Xos, Inc. (XOS) Stock

Xos, Inc. (XOS) is a Consumer Discretionary stock trading at $3.75 (as of 2026-08-20), with a market capitalization of $45.46M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Xos, Inc. manufactures and sells battery-electric commercial vehicles and provides related services to support fleet adoption, including charging infrastructure, vehicle maintenance, and service, along with financing. The company serves commercial fleet customers transitioning to electric vehicles.

Understand Xos, Inc.: how it makes money

Xos makes and sells battery-electric commercial vehicles, and it also offers related services to help fleets transition to electric, including charging infrastructure, vehicle maintenance, financing, and service.

The profit engine depends on converting production into repeatable vehicle deliveries (including lease-backed fleet deliveries), because the business manufactures battery-electric trucks and tracks delivery volumes and shipped units alongside manufacturing capacity and system improvements.

Business quality (Weak): Operating profitability is weak, and the operating model appears delivery and scale dependent (with metrics focused on units delivered, shipped, and production capacity). Gross margin is positive, but the operating margin is deeply negative for the latest reported period.

Bull case

  • Delivery activity and fleet reach are measurable: The company tracks Vehicle Units Delivered, and also Vehicle Units Delivered Including Leases, along with deliveries to fleet and end customers.
  • Manufacturing and product development progress can be tracked: Operational metrics include vehicle units shipped, production capacity, and system-level energy density improvement for the Lyra platform.

Bear case

  • Current operating losses: For the period 2026-03-31, operating margin is -41.7%, indicating operating costs are far above operating gross profit.
  • Performance relies on scaling from a small delivery base: The latest operational figures show relatively low Vehicle Units Delivered versus higher totals when leases are included, which may imply the business needs additional volume and mix improvement to reduce losses.
Valuation — source: SEC EDGAR (first-party)
Price$3.75
Market Cap$45.46M
Price / Book1.99
Price / Sales1.40
FCF Yield-16.6%
DCF Value (model)$2.27
DCF Upside vs Price-39.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$45.99M
Net Margin-55.1%
Revenue Growth (YoY)-74.2%
EPS Growth (YoY)-39.6%
FCF Growth (YoY)-192.9%
Financial Health — source: SEC EDGAR
Altman Z-Score-5.10 (distress)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Automobiles & Trucks)17.2
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($271200.00)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryAutomobiles & Trucks
CEODakota Semler
Employees109
CountryUS
IPO Date2020-12-08

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XOS earnings history · XOS institutional & insider holders · XOS KPIs & operating metrics · XOS financials · XOS investor presentations & press releases · XOS SEC filings · XOS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.