Overview
Xos Q3 revenue declined from Q2 and missed analyst expectations
Company achieved positive net income of $2.1 mln for Q3 2025
Operating expenses decreased 24% yr/yr, reflecting strong cost discipline
Outlook
Xos maintains 2025 revenue outlook at $50.2 mln to $65.8 mln
Company expects 2025 unit deliveries between 320 and 420 units
Xos forecasts 2025 non-GAAP operating loss of $26.9 mln to $24.4 mln
Result Drivers
GROSS MARGIN IMPROVEMENT - Xos expanded gross margins to 15.3% from 8.8% in Q2, attributed to a diverse customer mix
COST DISCIPLINE - Operating expenses decreased 24% yr/yr, reflecting strong execution and focus on operational performance
CASH FLOW POSITIVE - Achieved positive free cash flow for the second consecutive quarter, driven by faster inventory turnover and efficient receivables collection
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $16.50 mln | $17.33 mln (3 Analysts) |
Q3 Net Income | $2.10 mln | ||
Q3 Adjusted Operating Income | -$4.80 mln | ||
Q3 Income From Operations | -$7 mln | ||
Q3 Operating Expenses | $9.53 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto & truck manufacturers peer group is "buy"
Wall Street's median 12-month price target for Xos Inc is $6.50, about 61.7% above its November 12 closing price of $2.49
Press Release: ID:nGNX8m9X6R
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)