Xos Q1 2026: record 38.6% gross margin, $11.2M revenue, operating loss down 49.5% YoY

Xos, Inc.

2026-Q1 EPS reported -$0.43 revenue$11,225,000

Revenue $11.2M (up 90% YoY from $5.9M); record gross margin 38.6% vs 20.6% in Q1 2025.
Operating loss improved 49.5% to $4.7M; non-GAAP operating loss down 67.2% to $2.6M.
Delivered 95 units (including 63 Blue Bird powertrains), up from 29 units in Q1 2025.
Operating expenses cut 14% YoY to $9.0M; cash at $9.8M vs $4.8M a year ago.
Launched Xos Hub 210/420/630 kWh; electric chassis priced at $99,000.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Xos, Inc. reported the first quarter ended March 31, 2026 results: revenue $11.2 million, net income Net Loss $ (5.0).

Period: the first quarter ended March 31, 2026
Revenue: $11.2 million
Net income: Net Loss $ (5.0)
Result: reported results

Exact text from the filing

strength of its multi-product platform spanning vehicles, powertrains, and energy storage. First Quarter Highlights: • Xos delivered 95 units, including leases, and generated $11.2 million in revenue in the first quarter, compared to 29 units and $5.9 million in Q1 2025, as the Company executed its strategic focus on powertrain and hubs production. • Gross margins

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Source: SEC EDGAR

accession 0001819493-26-000043

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