Xos, Inc. (XOS)

Nasdaq: XOS · Motor Vehicle Parts & Accessories · Los Angeles, CA · filing with the SEC since 2020

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Grade3.5

◀ Past 3.6● Present 2.7▶ Future 4.5

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Xos, Inc.

Nine metrics read from its own filings, by tense

Headline grade

3.5/10

◀ Past3.630% of the headline

● Present2.740% of the headline

▶ Future4.530% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.6/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

1.5/10

Has it survived what it has been through?

9 warning events since 2020; the latest 2023-06-28.

weight 33% of this tense · 15th percentile among 36 sector filers · read for itself

From the record

Xos, Inc.'s filings since 2020 show 9 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 2 times, the latest 2023-06-28); a warning not to rely on past financial statements (8-K item 4.02, 2 times, the latest 2023-03-08); an auditor change (8-K item 4.01, 3 times, the latest 2022-09-30); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2021-08-17) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

6.2/10

What has it actually done, year after year?

+77.1% a year over 6 filed years; profitable in 1 of 6.

weight 45% of this tense · 62nd percentile among 34 sector filers · read for its customers

From the record

Xos, Inc.'s 6 filed years say what it did: revenue went from $3 million in fiscal 2020 to $46 million in fiscal 2025, up 77.1% a year; it rose in 4 of 5 years; the deepest fall was 18% from fiscal 2024 to fiscal 2025; net income was positive in 1 of 6 of those years (its annual reports).

What it rests on

revenue growth over the filed span77.1%top 4% of its family
the share of years revenue rosetop 25% of its family
the share of filed years with a profitbottom 13% of its family
the deepest fall from a revenue peak17.8%top 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

1.3/10

How has it treated the people who own it?

SI estimate 1.3/10, confidence 35 of 100 (one part).

weight 22% of this tense · 13th percentile among 35 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 13% of 35 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 35 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Xos, Inc.'s shareholder treatment is put at 1.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 13% of 35 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.7/1040% of the headline grade · 3 of 3 filed

Financial health

as filed

2.1/10

Is it financially healthy right now?

ROE -109%: lost 109¢ per shareholder dollar. Leverage 61%: owes 61¢ per asset dollar.

weight 45% of this tense · 21st percentile among 35 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Xos, Inc. lost about 109 cents for every dollar of shareholders' money, and gross profitability: its products earned about 5 cents per dollar of everything the company owns. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count grew 24.8% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 47% of its family
return on equitybottom 5% of its family
gross profit against assetsbottom 16% of its family
the share count against the year beforebottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

3.7/10

How strong is its position in its industry?

bottom 37% of 35 in its family; net margin -55.1%.

weight 33% of this tense · 37th percentile among 35 sector filers · read for its customers

From the record

Xos, Inc.'s standing among 35 graded names in its industry family: revenue of $46 million in fiscal 2025 ranks in the bottom 13% by size; a net margin of -55.1% ranks in the bottom 21%; revenue growth of 8.1% a year over the last 3 filed years ranks in the top 24% (its annual reports).

What it rests on

revenue against the family$46.0Mbottom 13% of its family
net margin-55.1%bottom 21% of its family
three-year revenue growth8.1%top 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed

2.5/10

What are the people in charge doing?

bottom 25% of 27 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 25th percentile among 27 sector filers · read for its shareholders

From the record

Xos, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Semler, Dakota (Chief Executive Officer, as filed), filing under that title since 2021-08-24, 5.2 years (bottom 39% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 4.5 years (bottom 13%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 24%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

officer and director changes on Form 8-K, against the people in charge7 in three years among 10 peoplebottom 24% of its family
the median years the people in charge have filed4.5 yearsbottom 13% of its family
the chief executive's years on the record5.2 yearsbottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

6.7/10

How much room does it have to grow?

top 33% of 35 in its family for room to expand.

weight 45% of this tense · 67th percentile among 35 sector filers · read for itself

From the record

Xos, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $14 million against no long-term debt tagged leaves 23.3% of its assets as net cash, top 14% of its family; cash from operations less capital spending is 11.7% of revenue (top 13%); a gross margin of 5.9% (bottom 13%); research spending of 17.4% of revenue (top 20%) (its annual report).

What it rests on

cash less debt against assets23.3%top 14% of its family
cash from operations less capital spending against revenue11.7%top 13% of its family
gross margin5.9%bottom 13% of its family
research spending against revenue17.4%top 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

0.3/10

What could actually drive growth from here?

bottom 3% of 34 in its family for growth drivers.

weight 33% of this tense · 3rd percentile among 34 sector filers · read for its customers

From the record

Xos, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 8.1% a year over the last three filed years against 77.1% over all 6, slowing (bottom 1% of its family); the newest year grew -17.8% (bottom 7%); research spending grew -36.1% a year (bottom 2%) (its annual reports). Xos, Inc. reported 5 product lines in fiscal 2025: Stepvans and Vehicle Incentives at $36 million (78%), Powertrains and Hubs at $7 million (16%), Manufactured Product Other at $2 million (4%), and 2 more; 0 of 4 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-69.0 points a yearbottom 1% of its family
the newest year's revenue growth-17.8%bottom 7% of its family
three-year growth of research spending-36.1%bottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

6.2/10

Did its newest year beat what its own record pointed to?

top 38% of 33 in its family for expectations against reality.

weight 22% of this tense · 62nd percentile among 33 sector filers · read for its shareholders

From the record

Xos, Inc.'s newest year against its own record: revenue of $46 million in fiscal 2025 came in 33.7% below the $69 million its prior three years' pace pointed to (bottom 8% of its family); net income of $25 million against a prior three-year average of $66 million (top 14%); a net margin of -55.1% against losses larger than its revenue before (top 8%) (its annual reports).

What it rests on

revenue against the prior three years' pace-33.7%bottom 8% of its family
net income against the prior three years' average+62%top 14% of its family
net margin against its prior average+98.8 pointstop 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton XOS · research, not advice