEO Summary Section】**
- **Record Shipments and Revenue Growth**: Delivered 140 units (130 recognized in Q3), generating $16.5 million in revenue. Year-to-date revenue reached $40.8 million on 294 units.
- **Gross Margin Improvement**: GAAP gross margin of 15.3%, up from 8.8% in Q2, driven by higher-margin powertrains and renegotiated tariffs with UPS.
- **Largest Order in History**: Secured a 200+ unit order, signaling long-term fleet partnerships.
- **Expansion into New Markets**: Delivered 18 powertrain systems to Blue Bird, with 80+ follow-on orders post-Q3. Launched Xos Hub for backup power, attracting utilities and industrial users.
- **Financial Restructuring**: Amended $20 million convertible note with Aljomaih, extending repayments to 2028, and terminated Mesa lease for $20.7 million savings.

**【COO Operational Highlights】**
- **Production Efficiency**: Tennessee plant achieved 3 chassis/day, maintaining quality at scale for UPS and FedEx.
- **Hub and Powertrain Expansion**: Deployed 18 Hubs and advanced powertrain variants for school buses, with factory expansions for 2026 growth.
- **Operational Discipline**: Reduced operating expenses by 24% YoY, driving a record-low $7 million operating loss.

**【CFO Financial Review】**
- **Cash and Liquidity**: Ended Q3 with $14.1 million in cash, up from $8.8 million, and generated $3.1 million in free cash flow.
- **Guidance Reaffirmed**: Full-year revenue of $50.2-65.8 million and 320-420 units, with non-GAAP operating loss of $24.4-26.9 million.
- **Cost Management**: Inventory reduced to $25.2 million, reflecting strong sales and inventory management.

**【Q&A Highlights】**
- **Hub Growth**: Expanded into backup power, with deployments at RE+ conference. 2026 Hub update to include advanced load balancing.
- **Powertrain Momentum**: 80+ orders post-Q3, targeting school bus market with LFP battery solutions.
- **Tariff Mitigation**: Reshoring efforts and supplier cost-sharing to reduce tariff impact.
- **Customer Relationships**: FedEx remains a key partner, with Xos as largest EV supplier to contractors.
- **Capital Confidence**: Peer funding validates industry growth and Xos's market position.

Xos, Inc. (XOS) Q3 2025 Earnings Call Transcript

- **Revenue Record**: Q2 2025 revenue of $18.4M (15% YoY growth) driven by 135 units delivered, including a historic 200+ unit order.
- **Gross Margin Challenge**: GAAP gross margin 8.8% (down 12ppts QoQ) due to tariffs and product mix, but 8th straight quarter of positive non-GAAP gross margin (1.4%).
- **Liquidity Strength**: $4.6M positive free cash flow (highest ever) and $8.8M cash balance, supported by amended debt terms.
- **Tariff Impact**: 5-15% of ASPs affected by tariffs, partially offset by shared cost arrangements with customers.
- **Product Diversification**: Powertrain deliveries to Blue Bird and Xos Hub updates for 2026 targeting industrial power resiliency.
- **Operational Efficiency**: 35% YoY decline in operating expenses to $8.7M, lowest operating loss since IPO.


**【CEO Summary Section】**
- **Record Q2 Performance**: Delivered 135 vehicles, generating $18.4M revenue (highest quarterly revenue in company history), with significant orders from UPS, FedEx, and a 200+ unit historic order.
- **Gross Margin Dynamics**: GAAP gross margin of 8.8% (down from 20.6% Q1) due to product mix shifts (higher national account volumes with structured pricing) and tariffs. Non-GAAP gross margin was 1.4% (8th consecutive quarter of positive performance).
- **Liquidity Management**: Amended convertible note repayment terms with Aljomaih, extending principal repayments from 2025 to 2028, freeing capital for growth. Maintained $8.8M cash balance and achieved $4.6M positive free cash flow (highest in company history).
- **Strategic Diversification**: Expanded powertrain deliveries to Blue Bird (nearly 20 units Q2) and advanced Xos Hub deployments, targeting 2026 product updates for energy optimization and industrial power resiliency.

**【COO Operational Highlights】**
- **Production Efficiency**: Tennessee plant operated at high utilization, producing chassis for UPS and advancing MDXT development (scheduled for 2026 launch with dump body and municipal applications).
- **Supply Chain Resilience**: Proactive tariff monitoring and cost reduction initiatives mitigated headwinds, supporting 35% YoY decline in operating expenses to $8.7M.
- **Customer Validation**: Repeat business from national carriers and municipal interest in MDXT, with California Department of General Services approval.

**【CFO Financial Commentary】**
- **Revenue Growth**: Q2 revenue up 15% YoY ($18.4M vs. $15.5M) despite lower ASPs due to product mix. H1 2025 revenue $24.3M (down 15% vs. H1 2024) due to inventory drawdown.
- **Cost Control**: Operating loss of $7.1M (lowest since IPO), 35% YoY decline. Non-GAAP operating loss $6.9M, driven by $1.8M sequential expense reduction.
- **Balance Sheet Health**: Inventory reduced 18% QoQ to $31M, accounts receivable collections of $22.8M.
- **Guidance Update**: Full-year 2025 revenue $50.2M-$65.8M (unchanged), non-GAAP operating loss $24.4M-$26.9M (expanded due to tariff impacts).

**【Q&A Key Highlights】**
- **Competitive Differentiation**: Cited team expertise, customer trust (5+ years of reliable product performance), and operational adaptability to tariffs as key drivers of outperformance vs. peers.
- **MDXT Momentum**: Over 1,000 miles of customer demos completed, with interest from national fleets, municipalities, and dump body applications. No specific backlog disclosed, but strong pipeline for 2026 launch.
- **Tariff Impact**: Tariffs added 5-15% to ASPs (depending on product), partially offset by shared cost arrangements with customers. Recent India tariff changes added complexity.
- **Customer Loyalty**: National carriers willing to bear shared tariff costs due to Xos' proven TCO savings and product reliability.


Xos, Inc. (XOS) Q2 2025 Earnings Conference Call Transcript

- **Revenue Resilience**: Q1 2025 revenue $5.9M despite 60 units shipped, with 70%+ of shipments expected to recognize in 2025.
- **Margin Strength**: 7+ consecutive quarters of positive non-GAAP gross margin (15% in Q1).
- **MDXT Breakthrough**: 100,000+ annual TAM in Classes 5-6, targeting Q3 2026 production with 90%+ component reuse from stepvans.
- **Charge Hub Growth**: External orders from non-Xos customers, V2 development underway.
- **Liquidity Focus**: Collections improved ($10.2M in Q1), cash management disciplined.

**【CEO Key Highlights】**
- Q1 2025 Revenue: $5.9M (29 units delivered), with 60 units shipped (31 to UPS body builder). QoQ decline due to lower volume, but 70%+ of shipped units expected to recognize in 2025.
- Tariff Mitigation: 10-30% COGS impact, but 90%+ of MDXT components share with stepvans, enabling low incremental CapEx (~$1M+).
- MDXT Launch: 100,000+ annual TAM in Classes 5-6, targeting Q3 2026 production. Early demos show strong interest from national fleets.
- Growth Strategy: Focus on 3 pillars - **Growth (UPS, Southern Wine, RNDC orders), Liquidity (cash collections up $10.2M in Q1), Margins (7+ consecutive quarters of positive non-GAAP gross margin).**

**【CFO Financial Update】**
- Q1 2025 Financials:
  - GAAP Gross Margin: $1.2M (20.6%), vs. -32.4% in Q4 2024
  - Non-GAAP Gross Margin: $0.9M (15%), vs. 23.2% in Q4 2024
  - Operating Loss: $9.3M (vs. $14.6M in Q4 2024)
  - Cash: $4.8M (down from $12.1M in Q4 2024)
- Full Year 2025 Guidance:
  - Revenue: $50.2M-$65.8M
  - Units: 320-420
  - Non-GAAP Op Loss: $17.2M-$14M
- Liquidity Management: Collections improved ($10.2M in Q1), inventory optimized for UPS deliveries.

**【COO Operational Progress】**
- Production Updates:
  - 193-unit UPS order in process (31 strip chassis shipped)
  - Blue Bird school bus electrification kits in production
  - MDXT prototypes undergoing safety certifications
- Supply Chain Resilience:
  - 90%+ MDXT components shared with stepvans
  - Tariff mitigation strategies (reshoring, alternative sourcing)
- Mobile Charging Hub:
  - DC fast chargers with minimal grid impact
  - External orders from non-Xos customers
  - V2 development underway based on customer feedback.

**【Q&A Key Takeaways】**
1. **MDXT Market Interest**: 100,000+ annual TAM, targeting Q3 2026 production. Early demos show interest from Southern Wine, RNDC, and others.
2. **UPS Order Margin**: Large fleet orders at lower margin (single-digit), offset by higher-margin specialty configs and mobile charging.
3. **Charge Hub Momentum**: External orders beyond Xos customers, V2 development in pipeline.
4. **Tariff Mitigation**: 10-30% COGS impact, but 90%+ component reuse reduces incremental cost.


Xos, Inc. (XOSWW) Q1 2025 Earnings Call Transcript

- **Q4 Revenue Growth**: $56M annualized (+26% YoY), despite Q4 dip to $11.5M due to seasonal delays. 
- **Gross Margin Strength**: 23.2% non-GAAP in Q4, driven by high-margin hubs and powertrains. 
- **Major Orders Secured**: 200+ UPS chassis, 20 Caltrans hubs, $10M Texas incentives. 
- **Tariff Mitigation**: Reshoring components and federal offsets to reduce $5k-$20k/vehicle costs. 
- **2025 Outlook**: Revenue $50.2M-$65.8M, units 320-420, targeting positive free cash flow. 
- **Operational Efficiency**: $10M+ cost reductions, 22% expense decline, $3.3M Q4 free cash flow.

**【CEO Summary Section】**
- Q4 2024 revenue of $11.5 million, down 27.3% QoQ due to seasonal delays in parcel delivery, but up 26% YoY to $56 million. 
- Delivered 51 units, with growing momentum in strip chassis (reducing inventory turnover by 2-3 months). 
- Secured $40 million in liquidity through a transaction, and $10 million in Texas incentives for 2025 deliveries. 
- Non-GAAP gross margin of 23.2% in Q4, driven by higher-margin hubs and powertrains. 
- 2025 guidance: Revenue $50.2M-$65.8M, units 320-420, non-GAAP operating loss $17.2M-$14M. 
- Tariffs could add $5k-$20k per vehicle, but reshoring components and federal offsets will mitigate costs. 

**【COO Commentary】**
- Launched 208-inch wheelbase StepVan variant with +200 cu.ft. cargo capacity. 
- Hub production ramped to 2 units/week, with orders from Waymo, Duke Energy, and Caltrans. 
- $10M+ in cost reductions over 12 months, including $1M+ in 2024. 
- Subleasing LA facility and 2 other properties to reduce expenses. 
- Tennessee facility expansion supports current production levels. 

**【CFO Financial Commentary】**
- Full-year 2024: GAAP gross margin 7.1% (vs -2.9% 2023), non-GAAP 18% (vs -5.2%). 
- Q4 GAAP loss of $3.7M due to inventory write-offs, non-GAAP margin 23.2%. 
- Operating expenses down 22% YoY to $49.8M. 
- Cash of $11M, positive free cash flow of $3.3M in Q4 (vs -$11.7M prior). 
- Inventory reduced 13% YoY to $36.6M. 

**【Q&A Highlights】**
- Gross margin strength driven by hub and powertrain mix (20%+ margins). 
- Hub production capacity will expand based on customer demand. 
- Blue Bird powertrains for school buses in 2025, Winnebago medical vehicles. 
- Working capital improvements via floor planning and faster collections. 
- Tariffs could add 10-15% costs, but reshoring and efficiency gains offset impact.

Actual	-2.4	-4.5878	-3.9	-1.8	-4.2	-3	-4.2	-4.3526	-2.358	-2.2926	-1.8	-1.2509	-1.3334	-2.3069	-1.26	-0.91	0.22	-0.873
Forecast	-2.1	-3.78	-3.42	-4.3	-4.5	-4.08	-3.375	-3.3	-2.7	-1.42	-2.135	-1.7933	-1.3525	-1.32	-1.12	-1.16	-0.8	-0.73
Surprise	-14.29%	-21.37%	-14.04%	+58.14%	+6.67%	+26.47%	-24.44%	-31.90%	+12.67%	-61.45%	+15.69%	+30.25%	+1.41%	-74.77%	-12.50%	+21.55%	+127.50%	-19.59%

XOS

XOS fundamentals

XOS Q4 2025 Earnings

Earnings Call

You can ask Aime

XOS

XOS fundamentals

XOS Q4 2025 Earnings

Earnings Call

XOS Earnings Call Summary for Q4/20254:30 PM on Mar 26, 2026

XOS Earnings Call Summary for Q3/20254:30 PM on Nov 13, 2025

XOS Earnings Call Summary for Q2/20254:30 PM on Aug 13, 2025

XOS Earnings Call Summary for Q1/20254:30 PM on May 14, 2025

XOS Earnings Call Summary for Q4/20244:30 PM on Mar 28, 2025

You can ask Aime