Xos, Inc. (XOS) Earnings Call Transcripts

Xos, Inc.'s Latest Earnings Call - Q4 FY2025

In the fourth quarter and full year 2025 earnings call, Xos, Inc. reported a revenue of $46 million, a decrease from $56 million in 2024, attributed to a shift in product mix. The company achieved a significant milestone with positive free cash flow of $5.4 million for the year, compared to negative $49.1 million in 2024, and narrowed its operating loss by 28% to $33.1 million. For 2026, management guided revenue expectations between $40 million and $50 million, indicating a focus on scaling operations and improving margins.

Reported metrics

Guidance from management

For 2026, Xos anticipates revenue between $40 million and $50 million, with unit deliveries expected to be between 350 and 500. Non-GAAP operating loss is projected to be in the range of $11.9 million to $13.3 million, indicating a focus on scaling operations and improving margins.

What management said

Thanks for the question. The unit mix will be disclosed -- the details of the unit mix will be disclosed in our 10-K that we're planning to file on Monday. But I would say directionally for 2025, the majority of the units were predominantly StepVan's and hubs and powertrains made up the remainder of the mix for the full year. For the fourth quarter, powertrain and hubs drove the significant volumes with StepVan's be...

Yes. So for some of our later generation vehicles that we've recently delivered, we have explored the potential to install the V2G capability. It's a pretty simple hardware change and a software change. We haven't determined whether it's a big enough opportunity to pursue and commercialize and offer it to customers. But from a technical feasibility standpoint, it is something that we evaluate and feel that we could ...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of cash flow improvements and the potential for further inventory optimization. There were questions about the impact of tariffs on future margins and how the company plans to manage working capital effectively moving forward.

Main topics on the call

• Positive Free Cash Flow Achievement — Xos generated $5.4 million in positive free cash flow for 2025, a substantial improvement from negative $49.1 million in 2024. CEO Dakota Semler stated, 'Those are not just numbers. They are proof that our model works.'
• Revenue Decline Due to Product Mix — For 2025, Xos reported revenue of $46 million, down from $56 million in 2024, primarily due to a shift towards lower-margin strip chassis products. CFO Liana Pogosyan noted, 'The shift in product mix... resulted in a low...
• Operational Efficiency Improvements — Xos improved its operational efficiency, reducing operating expenses by 28% to $35.8 million in 2025. This reflects a disciplined approach to managing costs, as highlighted by Liana Pogosyan's comment, 'These sustained r...
• Growing Demand for Powertrain and Hub Products — Xos anticipates high double-digit growth in both the hub and powertrain segments, with CEO Dakota Semler indicating that 'the rate of growth... could easily exceed triple digits this year.' This signals a strategic shift...

Read the full Xos, Inc. transcript (Q4 FY2025) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 18 Xos, Inc. earnings call transcripts on record, spanning March 28, 2022 to May 14, 2026. Based on this history, Xos, Inc. reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

XOS

Exchange

NasdaqCM

Country

US

Sector

Industrials

Industry

Machinery

Calls on record

18

First call

March 28, 2022

Most recent

May 14, 2026

Reporting cadence

quarterly